Better times are ahead – so says the B-C Real Estate Association.
It’s out with its first quarter housing forecast, and the Association is predicing a 5.6 per-cent increase in home sales in the province this year, and a 6.1 per-cent increase next year.
Chief Economist Cameron Muir says 2013 is shaping up to be a transition year in the B-C housing market, and the groundwork has already begun for stronger housing demand.
He says lower prices have improved affordability and many potential buyers who sat on the sidelines in 2012 will likely enter the market in 2013.
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