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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...

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imageThe 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....

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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...

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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...
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Moe Pourtaghi


"Nothing brings me more joy than seeing my buyers & sellers have success in their Real Estate endeavours. I hope you find the articles on my blog inspiring and educating in your ventures." - Moe Pourtaghi

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.