June 2021

Strong Demand, Dwindling Supply for BC Housing Markets

Posted on Jun 14, 2021

The British Columbia Real Estate Association (BCREA) reports that a total of 12,638 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2021, an increase of 178.2 per cent over May 2020 when the onset of the COVID-19 pandemic prompted a lockdown of the provincial economy. The average MLS® residential price in BC was...

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Bank of Canada - Interest Rate Announcement

Posted on Jun 09, 2021 in Mortgage News

Bank of Canada Interest Rate Announcement June 2021The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary forward guidance" in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and inflation sustainably returns to its 2 per cent tar...

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Greater Vancouver Real Estate Statistics - May 2021

Posted on Jun 02, 2021 in Market Update

May Vancouver Real Estate Statistics - MLS ListingsHome sale and listing activity in Metro Vancouver moves off of its record-breaking pace


The Metro Vancouver housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the reg...

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