The BC housing market has outperformed most forecasts to date. Central 1 predicts sales growth of 22 percent this year compared to 2015. The Credit union expects detached home prices to rise faster at 23 percent.
There is a very high demand for local real estate. Many families that dream of a single family detached home is going to stay just a dream. Buyers are being pushed into the multi-family market.
Housing prices are forecasted to keep rising over the next three years!