The BCREA Commercial Leading Indicator (CLI) declined by 1.8 points to 134.5 from the third to the fourth quarter of 2018. Compared to this time one year ago, the index is about 1 per cent lower.
“Following several years of robust growth, the BC economy slowed in 2018 and the CLI is reflecting that slowdown,” says BCREA Deputy Chief Economist Brendon Ogmundson. “That means the economic...
BCREA 2019 First Quarter Housing Forecast Update
The British Columbia Real Estate Association (BCREA) released its 2019 First Quarter Housing Forecast Update today.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 2 per cent to 80,000 units this year, after recording 78,345 residential sales in 2018. MLS® residential sales are forecast to...
BC Budget 2019, tabled on February 19, 2019 by Finance Minister Carole James, offers nothing to help home buyers – whether they’re first-timers or trading up.
The government is forecasting Property Transfer Tax (PTT) revenue to remain at $1.910 billion, despite a significant slowdown in home sales and housing starts.
Housing starts fell 6.4 per cent in 2018 and are forecast...
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales in January 2019 were up from the previous month but remained below levels recorded one year ago.
- National home sales rose 3.6% between December 2018 and January 2019.
- Actual (not seasonally adjusted) activity was down by 4% from one year ago.
- The number of newly listed homes edged up 1% mon...
The British Columbia Real Estate Association (BCREA) reports that a total of 3,546 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January, a decline of 33.2 per cent from the same month last year. The average MLS® residential price in the province was $665,590, a decline of 7.7 per cent from January 2018. Total sales dollar volume was $2.36 billion, a 38.4...
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