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BCREA 2011 Second Quarter Housing Forecast

(June 29, 2011, posted in BCREA Monthly Update)

The British Columbia Real Estate Association (BCREA) released its 2011 Second Quarter Housing Forecast today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 5 per cent from 74,640 units in 2010 to 78,200 units this year, before increasing a further 3.1 per cent to 80,700 units in 2012.

Home sales will post some modest gains over the next two years, said Cameron Muir... read more.

BC Home Sales Edge Lower in May

(June 15, 2011, posted in BCREA Monthly Update)

The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province edged down one per cent to 7,857 units in May compared to the same month last year. The average MLS® residential price climbed 20 per cent to $596,872 last month compared to May 2010.

"Tighter mortgage rules, tepid employment growth and advance buying during the... read more.

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