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01.30.10
Economic Review
BCREA Real Estate Review - In Like a Lamb, Out Like a Lion

The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 132 per cent to 5,703 units in December compared to the same month last year. More homes were sold last month than in any December on record except 1989 when 6,014 units were sold.

12.29.09
Economic Review
Market Strength Extends Through 2010 - BCREA Fall 2009 Housing Forecast

BC interior housing markets are also experiencing robust consumer demand as low mortgage rates and stronger market confidence drive home sales higher.

11.27.09
Winter House Sellers

Winter can be a difficult time to sell a home, even in a busy tourist destination like Fernie. The weather isn’t always fantastic, the number of daylight hours is significantly lower, and it is just a busy time. Traditionally spring and summer have been popular times to list homes, but with Fernie’s growing popularity worldwide homeowners and developers are responding to the increase in product demand during the busiest months of the year – in winter.

10.25.09
Economic Review
Recovery Prospects

Signs of economic recovery are emerging after one of the most severe financial crisis in decades. The strength and durability of any recovery are natural concerns given the depth and breadth of the recession and on its policy-driven sources. For example what happens when some fiscal stimulus expires? Will the economy generate self-sustaining growth? Is a fallback into recession, the double-dip recession, likely? Closer to home, how are the East Kootenays faring and what are its recovery prospects?