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BCREA forecasts Moderate Rise in Home Sales

November 10, 2010 By
BCREA Nov. forecast

We look to the BC Real Estate Association for our statistics and forecasts. Here's the latest: BCREA Fall Housing Forecast 2010 Vancouver, BC – November 10, 2010. The British Columbia Real Estate Association (BCREA) released its Fall Housing Forecast 2010 today. BC Multiple Listing Service® (MLS®) residential sales are forecast to decline 12 per cent from 85,028 units in 2009 to 74,950 units this year, before increasing 6 per cent to 79,700 units in 2011. "Consumers are responding … [Read more...]

Filed Under: Downtown Suites, Nicholas Meyer, Statistics Tagged With: , , , , , , , , , , , ,

Our Values Over the Long Term

November 8, 2010 By

The Vancouver housing market continues at a reasonable pace.  Often I am asked why and will there be a major decline in prices.  I am bullish about our values over the long term.  In migration to Vancouver is expected to increase the population substantially which continues to keep rising.  On the job front, we are creating more jobs and seem to have the best employment figures for Canada...See the following quotes from Cameron Muir, Chief Economist for the BC Real Estate Association: BCREA … [Read more...]

Filed Under: Downtown Suites, Nicholas Meyer, Statistics Tagged With: , , , , , , ,