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: Resale Market
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.
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.
Housing prices rose for the 15th straight month in July, but by the smallest margin in four months, according to a national index released Wednesday.
And for the first time in four months, prices failed to rise above the previous month’s in all of the six metropolitan areas measured in the Teranet-National Bank house price index.