BCREA 2019 Third Quarter Housing Forecast Update Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 5 percent to about 75,000 units this year, after recording 78,505 residential sales in 2018. MLS® residential sales are forecast to increase 11 percent to 82,700 units in 2020, just ...
Continue ReadingThe British Columbia Real Estate Association (BCREA) reports that a total of 7,930 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, an increase of 12.4 percent from the same month last year. The average MLS® residential price in the province was $684,497, a decline of ...
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 ...
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