Read BCREA’s latest BCREA Market Intelligence Report: The Impact of the B20 Stress Test on BC Home Sales in 2018 (July 2019). Summary findings include: the decline in home sales in 2018 was largely due to market factors like interest rates and affordability; without the stress test, home sales in BC would have ...
Continue ReadingHighlights: Mortgage Rates return to 2017 Levels Canadian economy falters in first quarter Time for the Bank of Canada to cut rates? The big news in the Canadian mortgage market is the return of sub 3 percent five-year mortgage rates. The last year of mortgage rate increases has essentially been ...
Continue Readinghttps://youtu.be/L32JUcKjHxQ Copyright BCREA – reprinted with permission ...
Continue ReadingMultiple Listing Service® (MLS®) residential sales in the province are forecast to decline 9 percent to 71,400 units this year, after recording 78,346 residential sales in 2018. MLS® residential sales are forecast to increase by 14 percent to 81,700 units in 2020. The 10-year average for MLS® residential sales in ...
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