Category: News

BC Home Sales Trend Higher

BC Home Sales Trend Higher

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.

British Columbia Housing Market Outlook for 2011

British Columbia Housing Market Outlook for 2011

Housing starts in British Columbia will hold steady then gradually rise next year, according to Canada Mortgage and Housing Corporation (CMHC)’s Housing Market Report published today.

Canadian mortgage debt tops $1-trillion for first time

Canadian mortgage debt tops $1-trillion for first time

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.

CREA lowers home sales and price forecasts

CREA lowers home sales and price forecasts

Housing activity in the country is slowing down after a busy first half, especially in British Columbia, Alberta and Ontario where prices are expected to fall in the coming months.