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.
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