MARKET UPSWING IN 2010

High Hopes for B.C. housing market upswing in 2010.

The BC Real Estate Association is forecasting a better sales season this fall than last, hoping to See the last of the housing recession.

In its latest third quarter housing forecast, the association predicts the Multiple Listing Service residential sales will go up 15 per cent this year over last year.

In 2008, there were 68,923 units sold in the province,a sales drop of 33%, according to the report. By the end of 2009, the provincial real estate board, which represents the interests of 12 regional real estate boards and more than 17,500 Realtors, hopes to see 79,400 units sold, up 15% from 2008 lows.

On 2010 they are aiming for 84,200 units sold, and increase of six percent over this year.

The BCREA also anticipates that more homes can be sold in 2010. It is forecasting a sales increase of six percent across the province for 2010.

 

Lisa Butler

Lisa Butler

REALTORĀ®
CENTURY 21 Executives Realty Ltd.
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