Here is a link to a new study put out by the BCREA.
The study looks at things like quality of life and confidence levels in consumers. Among the many findings the study seems to support what the media has been reporting over the last few months, that consumers are more confident. This explains why we've seen so much activity in pretty much all markets.
The first time buyer market continues to be very strong and we are now seeing movement in the markets above $600,000 which suggests that people are moving up as well as in to the Real Estate consumer market. This is a big shift that seems to support further that we are generally feeling better about are housing market and, hopefully, this will translate in to other markets moving upward as well.
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