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Blog by Don Kennedy

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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 ...

SALES EXPANSION STYMIED BY RECORD LOW INVENTORY

May 15th, 2017
BC Home Sales Turn Higher, Inventories at 20-Year Low Vancouver, BC – May 15, 2017. The British Columbia Real Estate Association (BCREA) that a total of 9,865 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, down 23.9 per cent from the same period last year. Total sales dollar volume was $7.19 billion, down 25.4 per cent from April 2016. T ...

BC Real Estate Back To Normal In February

March 20th, 2017
February Home Sales Reflect Typical Consumer Demand Vancouver, BC – March 15, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 6,580 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, down 31.7 per cent from the same period last year. Total sales dollar volume was $4.53 billion, down 39.7 per cent from February 2016 ...

2017 BC Budget Good News For First Time Buyers

February 22nd, 2017
Vancouver, BC – February 22, 2017. On the heels of multiple government announcements in 2016 and early 2017, the British Columbia Real Estate Association (BCREA) welcomes the latest: an increase in the Property Transfer Tax exemption threshold for first-time buyers, announced in Budget 2017. The increase, to $500,000 from $475,000, takes effect today. BCREA appreciates this governmen ...

Find Out Where The BC Real Estate Market Is Heading

February 19th, 2017
Economy, Population Growth Support Housing Demand Through 2018  BCREA 2017 First Quarter Housing Forecast Update Vancouver, BC – February 17, 2017. The British Columbia Real Estate Association (BCREA) released its 2017 First Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 14.1 per cent to 96, ...

BC Home Sales Return to Historic Average

February 16th, 2017
  Vancouver, BC – February 15, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 4,487 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January, down 23 per cent from the same period last year. Total sales dollar volume was $2.79 billion, down 36.5 per cent from January 2016. The average MLS® residential price in t ...

2016 A Record Year for BC Real Estate

January 13th, 2017
BC Home Sales Post Record Year Vancouver, BC – January 13, 2017. The British Columbia Real Estate Association (BCREA) reports that a record 112,209 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2016, an increase of 9.5 per cent from the previous year. Total sales dollar volume was a record $77.6 billion, up 18.8 per cent from 2015. The average ML ...

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