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Housing Starts Fall Nationally, Not So In BC

April 10th, 2018
BCREA ECONOMICS NOW

Canadian Housing Starts - April 10, 2018

Canadian housing starts fell 3 per cent on a monthly basis in march to 225,213 units at a seasonally adjusted annual rate (SAAR).  The six-month trend in Canadian housing starts was steady at about 226,000 units SAAR.

In BC, total housing starts jumped 48 per cent on a monthly basis to 46,629 units SAAR with multiple unit starts rising ...

BCREA Report: The Economic Fallout of Housing Price Shocks

April 6th, 2018

The desire of some well-meaning British Columbians for government to drive down the price of homes through demand-side policy may sound practical at first blush. However, when you consider the broad and deep economic toll that a negative shock to home prices would exact on both homeowners and renters, it quickly becomes apparent that such an approach is at best, a mug’s game. BCREA Economics ...

BC Budget: Taxes Won't Make Housing Affordable

February 22nd, 2018

Government Needs Transitional Rules For All Transactions Impacted By Taxes Introduced In Budget 2018

New taxes unlikely to stabilize housing market

Victoria, BC – February 20, 2018. The British Columbia Real Estate Association calls on the government to introduce transitional rules for all transactions impacted by the new tax measures introduced in Budget 2018. The new tax measures com ...

Mortgage Stress Test Blamed For Dip In BC Home Sales

February 15th, 2018

BC Home Sales Dip After Strong December

Vancouver, BC – February 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,306 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in January, an increase of 18.3 per cent from the same period last year. The average MLS® residential price in BC was $721,477, up 16. ...

2018: BC Housing Market Facing Headwinds

November 28th, 2017

Housing Market Facing Headwinds Despite Strong Economy 
BCREA 2017 Fourth Quarter Housing Forecast

Vancouver, BC – November 28, 2017. The British Columbia Real Estate Association (BCREA) released its 2017 Fourth Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 10.4 per cent to 91,700 units in 2018, after an exp ...

BC Home Sales Rise Despite Low Level of Supply

November 18th, 2017

BC Home Sales Rise Despite Low Level of Supply

Vancouver, BC – November 14, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 8,677 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, an increase of 19.3 per cent from the same period last year. Total sales dollar volume was $6.25 billion, up 41.6 per cent from October ...

BC September R.E. Up Annually But 2017 Under Performing 2016

October 18th, 2017

BC Home Sales Ratchet Higher in September

Vancouver, BC – October 12, 2017. The . The British Columbia Real Estate Association (BCREA) reports that a total of 8,340 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, an increase of 9.9 per cent from the same period last year. Total sales dollar volume was $5.8 billion, up 30.2 per cent fr ...

August BC Home Sales

September 21st, 2017

BC Home Sales Robust and Unchanged in August

Vancouver, BC – September 14, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 9,162 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, an increase of 2.4 per cent from the same period last year. Total sales dollar volume was $6.2 billion, up 22 per cent from August 2016. T ...

BC Real Estate predicted to boom in 2017

June 20th, 2017

BC Home Sales to Exceed 100,000 Units for Third Consecutive Year 
BCREA 2017 Second Quarter Housing Forecast

Vancouver, BC – June 19, 2017. The British Columbia Real Estate Association (BCREA) released its 2017 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 10 per cent to 101,000 units this ...

Low Housing Supply Not Just In Vancouver

June 13th, 2017

Housing Supply Not Keeping Pace with Demand in Most BC Regions

Vancouver, BC – June 13, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 12,402 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, down 7.9 per cent from the same period last year. Total sales dollar volume was $9.33 billion, down 4.0 per cent fro ...

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