Blog by Sam Wyatt Personal Real Estate Corporation

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BCREA: BC Housing Market Forcast - Vancouver Real Estate

British Columbia Real Estate Association’s (BCREA) spring Housing Forecast was released today.  In it, their Cheif economist, Cameron Muir, forcasts a move into a balanced market.  With listings up by 24% and sales volumes down 14% in the first quarter of 2008, he speculates that this trend should dampen the ferocious upward price pressure BC has experienced over the past few years due to a robust economy, low unemployment and intense migration.  BC's economy is forcast to outperform most of Canada at 2.5-2.9% growth year over year for 2008 and 2009.

Click here for the full BCREA report.

By Sam Wyatt, Vancouver Real Estate Agent.

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