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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 ...

Posted in British Columbia

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 ...

Posted in Vancouver Market

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 ...

Posted in Vancouver Market

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 ...

Posted in Vancouver Market

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 ...

Posted in Vancouver Market

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 ...

Posted in Vancouver Market

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 ...

Posted in General

BCREA 2nd Q BC housing forecast

June 2nd, 2016

Record Breaking Housing Demand Sweeps BC BCREA 2016 Second Quarter Housing Forecast Vancouver, BC – June 2, 2016. The British Columbia Real Estate Association (BCREA) released its 2016 Second Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to climb 12.3 per cent to a record 115,200 units this year, eclipsing ...

Posted in British Columbia

BC economy expected to expand at twice the national average

June 1st, 2016

BCREA ECONOMICS NOWCanadian Economic Growth (Q1'2016) - May 31, 2016The Canadian economy rebounded from a sluggish end to 2015, with real GDP (economic output adjusted for inflation) growing at a 2.4 per cent at an annualized rate in the first quarter of this year, well short of the 3 per cent growth expected by most economists. Economic growth was led by a rise in exports, residential invest ...

Posted in British Columbia

Bank rate stands pat... for now.

May 28th, 2016

Bank of Canada Interest Rate Announcement - May 25, 2016 The Bank of Canada announced this morning that it is maintaining its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank cited that inflation and economic growth were evolving roughly in-line with expectations, though household vulnerability to economic shocks has moved higher due to ...

Posted in General

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Don Kennedy - Sutton West Coast Realty

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If You Build It They Will Buy

Vancouver West Houses

Vancouver East Houses

Vancouver East Apartments

Vancouver West Apartments

Vancouver West Townhomes

US employment numbers mean steady mortgage rates in Canada

BCREA 2nd Q BC housing forecast

BC economy expected to expand at twice the national average

Bank rate stands pat... for now.

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