BCREA 2024 First Quarter Housing Forecast Update: BC HousingMarket Set to Rebound Amidst Changing Interest Rate Environment

Posted on Jan 28, 2024

Author Brendon Ogmundson Chief Economist BCREA

Vancouver, BC – January 25, 2024. The British Columbia Real Estate Association (BCREA) released its 2024 First Quarter Housing Forecast today.
Multiple Listing Service® (MLS®) residential sales in BC are forecast to increase 7.8 per cent to 78,775 units this year. In 2025, MLS® residential sales are fore...

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Prohibition on Rental and Age Restrictions in Strata Buildings #556

Posted on Feb 07, 2023

Posted by
Lisa Niro
Bell Alliance LLP

On November 24, 2022, Bill 44, the Building and Strata Statutes Amendment Act, 2022 (the “Act”), was enacted and removed most rental and age restrictions in strata buildings.  The amendments became effective immediately on November 24, 2022.REALTORS® need to be aware of the impact of these changes for existing owne...

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Canadian Housing Markets Cruising Between Pre-Pandemic and Peak-Pandemic Levels 

Posted on Aug 25, 2021

The July Canadian housing numbers are in and it was yet another slowdown on the sales side, making four months in a row; albeit, from completely unbelievable (and certainly unsustainable) levels back in March. So, not a big surprise.That said, it was also the smallest of those four straight monthly declines, so it looks like activity may be startin...

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Is now the time to invest in an income property? 

Posted on Jun 08, 2021

When Monique Geurts and her husband Caspar purchased Victoria Cottages – located in Victoria-by-the-sea, a village on the south shore of Prince Edward Island – none of the six cottages had electricity or running water. Many of them had become the homes of neighbourhood foxes and raccoons. But the family was ready to put in the work to get the perfe...

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Interest Rates Remain on Hold but Changes Could be Coming Sooner than Previously Thought

Posted on May 25, 2021

Interest Rates Remain on Hold—but Changes Could be Coming Sooner Than Previously Thought
In a scheduled announcement on April 21, 2021, the Bank of Canada kept its target for the overnight lending rate at its effective lower bound of 0.25%. While the Bank once again signaled it will continue to keep rates low until economic slack is absorbed and inf...

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