BC Homes Continue to Decrease in November
Posted on Dec 14, 2022 in Market Update
Housing Market Activity Remains Slow in November
The British Columbia Real Estate Association (BCREA) reports that a total of 4,512 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2022, a decrease of 50.8 percent from November 2021 and about 30 percent below a historical average November. The average MLS® res...The Bank of Canada Hiked Rates The Full 50 bps
Posted on Dec 07, 2022 in Mortgage News
The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 4.25% and signalled that the Council would "consider whether the policy interest rate needs to rise further to bring supply and demand back into balance and return inflation to target." This is more dovish language than in earlier...Greater Vancouver Real Estate Statistics - November 2022
Posted on Dec 02, 2022 in Market Update
Home sale and listing activity continue trending below long-term averages in November
While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region tota...
