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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, ...

Posted in British Columbia

Housing Market Reacts to Mortgage Stress Test

August 20th, 2018

Housing Market Reacts to Mortgage Stress Test BCREA 2018 Third Quarter Housing Forecast Update Vancouver, BC – August 20, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 per cent to 82,000 units this year, after record ...

Posted in British Columbia

GOOD SUMMER FOR BC HOME BUYERS

August 13th, 2018

Summer Home Sales Slow to a Simmer Vancouver, BC – August 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,055 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in July, a 23.9 per cent decrease from the same month last year. The average MLS® residential price in BC was $695,990, down 0.4 per cent from ...

Posted in British Columbia

A Return to Balance for BC Housing Market

July 13th, 2018

A Return to Balance for BC Housing Market Vancouver, BC – July 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,884 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in June, a 32.5 per cent decrease from the same month last year. The average MLS® residential price in BC was $716,326, down 1.3 per cent ...

Posted in British Columbia

Mortgage Policy Changes Hit Affordability Hard

June 15th, 2018

Vancouver, BC – June 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in May, a 28.7 per cent decrease from the same month last year. The average MLS® residential price in BC was $739,783, down 1.7 per cent from May 2017. Total sales dollar volume ...

Posted in British Columbia

BCREA 2018 Second Quarter Forecast Sees Housing Slowdown

May 31st, 2018

Slower Growth Expected for Economy and Housing Market BCREA 2018 Second Quarter Housing Forecast Update Vancouver, BC – May 31, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 Second Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 9 per cent to 94,200 units this year, after postin ...

Posted in British Columbia

BC Home Sales Show Little Change in April

May 14th, 2018

BC Home Sales Show Little Change in April Vancouver, BC – May 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 8,203 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in April, a 16.8 per cent decrease from the same month last year. The average MLS® residential price in BC was $730,507, up 0.2 per cent ...

Posted in British Columbia

BC UNEMPLOYMENT UP UNDER NEW GOVERNMENT

May 12th, 2018

BCREA ECONOMICS NOWCanadian Employment - May 11, 2018Canadian employment was essentially unchanged in April on a monthly basis but up 1.5 per cent compared to 1 year ago. The national unemployment rate remained unchanged at 5.8 per cent and total hours worked across the economy grew by 1.9 per cent.In BC, employment grew by 2,900 jobs. With the economy close to its full-employment level, part ...

Posted in British Columbia

Housing Starts Fall Nationally, Not So In BC

April 10th, 2018

BCREA ECONOMICS NOWCanadian Housing Starts - April 10, 2018Canadian 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 ...

Posted in British Columbia

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 ...

Posted in British Columbia

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Slow September for BC Home Sales

Housing Market Reacts to Mortgage Stress Test

GOOD SUMMER FOR BC HOME BUYERS

A Return to Balance for BC Housing Market

Mortgage Policy Changes Hit Affordability Hard

BCREA 2018 Second Quarter Forecast Sees Housing Slowdown

BC Home Sales Show Little Change in April

BC UNEMPLOYMENT UP UNDER NEW GOVERNMENT

Housing Starts Fall Nationally, Not So In BC

BCREA Report: The Economic Fallout of Housing Price Shocks

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