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August Home Sales Suggest Impact of Stress Test Fading
The British Columbia Real Estate Association (BCREA) reports that a total of 6,743 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in August, a 26.4 percent decrease from the same month last year. The average MLS® residential price in BC was $669,776, down 1.2 ...
Continue ReadingHousing Market Reacts to Mortgage Stress Test
The British Columbia Real Estate Association (BCREA) released its 2018 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 percent to 82,000 units this year, after recording 103,768 residential sales in 2017. MLS® residential sales are forecast to increase by ...
Continue ReadingAre you planning to buy a new home in 2018?
Join me on Wednesday March 14, 2018 for this free talk. Learn what every home buyer needs to know before making what for most is the largest single purchase of their life. Are you curious about the current market conditions? Do you have questions about the buying process? Bring your ...
Continue ReadingBank of Canada Interest Rate Announcement
The Bank of Canada opted to maintain its target for the overnight interest rate this morning at 1.25 per cent. In the statement accompanying the decision, the Bank noted that although growth in the Canadian economy slowed more than expected in the fourth quarter of 2017, the economy is expected ...
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