Highlights: 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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Continue ReadingMultiple Listing Service® (MLS®) residential sales in the province are forecast to decline 9 percent to 71,400 units this year, after recording 78,346 residential sales in 2018. MLS® residential sales are forecast to increase by 14 percent to 81,700 units in 2020. The 10-year average for MLS® residential sales in ...
Continue ReadingThe British Columbia Real Estate Association (BCREA) reports that a total of 8,221 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, a decline of 7 percent from the same month last year. The average MLS® residential price in the province was $707,829, a decline of ...
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