The British
Columbia Real Estate Association (BCREA) reports that the dollar volume of
homes sold through the Multiple Listing Service® (MLS®) in BC declined 25.4 per
cent to $2.6 billion in August compared to the same month last year. A total of
5,337 MLS® residential unit sales were recorded over the same period, down 17.9
per cent from August 2011. The average MLS® residential price was $491,145, 9.0
per cent lower than a year ago.
"Consumer
demand continued to trend lower in August," said Cameron Muir, BCREA Chief
Economist. "Tighter mortgage credit conditions introduced in July appear
to be taking a toll on an already tentative market. However, with home sales
slower than improving economic conditions suggest, a rebound may be in store
before year-end."
Year-to-date, BC residential sales dollar volume declined 17.5
per cent to $26.2 billion, compared to the same period last year. Residential
unit sales dipped 9.1 per cent to 50,131 units, while the average MLS®
residential price was 9.3 per cent lower at $521,599.
Copyright BCREA reprinted with permission
Tuesday, September 25, 2012
Wednesday, September 5, 2012
Best Rate Mortgages September4, 2012
Terms
|
Dominion Lending Rates
|
Cost Per
$1,000.
|
6
months
|
4.45%
|
$5.01
|
1
yr
|
2.89%
|
$4.15
|
2
yrs
|
3.09%
|
$4.25
|
3
yrs
|
3.19%
|
$4.32
|
4
yrs
|
3.29%
|
$4.37
|
5
yrs
|
3.19%
|
$4.32
|
7
yrs
|
3.99%
|
$4.75
|
10
yrs
|
4.69%
|
$5.18
|
Prime
Rate
|
3.00%
|
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