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Economic Uncertainty Prompts Modest Decline in CLI

September 1st, 2015

Vancouver, BC – September 2, 2015.  The BCREA Commercial Leading Indicator (CLI) declined in the second quarter by 0.4 points to 120.6, the first decline in the index since the beginning of 2014. However, due to strong gains over the past four quarters, the trend underlying the CLI continues to push higher.

“Uncertainty in the global economy roiled financial and commodity markets in the seco ...

July property sales hit record levels in Fraser Valley

August 19th, 2015
For Immediate Release: August 5, 2015

SURREY, BC – Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) saw the highest number of real estate transactions ever recorded for the month of July.

There were 2,184 property sales processed, an increase of 35 per cent compared to 1,615 sales in July of last year. The previous highest July was in 2009, with 2,089 sales and prior to ...

Are City Fees and Land Costs Truly Raising House Prices Or Do We Have it Backwards?

July 25th, 2015
Almost daily we read newspaper articles about how municipal fees and the price of land and construction inputs affect the price of housing. I have been selling properties for 39 years, have developed housing and have studied economics at BCIT and UBC. Here are my conclusions: If a developer's land costs, municipal/city charges and fees or construction materials and labour costs are low but ma ...

BC Home Sales Post Second Strongest June on Record

July 15th, 2015

For immediate release

BC Home Sales Post Second Strongest June on Record

Vancouver, BC – July 14, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 11,294 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, up 25.6 per cent from the same month last year. Total sales dollar volume was $7.1 billion, a 42.6 per cent increas ...

STRONGEST JUNE MARKET IN FRASER VALLEY IN 10 YEARS

July 3rd, 2015

News Release: July 3, 2015

SURREY, BC – Last month’s sales volumes on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) were the highest for June since 2005 and rank as the fourth busiest month ever for MLS® sales in the Fraser Valley.

There were 2,413 sales processed on the MLS® in June, an increase of 45 per cent compared to the 1,668 sales processed in June of last yea ...

BC Home Sales Continue at Brisk Pace

June 15th, 2015

Vancouver, BC – June 15, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 10,174 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, up 16.6 per cent from the same month last year. Total sales dollar volume was $6.4 billion, a 30.4 per cent increase in comparison to the previous year. The average MLS® residential price in the ...

SLIGHT SHIFT IN FRASER VALLEY MARKET IN MAY; SALES EDGE DOWN WHILE INVENTORY INCHES UP

June 2nd, 2015

(Surrey, BC) – Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) in May remained at strong levels – the highest since 2007 – however, they softened slightly compared to April.

There were 1,969 MLS® sales processed in May, a decrease of 2 per cent compared to April, however an increase of 21 per cent compared to the 1,633 sales processed in May of last year.

Jor ...

BC Housing Demand Forecast to be Strongest Since 2007

June 1st, 2015

Vancouver, BC – June 1, 2015. The British Columbia Real Estate Association (BCREA) released its 2015 Second Quarter Housing Forecast today.

“More robust economic growth, strong consumer confidence and rock-bottom mortgage interest rates are expected to push housing demand this year to its highest level since 2007,” said Cameron Muir, BCREA Chief Economist.  

Multiple Listing Ser ...

Strong sales volumes continue through April

May 4th, 2015

    (Surrey, BC) – Property sales in the Fraser Valley soared in April compared to one year ago increasing by 37 percent.

There were 2,009 sales processed on the Fraser Valley Real Estate Board Multiple Listing Service® (MLS®) in April, compared to 1,470 in April of last year. These volumes rank third highest of all time for the month with the next best April in 2004 and prior to that in 199 ...

BC Home Sales Post Strongest March in Eight Years

April 18th, 2015
Vancouver, BC – April 16, 2015
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The British Columbia Real Estate Association (BCREA) reports that a total of 9,101 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, up 37.6 per cent from the same month last year. Total sales dollar volume was $5.8 billion, an increase of 57.1 per cent compared to a year ago. The average MLS® residential price in the provi ...
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