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Sketching Out the Potential Impact of COVID-19 on the BC Housing Market
Summary Findings While it’s unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic activity with little guidance to when things may return to normal. Based on our scenario analysis, BC home sales and prices will likely face declines in the spring ...
Continue ReadingBC Housing Markets Off to a Strong Start in 2020
The British Columbia Real Estate Association (BCREA) reports that a total of 4,426 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2020, an increase of 23.7 per cent from the 3,579 units sold in January 2019. The average MLS® residential price in BC was $725,370, a 9.1 ...
Continue ReadingHousing Markets Flat in 2019 After Strong Second Half
The British Columbia Real Estate Association (BCREA) reports that a total of 77,331 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2019, a decline of 1.5 percent from the 78,516 units sold in 2018. The annual average MLS® residential price in BC was $700,460, a decline of 1.6 ...
Continue ReadingPrivacy Notice and Consent Form
The British Columbia Real Estate Association (BCREA) has created a new video to help people better understand the Privacy Notice and Consent form, and how a REALTOR(r) protects their personal information during and after a real estate transaction. https://youtu.be/yNNWtxrEnWQ ...
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