Blog and Stats Report

STATS ON BOWEN - May 2020

Posted on Jun 13, 2020

https://www.bcrea.bc.ca/economics/bcrea-2020-second-quarter-housing-forecast-bc-homes-sales-to-post-strong-recovery-in-2021/

Home prices have remained firm in the early stages of this recession.

The COVID-19 pandemic has resulted in sudden and dramatic changes in every aspect of life, and as the curve flattens in BC, economists are addressing the que...

BCREA Report - COVID-19

Posted on Jun 10, 2020

The BC Real Estate Association report on the economy and the real estate market*:

While these are not normal times and there remains tremendous uncertainty, home prices have remained firm in the early stages of this recession. Without a sharp rise in inventory, the ultimate impact of dramatically slowing sales on home prices may be somewhat muted. T...

YoY at April 2020 the MLS® Home Price Index was down -4.8 per cent from 2019, at April 2019 it was up +3.7 per
cent, at April 2018 it was up +15.3 per cent., and the YoY MLS® HPI for Bowen at April 2020 was up +17.7 per cent
from April 2017 (the second highest of Metro Vancouver municipalities–Langley City was the highest at +18.4 per
cent).

The MLS® H...

STATS ON BOWEN - March 2020

Posted on Apr 11, 2020

The COVID-19 crisis had an immediate impact on Bowen Island after mid-March, slowing real estate activity on Bowen Island. The 3 sales of detached homes recorded in March all closed before March 15, and there was 1 cancelled listing, 2 expired listings, and 8 new listings, leaving 24 active listings at the end of March 2020.

Although new listings fo...

COVID-19 and Bowen Real Estate

Posted on Mar 20, 2020

Figure A and B illustrate the BCREA (BC Real Estate Association) scenarios on the potential impact of COVID-19 on the BC housing market.*

“While it’s unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic activity with little guidance to when things may return to normal. Based on...

STATS ON BOWEN - February 2020

Posted on Mar 19, 2020

Recovery slow and will be further slowed by the impact of COVID-19 Bowen Island year-over-year comparisons for February show a market still in recovery. How COVID-19 will affect the market will governed by a number of factors: Will lower interest rates encourage buyers? Will stock market losses discourage buyers or will they perceive real estate as...

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