Hi All,
The BC Real Estate Association has now published their latest report on the BC Real Estate Market and also gives their views on the latest Forecasts for 2012 & 2013.
Kind Regards
Trish Cenci
Tel 250 864 1707
Email trishcenci@shaw.ca
Showing posts with label BCREA. Show all posts
Showing posts with label BCREA. Show all posts
BCREA Reports Home Sales Rise Outside Lower Mainland
Hi All,
Thought you would like to see that there is better news from BCREA today on housing sales for January 2012.
Vancouver, BC – February 15, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC dipped 7.6 per cent to $2.1 billion in January compared to the same month last year. A total of 3,976 homes traded hands on the MLS® over the same period, down 3.9 per cent. The average MLS® residential price was 3.8 per cent lower at $527,219 compared to January 2011.
“Increased market activity outside the Lower Mainland in January was offset by fewer sales in Vancouver and the Fraser Valley,” said Cameron Muir, BCREA Chief Economist. MLS® Residential sales rose 7 per cent to 1,620 units outside the Lower Mainland, while declining 10 per cent to 2,356 units in Vancouver and the Fraser Valley.
“While provincial sales activity was down in January from year ago levels, consumer demand has posted modest improvement since last fall, driven by low mortgage interest rates and gradually improving economic conditions,” added Muir.Kind Regards
Trish Cenci
Tel 250 864 1707
Email trishcenci@shaw.ca
Better News for Kelowna Real Estate in 2012 Q1 Housing Market Forecast from BCREA
Hi All,
To keep you up to date with the latest BC Real Estate Forecast I have attached BCREA's report issued today.
It offers better news for Real Estate in the Central Okanagan, with higher sales and a modest increase in average MLS ® Price forecast for the next 2 years.
Vancouver, BC – January 27, 2012. The British Columbia Real Estate Association (BCREA) released its 2012 First Quarter Housing Forecast Update today.
“Modest economic growth at home and abroad is expected to limit growth in consumer demand both this year and in 2013,” said Cameron Muir, BCREA Chief Economist.
BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 2.1 per cent from 76,817 units in 2011 to 78,400 units this year, increasing a further 2.7 per cent to 80,500 units in 2013. The 15-year average is 79,000 unit sales. A record 106,310 MLS® residential sales were recorded in 2005.
"While European sovereign debt concerns and a sluggish US economy will continue to impact consumer confidence, strong demand in the bond market is expected to keep mortgage interest rates at or near record lows for most of 2012,” added Muir.
Home prices in most BC markets are forecast to experience little change over the next 24 months as the supply of homes for sale more closely matches consumer demand. The average MLS® residential price in the province is forecast to edge down 2.2 per cent to $548,500 this year and remain relatively unchanged in 2013, albeit increasing 0.8 per cent to $553,000.
To Read the full report please view http://www.bcrea.bc.ca/docs/economics-forecasts-and-presentations/housingforecast_.pdf
Kind Regards
Trish Cenci
Tel 250 864 1707
Email trishcenci@shaw.ca
To keep you up to date with the latest BC Real Estate Forecast I have attached BCREA's report issued today.
It offers better news for Real Estate in the Central Okanagan, with higher sales and a modest increase in average MLS ® Price forecast for the next 2 years.
Average Performance for Housing Market in 2012
BCREA 2012 First Quarter Housing Forecast Update
BCREA 2012 First Quarter Housing Forecast Update
Vancouver, BC – January 27, 2012. The British Columbia Real Estate Association (BCREA) released its 2012 First Quarter Housing Forecast Update today.
"While European sovereign debt concerns and a sluggish US economy will continue to impact consumer confidence, strong demand in the bond market is expected to keep mortgage interest rates at or near record lows for most of 2012,” added Muir.
Home prices in most BC markets are forecast to experience little change over the next 24 months as the supply of homes for sale more closely matches consumer demand. The average MLS® residential price in the province is forecast to edge down 2.2 per cent to $548,500 this year and remain relatively unchanged in 2013, albeit increasing 0.8 per cent to $553,000.
To Read the full report please view http://www.bcrea.bc.ca/docs/economics-forecasts-and-presentations/housingforecast_.pdf
Kind Regards
Trish Cenci
Tel 250 864 1707
Email trishcenci@shaw.ca
BC Home Sales Increase Last Year reports BCREA
Hi All,
BCREA announced their latest report on BC Real Estate today.
Whilst the news was good for the province as a whole figures were slightly disappointing for the Okanagan Mainline area.
Vancouver, BC – January 13, 2012. The British Columbia Real Estate Association (BCREA)
reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC
climbed 14.3 per cent to $43.1 billion in 2011. A total of 76,817 homes were sold in BC in 2011,
up 2.9 per cent from 2010. The average annual MLS® residential price climbed 11.1 per cent to
$561,026 over the same period.
“Low mortgage interest rates and gradually
improving economic conditions contributed to a
moderate increase in consumer demand last year,”
said Cameron Muir, BCREA Chief Economist.
“BC home sales came in about on par with their 15-
year average, but fell well below their ten-year
average of over 88,000 units.”
Vancouver, the Fraser Valley and the North
experienced the largest percentage increase in unit
sales last year, while consumer demand edged
lower in Victoria and on Vancouver Island.
BC residential unit sales in December dipped 1.7 per cent to 4,186 units, while the average
MLS® residential price was 2.8 per cent lower than in December 2010.
To read the remaining details please go to
http://www.bcrea.bc.ca/docs/news-2012/2011-12.pdf
Kind Regards
Trish Cenci
Tel 250 864 1707
Email trishcenci@shaw.ca
BCREA announced their latest report on BC Real Estate today.
Whilst the news was good for the province as a whole figures were slightly disappointing for the Okanagan Mainline area.
reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC
climbed 14.3 per cent to $43.1 billion in 2011. A total of 76,817 homes were sold in BC in 2011,
up 2.9 per cent from 2010. The average annual MLS® residential price climbed 11.1 per cent to
$561,026 over the same period.
“Low mortgage interest rates and gradually
improving economic conditions contributed to a
moderate increase in consumer demand last year,”said Cameron Muir, BCREA Chief Economist.
“BC home sales came in about on par with their 15-
year average, but fell well below their ten-year
average of over 88,000 units.”
Vancouver, the Fraser Valley and the North
experienced the largest percentage increase in unit
sales last year, while consumer demand edged
lower in Victoria and on Vancouver Island.
BC residential unit sales in December dipped 1.7 per cent to 4,186 units, while the average
MLS® residential price was 2.8 per cent lower than in December 2010.
To read the remaining details please go to
http://www.bcrea.bc.ca/docs/news-2012/2011-12.pdf
Kind Regards
Trish Cenci
Tel 250 864 1707
Email trishcenci@shaw.ca
BCREA Housing Market Update & Mortgage Rate Forecast - December 2011
Hi All,
Here is the latest Market Update from the BC Real Estate Association and their Mortgage Forecast for 2012.
Kind Regards
Trish Cenci
Tel 250 864 1707
Here is the latest Market Update from the BC Real Estate Association and their Mortgage Forecast for 2012.
Kind Regards
Trish Cenci
Tel 250 864 1707
Report on BC Real Estate Sales from BCREA December 2011
Dear All,
I was reading the latest Real Estate Report from the BC Real Estate Association today, and thought you would like to see the latest update.
Things are really close to where they were at this time last year.
Kind Regards
Trish Cenci
Cell 250 864 1707
Vancouver, BC – December 14, 2011.
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province remained relatively unchanged in November compared to the same month last year. A total of 5,640 units were sold last month compared to 5,647 units in November 2010. The average MLS® residential price was up 1.1 per cent to $529,140 in November compared to the same month last year.
"Low mortgage interest rates remain a key driver in the housing market, helping to maintain affordability and purchasing power,” added Muir.
Year-to-date, BC residential sales dollar volume increased 15.5 per cent to $41 billion, compared to the same period last year. Residential unit sales increased 3.2 per cent to 72,632 units, while the average MLS® residential price rose 11.9 per cent to $563,991 over the same period.
Better news for BC Real Estate as Home Sales Climb Higher Outside Vancouver - BCREA
Dear All,
Vancouver, BC – November 15, 2011. The British Columbia Real Estate Association (BCREA)reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 6.5 per cent to 5,865 units in October compared to the same month last year.
The average MLS® residential price was up 2.6 per cent to $535,695 last month compared to October 2010.“BC home sales rose three per cent in October compared to September on a seasonally adjusted basis,” said Cameron Muir, BCREA Chief Economist.
“While consumer demand in Vancouver edged lower last month on a year-over year basis, strong increases were recorded in the Fraser Valley, Kamloops, Kootenay, the North and on Vancouver Island.”
“Total active residential listings in the province declined by 3,360 units in October from September. However, active listings were up 6.9 per cent from October 2010,” added Muir.
“Market conditions remained slightly in favour of home buyers last month.” Year-to-date, BC residential sales dollar volume increased 16.8 per cent to $38 billion, compared to the same period last year. Residential unit sales increased 3.5 per cent to 66,922 units, while the average MLS® residential price rose 12.9 per cent to $566,925 over the same period.
For the full report please view -:
http://www.bcrea.bc.ca/docs/news-2011/2011-10.pdf
I have been quite encouraged in the outlook for Real Estate in B.C. over the last week, having read the CMHC outlook last week and the BCREA report for October 2011.
I have attached the details below.
Kind Regards
Trish Cenci
Tel 250 864 1707
Vancouver, BC – November 15, 2011. The average MLS® residential price was up 2.6 per cent to $535,695 last month compared to October 2010.“BC home sales rose three per cent in October compared to September on a seasonally adjusted basis,” said Cameron Muir, BCREA Chief Economist.
“While consumer demand in Vancouver edged lower last month on a year-over year basis, strong increases were recorded in the Fraser Valley, Kamloops, Kootenay, the North and on Vancouver Island.”
“Total active residential listings in the province declined by 3,360 units in October from September. However, active listings were up 6.9 per cent from October 2010,” added Muir.
“Market conditions remained slightly in favour of home buyers last month.” Year-to-date, BC residential sales dollar volume increased 16.8 per cent to $38 billion, compared to the same period last year. Residential unit sales increased 3.5 per cent to 66,922 units, while the average MLS® residential price rose 12.9 per cent to $566,925 over the same period.
For the full report please view -:
http://www.bcrea.bc.ca/docs/news-2011/2011-10.pdf
BCREA Reports Home Sales Stable During Summer Month - September 2011 Update
(BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province
rose 16.4 per cent to 6,504 units in August compared to the same month last year.
The average MLS® residential price climbed 10.7 per cent to $539,953 last month compared to August 2010.
“BC home sales edged up one per cent in August compared to July on a seasonally adjusted basis,”
said Cameron Muir, BCREA Chief Economist.“Low mortgage interest rates continued to underpin housing demand in the province last month.”
“Total active listings in the province remained elevated in August,” added Muir. “Most regional markets exhibited buyer’s market conditions, meaning little upward pressure on home prices.
For the full report please view http://www.bcrea.bc.ca/news_room/2011-08.pdf
Kind regards
Trish Cenci
Tel 250 864 1707
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