The British Columbia Real Estate Association (BCREA) released its 2019 Fourth Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 1.8 percent to about 77,100 units this year, after recording 78,505 residential sales in 2018. MLS® residential sales are forecast to increase 10.9 percent ...
Continue ReadingThe Bank of Canada held its overnight rate at 1.75 percent October 30, 2019. In the statement accompanying the decision, the Bank noted that ongoing trade conflicts have weakened the global economic outlook, which is expected to drag Canadian economic growth below its potential in the second half of this ...
Continue ReadingThe British Columbia Real Estate Association (BCREA) reports that a total of 6,938 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, an increase of 24 percent from the same month last year. The average MLS® residential price in the province was $697,943, an increase of 2.1 percent ...
Continue ReadingHIGHLIGHTS Stress test limiting impact of falling mortgage rates Canadian economy: Strong second quarter, but will it last? Bank of Canada on hold for now Canadian mortgage rates continued to decline in the third quarter as rising trade tensions between the United States and China fed growing fears of a ...
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