July 2011 RSS Feed

Found 1 blog entry for July 2011.

halfmoon_400Vancouver 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…

6,425 Views, 0 Comments