BCREA Economics Now- Canadian Housing Starts

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

Canadian housing starts fell 3 per cent in November to 192,235 units at a seasonally adjusted annual rate (SAAR).  The trend in Canadian new home construction declined slightly to 194,014 units SAAR over the past six months, a rate that is slightly higher than demographic demand suggests is needed.  On a year-over-year basis, housing starts […]

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Victoria Real Estate Sales Moderate in November; Overall Prices Remain Flat

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

VICTORIA BC – Greater Victoria real estate sales moderated in November following a brisk June-to-October market. According to the Victoria Real Estate Board (VREB) MLS® System, 412 properties sold compared to 366 in November 2012, an increase of 12.6 per cent. “We saw market activity slow down after a very busy five months,” says Victoria […]

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BCREA News- BC Commercial Leading Indicator Points to Growth in 2014

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

Vancouver, BC – November 28, 2013. The British Columbia Real Estate Association (BCREA) Commercial Leading Indicator (CLI) rose for the third consecutive quarter, increasing 0.4 points in the third quarter of 2013 to 114.1. On a year-over-year basis, the CLI is 0.8 per cent above the third quarter of 2012 after reaching an all-time high […]

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BCREA ECONOMICS NOW- Canadian Monthly GDP

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

The Canadian economy expanded 0.3 per cent in August, building off of 0.6 per cent growth in July. Nearly all major industrial sectors registered growth in August, led by oil and gas and major Canadian service sectors like retail and wholesale trade. With today’s release, we now have two months of GDP data for the […]

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