Blogs

The BC housing market had a red-hot April.

British Columbia had its strongest April in more than a decade, according to the British Columbia Real Estate Association (BCREA).

Despite concerns about Alberta’s economic woes spilling over the border, BC’s province-wide sales in April were up to 9,952 transactions, a 28.7 percent increase from the year-ago period.

British Columbia is set to shine this year with economic growth higher than previously forecasted. The Conference Board of Canada has upgraded its prediction for provincial growth to 3 percent from the 2.6 percent it had suggested for BC last fall.

Homeowners in British Columbia and Alberta have the highest average mortgage debt according to StatsCan data.

The possibility of exporting liquefied natural gas (LNG) has fueled excitement in three resource-dependent communities in northwestern British Columbia, sending prices for single-family detached homes soaring.

With assessed values for detached houses having more than doubled in Kitimat over a three-year period, this increase arose during the expansion of Rio Tinto Alcan’s aluminum smelter and speculation about LNG projects.

The new Homeless Prevention Program (HPP) will assist British Columbians who are at risk of becoming homeless.

Supporting four at-risk groups with finding homes in the private market, rent supplements, and support services, these groups include: youth transitioning out of foster care, women who have experienced violence or are at risk of violence, individuals leaving the hospital and correctional systems, and Aboriginal people.