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BCREA Stats Release

Housing Market Slows, but Resilient in Response to Pandemic Vancouver, BC – May 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 3,284 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2020, a...
Royal LePage Market Forecast

Royal LePage Market Forecast

Royal LePage Market Forecast: National Home Prices to Show Remarkable Resilience in 2020 Best case scenario forecast shows Canada’s aggregate home price could grow a modest 1% by the end of 2020 If the pandemic continues to heavily restrict business activity through...
BCREA Economics

BCREA Economics

BCREA Market Intelligence Report The latest BCREA Market Intelligence Report: Is It Different This Time? Recessions and the BC Housing Market examines the impact of past recessions on the BC housing market and provides preliminary projections on how COVID-19 may...
Pandemic Halts Sales Activity in March

Pandemic Halts Sales Activity in March

Pandemic Halts Sales Activity in March For the complete news release, including detailed statistics, click here. Vancouver, BC – April 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 6,717 residential unit sales were recorded by...

Bank of Canada announces emergency interest rate cut

In an emergency announcement on March 13th, 2020 the Bank of Canada announced a 0.5% reduction in its trend-setting overnight lending rate from 1.25% to 0.75%. This was a further reduction from the 0.5% cut announced just 9 days earlier at the regularly scheduled...