Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 8.6 per cent to 94,855 units this year, after recording 103,763 residential sales in 2017. MLS® residential sales are forecast to edge back a further 1 per cent to 94,025 units in 2019. Housing demand is expected to remain above the 10-year average of 84,800 units into … Read More
Canadians continue to seek balance between affordability and amenities outside of major urban centres
RE/MAX 2018 Canadian Housing Report forecasts 2.5% uptick, in overall prices. This past year saw the single-family detached home and condo markets diverge on distinctly different paths in Canada’s two highest-priced real estate markets, Greater Vancouver and the Greater Toronto Area (GTA). The trend is expected … Read More
In the RE/MAX National Spring 2016 Trends Report, it’s the best of times and the worst of times for real-estate in communities across Canada. High demand and low supply continue to characterize Vancouver’s and Toronto’s housing markets throughout 2015 as competition from Buyers over the limited inventory of single family homes pushes prices higher.
The average residential sale price increased
The British Columbia Real Estate Association (BCREA) released its 2014 Fourth Quarter Housing Forecast today.
“Consumer demand has ratcheted up this year and is expected to remain at a more elevated level through 2015,” said Cameron Muir, BCREA Chief Economist. “While historically low mortgage rates support demand, the housing market is also being underpinned by a more robust economy and … Read More