The state of the market has changed a lot since our last forecast in March. Here’s an updated review of what the leading BC house price forecasts to the end of 2019.
All tagged House prices
Housing (Un)Affordability in Vancouver
This video by MLA Canada, a top notch real estate marketing company, is really quite good. Only criticism is their miscalculation of how much it would take for the Metro Vancouver market to normalize.
Updated B.C. Home Price Forecasts
Royal Bank and the Canadian Real Estate Association (CREA) have issued house price predictions conflict with each other. CREA anticipates 2018 will see a bigger drop than they had predicted in their December 2017 forecast, while RBC raised its forecast by 0.5% for 2018 but expects the tide will turn in 2019.
Is 2018 the year to trade your condo for a detached home?
In the past year detached home prices have drifted downward in Toronto and Vancouver while condo prices have surged, so the price gap between the two has narrowed. At the end of this article we explain our belief that now may be the best time to trade in your condo or townhome for a detached home.