BC Housing Demand Remains Mixed in October

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

The British Columbia Real Estate Association (BCREA) reports that 7,272 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, down 16.7 per cent from the same month last year. Total sales dollar volume was $4.4 billion in October, down 24.2 per cent compared to the previous year. The average MLS® residential […]

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Victoria Real Estate Market Remains Strong All Summer

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

September 1, 2015, Victoria BC – The Victoria Real Estate Board today released its report on real estate activity for August 2015. A total of 741 properties sold in the Victoria Real Estate Board region this August, an increase of 21.7% compared to the 609 properties sold in the same month last year. “Consumer confidence […]

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BCREA 2015 Third Quarter Housing Forecast Update

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

BC Home Sales to Reach 100,00 Units in 2015 Vancouver, BC – August 18, 2015. The British Columbia Real Estate Association (BCREA) released its 2015 Third Quarter Housing Forecast Update today. For only the third time in BC, Multiple Listing Service® (MLS®) residential sales are expected to reach 100,000 units in 2015. Housing demand has […]

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CMHC Sees Low Level of Risk in Vancouver Housing Market and Moderate Amount in Toronto

& B.C. Real Estate, Blog Post, Economics.

The Canada Mortgage and Housing Corporation (CMHC) believes the housing market in Canada faces a moderate level of risk as local markets face very different pressures. The corporation’s House Price Analysis and Assessment (HPAA) framework looked at 12 Census Metropolitan Areas and analyzed four concerns: overheating, acceleration in the growth of house prices, overvaluation and overbuilding. […]

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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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