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Blog by Don Kennedy

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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 ...

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 ...
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