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Blog by Don Kennedy

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2018: BC Housing Market Facing Headwinds

November 28th, 2017
Housing Market Facing Headwinds Despite Strong Economy  BCREA 2017 Fourth Quarter Housing Forecast Vancouver, BC – November 28, 2017. The British Columbia Real Estate Association (BCREA) released its 2017 Fourth Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 10.4 per cent to 91,700 units in 2018, after an exp ...

BC Home Sales Rise Despite Low Level of Supply

November 18th, 2017
BC Home Sales Rise Despite Low Level of Supply Vancouver, BC – November 14, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 8,677 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, an increase of 19.3 per cent from the same period last year. Total sales dollar volume was $6.25 billion, up 41.6 per cent from October ...

Vancouver West October House Market

November 9th, 2017
Stats 17 11.pdfAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release headlines the continuing Metro Vancouver Real Estate trend of exceeding 10 year sales averages as last month transcends that of October by 15 percent. Robust activity in the apartment and attached sectors (due in part to the upcoming tightening of mortgage qualification) ...

Vancouver East October House Market

November 9th, 2017
Stats 17 11.pdfAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release headlines the continuing Metro Vancouver Real Estate trend of exceeding 10 year sales averages as last month transcends that of October by 15 percent. Robust activity in the apartment and attached sectors (due in part to the upcoming tightening of mortgage qualification) ...

Vancouver West October Apartment Market

November 9th, 2017
Stats 17 11.pdfAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release headlines the continuing Metro Vancouver Real Estate trend of exceeding 10 year sales averages as last month transcends that of October by 15 percent. Robust activity in the apartment and attached sectors (due in part to the upcoming tightening of mortgage qualification) ...

Vancouver East October Apartment Market

November 9th, 2017
Stats 17 11.pdfAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release headlines the continuing Metro Vancouver Real Estate trend of exceeding 10 year sales averages as last month transcends that of October by 15 percent. Robust activity in the apartment and attached sectors (due in part to the upcoming tightening of mortgage qualification) ...

Vancouver East October Townhome Market

November 9th, 2017
Stats 17 11.pdfAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release headlines the continuing Metro Vancouver Real Estate trend of exceeding 10 year sales averages as last month transcends that of October by 15 percent. Robust activity in the apartment and attached sectors (due in part to the upcoming tightening of mortgage qualification) ...

Vancouver West October Townhome Market

November 9th, 2017
Stats 17 11.pdfAttached please find the latest statistics from the Real Estate Board of Greater Vancouver.The News Release headlines the continuing Metro Vancouver Real Estate trend of exceeding 10 year sales averages as last month transcends that of October by 15 percent. Robust activity in the apartment and attached sectors (due in part to the upcoming tightening of mortgage qualification) ...

BoC Rate Hike Next Week Unlikely

October 20th, 2017
BCREA ECONOMICS NOWCanadian Retail Sales and Inflation - October 20, 2017Canadian inflation, as measured by the Consumer Price Index (CPI), registered 1.6 per cent in the 12 months to September, up from 1.4 per cent in August.  The Bank of Canada's three measures of trend inflation were largely unchanged, averaging 1.6 per cent.   In BC, provincial consumer price inflation was 2.0 per cent in ...

BC September R.E. Up Annually But 2017 Under Performing 2016

October 18th, 2017
BC Home Sales Ratchet Higher in September Vancouver, BC – October 12, 2017. The . The British Columbia Real Estate Association (BCREA) reports that a total of 8,340 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, an increase of 9.9 per cent from the same period last year. Total sales dollar volume was $5.8 billion, up 30.2 per cent fr ...
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