unprecedented real estate market trends

September 9th, 2020
The latest BCREA Market Intelligence Report, The Unusal Work of Pandemic Economics, points to uneven job losses across sectors, an increase in many households’ rate of savipoints to uneven job losses across sectors, an increase in many households’ rate of savings, swift government aid, a tighter-than-ever housing supply and low interest rates as the drivers behind BC’s recent housing market h ...

expect home sales to re-bound

June 10th, 2020
The BC housing market was set to record a relatively normal year in 2020.

However, hopes for a return to normal were upended by a worldwide pandemic that has thrown a blanket of uncertainty over the entire global economy.  With much of the economy at a standstill, and households and the real estate sector adhering to social distancing, activity in the housing market has slowed dramatically.

Vi ...

BC Real Estate

December 17th, 2019
Here's a round-up of various industry groups BC housing predictions for 2020:

Last year, real estate pundits predicted that sales in 2019 would rebound after a soft 2018. And they were partially right, although it ended up happening too late in the year for the full-year total to be described as a recovery.

So what are the various real estate industry organizations and brokerages predicting f ...

Housing Market Update

April 17th, 2019

BC home sales fell 23% year over year in March to 5700 units as BC home sales continue continue to be adversely impacted by federal mortgage policy.  The erosion of affordability caused by the B20 Stress Test has created near recession level housing demand despite the province boasting the lowest employment rates in a decade.

Total active listings on the market were up 36% from the same mon ...

2019 forecasts for b.c.'s real estate

January 1st, 2019
2018 was an extremely taxing – quite literally – year for B.C. real estate, in which taxation measures and other government interventions slowed down market activity considerably and creating a softening in average sale prices.

So what will the forthcoming year hold? A further sales slowdown, a plateau, or a recovery? Falling or rising prices?

As ever, industry organizations, brokerages and ...