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Blog by Don Kennedy

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A Return to Balance for BC Housing Market

July 13th, 2018
A Return to Balance for BC Housing Market Vancouver, BC – July 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,884 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in June, a 32.5 per cent decrease from the same month last year. The average MLS® residential price in BC was $716,326, down 1.3 per cent ...

VANCOUVER WEST JUNE HOUSE MARKET

July 9th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release starts the summer beating the heat as June mimics previous months in 2018. Comparatively it’s not so hot. Supply is compounding to a three year high while demand is shrinking due to the latest usual suspects: interest rates, strict mortgage rules and high prices. These roadblocks f ...

VANCOUVER EAST JUNE HOUSE MARKET

July 9th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release starts the summer beating the heat as June mimics previous months in 2018. Comparatively it’s not so hot. Supply is compounding to a three year high while demand is shrinking due to the latest usual suspects: interest rates, strict mortgage rules and high prices. These roadblocks f ...

VANCOUVER WEST JUNE TOWNHOME MARKET

July 9th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release starts the summer beating the heat as June mimics previous months in 2018. Comparatively it’s not so hot. Supply is compounding to a three year high while demand is shrinking due to the latest usual suspects: interest rates, strict mortgage rules and high prices. These roadblocks f ...

VANCOUVER EAST JUNE TOWNHOME MARKET

July 9th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release starts the summer beating the heat as June mimics previous months in 2018. Comparatively it’s not so hot. Supply is compounding to a three year high while demand is shrinking due to the latest usual suspects: interest rates, strict mortgage rules and high prices. These roadblocks f ...

VANCOUVER WEST JUNE APARTMENT MARKET

July 9th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release starts the summer beating the heat as June mimics previous months in 2018. Comparatively it’s not so hot. Supply is compounding to a three year high while demand is shrinking due to the latest usual suspects: interest rates, strict mortgage rules and high prices. These roadblocks f ...

VANCOUVER EAST JUNE APARTMENT MARKET

July 9th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release starts the summer beating the heat as June mimics previous months in 2018. Comparatively it’s not so hot. Supply is compounding to a three year high while demand is shrinking due to the latest usual suspects: interest rates, strict mortgage rules and high prices. These roadblocks f ...

B of C JULY RATE HIKE MORE LIKELY THAN NOT

June 29th, 2018
BCREA ECONOMICS NOWCanadian Monthly GDP (April) - June 29, 2018Canadian real GDP rose 0.1 per cent in April with 12 of 20 industrial sectors posting growth in output. The manufacturing sector was a main contributor to overall growth in real GDP, expanding its output by 0.8 per cent in April while offices of real estate agents and broker was up 0.3 per cent, the industry's first positive growt ...

BCREA Mortgage Rate Forecast Now Available

June 22nd, 2018
Highlights:• Mortgages rates returning to long-run level• B20 stress test prompts slow start to 2018   for the Canadian economy• Trump trade tantrum may delay Bank of Canada tightening

Mortgage Policy Changes Hit Affordability Hard

June 15th, 2018
  Vancouver, BC – June 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in May, a 28.7 per cent decrease from the same month last year. The average MLS® residential price in BC was $739,783, down 1.7 per cent from May 2017. Total sales dollar volume ...
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