BC Home Sales to Reach 100,000 Units in 2015!

For only the third time in BC, Multiple Listing Service® (MLS®) residential sales are expected to reach 100,000 units in 2015. Housing demand has not been this robust since 2007 when 102,800 homes traded hands. A record 106,300 MLS® residential sales were recorded in 2005. “While rock-bottom mortgage interest rates and BC’s nation leading economic…


Elevated Home Sales Point to Strong Consumer Confidence

“Consumer confidence is brimming in the fastest growing economy in the country,” said Cameron Muir, BCREA Chief Economist. “Broad-based consumer demand continues to push BC home sales higher in every region except the more resource dependent northern markets”. “Tighter market conditions are driving home prices higher as supply struggles to keep up with demand,” added…