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Blog by Don Kennedy

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Vancouver west condo market

January 12th, 2016
December 15 stats Attached please find the latest statistics from the Greater Vancouver Real Estate Board.   The News Release trumpets 2015 as history’s highest for home sales despite chronic low inventory.   December 2015 compared to the previous December residential sales increase 33.6 percent. The inventory of new listings last month is 7 percent higher than December 2014 but an ...

Vancouver west attached market

January 12th, 2016
December 15 stats Attached please find the latest statistics from the Greater Vancouver Real Estate Board.   The News Release trumpets 2015 as history’s highest for home sales despite chronic low inventory.   December 2015 compared to the previous December residential sales increase 33.6 percent. The inventory of new listings last month is 7 percent higher than December 2014 but an ...

Canada unlikely to copy US rate hike

December 19th, 2015
BCREA ECONOMICS NOWConsumer Price Index - December 2015The Consumer Price Index (CPI) rose 1.4 per cent in November compared to the same month last year. While the transportation component, which contains gasoline prices, edged lower, prices were up in seven of the eight major index components. The largest increase came from food prices, which rose 3.4 per cent. The Core CPI, which excludes t ...

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 ...

Vancouver west detached market

December 11th, 2015
15 November statisticsAttached please find the latest statistics from the Greater Vancouver Real Estate Board.The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

Vancouver east detached market

December 11th, 2015
15 November statisticsAttached please find the latest statistics from the Greater Vancouver Real Estate Board.The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

Vancouver west townhouse market

December 11th, 2015
15 November statisticsAttached please find the latest statistics from the Greater Vancouver Real Estate Board.The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

Vancouver west condo market

December 11th, 2015
15 November statisticsAttached please find the latest statistics from the Greater Vancouver Real Estate Board.The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

Vancouver east condo market

December 11th, 2015
15 November statisticsAttached please find the latest statistics from the Greater Vancouver Real Estate Board.The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

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 ...
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