Vancouver and the Fraser Valley are expected to trend
toward a 'sellers to balanced' market over the next 18 months while the rest of
the province will experience a 'buyers to balanced' market. Vancouver home
prices are still on the rise despite a slowdown in the first time buyer market.
Single family home sales remain the strong, keeping supply in check.
Already, there are a handful of Vancouver real estate market predictions for 2012. The BC Real estate Association anticipates the provincial average price to increase by a total of 13% for 2011 and a decrease by 2.5% in 2012. Considering the continued demand and limited supply in our beautiful city, things continue to look optimistic. We will explore TD and RBC's housing forecasts in our next post. We…
