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Blog by Don Kennedy

See what is next with Vancouver home prices

June 24th, 2016
Latest BCREA Market Intelligence Report

If You Build It They Will Buy

June 15th, 2016
Record Home Sales Creates Wave of New Home Construction Vancouver, BC – June 15, 2016. The British Columbia Real Estate Association (BCREA) reports that a record 13,458 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, up 32.3 per cent from the same month last year. Home sales last month exceeded April’s record of 12,969 units. Total sales dol ...

Vancouver West Houses

June 9th, 2016
May StatisticsAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result ...

Vancouver East Houses

June 9th, 2016
May StatisticsAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result ...

Vancouver East Apartments

June 9th, 2016
May StatisticsAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result ...

Vancouver West Apartments

June 9th, 2016
May StatisticsAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result ...

Vancouver West Townhomes

June 9th, 2016
May StatisticsAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result ...

US employment numbers mean steady mortgage rates in Canada

June 3rd, 2016
BCREA ECONOMICS NOWUS Employment - June 3, 2016US Non-farm payrolls came in at just 38,000 jobs for the month of May, well below expectations and a significant slowdown from the trend of 200,000 jobs per month set over the previous three months.  A slip in overall labour force participation pushed the national unemployment rate down to 4.7 per cent in spite of disappointing job growth. A slow ...

BCREA 2nd Q BC housing forecast

June 2nd, 2016
Record Breaking Housing Demand Sweeps BC  BCREA 2016 Second Quarter Housing Forecast Vancouver, BC – June 2, 2016. The British Columbia Real Estate Association (BCREA) released its 2016 Second Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to climb 12.3 per cent to a record 115,200 units this year, eclipsing ...

BC economy expected to expand at twice the national average

June 1st, 2016
BCREA ECONOMICS NOWCanadian Economic Growth (Q1'2016) - May 31, 2016The Canadian economy rebounded from a sluggish end to 2015, with real GDP (economic output adjusted for inflation) growing at a 2.4 per cent at an annualized rate in the first quarter of this year, well short of the 3 per cent growth expected by most economists. Economic growth was led by a rise in exports, residential invest ...

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