Tag Archives: BC Real Estate Association

The Bank of Canada once again chose to maintain it’s target for the overnight rate at 1 per cent this morning. In the statement accompanying the decision, the Bank noted that core inflation, which excludes volatile prices such as energy and food, has risen more rapidly than expected due to unexpected sector-specific factors while CPI  Continue Reading »

Canada’s seemingly unstoppable surge in housing sales and price growth may slow down soon according to a new report from RBC Economics. “Strained affordability” and rising interest rates are expected to cool down sales in the market in 2015 while prices will decrease substantially. While resales will still see an increase of 2.1 per cent  Continue Reading »

Vancouver, BC – June 13, 2014.  The British Columbia Real Estate Association (BCREA) reports that a total of 8,729 residential sales were recorded by the Multiple Listing Service® (MLS®) in May, up 13.9 per cent from May 2013. Total sales dollar volume was $4.9 billion, an increase of 20.6 per cent compared to a year  Continue Reading »

The Victoria Real Estate Board today released its monthly report on real estate activity in the Victoria area for May 2014. 714 properties sold in the region in the month of May 2014 compared to 659 in May 2013 – an increase of over 8% year over year. Compared to last month in April, there  Continue Reading »

The Victoria Real Estate Board today released its monthly report on real estate activity in the Victoria area for April 2014. 664 properties sold in the month of April 2014, compared to 615 in April 2013 – an increase of nearly 8% year over year. Compared to last month in March, there were 15.5% more  Continue Reading »

VICTORIA BC – Real estate market activity in the first two months of 2014 remained slightly ahead of the same period in 2013. Total MLS® sales in February were 412, a 4.6 per cent increase over February 2013 when 394 units sold and a 20.5 per cent increase over the 342 sales reported to the  Continue Reading »

Victoria’s residential housing market marked a notable turnaround in 2013. Sales gained traction throughout the year, with a solid rally evident over the summer months. The upswing in momentum should see transactions surpass 2012 levels, as 5,800 homes change hands in the city by year end. Inventory has receded and conditions have largely stabilized, with  Continue Reading »

The Canadian economy grew 2.7 per cent at an annual rate in the third quarter, the fastest pace of growth in almost two years.  The economy was given a boost by an uptick in business investment which helped to offset a slight deceleration in household spending and a dip in exports. Moreover, while third quarter  Continue Reading »

Canadian existing home sales fell 3.2 per cent month-over-month in October according to a report published on Friday by the Canadian Real Estate Association (CREA). While this marked the first drop in resales since February 2013 and the largest monthly decline since the slowdown in summer 2012, sales still stood 8.3 per cent above 2012  Continue Reading »

Greater Victoria continued to experience strong home sales during the month of October, reports the Victoria Real Estate Board (VREB). According to the Board’s MLS® System, 512 properties sold compared to 373 in October 2012, an increase of 37.27 per cent. There were 4,322 active listings. “While we are all very pleased with the October  Continue Reading »