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BC Home Sales Sizzle at Record Pace

March 15th, 2016

Vancouver, BC – March 14, 2016. The British Columbia Real Estate Association (BCREA) reports that a total of 9,637 residential unit sales were recorded by the Multiple Listing Service® (MLS®) last month, up 44.7 per cent from February of last year. This smashed the previous record of 8,157 unit sales for the month of February recorded in 1992. Total sales dollar volume was $7 ...

Posted in British Columbia

Jobs in February

March 11th, 2016

Canadian Employment - March 11, 2016Employment in Canada was unchanged in February as gains in part-time work offset a decline in full-time jobs. The national unemployment rate rose 0.1 points to 7.3 per cent, the highest rate of unemployment in three years. BC was the only province that saw job growth in February. Employment was up by 14,000 jobs and was 3 per cent higher than one year ago, ...

Posted in British Columbia

2016 BC Real Estate market off to a strong start

February 17th, 2016

Homes Sales Off to a Strong Start in 2016 Vancouver, BC – Februay 12, 2016. The British Columbia Real Estate Association (BCREA) reports that a total of 5,831 residential unit sales were recorded by the Multiple Listing Service® (MLS®) last month, up 33.2 per cent from January of last year. Total sales dollar volume was $4.39 billion in January, up 69.1 per cent compared to the ...

Posted in British Columbia

2015 BC manufacturing positive

February 17th, 2016

BCREA ECONOMICS NOWCanadian Manufacturing Sales - February 16, 2016Some good news for the Canadian economy this morning as Statistics Canada reported manufacturing sales increased 1.2 per cent in December, the second consecutive monthly advance. Sales were led higher by gains in the motor vehicle, wood product and chemical product industries. However, for all of 2015, manufacturing sales wer ...

Posted in British Columbia

How strong will the BC Real Estate Market be in 2016?

February 1st, 2016

Strong Housing Demand Forecast Through 2017BCREA 2016 First Quarter Housing Forecast Update Vancouver, BC – January 28, 2016. The British Columbia Real Estate Association (BCREA) released 2016 First Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) rresidential sales in the province are forecast to edge back 6.2 per cent to 96,100 units this year, after reach ...

Posted in British Columbia

Like Vancouver so goes the rest of the province in 2015

January 15th, 2016

December Smashes Home Sales Record and 2015 Enters Record Book Vancouver, BC – January 15, 2016. The British Columbia Real Estate Association (BCREA) reports that a record number of home sales were recorded in the province for the month of December. A total of 6,590 residential unit sales were recorded by the Multiple Listing Service® (MLS®) last month, up 29.8 per cent ...

Posted in British Columbia

Second Strongest BC Home Sales on Record

December 14th, 2015

November Home Sales Second Strongest on Record Vancouver, BC – December 14, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 8,032 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, up 34.5 per cent from the same month last year. Total sales dollar volume was $5.38 billion, up 56.4 per cent compared to the ...

Posted in British Columbia

The effect on BC of down payment jump

December 11th, 2015

BCREA ECONOMICS NOWCanadian Government Change to Minimum Down Payment on Insured Mortgages - December 11, 2015Policy ChangeThe Canadian government announced today that it is increasing the minimum down payment on insured mortgages from 5 per cent to a two tiered system under which the minimum down payment on houses priced above $500,000 will remain at 5 per cent, but there will be an addition ...

Posted in British Columbia

BCREA Mortgage Rate Forecast

December 10th, 2015

BC Real Estate Association's latest Mortgage Rate Forecast has been released.The highlights include:Qualifying rate steady but offered rates moving higher Canadian economy bounces back from first half contraction Bank of Canada moves to the sidelines in 2016 Mortgage Rate Forecast 15 12

Posted in British Columbia

2016 BC housing forcast

November 10th, 2015

Housing Demand to Ease but Remain Elevated in 2016BCREA 2015 Fourth Quarter Housing Forecast Vancouver, BC – November 10, 2015. The British Columbia Real Estate Association (BCREA) released its 2015 Fourth Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are projected to surpass 100,000 units this year. This level of home ...

Posted in British Columbia

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BC Home Sales Sizzle at Record Pace

Jobs in February

2016 BC Real Estate market off to a strong start

2015 BC manufacturing positive

How strong will the BC Real Estate Market be in 2016?

Like Vancouver so goes the rest of the province in 2015

Second Strongest BC Home Sales on Record

The effect on BC of down payment jump

BCREA Mortgage Rate Forecast

2016 BC housing forcast

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