Tagged: Low Mortgage

B.C. Economic Forecast 2010 – 2013

B.C. Economic Forecast 2010 – 2013

B.C.’s economic growth will slow during 2011 in sync with the global economic slowdown, the winding down of fiscal stimulus, and a weaker comparison to the 2010 Winter Olympic boost.

Vancouver real estate ‘bubble’ an ‘accident waiting to happen’

Vancouver real estate ‘bubble’ an ‘accident waiting to happen’

Steep housing price increases in six of Canada’s hottest real estate markets since 2002 have all the hallmarks of an “accident waiting to happen” if mortgage rates rise too sharply, warns a new report.

B.C. posts dramatic drop in July real estate sales

B.C. posts dramatic drop in July real estate sales

A year ago, British Columbia’s real estate markets were rising to a peak in sales. In July, they dramatically fell off it.

Sharp drops in sales in B.C.’s biggest markets led the province to a 42-per-cent decline in July sales through the Multiple Listing Service compared with the same month a year ago, the B.C. Real Estate Association reported Thursday.