Strong Growth Expected for Commercial Real Estate Sector in 2015

& B.C. Real Estate, BC Real Estate Update, Blog Post, Buying or Leasing Commercial Property.

The BCREA Commercial Leading Indicator (CLI) rose 0.8 index points to 119.8, the fourth consecutive quarterly increase. The continued advance in the CLI trend points to optimism surrounding the economic environment underlying the commercial real estate market. “Rising consumer confidence combined with a lower value of the loonie and a strengthening US economy helped to […]

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BC Expected to Lead Provinces in Economic Growth in 2015, says Conference Board of Canada

& B.C. Real Estate, BC Real Estate Update, Blog Post, Economics, Statistics.

 British Columbia’s economy is expected to advance by a nation-leading three per cent this year, according to a new report from the Conference Board of Canada. “British Columbia will be among the economic growth leaders, with Manitoba and Ontario, over the next two years,” said Marie-Christine Bernard, the board’s associate director, in a release. “The […]

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Canada’s Reaction to Market

& B.C. Real Estate, Banking, BC Real Estate Update, Blog Post, Canadian Real Estate, Economics, Statistics, Victoria Real Estate Update.

Canadian existing home sales experienced a monthly drop of 3.1 per cent in January over December, according to a report published yesterday by the Canadian Real Estate Association (CREA). Demand dropped in 60 per cent of Canada’s major markets, but it was oil producing provinces that took the biggest hit. The Alberta and Saskatchewan markets […]

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Consumer Demand in 2014 Strongest in Five Years

& BC Real Estate Update, Blog Post.

Vancouver, BC – January 13, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 84,049 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2014, up 15.2 per cent from 2013. After lagging for several years, BC home sales eclipsed the ten-year average of 82,000 units and the […]

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OPEN HOUSE! Sat 17, 1-3pm 409-1400 Lynburne Place

& B.C. Real Estate, BC Real Estate Update, Blog Post, Buying a Home, Canadian Real Estate, New Listing, Selling a Home, Victoria BC, Victoria Real Estate Info, Victoria Real Estate Update.

OPEN HOUSE! Sat, Jan 17, 1-3: Live life as it was intended at Finlayson Reach! The wonderfully maintained 2 bed 2 bath condo shows pride of ownership. Well appointed kitchen will make cooking a joy. Granite counter tops, gas range and plenty of counter space. Open concept perfect for entertaining. Large deck over looking the […]

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BCREA ECONOMICS NOW – Canadian Inflation

& BC Real Estate Update, Blog Post.

December 19, 2014 –  Canadian inflation ticked 0.4 points lower to 2 per cent in the 12 months to November as falling energy prices slowed the increase in aggregate consumer prices.  In particular, gas prices fell 5.9 per cent year-over-year and 7.5 per cent from October, their fifth consecutive monthly decline. The Bank of Canada’s […]

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Good News for Stratas: Civil Resolution Tribunal Update

& B.C. Real Estate, BC Real Estate Update, Blog Post.

It’s been under development for some time, and now the Civil Resolution Tribunal (CRT) is really starting to take shape. The CRT is a long-awaited voluntary mechanism to resolve many strata and small claims disputes. The CRT is scheduled to launch in 2015, and will be available 24/7 online. High-level descriptions of the process and the […]

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