he British Columbia Real Estate Association’s (BCREA) latest Market Intelligence report, The Unusual World of Pandemic Economics, points to uneven job losses across sectors, an increase in many households’ rate of savings, swift government aid, a tighter-than-ever housing supply and low interest rates as the drivers behind BC’s recent housing market ...
Continue ReadingThe British Columbia Real Estate Association (BCREA) released it’s 2020 Second Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 percent to approximately 61,000 units this year, after recording 77,347 residential sales in 2019. MLS® residential sales are forecast to increase 45.3 percent ...
Continue ReadingHave you been wondering what has been going on in the real estate market this year? Here is a look at single-family home sales for the Kootenay region. ...
Continue ReadingThe Bank of Canada held its overnight rate at 0.25 percent this morning, a level it considers it’s effective lower bound. In the statement accompanying the decision, the Bank noted that incoming data seems to signal that the impact of COVID-19 on the economy has peaked, though there remains significant ...
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