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Blog by Don Kennedy

The June BC Market

July 21st, 2016

Tight Market Conditions Prevail Around the Province

Vancouver, BC – July 14, 2016. The British Columbia Real Estate Association (BCREA) reports that a record 12,906 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, up 14.3 per cent from the same month last year. Total sales dollar volume was $8.97 billion in June, up 25.7 per cent compared to ...

Vancouver West Houses

July 17th, 2016
June 2016 statistics
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

The News Release notes that March through June in Greater Vancouver more homes have been listed for sale than in any other four month period since 2010. Never the less, supply does not balance with demand and Buyers continue competing to become owners. New listings of all property ty ...

Vancouver East Houses

July 17th, 2016
June 2016 statistics
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

The News Release notes that March through June in Greater Vancouver more homes have been listed for sale than in any other four month period since 2010. Never the less, supply does not balance with demand and Buyers continue competing to become owners. New listings of all property ty ...

Vancouver East Apartments

July 17th, 2016
June 2016 statistics
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

The News Release notes that March through June in Greater Vancouver more homes have been listed for sale than in any other four month period since 2010. Never the less, supply does not balance with demand and Buyers continue competing to become owners. New listings of all property ty ...

Vancouver West Apartments

July 17th, 2016
June 2016 statistics
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

The News Release notes that March through June in Greater Vancouver more homes have been listed for sale than in any other four month period since 2010. Never the less, supply does not balance with demand and Buyers continue competing to become owners. New listings of all property ty ...

Vancouver West Townhomes

July 17th, 2016
June 2016 statistics
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

The News Release notes that March through June in Greater Vancouver more homes have been listed for sale than in any other four month period since 2010. Never the less, supply does not balance with demand and Buyers continue competing to become owners. New listings of all property ty ...

Was the BC Government blameless in condemning the Real Estate industry for botching self regulation?

July 12th, 2016


By Jean Sorensen


B.C. Premier Christy Clark has stripped the Real Estate Council of B.C. of the privilege of self-regulation and a report by the council-appointed Independent Advisory Group (IAG) points to a lack of clout and culture as two main reasons the system failed.

The controversy started with stories in The Globe and Mail reporting on shadow-flipping, Realtors allowing foreign buyers to ...

BC housing starts near record pace

July 11th, 2016
BCREA ECONOMICS NOW

Canadian Housing Starts - July 11, 2016

Canadian housing starts increased 17 per cent in June to 218,333 units at a seasonally adjusted annual rate (SAAR).   The six-month trend in Canadian housing starts of roughly 198,000 moved higher as well and is slightly above growth in Canadian households.

Housing starts in BC continued on a near record setting pace, up close to 40 pe ...

BC only province to record a gain in jobs in June.

July 8th, 2016
BCREA ECONOMICS NOW

Canadian and US Employment - July 8, 2016

Canadian employment was virtually unchanged in June as the economy shed 700 jobs. The national unemployment rate moved slightly lower, falling by 0.1 points to 6.8 per cent  BC was the only province to record a gain in jobs in the month of June, adding 16,000 jobs. The provincial unemployment rate remained the lowest in the country a ...

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