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Real Estate - Economic Trends - British Columbia - February 2012

February 3rd, 2012

Economic Trends

Housing demand is generally driven

by changes in employment levels,

demographic factors and mortgage

interest rates. In 2011, employment

in British Columbia increased less

than one per cent, but an underlying

shift to full-time employment was

a supporting factor to housing

demand. International migration

added to the provincial population,

while interprovincial migration partl ...

Vancouver New Housing Constuction Up 17% - Real Estate Reports

January 10th, 2012

BCREA ECONOMICS NOW

Canadian Housing Starts - January 10, 2012

Canadian housing starts rose almost 8 per cent month over month in December, to a seasonally adjusted annual rate (SAAR) of 200,200 starts. New home construction in BC urban centres  fell 20 per cent from November, at 21,000 starts (SAAR) and were down 26 per cent year over year in December. The year 2011 ended with housing starts ...

Most Expensive house in Vancouver Sold $16.8 Million - 2011

January 9th, 2012

 

Mac Market Update Header Small
British Columbia Luxury Home Sales Continue Upward Surge in 2011

Happy New Year and welcome to 2012!

2011 was yet another record-breaking year for BC's luxury housing market. According to MLS stats, over 700 $3 million+ homes were sold in 2011, smashing the record set last year of 375, and more than tripling the number achieved in 2009. Macdonald Realty manager, Matthew Lee, whose fi ...

Vancouver 2011 year end Real Estate Market Update

January 9th, 2012

Vancouver 2011 year end Real Estate Market Update

Sales up over the year, but are down when looking at the past 6 months.

US Housing Starts Are Mixed Message For BC - November 2011

November 17th, 2011

US Housing Starts - November 17, 2011

US housing starts were flat in October at a 628K seasonally adjusted annual rate (SAAR) following a downwardly revised 630K (SAAR) units in September. Multi-family starts continue to drive the trend in new home construction. Averaged over the past three months, multi-family starts are at their highest level since December 2008. Single-family starts contin ...

BC Real Estate Sales Are Up in 2011

November 15th, 2011

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 Octobe ...

November 2011 - Real Estate Update - Video

November 8th, 2011


Real Estate Board of Greater Vancouver
November, 2011

Vancouver Real Estate - New Housing Starts Drop!

November 8th, 2011

There is a distinct split between the single-family and multi-family

new home construction this year. While multi-family construction

is on pace for over 30 per cent growth, single-family units will

likely end the year down 20 per cent. Moreover, the elimination

of the HST in 2013 may further hinder activity in the HST sensitive

Vancouver new home market in 2012 if consumers delay their

purch ...

Vancouver Real Estate Price Forecast 2012

November 8th, 2011

Home sales in Vancouver are expected to rebound this year

after declining 14 per cent to 31,144 units in 2010. Relatively

strong immigration continues to bolster the Vancouver housing

market while the overall economy and related job growth faces

headwinds from an anemic US economy. However, mortgage

interest rates are expected to remain low through 2012 keeping

affordability and purchasing po ...

BC Real Estate 2012 Forecast

November 8th, 2011

 

Housing Forecast Points to Market Stability in 2012

BCREA 2011 Fourth Quarter Housing Forecast

 

Vancouver, BC – November 8, 2011.

BC Multiple Listing Service® (MLS®) residential sales are forecast to rise 3.2 per cent from 74,640 units in 2010 to 77,000 units this year, increasing a further 3.9 per cent to 80,000 units in 2012.2012 Forecast

"Low mortgage interest rates are expected to persist through ...

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