Vancouver Real Estate Positive – CMHC

According to CMHC we are looking pretty good. Things will slow down but nobody’s calling for a crash.

B.C. Positives

  • strong economy
  • job growth
  • population flows
  • Olympic influence- sees housing starts to increase by 9.3%

Resales

  • dropping in 2008 and 2009
  • expect to see a drop of 8.5% in ’08 with another 2.3% in ’09

Resale Prices

  • moving to balanced market in 2008
  • price may increase by 5.1 per cent in 2008 and a further 3.3 per cent in 2009.

Got a Vancouver Real Estate question? I’ll do my best to answer it. Call or send me an email.

CMHC reports below. Select PDF file to view. CMHC Canada Highlights CMHC Housing Market Outlook CMHC BC Region Highlights

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

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