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Blog by Don Kennedy

BANK OF CANADA RATE UP

October 24th, 2018
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - October 24, 2018

The Bank of Canada raised its target for the overnight rate by 25 basis points to 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy is expected to average growth of 2 per cent over the second half of 2018 before slowing to 1.9 per cent next year.  The r ...

EXPECT B of C RATE HIKE OCT 24

October 19th, 2018
BCREA ECONOMICS NOW

Canadian Retail Sales and Inflation - October 19, 2018

Canadian retail sales declined 0.1 per cent on a monthly basis in August, but were 3.6 per cent higher on a year-over-year basis. Retail sales were lower in 7 of 11 sub-sectors representing 52 per cent of total retail trade. After a spending binge in 2017 which saw retail sales grow nearly ten per cent,  BC consumers hav ...

Slow September for BC Home Sales

October 14th, 2018

BC Home Sales Continue at Slower Pace in September

Vancouver, BC – October 11, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,573 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in September, a 33.2 per cent decrease from the same month last year. The average MLS® residential price in BC was $685,749, ...

VANCOUVER WEST SEPTEMBER HOUSE MARKET

October 4th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release laments that the summer Real Estate doldrums are spilling over into fall. The supply of housing has reached a level not seen since 2014 as low Buyer demand has precipitated a backlog of inventory. Detached houses clearly no longer enjoy their long standing Sellers market while the ...

VANCOUVER EAST SEPTEMBER HOUSE MARKET

October 4th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release laments that the summer Real Estate doldrums are spilling over into fall. The supply of housing has reached a level not seen since 2014 as low Buyer demand has precipitated a backlog of inventory. Detached houses clearly no longer enjoy their long standing Sellers market while the ...

VANCOUVER WEST SEPTEMBER APARTMENT MARKET

October 4th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release laments that the summer Real Estate doldrums are spilling over into fall. The supply of housing has reached a level not seen since 2014 as low Buyer demand has precipitated a backlog of inventory. Detached houses clearly no longer enjoy their long standing Sellers market while the ...

VANCOUVER EAST SEPTEMBER APARTMENT MARKET

October 4th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release laments that the summer Real Estate doldrums are spilling over into fall. The supply of housing has reached a level not seen since 2014 as low Buyer demand has precipitated a backlog of inventory. Detached houses clearly no longer enjoy their long standing Sellers market while the ...

VANCOUVER WEST SEPTEMBER TOWNHOME MARKET

October 4th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release laments that the summer Real Estate doldrums are spilling over into fall. The supply of housing has reached a level not seen since 2014 as low Buyer demand has precipitated a backlog of inventory. Detached houses clearly no longer enjoy their long standing Sellers market while the ...

VANCOUVER EAST SEPTEMBER TOWNHOME MARKET

October 4th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release laments that the summer Real Estate doldrums are spilling over into fall. The supply of housing has reached a level not seen since 2014 as low Buyer demand has precipitated a backlog of inventory. Detached houses clearly no longer enjoy their long standing Sellers market while the ...

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