Don Kennedy (www.donkennedyrealtor.com): HomeBlog

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 ...

Posted in British Columbia

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, ...

Posted in British Columbia

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 ...

Posted in British Columbia

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 ...

Posted in British Columbia

BC government to offer down payment loans for first-time buyers

December 15th, 2016

BC government to offer down payment loans for first-time buyers Premier Christy Clark unveiled a new loan program today to help first-time home buyers come up with their down payment. The BC Home Owner Mortgage and Equity (HOME) Partnership program will offer qualifying home buyers loans of up to $37,500, interest and payment free, for five years. The province will begin accepting applic ...

Posted in British Columbia

BCREA Forecasts Higher Mortgage Rates Coming

December 13th, 2016

The BC Real Estate Association predicts that banks will raise their current offered rates on 5-year mortgages. Click to read more:BCREA mortgage rate forecast 16 12.pdf

Posted in British Columbia

BC Housing Demand Mixed in October

November 15th, 2016

BC Housing Demand Remains Mixed in October Vancouver, BC – November 15, 2016. The British Columbia Real Estate Association (BCREA) reports that 7,272 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, down 16.7 per cent from the same month last year. Total sales dollar volume was $4.4 billion in October, down 24.2 per cent compared to the p ...

Posted in British Columbia

BC Home Sales Reflect Regional Demand Variations

October 14th, 2016

BC Home Sales Reflect Regional Demand Variations Vancouver, BC – October 14, 2016. The British Columbia Real Estate Association (BCREA) reports that 7,591 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, down 11.2 per cent from the same month last year. Total sales dollar volume was $4.45 billion in September, down 14.1 per cent compared to the p ...

Posted in British Columbia

BC Real Estate Sales Up Year to Year, Some Price Relief

September 13th, 2016

BC Housing Demand Remains Strong Despite Fewer Vancouver Home Sales Vancouver, BC – September 13, 2016. The British Columbia Real Estate Association (BCREA) reports that 8,945 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, up 1.5 per cent from the same month last year. Total sales dollar volume was $5.1 billion in August, down 6.7 per cent compare ...

Posted in British Columbia

Despite BC Real Estate Slowdown No Big Correction Forecast

August 26th, 2016

Record BC Home Sale Forecast Despite Vancouver Slowdown BCREA 2016 Third Quarter Housing Forecast Update Vancouver, BC – August 25, 2016. The British Columbia Real Estate Association (BCREA) released its 2016 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to climb 10.4 per cent to a record 113,000 units thi ...

Posted in British Columbia

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2017 BC Budget Good News For First Time Buyers

Find Out Where The BC Real Estate Market Is Heading

BC Home Sales Return to Historic Average

2016 A Record Year for BC Real Estate

BC government to offer down payment loans for first-time buyers

BCREA Forecasts Higher Mortgage Rates Coming

BC Housing Demand Mixed in October

BC Home Sales Reflect Regional Demand Variations

BC Real Estate Sales Up Year to Year, Some Price Relief

Despite BC Real Estate Slowdown No Big Correction Forecast

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