The update is in and the forecast is positive! BCREA predicts BC Homes Sales to rise through 2016. Chief Economist, Cameron Muir, advises that stronger economic conditions both at home and abroad combined with favourable interest rates and population grown are expected to bolster housing demand over the next two years.
Market conditions around the province are expected to remain in relative balance this year with a level field of supply and demand. Of course, some communities may experience periods of over supply or low inventory, therefore, its critical to contact a realtor when thinking now is the time to sell your home.
For more information on units and sales go to www.bcrea.bc.ca
Contact me today for more information on your local market conditions.
Terri Ann Novello, Real Estate Professional