“BC Home Sales Trend Higher” says BCREA

BC residential Nov

Most recent stats from the BC Real Estate Association. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 36 per cent to 5,507 units in October compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province increased 2 per cent in October from September 2010. The average MLS® residential price climbed 6 per cent to $521,859 in October compared to the … [Read more...]

Home sales remain steady in Greater Vancouver: REBGV

Stats round-up from the REBGV for October 2010 Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling. According to the MLSLink® Housing Price Index (HPI), the benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 4.6 per cent to … [Read more...]

Market Conditions Beginning to Improve Says BCREA

Housing Market Conditions, 2010 Oct.

For immediate release Vancouver, BC – October 13, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 36 per cent to 5,511 units in September compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province increased 2 per cent in September from August 2010. The average MLS® residential price climbed 4 per cent to $493,846 in September compared … [Read more...]

Best Mortgage Rates

aug 17 best rates

Thanks to Graham Connor (www.grahamconnor.com) … [Read more...]

BC Home Sales Expected to Rise in 2011

MLSSalesChart

Housing Forecast Update - Third Quarter 2010 BC housing markets are returning to typical post-recession demand patterns. The dramatic rebound in consumer demand during 2009 and subsequent decline during the first two quarters of 2010 has set the stage for a gradual increase in home sales during the fall and through 2011. Residential unit sales through the Multiple Listing Service® (MLS®) in BC are forecast to decrease 7 per cent to 79,500 units in 2010, before climbing 5 per cent to … [Read more...]

BCREA: Home Buyers in Driver’s Seat

aug bcrea

Latest Update from the BCREA: The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 42 per cent to 5,784 units in July compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 19 per cent in July from June 2010. The average MLS® residential price climbed 6 per cent to $491,832 in July compared to the same month last year. "A relatively … [Read more...]

Homebuyers and sellers less active in July: REBGV

housing price index july 2010

New Report from the Real Estate Board of Greater Vancouver: Home sales activity in Greater Vancouver was quieter last month than most Julys over the past decade, with residential sales, prices, and the number of homes listed for sale trending downward in recent months. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,255 in July 2010. This represents a 45.2 per cent decline from the 4,114 sales in … [Read more...]

BCREA Mortgage Rate Forecast

More Timely Predictions from the BC Real Estate Association By Cameron Muir, Chief Economist and Brendon Ogmundson, Economist, British Columbia Real Estate Association The Canadian economy grew at the exceptional pace of 6.1% in the first quarter of 2010, propelled by a booming housing market, strong consumer spending and the rebuilding of private sector inventories. Moreover, growth in the second quarter of 2010, while not expected to register the sizzling pace of the previous six … [Read more...]

August Home Sales up 66% Compared to Last Year: BCREA

Aug 09 MLS chart

Here's some good news from the British Columbia Real Estate Association: August Home Sales Continue at Brisk Pace Vancouver, BC – September 11, 2009. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 66 per cent to 8,565 units in August compared to the same month last year. The average MLS® residential sales price in the province climbed 12 per cent to $471,078 from $421,685 in August … [Read more...]

Real Estate Board Sales Stats to February

The Real Estate Board of Greater Vancouver released the following statistics for January and February of 2009 for Vancouver West Side: In February, 09, Listings were as follows: Houses – 203  with 49% sales to listings; Townhomes – 113 with 33% sales to listings; Apartments – 588   with 42% sales to listings. Compare this with January, 09: Houses – 195   with 24% sales to listings; Townhomes – 125  with 11% sales to listings; Apartments – 600  with 20% sales to … [Read more...]