Blog & News: Real Estate Market Blog
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| Canadian Consumer Price Inflation - BCREA
May 18, 2012 Canadian CPI inflation registered 2.0 per cent (year-over-year) in April, a 0.1 point increase from March inflation of 1.9 per cent. The rise in consumer prices was led by transportation costs, including a 3.3 per cent rise in gasoline prices. In fact, Statistics Canada's gasoline Index reached a 4 year high in April. ... Read More... |
| Canadian Manufacturing Shipments|US Housing Starts - BCREA
May 16, 2012 Canadian manufacturing sales increased 1.9 per cent in March, the largest advanced since September 2011. The gain was largely driven by higher sales of petroleum and coal products, though higher sales were reported in 13 of the 21 manufacturing sectors surveyed. BC manufacturing sales rose 0.4 per cent ... |
| Labour Force Survey - BCREA
May 11, 2012 Canadian employment rose by 58,000 jobs in April following a blockbuster March in which employment increased by 82,000. Despite large job gains in the past two months, the national unemployment rate edged up 0.1 points to 7.3 per cent as more Canadian were looking for work. Employment in British Columbia ... |
| Canadian Building Permits - BCREA
May 07, 2012 Canadian building permits continue to show strength, rising 4.7 per cent month-over-month in March. The gain at the National level was mostly the result of higher institutional and commercial activity in Ontario, which were up 65 per cent and 15 per cent higher respectively. Construction intentions in ... |
| Greater Vancouver housing market maintains a steady spring pace
May 02, 2012 Home sale and listing activity has maintained a consistent pace on the Multiple Listing Service® (MLS®) in Greater Vancouver in recent months, which has helped create balanced conditions for the region’s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential ... |
| Bank of Canada Interest Rate Decision - BCREA
April 17, 2012 The Bank of Canada left its overnight rate unchanged at 1 per cent for the 13th consecutive meeting. In the statement accompanying the decision the Bank noted that economic momentum in Canada is slightly firmer than the Bank had forecast in January and that economic headwinds from the US and Europe have abated somewhat. ... |
| How To Choose a Real Estate Agent
April 17, 2012 Buying your first home is a very exciting yet stressful time. It's one of the most important decisions you'll ever make and one of the main reasons to seek professional advice. The right advisor will help guide you through the buying process and help you lay the foundation for an enjoyable homeownership experience. ... |
| No March Madness Repeat in 2012 - BCREA
April 13, 2012 For the complete news release, including detailed statistics, click here.
Vancouver, BC – April 13, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 26.5 ... |
| Increased selection helps maintain balance in Greater Vancouver housing market
April 03, 2012 Home sales in March trended below the 10-year average in Greater Vancouver while home listing activity outpaced what’s typical for the month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,874 on the Multiple Listing Service® ... |
| Canadian Monthly GDP - BCREA
March 30, 2012 The Canadian economy got off to a slow start to begin 2012, failing to build on momentum from December. January Gross Domestic Product grew just 0.1 per cent, after posting robust 0.5 per cent growth in the final month 2011. Economic growth in January was given a boost by manufacturing output which rose for the fifth ... |
| US Housing Starts - BCREA
March 20, 2012 US housing starts declined slightly in February, though January new construction was revised higher. Total housing starts were at a seasonally adjusted annual rate(SAAR) of 698,000 last month, down 1 per cent from 706,000 (SAAR) in January. Building permits, an indicator of future home construction, were 717,000 (SAAR) ... Read More... |
| Home Sales in Interior and North Outpace Province - BCREA
March 15, 2012 Vancouver, BC – March 15, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 9.6 per cent to $3.4 billion in February compared to the same month last year. A total of 5,923 MLS® residential ... |
| Average Days on the Market and Price Per Square Foot for Apartments in Vancouver
March 08, 2012 Below is a break down of the current Average Days on the Market (ADOM) and Average Price Per Square Foot for Apartments in and around Downtown Vancouver. Coal Harbour - AP/SQFT is $851/sqft with an ADOM of 40 days. Yaletown - AP/SQFT is $742/sqft with an ADOM of 44 days. Westend - AP/SQFT ...Read More... |
| Bank of Canada Interest Rate Decision - BCREA
March 08, 2012 The Bank of Canada left its overnight rate unchanged at 1 per cent for the twelfth consecutive meeting. In the statement accompanying the decision the Bank noted that while heightened uncertainty in the global economy has decreased in recent weeks, global economic growth is likely to remain below trend. The Bank ... |
| Housing Affordability Improves for Second Consecutive Quarter: RBC Economics
March 07, 2012 Modest Improvements at the End of 2011 Lighten the Load on Household Budgets TORONTO, March 7, 2012— Canada's housing market made further steps on a promising path in the closing months of 2011 as affordability improved for the second consecutive quarter, according to the latest Housing Trends ... |
| Canadian Real GDP Growth - BCREA
March 02, 2012 The Canadian economy grew 0.4 per cent in December and 1.8 per cent at a seasonally adjusted annual rate for the fourth quarter, close to BCREA’s forecast of 1.9 per cent and a marked decline from a 4.2 per cent rate of growth in the third quarter. Grwoth in Real GDP for 2011 was 2.5 per cent, a decline from ... |
| Greater Vancouver housing market trends near long-term averages as spring market approaches
March 02, 2012 Closer alignment between home buyer and seller activity helped bring greater balance to the Greater Vancouver housing market in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,545 on the MLS® system in February 2012. ... |
| Information about the new HST | PST housing transitional rules
February 21, 2012 The province will transition back to the Provincial Sales Tax (PST), which will replace the Harmonized Sales Tax (HST), on April 1, 2013. Until then, the province has announced transitional rules for new homes which take effect April 1, 2012. Note: This information is current to today, February 21, 2012 ... |
| Home Sales Rise Outside Lower Mainland - BCREA
February 15, 2012 Vancouver, BC – February 15, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC dipped 7.6 per cent to $2.1 billion in January compared to the same month last year. A total of 3,976 homes traded hands ... |
| Selection broadens and demand eases to kick off 2012 in the Greater Vancouver housing market
February 06, 2012 Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011. The Real Estate Board of Greater Vancouver (REBGV) ... |
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The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® Reciprocity logo and detailed information about the listing includes the name of the listing agent.
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