CMHC Predict a Rise in Sales and Prices for Vancouver Real Estate in 2010
November 3rd, 2009 Categories: Real Estate
CMHC’s latest report Vancouver homes sales to “continue at a brisk pace through the remainder of this year and into 2010. More sales combined with fewer active listings will push the prices higher.”
“Home starts will also increase in 2010 but remain below levels recorded in recent years. Steady population growth through migration, low interest rates, an improved job market will provide growth for housing demand, increasing prices 2-4%, listings by 3.6% and sales by 6%. Their leading indicator has bounced into Sellers territory. As prices continue to rise, more sellers will enter the market in the last half of 2010 which will bring balance to the market.
CMHC’s BC Regional Highlights and Forecast for 2010
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