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Canadian Housing Starts
Canadian housing starts decreased by 13 percent on a monthly basis in May to 202,337 units at a seasonally adjusted annual rate (SAAR). This decline follows a strong rebound reported in the previous month. The trend in Canadian housing starts was down, averaging 202,000 units SAAR over the past six months, which is still a robust trend. In BC, ...
Continue ReadingAffordability Continues to Weigh on Housing Demand
The British Columbia Real Estate Association (BCREA) reports that a total of 6,652 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, a decline of 18.9 percent from the same month last year. The average MLS® residential price in the province was $685,304, a decline of ...
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