Home Sales Up Slightly on Bank of Canada Rate Cuts
Posted on Aug 13, 2024 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that 6,943 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in July 2024, a 2 per cent decrease from July 2023. The average MLS® residential price in BC in July 2024 was down 0.8 per cent at $959,480 compared to an average price of $967,298 in July 2023. Th...
Housing Market Update for July 2024 (Video)
Posted on Aug 09, 2024 in Market Insights Videos
The trend of buyers remaining hesitant, that began a few months ago, continued in the July data despite a fresh quarter percentage point cut to the Bank of Canada’s policy rate.
More selection not translating to more transactions
Posted on Aug 03, 2024 in Vancouver Update
On the demand side, the Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,333 in July 2024, a 5...