blog

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.

Real estate slowdown?

(August 25, 2016, posted in BC Market Update)


Just released is the the British Columbia Real Estate Association (BCREA) 2016 Third Quarter Housing Forecast Update.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to climb 10.4 per cent to a record 113,000 units this year, eclipsing the previous record of 106,310 units in 2005. Housing demand is expected to moderate next year, with home sales declining nearly 8 pe... read more.

real estate assignment agreements

(March 18, 2016, posted in BC Market Update)


Premier Christy Clark announced this morning that her government will create “new rules” within existing legislation to address assignment agreements.

These rules will require informed consent from the original seller, and for the profits from assignments to revert to the original seller.

These rules are under development and not yet in force. The government will rely on the findings that come fro... read more.

home sale spin-offs

(July 13, 2015, posted in BC Market Update)


Every MLS® transaction generates spin-offs, creates jobs and keeps our communities growing.


How much does this amount to?
In BC, a single home sale generates $64,500 in economic spin-offs and 0.48 jobs, according to the Canadian Real Estate Association.

Last year, 33,116 properties were sold by REALTORS® on the MLS® system, generating $2,136 billion in economic spin-off activity and 16,277 jobs.

Jobs... read more.