Categories for affordable housing

BCREA Housing Market Update (June 2019)

https://youtu.be/L32JUcKjHxQ Copyright BCREA – reprinted with permission ...

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Affordability Continues to Weigh on Housing Demand

The British Columbia Real Estate Association (BCREA) reports that a total of 6,652 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, a decline of 18.9 percent from the same month last year. The average MLS® residential price in the province was $685,304, a decline of ...

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Stress Test Creating Pent-up Demand

The British Columbia Real Estate Association (BCREA) reports that a total of 5,707 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, a decline of 23 percent from the same month last year. The average MLS® residential price in the province was $687,720, a decline of ...

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B-20 Stress Test Needs Revision to Improve Housing Affordability

The British Columbia Real Estate Association (BCREA) is calling on the federal government to revisit the B-20 stress test so that more BC families can achieve their dream of home-ownership. Mortgage lending rules, known as the B-20 stress test, have eroded housing affordability by reducing the purchasing power of families ...

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