The BCREA Commercial Leading Indicator (CLI) rose for the second consecutive quarter, increasing 1.2 points from the first quarter of 2013.

The index is currently sitting at 113.4. On a year-over-year basis, the CLI is 0.2 per cent above the second quarter of 2012. The index reached an all-time high of 116.1 in the second quarter of 2007.

An increasing CLI in the first half of 2013 offset a sharp decline...

The British Columbia Real Estate Association (BCREA) released its 2013 Third Quarter Housing Forecast Update recently.

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 3.9 per cent to 70,300 units this year, before increasing a further 6.1 per cent to 74,600 units in 2014.

The five-year average is 74,600 unit sales, while the ten-year average is 86,800 unit sales....

Long-term mortgage rates have burst higher by almost ¾ of a percentage point in the short time span of a couple months!

Are these hikes are sustainable? How will they affect the overall housing market?

TD Economics weighed in on these points in a report last week. Here’s a quick overview of the implications TD foresees, and some observations of our own…

Future...

One of life's big milestones: The First Apartment. 

It's a symbol of young adult life, of freedom from your parents, of complete reign over what and when you eat for dinner! But with this beacon of independence comes a list of things to be weary of. Don't be blinded by the excitement of the experience! Here are the 7 Deadly Sins of First Time Renters.

1. Underestimating the Cost...