BCREA 2019 First Quarter Housing Forecast Update The British Columbia Real Estate Association (BCREA) released its 2019 First Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 2 per cent to 80,000 units this year, after recording 78,345 residential sales in ...
Continue ReadingThe Bank of Canada raised its target for the overnight rate by 25 basis points to 1.75 percent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy is expected to average growth of 2 percent over the second half of 2018 before slowing to ...
Continue ReadingThe 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 ...
Continue ReadingRead BCREA’s latest BCREA Market Intelligence Report: The Impact of the BC Home Partnership Program on Metro Vancouver Home Prices. Highlights of the report include our analysis indicates that the Home Partnership Program (HPP) contributed to an annualized increase of 0.55 per cent to the market price of an apartment and an ...
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