New Report from BCREA


According to a new report from the BCREA, BC residential sales are forecast to increase 9.8%, wit the average MLS residentail sale price estimted to rise 5.6% to $567,300.

 

While the first quarter was somewhat weak, home sales increased in the second quarter, largely due to improved conumers confidence stemming from  low mortgage interest rates and improving economic conditions.goo

 

Throughout the province market conditions are improving and are much stronger than at the beginning of 2014.Further, most markets are becoming balanced, with the Vancouver, Fraser Valley, and Okanagan markets potentially shifting to seller's markets.

 

To view the full report, click here.


Have some questions about the local market? Want to know what your home is worth?I'm happy to help! Contact me today to have all your real estate questions answered.


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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.