Housing Market Ends Year in Balanced Conditions

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

Vancouver, BC – December 12, 2014. The British Columbia Real Estate Association (BCREA) reports that a total of 5,972 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, up 8.8 per cent from November 2013. Total sales dollar volume was $3.4 million, an increase of 12.1 per cent compared to a year ago. The […]

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Commercial Real Estate Gains Momentum in BC

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

Vancouver, BC – December 1, 2014.  The BCREA Commercial Leading Indicator (CLI) rose 1.4 index points to a new record high of 118.4, surpassing the previous high of 117.1 set in the second quarter of 2014. “Momentum has been building in sectors most important to commercial real estate,” said BCREA Economist Brendon Ogmundson, “That momentum […]

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Builders Alert on large parcel of land in Metchosin

& BC Real Estate Update, Blog Post, Victoria Real Estate Update.

Builders alert-3.2 ac land parcel in Metchosin. Land is partly prepped for large home in the very beginning of construction and your opportunity to complete the home with your personal touches. A private lot set high on a hill with trees surrounding you. A rural setting in the community of Metchosin and a short drive […]

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Year-to-Date Home Sales Eclipse 2013 Annual Total

& BC Real Estate Update, Blog Post, Victoria Real Estate Update.

The British Columbia Real Estate Association (BCREA) reports that a total of 7,648 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, up 14.6 per cent from October 2013. Total sales dollar volume was $4.4 billion, an increase of 22 per cent compared to a year ago. The average MLS® residential […]

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BCREA Economics Now- Canadian and US Employment

& BC Real Estate Update, Blog Post, Victoria Real Estate Update.

October was another big month for job growth as the Canadian economy added 43,000 jobs. The national unemployment rate dropped 0.3 points to 6.5 per cent, the lowest rate since November 2008. Total hours worked, which is closely associated with economic growth, rose 0.4 per cent. In BC, employment grew by 4,600 jobs in October. […]

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BCREA News- Bank of Canada Interest Rate Decision

& BC Real Estate Update, Blog Post.

The Bank of Canada once again chose to maintain it’s target for the overnight rate at 1 per cent this morning. In the statement accompanying the decision, the Bank noted that core inflation, which excludes volatile prices such as energy and food, has risen more rapidly than expected due to unexpected sector-specific factors while CPI […]

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Home Prices Surge in Canada’s Biggest Cities Mask an Otherwise Temperate National Market

& BC Real Estate Update, Prestigious, Victoria Real Estate Update.

Royal LePage forecasts steady price gains for the full year, inventory shortages in large cities continue  TORONTO, July 9, 2014 – With the harsh winter now a fading memory, the average price of a home in Canada increased between 3.9 and 5.2 per cent in the second quarter of 2014. Prices are expected to increase […]

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Consumer Housing Depand Strong in May – Real Estate BC

& BC Real Estate Update, Prestigious, Victoria Real Estate Update.

Strongest May for Home Sales Since 2007 Vancouver, BC – June 13, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 8,729 residential sales were recorded by the Multiple Listing Service® (MLS®) in May, up 13.9 per cent from May 2013. Total sales dollar volume was $4.9 billion, an increase of […]

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