The British Columbia Real Estate Association (BCREA) reports that a total of 72,936 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during 2013, up 7.8 per cent from 2012. The five-year average is 75,400 units, while the ten-year average is 84,800 units. Total sales dollar volume was $39.2 billion, an increase of 12.6 per cent compared to 2012. The average annual MLS® residential price in the province rose to $537,414 last year, up 4.4 per cent from 2012.

“After declining nearly 12 per cent in 2012, home sales...

Housing starts in Canada were trending at 195,760 units in December compared to 196,430 in November, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.

“The trend in housing starts has remained essentially stable since October 2013. Housing demand continues to be healthy in Canada. The trend in existing home sales has been increasing since April 2013, while the trend in inventories of newly completed and unabsorbed homes has...

The Greater Vancouver housing market maintained a consistent balance between demand and supply throughout 2013.

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2013 reached 28,524, a 14 per cent increase from the 25,032 sales recorded in 2012, and an 11.9 per cent decrease from the 32,390 residential sales in 2011.

“Home sales quietly improved last year compared to 2012, although the volume of activity didn’t compare to some of the record-breaking years we experienced over the last decade,” Sandra Wyant,...

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service^® (MLS^®) Systems of Canadian real estate Boards and Associations in 2013 and 2014.

Stronger than expected activity through summer and early autumn was widely thought to reflect the transient influence of buyers with pre-approved mortgage financing making purchases before their lower pre-approved rates expired. A drop-off in sales during the fourth quarter to date further suggests this was indeed the case.

Although monthly sales volatility has increased in recent years,...

TheBritish Columbia Real Estate Association (BCREA) reports that a total of 5,490 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during November, up 17.3 per cent from November 2012. Total sales dollar volume was 36 per cent higher than a year ago at $3.06 billion. The average MLS® residential price in the province was $557,586, up 15.9 per cent from November 2012.

"While home sales were up year-over-year, they eased back from October as slow economic growth and anemic job creation negatively impacted consumer demand,” said Cameron Muir, BCREA Chief...

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were little changed in November compared to October. 

Highlights:

• National home sales edged 0.1% lower from October to November.
• Actual (not seasonally adjusted) activity was 5.9% above November 2012 levels.
• The number of newly listed homes rose 1.8% from October to November.
• The Canadian housing market remains in balanced territory.
• The national average sale price rose 9.8% on a year-over-year basis in November.
• The MLS® Home Price Index (HPI) rose 4.1% year-over-year in November....

Consistent home sale and listing activity has allowed balanced market conditions to prevail in the Greater Vancouver housing market for most of 2013.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,321 on the Multiple Listing Service® (MLS®) in November 2013. This represents a 37.7 per cent increase compared to the 1,686 sales recorded in November 2012, and a 12.8 per cent decline compared to the 2,661 sales in October 2013.

Last month’s sales were 1.2 per cent below the 10-year sales average for the month, while...

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2 Bed, 2 Bath, 2 Level, 1086 SqFt

Prices at $398,800

Open House Nov 9 from 2:00 to 4:00

123 9229 University

Burnaby, BC

Simon Fraser University, UniverCity

Detached style living with strata convenience! This extremely bright 2level/2bed/2full bath, 1086sqft home is in great condition & shows very well. You will not be disappointed. Features: open layout, excellent room separation, largekitchen w/eating area & SS apps & your own patio. The spacious mstr has 3pc ensuite & tons of closet space & 2nd bed is excellent sized. The Serenity...

Home buyer and seller activity continues to mirror historical averages in the Greater Vancouver housing market. These trends have helped keep the region in a balanced state for the last nine months.

The Real Estate Board of Greater Vancouver reports that residential property sales in Greater Vancouver reached 2,661 on the Multiple Listing Service® (MLS®) in October 2013. This is a 37.8 per cent increase compared to the 1,931 sales recorded in October 2012, and a 7.2 per cent increase from the 2,483 sales recorded in September 2013.

New listings for attached, detached and apartment properties...

OTTAWA, October 31, 2013 — Canada Mortgage and Housing Corporation (CMHC) expects total housing starts to be stable in 2014, as fundamentals, such as employment growth and migration, continue to support the Canadian housing market, according to CMHC’s fourth quarter 2013 Housing Market Outlook, Canada Edition¹.

“In the new home market, builders are nevertheless expected to limit the number of housing starts while inventories of unabsorbed units, completed and under construction, are drawn down,” said Mathieu Laberge, Deputy Chief Economist for CMHC. “In the resale market,...

Ottawa - 

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

The global economy is expected to expand modestly in 2013, although its near-term dynamic has changed and the composition of growth is now slightly less favourable for Canada. The U.S. economy is softer than expected but as fiscal headwinds dissipate and household deleveraging ends, growth should accelerate through 2014 and 2015. The nascent recovery in Europe, while modest, has surprised on...

The British Columbia Real Estate Association (BCREA) released its 2013 Fourth Quarter Housing Forecast today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 6 per cent to 71,700 units this year, before increasing a further 6.3 per cent to 76,200 units in 2014. The five-year average is 74,600 unit sales, while the ten-year average is 86,800 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.

"Consumer demand has bounced back after waning for most of 2012,” said Cameron Muir, BCREA Chief Economist. “With higher interest...

Vancouver, BC – October 15, 2013.  TheBritish Columbia Real Estate Association (BCREA) reports that a total of 6,498 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during September, up 43.2 per cent from September 2012. Total sales dollar volume was 55.7 per cent higher than a year ago at $3.49 billion. The average MLS® residential price in the province was $537,458, up 8.8 per cent from September 2012.

"Consumer demand for housing in September was the strongest in four years,” said Cameron Muir, BCREA Chief Economist. “After declining...

Home buyer and seller activity in the Greater Vancouver housing market continues to far outpace 2012, yet is in line with the region’s 10-year averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,483 on the Multiple Listing Service® (MLS®) in September 2013. This represents a 63.8 per cent increase compared to the 1,516 sales recorded in September 2012, and a 1.2 per cent decline compared to the 2,514 sales in August 2013.

Last month’s sales were 1 per cent below the 10-year sales average for the month,...

One of the Best Locations SFU has to offer

Highland House

301 9025 Highland Crt

Burnaby, BC

Listed at $239,900

Simply one of the best locations that SFU has to offer. Highland House, built by award winning Liberty Homes, is the newest development to come to UniverCity, Vancouver's premier lifestyle neighborhood. Located next to the new childcarefacility, steps away from the bus loop & shops and a short walk to campus; the location cannot be beat. This junior 1 bed/1bath/400sqft home offers contemporary style finishing, excellent functional layout, laminate flooring throughout, stainless...

TheBritish Columbia Real Estate Association (BCREA) reports that a total of 6,863 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during August, up 28.6 per cent from August 2012. Total sales dollar volume was 39.7 per cent higher than a year ago at $3.66 billion. The average MLS® residential price in the province was $533,400, up 8.6 per cent from August 2012.

August activity in the Greater Vancouver housing market finished well above last year’s pace and slightly below the 10-year average for the month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,514 on the Multiple Listing Service® (MLS®) in August 2013. This represents a 52.5 per cent increase compared to the 1,649 sales recorded in August 2012, and a 14.7 per cent decline compared to the 2,946 sales in July 2013.

Last month’s sales were 4.6 per cent below the 10-year sales average for the month.

“We...

One of the Best Locations SFU has to offer

Highland House

401 9025 Highland Crt

Burnaby, BC

Listed at $249,800

Simply one of the best locations that SFU has to offer. Highland House, built by award winning Liberty Homes, is the newest development to come to UniverCity, Vancouver's premier lifestyle neighborhood. Located next to the new childcarefacility, steps away from the bus loop & shops and a short walk to campus; the location cannot be beat. This junior 1 bed/1bath/400sqft home offers contemporary style finishing, excellent functional layout, laminate flooring throughout, stainless...

Concrete Penthouse Home

270 Degree Views of Mountains, Water, City 

1003 9232 University Cr.,

Burnaby, BC

Novo II

Listed at $414,900

Gorgeous! The only way to describe this penthouse unit in Novo II, a concrete building located in UniverCity; Vancouver's premier lifestyle neighborhood. This 2bed/2bath/851sqft home is simply a must see. An amazing private rooftop deck offering stunning mountain, water & city light views that will exceed your expectations; perfect for entertaining. Laminate floors throughout, stainless apps, granite counters, open layout, breakfast bar, storage...