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Blog by Don Kennedy

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Falling Condo Production Cause of Low BC Housing Starts

September 11th, 2019
Canadian Housing Starts - September 10, 2019

 Canadian housing starts increased by 1.9% in August to 226,639 units at a seasonally adjusted annual rate (SAAR). The trend in Canadian housing starts was up, averaging 218,998 units SAAR over the past six months, continuing a robust trend.

 In BC, housing starts were down by 26% on a monthly basis to 39,266 units SAAR. This largely reflects activi ...

BC Home Sales Trend Lower in June

July 16th, 2019

BC Home Sales Trend Lower in June

Vancouver, BC – July 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,960 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, a decline of 11.8 per cent from the same month last year. The average MLS® residential price in the province was $687,584, a decline of 4 per cent from June ...

The Impact of the B20 Stress Test on BC Home Sales in 2018

July 9th, 2019

Home Sales to Rise in 2020

June 18th, 2019

BC Home Sales to Rise in 2020
BCREA 2019 Second Quarter Housing Forecast

Vancouver, BC – June 18, 2019. The British Columbia Real Estate Association (BCREA) released its 2019 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 9 per cent to 71,400 units this year, after recording 78,346 residential sales in 2 ...

BC Home Sales on the Rise in May

June 14th, 2019

BC Home Sales on the Rise in May

Vancouver, BC – June 14, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 8,221 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, a decline of 7 per cent from the same month last year. The average MLS® residential price in the province was $707,829, a decline of 4.3 per cent from May 201 ...

FALLING HOME PRICES STILL UNAFFORDABLE

May 14th, 2019

Affordability Continues to Weigh on Housing Demand

Vancouver, BC – May 14, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,652 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, a decline of 18.9 per cent from the same month last year. The average MLS® residential price in the province was $685,304, a decline of 6.2 ...

Mortgage Stress Test Creating Pent-up Real Estate Demand

April 17th, 2019

Stress Test Creating Pent-up Demand

Vancouver, BC – April 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 5,707 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, a decline of 23 per cent from the same month last year. The average MLS® residential price in the province was $687,720, a decline of 5.4 per cent from ...

JOBS UP, SALES DOWN -STRESS TEST THE CULPRIT

March 13th, 2019

Mortgage Stress Test Continues to Dampen Home Sales in February

Vancouver, BC – March 13, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 4,533 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, a decline of 27 per cent from the same month last year. The average MLS® residential price in the province was $678,625, ...

BCREA REAL ESTATE FORECAST

February 25th, 2019
Housing Market Adjusts to Mortgage Stress Test


BCREA 2019 First Quarter Housing Forecast Update
 
   



Vancouver, BC – February 25, 2019. The British Columbia Real Estate Association (BCREA) released its 2019 First Quarter Housing Forecast Update today.
 
Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 2 per cent to 80,000 units this year, af ...

BCREA BLAMES STRESS TESTS FOR SLOW MARKET

February 15th, 2019

Policy-Induced Housing Slowdown Continues into 2019

Vancouver, BC – February 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 3,546 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January, a decline of 33.2 per cent from the same month last year. The average MLS® residential price in the province was $665,590, a declin ...

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