Market Implications of Foreign Buyers
BCREA has released its research on housing affordability and the market implications of foreign buyers in Metro Vancouver. It reports data and analysis that shows fears of foreign investors driving housing prices as unfounded and offers alternative reasoning to what drives single-detached home values, such as, land scarcity, population growth and densification. It is an updated version of the research report that was shared with the provincial government in May 2015.
Journey of Discovery Research
If organized real estate is to effectively adapt to and proactively initiate change, which we believe is necessary now more than ever, we need to understand where the greatest contributions of products and services could be to increase the innovation of REALTORS® in service of their clients. The Journey of Discovery is a commitment by BCREA leadership to gather the research so that we may strategically address critical issues facing our industry over the next five years. Read more >>
The BCREA CLI declined in the second quarter by 0.4 points to 120.6, the first decline in the index since the beginning of 2014. . . more >>
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In its 2015 Third Quarter Housing Forecast Update, BCREA reported that BC 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. . . more >>
Watch BCREA Chief Economist Cameron Muir discuss the July 2015 statistics:
BCREA reports that a total of 10,247 residential unit sales were recorded by the MLS® in July, up 20.7 per cent from the same month last year. . . more >>