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.

Housing starts in Canada were down for the fifth consecutive month in February, according to the latest figures by the Canadian Mortgage and Housing Corporation (CMHC). Plunging to their weakest level since 2009, the drop has been partly blamed on severe winter weather conditions that nonetheless have added to fears that Canada’s post-recession housing boom will stall this year.

According to Canada Mortgage and Housing Corporation (CMHC), the trend measure of housing starts in Canada was 189,837 units in August compared to 189,596 in July.  The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.