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December 2016

Found 3 blog entries for December 2016.

The BC Government announced a program to assist first time home buyers with their down payment and entering the marketplace. It is available for first time buyers on purchases up to $750,000 in BC.

Read on for full news release from BC Real Estate Association.

Please click to contact us or call 250.386.8181 now! The Neal Estate Team for further details and assistance with your real estate needs!

BCREA Applauds the New BC HOME Partnership Program 

Vancouver, BC – December 15, 2016.  REALTORS® and the British Columbia Real Estate Association (BCREA) welcome the announcement by Premier Clark and Minister Coleman of the new BC Home Owner Mortgage and Equity Partnership program.

“The introduction of this program will address the affordability

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Extreme lack of inventory continues to be a significant factor in our market with the number of available listings for sale down to 1,815 at the end of November, the lowest I recall seeing in 25 years. That’s 38.5% fewer than the 2,952 for sale than at the end of November last year. It’s hard to imagine the supply shrinking any further, but seasonally we normally see selection diminish at this time of year before turning around and picking up as the New Year begins.

The number of sales declined understandably given the lack of choice available for sale. There were 599 properties sold in November, down from 735 the previous month and still slightly more than the 573 properties sold in November last year.

We have seen an increase in the number of

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