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June 2017

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Housing inventory at 20-year low, B.C. Real Estate Association says.

The BCREA, the provincial real estate professional association, says the supply of homes for sale is down 17 per cent from April 2016 and down 50 per cent since 2012 after adjusting for seasonal variance.

"We're really in almost uncharted territory where we see overall active listings in the market have been steadily declining for many years," said Cameron Muir, the BCREA's chief economist. "That has certainly lead to upward pressure in prices in most markets in the southern half of the province right now."

 
 

Monthly Local Market Update

May is behind us and it is time for our monthly check in on real estate listings and sales numbers in your area. Are you on trend with the province-wide inventory shortages or does your neighbourhood buck the trend? Click your city below to find out.

 

Abbotsford

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Cloverdale

Coquitlam

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Surrey

North Vancouver

Parksville

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Victoria

Vernon

West Vancouver

Whistler

4 Home-Buying Mistakes That Trip Up Unmarried Couples

Many couples are buying a home together before tying the knot. In fact, 1 in 4 homeowners said they purchased a home with their significant other before marriage, according to a 2016 survey by TD Bank.

Mortgage Architects share background on getting a home load as an unmarried couple to help prevent these 4 common mistakes.

 

B.C. Real Estate News

LOWER MAINLAND

Greater Vancouver home sales edging back to record levels according to real estate board (CBC News)

'This is an ugly market': A look at Langley, Abbotsford and Chilliwack real estate (CBC News)

Scarce condo supply in Metro Vancouver squeezes would-be buyers from market (CBC News)

35-story tower proposed in North Delta (Surrey Now-Leader)

Who’s buying homes in the Tri-Cities now? (Tricity News)

VICTORIA & VANCOUVER ISLAND

Victoria ranked second in world for luxury real estate (Chek)

Buyers getting more choice as inventory levels inch higher (Times Colonist)

Construction can't match demand for housing in Nanaimo (Nanaimo News Now)

OKANAGAN

Kelowna's diverse real estate market showing no signs of slowing down (Kelowna Now)

 
 

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