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BC Housing Market Overview 2021
Aug 19, 2021

BC Housing Market Overview

You know that housing markets are extremely strong within British Columbia and across the country. In most respects, Landcor’s numbers for 2021-Q2 behaved as you and I might have expected – they were phenomenal. There was one small surprise: I had been expecting sales to be at an all-time high, but they were the second highest ever (48,726 residential sales for 2021-Q2 didn’t reach the record o…

Sep 16, 2018

Home buyer demand stays below historical averages in August

The Metro Vancouver(1) housing market continues to experience reduced demand across all housing types.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales recorded in August 2017, and a 6.8 per cent decline compared to July 2018 when 2,070 homes sold.Last month’s sale…

Sep 16, 2018

Commercial real estate sales down, prices up in the Lower Mainland

Thursday, September 13, 2018The commercial real estate market in the Lower Mainland continued to see fewer transactions in the second quarter (Q2) of 2018 compared to recent years.There were 569 commercial real estate sales in the Lower Mainland in Q2 2018, a 16.3 per cent decrease over the 680 sales in Q2 2017, according to data from Commercial Edge, a commercial real estate system op…

Jul 31, 2016

Tight Market Conditions Prevail Around the Province

Vancouver, BC – July 14, 2016. The British Columbia Real Estate Association (BCREA) reports that a record 12,906 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, up 14.3 per cent from the same month last year. Total sales dollar volume was $8.97 billion in June, up 25.7 per cent compared to the previous year. The average MLS® residential price in the provinc…

Jul 31, 2016

Bank of Canada Interest Rate Announcement – July

The Bank of Canada announced this morning that it is holding its target for the overnight interest rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that inflation is on track to return to its target of 2 per cent by 2017, though heightened global uncertainty presents a risk to that forecast.  The Bank judges the overall risks to its forecast as roughly balanc…

Jul 11, 2016

Metro Vancouver Edition – June

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Jun 29, 2016

Metro Vancouver Edition – May

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May 27, 2016

New Contract Assignment Requirements

As of May 16, 2016, new provincial rules relating to the assignment of real estate contracts will be in force. The provincial government has amended the Real Estate Services Regulation (the “Regulation”), and these new requirements will apply in all transactions where a licensee is acting for the seller and/or the prospective buyer of real estate.To find out more about contract assignments an…

May 13, 2016

New Restrictions on Assignments of Contracts of Purchase and Sale

The Province has announced new regulations pursuant to the Real Estate Services Act (“RESA”) that impose new duties on licensed B.C. real estate agents effective May 16, 2016, that will restrict the assignment of contracts of purchase and sale of real estate.  The Regulations are intended to cool the overheated real estate market and reduce the number of contracts being assigned or flipped.Th…

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