BC Home Sales Projected to Climb
According to the newly released forecast from BCREA, 2011 will be a positive year, in terms of sales.
Residential sales are expected to rise by 8 %- from 74,640 units in 2010 to 80,900 units in 2011, and increase a further 4% to 83,950 units in 2012.
“British Columbia housing markets are returning to normalcy after two years of volatility,” said Cameron Muir, BCREA Chief Economist. “Employment and p... read more.
Home Price Index Moving Up
The Canadian Resale market swung upwards in December, according to the latest release of the Teranet-National Bank Composite House Price Index- which indicated increases in five of the six markets surveyed.
The index indicates that prices were up 0.3% in December from November, as well as having gone up 4.1% from the same time the year before.Looking at specific regions, there was a 0.1% increase i... read more.
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