Stats for November – Below 10 Year Average

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Greater Vancouver residential property sale and listing activity below 10-year averages in November Over the past six months, the Greater Vancouver housing market has seen a reduction in the number of homes listed for sale, a gradual moderation in home prices and a decrease in property sales compared to historical averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,686 on the region’s … [Read more...]

Bank of Canada Interest Rate Announcement

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BCREA ECONOMICS NOW Bank of Canada Interest Rate Announcement - December 4, 2012 Following the surprise announcement that Mark Carney will be departing to helm the Bank of England, it was back to business as usual at the Bank of Canada as interest rates were once again held constant at 1 per cent. The statement released this morning in support of the interest rate decision noted that while the global economy appears to have stabilized, it still remains vulnerable to major shocks from the … [Read more...]

BC Home Sales Continue at Moderate Pace: BCREA stats

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The BCREA's Release of current home sales statistics. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC declined 14.6 per cent to $2.7 billion in October compared to the same month last year. A total of 5,276 MLS® residential unit sales were recorded over the same period, down 10 per cent from October 2011. The average MLS® residential price was $508,292, down 5.1 per cent from a year … [Read more...]

BCREA 4th Quarter Housing Forecast, 2012

2012- 10 Forecast chart

HOME SALES FORECAST TO GROW IN 2013! The British Columbia Real Estate Association (BCREA) released its 2012 Fourth Quarter Housing Forecast on October 26, 2012 BC Multiple Listing Service® (MLS®) residential sales are forecast to decline 9.8 per cent to 69,200 units this year, before increasing 8.3 per cent to 74,920 units in 2013. The fifteen-year average is 79,000 unit sales, while a record 106,300 MLS® residential sales were recorded in 2005. "Despite stronger consumer demand in the … [Read more...]

Video of BCREA stats Oct. 2012

bcrea podcast oct 2012

Housing Market Update (October 2012) Click on image to watch BCREA Chief Economist Cameron Muir discuss the September 2012 statistics … [Read more...]

BCREA News: Tighter Regulation Trims Home Sales

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The latest economic news from the BC Real Estate Association. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC declined 28.5 per cent to $2.2 billion in September compared to the same month last year. A total of 4,539 MLS® residential unit sales were recorded over the same period, down 24.3 per cent from September 2011. The average MLS® residential price was $494,213, down 5.6 per cent from a … [Read more...]

BCREA says: BC Home Sales to Rise in 2013

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Just released! the BCREA 2012 Third Quarter Housing Forecast Update The British Columbia Real Estate Association (BCREA) released its 2012 Third Quarter Housing Forecast Update today. BC Multiple Listing Service® (MLS®) residential sales are forecast to edge down 4 per cent to 73,400 units this year, before increasing 7.5 per cent to 78,900 units in 2013. Since 2009, MLS® residential sales in BC have ranged between 74,000 to 78,000 units. A record 106,300 MLS® residential sales were … [Read more...]

BC Home Sales Lower through June, Stronger Second Half Expected

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New report from the BCREA Vancouver, BC – July 12, 2012. The British Columbia Real Estate Association (BCREA) reports that during the first half of 2012, BC residential sales dollar volume declined 17.1 per cent to $20.4 billion, compared to the same period last year. Residential unit sales dipped 9 per cent to 38,312 units, while the average Multiple Listing Service® (MLS®) residential price was 8.9 per cent lower at $533,681. "The pace of home sales slowed during the first half of the … [Read more...]

March 2012 Housing Stats from REBGV

The President of the Real Estate Board of Greater Vancouver gives his overview of the statistics for last month … [Read more...]

REBGV Stats for January 2012

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Latest stats from the REBGV for January, 2012 Selection broadens and demand eases to kick off 2012 in the Greater Vancouver housing market Monday, February 6, 2012 VANCOUVER, BC – Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011. The Real Estate Board of Greater Vancouver (REBGV) reports … [Read more...]