Residential sales activity in the area served by the BC Northern real estate board rose in the second quarter of 2021 compared to the second quarter of 2020. Residential property sales numbered 1,736 units in the second quarter of 2021, more than double the levels from a year earlier, rising 100.9% compared to the same quarter in 2020. This was the highest number of residential sales ever recorded...
Changes in population from migration and immigration Positive international immigration added to gains from to inter-provincial migration, resulting in a net increase of 28,344 people to British Columbia’s population in the second quarter of 2021. This was well above the number of people who came during the previous second quarter and was a new second quarter record for any year. Changes...
In a scheduled announcement on September 8th, 2021, the Bank of Canada kept its target for the overnight lending rate at its effective lower bound of 0.25%. The Bank will also be maintaining its Quantitative Easing program with a target of up to $2 billion of Government of Canada bonds weekly. The Bank said Canadian economic growth in the second quarter...
Ottawa, ON, September 15, 2021 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed between July and August 2021. HIGHLIGHTS National home sales edged back 0.5% on a month-over-month basis in August;Actual (not seasonally adjusted) activity was down 14% on a year-over-year basis;The number of newly listed properties ticked up...
A report funded by the Canadian liquefied natural gas industry estimates that creating a 56-million-tonnes-per-year LNG industry in B.C. would result in nearly 100,000 jobs. The Conference Board of Canada report, funded by the Canadian LNG Alliance, examines a scenario where 56 million tonnes per year of LNG is produced by 2034, including an expansion of the $40-billion LNG Canada project now under...
BC Northern Real Estate Board MLS® home sales decline from last August but remain above average The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 491 units in August 2021. This decreased by 8.9% from August 2020. Home sales were 8.1% above the five-year average and 14.1% above the 10-year average for the month of August. On a...