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Blog by Don Kennedy

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BC housing starts near record pace

July 11th, 2016
BCREA ECONOMICS NOWCanadian Housing Starts - July 11, 2016Canadian housing starts increased 17 per cent in June to 218,333 units at a seasonally adjusted annual rate (SAAR).   The six-month trend in Canadian housing starts of roughly 198,000 moved higher as well and is slightly above growth in Canadian households. Housing starts in BC continued on a near record setting pace, up close to 40 pe ...

BC only province to record a gain in jobs in June.

July 8th, 2016
BCREA ECONOMICS NOWCanadian and US Employment - July 8, 2016Canadian employment was virtually unchanged in June as the economy shed 700 jobs. The national unemployment rate moved slightly lower, falling by 0.1 points to 6.8 per cent  BC was the only province to record a gain in jobs in the month of June, adding 16,000 jobs. The provincial unemployment rate remained the lowest in the country a ...

See what is next with Vancouver home prices

June 24th, 2016
Latest BCREA Market Intelligence Report

If You Build It They Will Buy

June 15th, 2016
Record Home Sales Creates Wave of New Home Construction Vancouver, BC – June 15, 2016. The British Columbia Real Estate Association (BCREA) reports that a record 13,458 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, up 32.3 per cent from the same month last year. Home sales last month exceeded April’s record of 12,969 units. Total sales dol ...

Vancouver West Houses

June 9th, 2016
May StatisticsAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result ...

Vancouver East Houses

June 9th, 2016
May StatisticsAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result ...

Vancouver East Apartments

June 9th, 2016
May StatisticsAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result ...

Vancouver West Apartments

June 9th, 2016
May StatisticsAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result ...

Vancouver West Townhomes

June 9th, 2016
May StatisticsAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release echoes this year’s mantra of excellence as May 2016 ranks highest on record for sales in that month. Compared to the previous May, last month Metro Vancouver residential sales rise 17.6 percent. Supply of all types of property is consistently outpaced by demand. The result ...

US employment numbers mean steady mortgage rates in Canada

June 3rd, 2016
BCREA ECONOMICS NOWUS Employment - June 3, 2016US Non-farm payrolls came in at just 38,000 jobs for the month of May, well below expectations and a significant slowdown from the trend of 200,000 jobs per month set over the previous three months.  A slip in overall labour force participation pushed the national unemployment rate down to 4.7 per cent in spite of disappointing job growth. A slow ...
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