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Strong BC Economy Fuels Growth in Commercial Real Estate

Vancouver, BC – August 31, 2016. The BCREA Commercial Leading Indicator (CLI) increased 1.7 index points in the second quarter of 2016, propelled higher by strong growth in the BC economy. The CLI index rose to a new high of 122.2, up 2.2 per cent compared to the second quarter of 2015. "The recent uptrend in the CLI is reflective of a strong underlying economy and accelerated employment growth," said BCREA Economist Brendon Ogmundson. "The CLI was further boosted by a...

BC Housing Demand Remains Strong Despite Fewer Vancouver Home Sales

Vancouver, BC – September 13, 2016. The British Columbia Real Estate Association (BCREA) reports that 8,945 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, up 1.5 per cent from the same month last year. Total sales dollar volume was $5.1 billion in August, down 6.7 per cent compared to the previous year. The average MLS® residential price in the province was $569,393, a decline of 8.1 per cent compared to the same month last year. "Strong...

Jurock’s Real Estate News

Nov.13 to Nov.20, 2014 THIS WEEK IN JUROCK'S REAL ESTATE INSIDER: CMHC'S HOUSING OUTLOOK IS ROSY AND REALISTIC CONDO LANDLORDS BANK ON INCOME HOTTEST B.C. MARKETS IN 2015 ASSESSMENT RULING UPROAR: MILLIONS, PERHAPS BILLIONS LESS IN TAX PAYMENTS INVESTORS AWAKEN TO SUNSHINE COAST MARIJUANA RULES AFFECT REAL ESTATE OIL PIPELINES NOT NEEDED? REALITY COULD AFFECT REAL ESTATE INVESTORS RENTAL INVESTORS: TIPS TO USING CMHC INSURANCE MORTGAGE DEBT SLOWS AS HOME SALES INCREASE CMHC's Housing Outlook Is Rosy And Realistic The annual Housing Outlook conference held by Canada Mortgage and Housing Corp. November...

Jurock’s Real Estate News

Nov.6 to Nov.13, 2014 THIS WEEK IN JUROCK'S REAL ESTATE INSIDER: BOB RENNIE EXPLAINS 20% THEORY A NEW MONEY HUB? FOR DEVELOPERS, IT IS ALL ABOUT THE DIRT METRO LAND WORTH MORE THAN WHAT IS ON IT WHERE CHINESE ARE BUYING IN THE U.S.A WINDSOR THE MOST AFFORDABLE CITY? NO CONTEST WITH WATERFRONT HOUSES FOR $164K TORONTO'S NEW CONDO MARKET REMAINS WHITE-HOT PWC'S PICK OF TOP CANADIAN CITIES FOR 2015 I N T E R N A T I O N A L: QUESTIONS, QUESTIONS Several questions this week regarding Japan's major...

Jurock’s Real Estate News

Oct.23 to Oct.30, 2014 "When a market goes down fast, you have no idea how low it can go." -Dennis Gartmann THIS WEEK: SUBURBS THAT ARE UNDER PERFORMING THE MARKET (OR HOW TO STAY IN METRO VANCOUVER) TOWNHOUSE PRICES A BEST BUY $600,000 PAYS FOR A LOT OF FERRY FARES BUYING A RENTAL WITH TENANTS IN PLACE WHAT APARTMENT MARKET GURUS ARE SAYING 7 HOT SASKATCHEWAN TOWNS RICH IMMIGRANT 'DECEPTION' COST CANADA BILLIONS HOT PROPERTIES SELL FAST HSBC IS NOW OFFERING A .99% MORTGAGE FOR 2 YEARS $75 OIL IMPACT IN PIPELINES? I...

Jurock’s Real Estate News

Oct.16 to Oct.23, 2014 "There is little success where there is little laughter." -Andrew Carnegie. THIS WEEK: BLACK WEDNESDAY STOCK CRASH SITE C DAM GIVEN GREEN LIGHT INSTANT TOWNS RISING IN NORTHERN BC BUCK THE LOONIE; BUY IN THE U.S. NOW CANADIANS BUY $563M IN U.S. COMMERCIAL REAL ESTATE - IN JUST SIX MONTHS SASKATCHEWAN LAND PRICES ARE SOARING VANCOUVER NEW HIGH-RISE CONDO SALES NEED ASIAN BUYERS AND LOTS OF THEM I N T E R N A T I O N A L: BLACK WEDNESDAY? With Toronto down 12% since...

Jurock’s Real Estate News

Oct.2 to Oct.9, 2014 FACTS THIS WEEK: EARLY VANCOUVER NUMBERS - BEST IN 4 YEARS CHINESE BUYERS WILL KEEP COMING IF WE DON'T BORE THEM TO DEATH TROUBLED CITIES SHOW REAL ESTATE RESILIENCE VANCOUVER LAND LISTINGS REVEAL TOWERING PRICES PROPERTY TAX RULING MAY AID B.C. RETAIL TENANTS DON'T SWEAT THE DOWNTURN IN US HOUSING SALES INTEREST RATE PREDICTIONS WITH A GRAIN OF SALT I N T E R N A T I O N A L: Chinese Buyers Will Keep Coming If We Don't Bore Them To Death There is...

Jurock’s Real Estate News

Sept. 25 to Oct. 2, 2014 FACTS THIS WEEK: THE RICH ARE MULTIPLYING AND TRENDS ARE EMERGING RICH-OTHER GAP HAS SPACE FOR ENTREPRENEURS MODULAR HOME PARKS MUCH BETTER DEAL IN THE U.S. 10 TIPS FOR INVESTORS TOUGH, FAIR AND SMART: PROPERTY MANAGEMENT NO PLACE FOR THE TIMID CHAOS WARNING IN VANCOUVER HOME BUILDING HARRISON HOT SPRINGS Questions, Questions Q: A lot of talk about the big Vancouver Housing crash in the Huffington Post. Ozzie, your thoughts please. A: Yes, Hilliard MacBeth was quoted saying just that: "...

Jurock’s Real Estate News

Sept. 17 to 24, 2014 "Never stop and say, 'I have done enough.' When you say that you are going backward, not forward." -Morley Greene FACTS BY EMAIL THIS WEEK: Real Estate Outlook 2015 Covered All The Bases Debt & Demographics Lessons From An Illustrious Career On The Ground In Northeast BC Two Alberta Towns To Invest In Now Formula For Investing In Phoenix Whistler: Move Fast For Opportunities Saltspring: A Love Power Of Property Management Tip Of The Week: MORTGAGING THE AGING - DISCRIMINATION? HOW DO YOU DO IT?! Real Estate Outlook...