Blog | Nelson, BC Real Estate - Robert Goertz, Valhalla Path Realty

Canadian Housing Starts

Canadian housing starts decreased by 4 per cent in September to 217,118 units at a seasonally adjusted annual rate (SAAR). The six-month trend in Canadian housing starts also declined to 214,821 units SAAR.New home construction in BC rose 6 per cent on a monthly basis to 37,470 units SAAR but was ...

Nelson Real Estate Market Stats

According to Kootenay Real Estate Board's July 2017 stats the average residential sale price in Nelson is $404,059. That is up approximately 6.8% over last year. The average number of days that a home is on the market before it sells is down from 76 days for the same time ...

Robust BC Home Sales Supported by Strong Economy

The British Columbia Real Estate Association (BCREA) released its 2017 Third Quarter Housing Forecast update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 10 per cent to 100,900 units this year, after reaching a record 112,209 units in 2016. Strong economic fundamentals are underpinning consumer ...

BCREA Mortgage Rate Forecast

With the Bank of Canada interest rate announcement today, it is a good time to review BCREA's mortgage rate forecast. http://www.bcrea.bc.ca/docs/economics-forecasts-and-presentations/mortgagerateforecast.pdf ...