The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 36 per cent to 5,507 units in October compared to the same month last year.
Tagged: New Homes
Housing starts in British Columbia will hold steady then gradually rise next year, according to Canada Mortgage and Housing Corporation (CMHC)â€™s Housing Market Report published today.
The British Columbia Real Estate Association (BCREA) released its Fall Housing Forecast 2010 today.
The Canadian residential mortgage market crossed the $1-trillion threshold for the first time this year as higher prices forced many to borrow heavily to finance their new homes and low interest rates encouraged many more to refinance.
According to Canada Mortgage and Housing Corporation (CMHC), there were 1,447 housing starts in October in the Vancouver Census Metropolitan Area (CMA), bringing the year-to-date total to 12,584 homes.
After a strong finish to 2009, and a robust first quarter of 2010, housing starts have moderated.
Bordered by the Coast Mountain Range and the Pacific Ocean, Vancouver is not only recognizable as one of the worldâ€™s most scenic cities but is renowned for its innovative programs in the area of sustainability.