STATS ON BOWEN - March 2021
Posted on Apr 11, 2021
Proposed June increase in mortgage stress test rate could reduce buying power for some.
Comparing the last 12 months of activity (YoY), the MLS® Home Price Index or benchmark price for a detached home on Bowen Island in March 2021 had increased 15.6 per cent over March 2020—up $27,866 to $1,101,533—the highest percentage increase in Metro Vancouver...
Q2 and Q3 2021 will continue to reward sellers
Posted on Apr 03, 2021
Where is the real estate market going in Q2 and Q3 of 2021 and beyond? Well not to infinity, but in the short term most predictions are of continued growth through 2021 and slowing through 2022.
The mid-March Canadian Real Estate Association quarterly forecast predicts national home sales to “fall by 12.6% [...] in 2022. This easing trend is expect...
The mid-March Canadian Real Estate Association quarterly forecast predicts national home sales to “fall by 12.6% [...] in 2022. This easing trend is expect...
STATS ON BOWEN - February 2021
Posted on Mar 13, 2021
After a sharp increase in Average Sale Price from June through November 2020 (+39.2 per cent), the curve flattened and declined slightly (-1.5 per cent) December through February. Year-over-year the Average Sale Price was up by +35.8 per cent over February 2020—the largest increase recorded across the Real Estate Board of Greater Vancouver, includ...
STATS ON BOWEN - January 2021
Posted on Feb 10, 2021
"After an unprecedented and often surprising performance in 2020, the provincial housing market is set up for a very strong year in 2021,” said Brendon Ogmundson, BCREA Chief Economist. “A strong economic recovery and record-low mortgage rates will continue to drive strong demand this year.
On the supply side, new listings activity recovered through...
On the supply side, new listings activity recovered through...
Mortgage Rate Forecast
Posted on Jan 29, 2021
British Columbia Real Estate Association (BCREA) predicts low mortgage rates to remain low until 2023.
Very low inventory levels in all categories have created upward pressure on home prices and low inventory levels have reduced competition in the market, resulting in a strong seller's market entering into 2021.
On the buyer's side, record low mortga...
"We expect considerable momentum heading into 2021"
Posted on Jan 15, 2021
BCREA Housing Market Update - January 2012
Vancouver, BC – January 13, 2021.
The British Columbia Real Estate Association (BCREA) reports that a total of 93,953 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2020, an increase of 21.5 per cent from the 77,350 units sold in 2019. The annual average MLS® residential pric...
