When looking at the numbers coming out of August 2022, the team is beginning to see the dust settle in British Columbia’s real estate markets. Though still falling below the 10-year average, resales in August improved from a historical perspective relative to what we saw in June and July.
On October 15th, British Columbians in municipalities across the province will go to their local poll stations to select 10 new (or returning) councillors as well as a new or returning mayor.
The MLA Black Book is a quarterly detailed overview of the pre-sale real estate marketplace spanning the Greater Vancouver and Fraser Valley regions.
The University of British Columbia, Okanagan recently announced its commitment to a second campus, one located in the downtown core of Kelowna. In late July, a revamped version of the project – which was initially brought forward in 2020 – was approved by Kelowna city council.
Over the past few weeks, MLA Canada’s Advisory team gathered and interpreted market reports to identify and summarize market trends seen in the month of July.
Investors, owners, potential buyers, and real estate agents alike have been keeping both eyes on the shift in the Metro Vancouver market as of late.
In current market conditions, it’s easy to be consumed by negative headlines on the news speaking to the shift in today’s market. However, it’s rare – and yet crucial – to take a step back and look at the larger picture: one that observes the larger flow of modern-day market cycles.
