The December issue of Mortgage Rate Forecast is now available on BCREA Online. Highlights: Rising rates and tighter mortgage regulations in 2018 Canadian economy slowing Bank of Canada waiting on higher inflation ...
Continue ReadingHousing Market Update (November 2017) Watch BCREA Chief Economist Cameron Muir discuss the October 2017 statistics: https://youtu.be/Xcw9pdwPF2c Copyright BCREA ...
Continue ReadingAccording to Kootenay Real Estate Board’s July 2017 stats the average residential sale price in Nelson is $404,059. That is up approximately 6.8% over last year. The average number of days that a home is on the market before it sells is down from 76 days for the same time ...
Continue ReadingThe British Columbia Real Estate Association (BCREA) released its 2017 Second Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 10 per cent to 101,000 units this year, after reaching a record 112,209 units in 2016. Housing demand gained strength this spring, ...
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