BCREA 2021 First Quarter Housing Forecast Update The British Columbia Real Estate Association (BCREA) released its 2021 First Quarter Housing Forecast Update. Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 15.6 percent to 108,680 units this year, after recording 94,021 sales in 2020. In 2022, MLS® residential ...
Continue ReadingThe Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls “extraordinary forward guidance” in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and ...
Continue ReadingBCREA 2020 Fourth Quarter Housing Forecast The British Columbia Real Estate Association (BCREA) released its 2020 Fourth Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 16.9 per cent to 90,450 units this year, after recording 77,350 residential ...
Continue ReadingThe British Columbia Real Estate Association (BCREA) reports that a total of 11,368 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2020, an increase of 63.3 per cent from September 2019. The average MLS® residential price in BC set a monthly record of $803,210, a 15.3 per ...
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