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 ...
Continue ReadingThe 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 ...
Continue ReadingRead BCREA’s latest BCREA Market Intelligence Report: The Impact of the BC Home Partnership Program on Metro Vancouver Home Prices. Highlights of the report include our analysis indicates that the Home Partnership Program (HPP) contributed to an annualized increase of 0.55 per cent to the market price of an apartment and an ...
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