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hot condo markets

(September 08, 2017, posted in BC Market Update)


The only thing hotter than the Lower Mainland weather this summer is the condo market, which saw scorching sales totals and price gains last month.

Condo sales were strongest in transit-friendly suburbs where condo buyers can purchase a slice of the urban lifestyle for a fraction of City of Vancouver prices.

In Greater Vancouver, the real estate board said first-time buyers drove sales gains as cond... read more.

elevated Home sale levels

(August 31, 2017, posted in BC Market Update)

The British Columbia Real Estate Association (BCREA) '2017 Third Quarter Housing Forecast' has just been released:


Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 10 per cent to 100,900 units this year, after reaching a record 112,209 units in 2016. Strong economic fundamentals are underpinning consumer demand and are expected to keep home sales at elevate... read more.

supply not keeping pace with demand

(June 13, 2017, posted in BC Market Update)


The British Columbia Real Estate Association (BCREA) reports that a total of 12,402 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, down 7.9 per cent from the same period last year. Total sales dollar volume was $9.33 billion, down 4.0 per cent from May 2017. The average MLS® residential price in the province was $752,536, a 4.2 per cent increase from the same... read more.

imbalance between supply & demand

(May 17, 2017, posted in BC Market Update)


The British Columbia Real Estate Association (BCREA) reports that a total of 9,865 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, down 23.9 per cent from the same period last year. Total sales dollar volume was $7.19 billion, down 25.4 per cent from April 2016. The average MLS® residential price in the province was $728,955, a 2 per cent decrease from the sa... read more.

then & now

(March 15, 2017, posted in BC Market Update)


The British Columbia Real Estate Association (BCREA) reports that a total of 6,580 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, down 31.7 per cent from the same period last year. Total sales dollar volume was $4.53 billion, down 39.7 per cent from February 2016. The average MLS® residential price in the province was $688,117, an 11.7 per cent decrease f... read more.