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Blog by Don Kennedy

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BC Home Sales Show Little Change in April

May 14th, 2018
BC Home Sales Show Little Change in April Vancouver, BC – May 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 8,203 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in April, a 16.8 per cent decrease from the same month last year. The average MLS® residential price in BC was $730,507, up 0.2 per cent ...

BC UNEMPLOYMENT UP UNDER NEW GOVERNMENT

May 12th, 2018
BCREA ECONOMICS NOWCanadian Employment - May 11, 2018Canadian employment was essentially unchanged in April on a monthly basis but up 1.5 per cent compared to 1 year ago. The national unemployment rate remained unchanged at 5.8 per cent and total hours worked across the economy grew by 1.9 per cent.In BC, employment grew by 2,900 jobs. With the economy close to its full-employment level, part ...

VANCOUVER WEST APRIL HOUSE MARKET

May 5th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release laments the softest April since 2001 with sales 22.5 percent below the ten year average for that month. Buyers have more selection but are hamstrung by lower purchasing power under new mortgage requirements. Last month total residential sales decline 27.4 percent compared to April ...

VANCOUVER EAST APRIL HOUSE MARKET

May 5th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release laments the softest April since 2001 with sales 22.5 percent below the ten year average for that month. Buyers have more selection but are hamstrung by lower purchasing power under new mortgage requirements. Last month total residential sales decline 27.4 percent compared to April ...

VANCOUVER WEST APRIL APARTMENT MARKET

May 5th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release laments the softest April since 2001 with sales 22.5 percent below the ten year average for that month. Buyers have more selection but are hamstrung by lower purchasing power under new mortgage requirements. Last month total residential sales decline 27.4 percent compared to April ...

VANCOUVER EAST APRIL APARTMENT MARKET

May 5th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release laments the softest April since 2001 with sales 22.5 percent below the ten year average for that month. Buyers have more selection but are hamstrung by lower purchasing power under new mortgage requirements. Last month total residential sales decline 27.4 percent compared to April ...

VANCOUVER EAST APRIL TOWNHOME MARKET

May 5th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release laments the softest April since 2001 with sales 22.5 percent below the ten year average for that month. Buyers have more selection but are hamstrung by lower purchasing power under new mortgage requirements. Last month total residential sales decline 27.4 percent compared to April ...

VANCOUVER WEST APRIL TOWNHOME MARKET

May 5th, 2018
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.   The News Release laments the softest April since 2001 with sales 22.5 percent below the ten year average for that month. Buyers have more selection but are hamstrung by lower purchasing power under new mortgage requirements. Last month total residential sales decline 27.4 percent compared to April ...

BANK RATE GOING UP?

April 18th, 2018
BCREA ECONOMICS NOWBank of Canada Interest Rate Announcement - April 18, 2018The Bank of Canada decided to leave the target for the overnight policy rate unchanged at 1.25 per cent this morning. In the statement accompanying the decision, the Bank noted that inflation is forecast to be slightly higher in 2018 than originally expected but will return to the Bank's 2 per cent target once the im ...

Housing Starts Fall Nationally, Not So In BC

April 10th, 2018
BCREA ECONOMICS NOWCanadian Housing Starts - April 10, 2018Canadian housing starts fell 3 per cent on a monthly basis in march to 225,213 units at a seasonally adjusted annual rate (SAAR).  The six-month trend in Canadian housing starts was steady at about 226,000 units SAAR.In BC, total housing starts jumped 48 per cent on a monthly basis to 46,629 units SAAR with multiple unit starts rising ...
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