BCREA Mortgage Rate Forecast for December 2024

The BC Real Estate Association published its recent Mortgage Rate Forecast for December 2024. Some of the key points are included below.

Highlights:
* Bond markets searching for clarity on the outlook for growth and inflation as tariffs loom.
* Tariffs on Canadian imports to the US could mean a loss of 1 to 5.5 per cent of real GDP.
* The Bank of Canada might be done with jumbo cuts, but is likely to continue cutting.

To view the full interactive BCREA Mortgage Rate Forecast, click here. Download the full report (PDF)

For the complete news release, including detailed statistics, click here.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.

To search for Kamloops real estate and homes for sale click here.

“Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

Kamloops District Real Estate Statistics For November 2024

Here are the latest statistics for November 2024 for real estate in Kamloops and area. Click on the image below to enlarge or PDF documents included in the links below.

Full Statistics Kamloops- Nov 2024

PDF: All Statistics – Nov 2024

For Previous Monthly, Quarterly & Annual Statistics click here.

Property Type Kamloops -Nov 2024

PDF: Property Type – Nov 2024

For Previous Monthly, Quarterly & Annual Statistics click here.

To View our current listings click here

 

BCREA: Sales Continue Normalizing Trend in November

Vancouver, BC – December 12, 2024. The British Columbia Real Estate Association (BCREA) reports that 5,841 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in November 2024, up 25.7 per cent from November 2023. The average MLS® residential price in BC in November 2024 was up 1.7 per cent at $979,221 compared to an average price of $963,143 in November 2023.

The total sales dollar volume was $5.7 billion, a 27.8 per cent increase from the same time the previous year. BC MLS® unit sales were 12 per cent lower than the ten-year average for November.

“Home sales across the province continued the normalizing trend that began in October,” said BCREA Chief Economist Brendon Ogmundson. “The surge in activity this fall sets up 2025 for a much stronger start than we’ve seen in the last two years.”

Year-to-date, BC residential sales dollar volume is up 1.6 per cent to $68.6 billion, compared with the same period in 2023. Residential unit sales are up 0.8 per cent year-over-year at 69,983 units, while the average MLS® residential price is also up 0.8 per cent to $980,055.

For the complete news release, including detailed statistics, click here.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.

To search for Kamloops real estate and homes for sale click here.

“Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

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