What's in Store for British Columbia Real Estate Market in 2014?

BCREA's Chief Economist, Cameron Muir, is forecasting an increase in sales which will be equal to the long term average, as well as an increase in prices. He has revised his prediction to 4.3% for 2014.

But Muir doesn't expect to see the frantic market of a few years ago, instead buyers will be less frantic and will be moving back into the real estate market in order to take advantage of the lower interest rates.

Take a look at BCREA's graph.

There are certainly more buyers in the market than there was a year ago.

Buying or selling Vancouver real estate?

Put Maggie's hyper-local experience to work for you! Call 604-328-0077


No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Posts By Date
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.