Terry Burgess  604-340-2928  Terry.Burgess@telus.net

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For immediate release

Housing Market Ends Year in Balanced Conditions

Vancouver, BC – December 12, 2014. The British Columbia Real Estate Association (BCREA)
reports that a total of 5,972 residential...

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For immediate release

Housing Demand Ratchets Higher in British Columbia
BCREA 2014 Fourth Quarter Housing Forecast


Vancouver, BC – November 18, 2014. The British Columbia Real Estate Association...

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What Do Vancouver’s July Real Estate Stats Mean To You?

 

 

REBGV: July 2014: 5 Year Home Price Index Trend

Stats At A Glance

 

 

To read the full report, Click on the Real Estate Board of Greater Vancouver's July 2014...

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What Do Vancouver’s June Real Estate Stats Mean To You?

 

 

REBGV: June 2014: 5 Year Home Price Index Trend

Stats At A Glance

 

 

To read the full report, Click on the Real Estate Board of Greater Vancouver's June 2014...

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BCREA: For immediate release - Vancouver, BC – June 13, 2014


The British Columbia Real Estate Association (BCREA) reports that a total of 8,729 residential sales were recorded by the Multiple Listing Service® (MLS®) in May, up 13.9% from May 2013. Total sales dollar volume was $4.9 billion, an increase of 20.6% compared to a year ago. The average MLS® residential price in the province rose to $565,233, up 5.8% from the same month last year.


Consumer demand was noticeably stronger last month, with unit sales posting their highest level for the month of May since 2007,” said Cameron Muir, BCREA Chief Economist. “Rock bottom mortgage rates are inducing many would-be home buyers to enter the market this spring.

With most BC markets now in balanced conditions, home prices are up in nine of 11 board areas,” added Muir.

 

During the first five months of the year, BC residential sales dollar volume was up nearly 26% to $18.8 billion, compared to the same period last year. Residential unit sales were up almost 17% to 32,894 units, while the average MLS® residential price was up 7.7% at $571,648.

 

Click on: Strongest May for Home Sales Since 2007 to read the full report.

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