BC Real Estate Association Economic Housing Forecast for 2014

The BC Real Estate Association Economists have just come out with their 2014 and 2015 real estate sales forecasts for British Columbia.

In 2013, for Vancouver Island, average sale prices dropped but just 0.3% whereas unit sales were up 9.1%. 

For 2014, the BCREA Economists are predicting a 1.5% increase in unit sales and a 1.3% increase in average selling prices, and for 2015 a further 2.2% increase in average prices and a 6.8% increase in unit sales.

The entire report is available at http://www.bcrea.bc.ca/docs/economics-forecasts-and-presentations/housingforecast_.pdf

 

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Janet Scotland

Janet Scotland

Broker/Owner
CENTURY 21 Arbutus Realty
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