4th Quarter Housing Forecast

4th Quarter Housing Forecast

Here is a link to the report that was just released by the BC Real Estate Associate.

“The housing market had a record fall season and prices are rapidly rising as pent-up demand floods into an under-supplied market,” said Brendon Ogmundson, BCREA Chief Economist. “As that pent-up demand fades, sales will likely come down from their current record pace, albeit to a still robust level of activity as record-low mortgage rates and a recovering economy continue to drive sales.”

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