Thursday, August 30, 2012
BC Homes Sales to Rise in 2013
Categories:BC Economics,BC Market Update,BC Real estate market,Downtown VE,Downtown VW,Fairview VW,Kitsilano,Lance Brown,Main,Vancityishome,Vancouver East Real Estate,Vancouver Market Update,Vancouver Market Update. 1st Time home Buyers,Vancouver Real,Vancouver Real Estate,Vancouver Real Estate market,Vancouver West Real Estate,West End VW,Yaletown
BC Home Sales to Rise in 2013
BCREA 2012 Third Quarter Housing Forecast Update
Vancouver, BC – August 30, 2012. The British Columbia Real Estate Association (BCREA) released its 2012 Third Quarter Housing Forecast Update today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to edge down 4 per cent to 73,400 units this year, before increasing 7.5 per cent to 78,900 units in 2013. Since 2009, MLS® residential sales in BC have ranged between 74,000 to 78,000 units. A record 106,300 MLS® residential sales were recorded in 2005.
"Despite more robust consumer demand in the Interior, fewer home sales in Vancouver will pull the BC total lower this year," said Cameron Muir, BCREA Chief Economist. "However, a notable growth trend in full-time employment combined with persistently low mortgage interest rates is expected to boost housing demand around the province in 2013."
"MLS® residential prices are expected to remain relatively stable this year and through 2013, with changes in average price statistics largely the result of a differing mix of home types sold and shifting regional demand patterns," added Muir. Average price data for Vancouver was skewed artificially high in 2011 by a wave of detached home sales in the priciest neighbourhoods. Lower Mainland's share of provincial home sales is expected to decline to 58 per cent this year from 62 per cent in 2011. The average MLS® residential price in BC is forecast to decline 7.8 per cent to $517,500 this year, and remain relatively unchanged at $519,000 in 2013.
Thursday, December 8, 2011
Video Housing Update
Categories:BC Real estate market,Cambie,Downtown VE,Downtown VW,Fairview VW,False Creek,False Creek North,Fraser VE,Grandview VE,Kitsilano,Lance Brown,Main,Marpole,Mount Pleasant VE,Mount Pleasant VW,Out of Town,Out of Town Real Estate,Port Moody Centre,Port Moody Real Estate,University VW,Vancityishome,Vancouver East Real Estate,Vancouver Market Update,Vancouver Real,Vancouver Real Estate,Vancouver Real Estate Bubble,Vancouver West Real Estate,West End VW
Monday, November 21, 2011
Home Sales Update
Categories:BC Real estate market,Downtown VE,Downtown VW,Fairview VW,Mount Pleasant VE,Mount Pleasant VW,University VW,Vancityishome,Vancouver East Real Estate,Vancouver Market Update,Vancouver Real,Vancouver Real Estate,Vancouver West Real Estate,West End VW
Home Sales Climb Higher Outside Vancouver
Vancouver, BC – November 15, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 6.5 per cent to 5,865 units in October compared to the same month last year.
The average MLS® residential price was up 2.6 per cent to $535,695 last month compared to October 2010.
"BC home sales rose three per cent in October compared to September on a seasonally adjusted basis," said Cameron Muir, BCREA Chief Economist. "While consumer demand in Vancouver edged lower last month on a year-overyear basis, strong increases were recorded in the Fraser Valley, Kamloops, Kootenay, the North and on Vancouver Island."
"Total active residential listings in the province declined by 3,360 units in October from September. However, active listings were up 6.9 per cent from October 2011," added Muir. "Market conditions remained slightly in favour of home buyers last month."
Year-to-date, BC residential sales dollar volume increased 16.8 per cent to $38 billion, compared to the same period last year. Residential unit sales increased 3.5 per cent to 66,922 units, while the average MLS® residential price rose 12.9 per cent to $566,925 over the same period.
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