Joni & Gail's Blog about property for sale on the Sunshine Coast

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Affordability Continues to Weigh on Housing Demand

May 14th, 2019

For the complete news release, including detailed statistics, click here. For immediate release Affordability Continues to Weigh on Housing Demand Vancouver, BC – May 14, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,652 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, a decline of 18.9 per cent from the same ...

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Stress Test Creating Pent up demand!

April 15th, 2019

For the complete news release, including detailed statistics, click here. For immediate release Stress Test Creating Pent-up Demand Vancouver, BC – April 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 5,707 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, a decline of 23 per cent from the same month last year ...

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News for Buyers CMHC could kick in 10%!

March 22nd, 2019

The government is earmarking $1.25B over 3 years for something it's calling a 'shared equity mortgage'The federal budget unveiled on Tuesday includes a plan that could see Canada's housing agency, the CMHC, pitch in up to 10 per cent of the purchase price of a home, if the prospective buyer qualifies. (Ty Wright/Bloomberg) The 2019 federal budget includes a tantalizing pitch for prospective ...

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Housing Market Update (March 2019)

March 15th, 2019

Click on image to watch BCREA Deputy Chief Economist Brendon Ogmundson discuss the February 2019 statistics: Click here to visit BCREA's YouTube channel. Read the news release here. For inquiries regarding statistical and economics-related news releases, please contact: Cameron MuirChief Economist604.742.2780cmuir@bcrea.bc.ca Brendon OgmundsonDeputy Chief Economist604.742.2796 ...

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B-20 Stress Test Needs Revision to Improve Housing Affordability

March 13th, 2019

For Immediate ReleaseB-20 Stress Test Needs Revision to Improve Housing AffordabilityVancouver, BC – March 12, 2019. The British Columbia Real Estate Association (BCREA) is calling on the federal government to revisit the B-20 stress test so that more BC families can achieve their dream of homeownership. Mortgage lending rules, known as the B-20 stress test, have eroded housing affordabilit ...

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Housing Market Adjusts to Mortgage Stress Test: BCREA 2019 First Quarter Housing Forecast Update

February 26th, 2019

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Ozz Buzz

February 21st, 2019

QUOTE FROM OZZIE JURROCK "Markets become the stories people tell about them... and they are all negative now. As a buyer: Rejoice... realtors have time, multiple offers are dead, and owners look at offers! As the owner Forget the 47% downturn! 53% of all houses are selling! Act to get your sale into the 53%! How? "Look at 21 ways to make your home sell faster." Free at www.jurock.com

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Policy-Induced Housing Slowdown Continues into 2019

February 15th, 2019

For the complete news release, including detailed statistics, click here. For immediate release Policy-Induced Housing Slowdown Continues into 2019 Vancouver, BC – February 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 3,546 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January, a decline of 33.2 per cent from t ...

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Sunshine Coast Market Review Week ending February 13, 2019

February 15th, 2019

SC Weekly statsNumbers for the past 7 days are as follows: New Listings 18 Price Changes 10 Sales 14 SUMMARY: Detached - Current Listings 287 18 Sold since Jan. 1, 2019 Median Price $577,200. Attached - Current Listings 60 14 Sold since Jan 1, 2019 Median Price $492,500. Land - Current Listings 177 14 Sold since Jan 1, 2019 Median Price $300,721 If you have friends or family who w ...

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