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.
THIS ENTRY WAS POSTED ON May 6th, 2008 BY Sam Wyatt Personal Real Estate Corporation | POSTED IN Vancouver Real Estate Statistics ,