BC Real estate market news
Posted by Steve Harmer on
Sharp drop in B.C. home sales should be followed by steady recovery: BCREA
Ban on open houses foreshadows short- to mid-term trouble for property sales, as COVID-19 infects all aspects of the market
As COVID-19 makes its way around the globe, it is also bulldozing its way through the economy. While airlines and event venues were the first to be infected, many are anxious about how the virus will affect other parts of the economy, including the real estate market – which made up 17.4 per cent of B.C.’s GDP in 2018.
Earlier this month, B.C. real estate brokers cancelled all open houses. When houses aren’t shown they become more difficult to sell, and when houses aren’t selling the broader market suffers. While the outlook doesn’t look good, it is…
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COVID-19 has hit 2020 like a wrecking ball, slowly making its way across borders.
The Province is proposing more residential flexibility for people living in the Agricultural Land Reserve (ALR) as outlined in a new policy intentions paper released Jan. 27, 2020, by the Ministry of Agriculture.
Vancouver, BC – March 12, 2019.
If you are a baby boomer, this might sound familiar: You moved out of your parent’s home as soon as you graduated from high school; you lived in a place you rented – maybe even a ‘room’ in a larger house, where you shared the bathroom with the other tenants; you could put all your belongings in one small bag; and you saved up to buy a car.
Everybody knows that British Columbia in Canada takes pride in its most temperate climate and the most breathtaking views. But everyone also knows it is the most expensive province to live in Canada.
Real estate association offers optimistic forecast, saying buyers are gradually “adjusting” to mortgage stress test
A special thank you to my past and present clients, friends and family for another great year.