Tagged: Housing Forecast Update

Housing Forecast Third Quarter Update 2010

Housing Forecast Third Quarter Update 2010

BC housing markets are returning to typical post-recession demand pat- terns. The dramatic rebound in consumer demand during 2009 and sub- sequent decline during the first two quarters of 2010 has set the stage for a gradual increase in home sales during the fall and through 2011. Residential unit sales through the Multiple Listing Service® (MLS®) in BC are forecast to decrease 7 per cent to 79,500 units in 2010, before climbing 5 per cent to 83,400 units in 2011.

BC Home Sales to Rise in 2011

BC Home Sales to Rise in 2011

The British Columbia Real Estate Association (BCREA) released its Housing Forecast Update for the third quarter of 2010 today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to decline 7 per cent from 85,028 units in 2009 to 79,500 units this year, before increasing 5 per cent to 83,400 units in 2011.