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Rental Construction Financing
The Rental Construction Financing initiative (Financing initiative) provides lower-cost loans to encourage the construction of affordable rental housing across Canada. It will provide up to $625 million in loans each year for 4 years starting in 2017. For more information click here ...
Continue ReadingBC Real Estate Association Unveils Housing Affordability Plan
Five-pillar approach will build stronger communities The British Columbia Real Estate Association (BCREA) today announced a five-pillar approach to address housing affordability for renters, homebuyers and homeowners across British Columbia. BCREA's five pillars include timely recommendations to: assist consumers with housing costs, encourage the creation of more rental housing, densify urban areas, adjust the Property Transfer ...
Continue ReadingBCREA Housing Market Update (April 2017)
Watch BCREA Economist Brendon Ogmundson discuss the March 2017 statistics: BCREA Market Update for April 2017 ...
Continue ReadingHousing Demand Normalizes as Supply Dwindles
The British Columbia Real Estate Association (BCREA) reports that a total of 9,826 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, down 21.8 per cent from the same period last year. Total sales dollar volume was $6.79 billion, down 30 per cent from March 2016. ...
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