Five-pillar approach will build stronger communities The British Columbia Real Estate Association (BCREA) today announced a five-pillar approach to address housing affordability for renters, homebuyers and homeowners across British Columbia. BCREA’s five pillars include timely recommendations to: assist consumers with housing costs, encourage the creation of more rental housing, densify ...
Continue ReadingWatch BCREA Economist Brendon Ogmundson discuss the March 2017 statistics: BCREA Market Update for April 2017 ...
Continue ReadingThe British Columbia Real Estate Association (BCREA) reports that a total of 9,826 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, down 21.8 per cent from the same period last year. Total sales dollar volume was $6.79 billion, down 30 per cent from March 2016. ...
Continue ReadingThe Bank of Canada announced this morning that it is holding the target for its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that economic growth has been faster than previously expected, boosted by what the Bank sees as temporary spending from ...
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