November 2012

November Market Update

Posted on Nov 30, 2012

"Economic growth is forecast to be slightly stronger in 2013 than in 2012, reflecting increased non-residential investment and consumer spending partly offset by a weaker global outlook. Domestic factors in British Columbia, including population growth and continued low mortgage interest rates, remain supportive of the housing market."
source: CMHC...

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This is why you should buy now...

Posted on Nov 06, 2012

´╗┐According to the "Housing Market Outlook" released by CMHC this month, BC will remain a buyers' market, but not for long, and here's why:
  • Housing starts are forecast to rise modestly in 2013 as the economy and job growth improve relative to the 2012 outlook.
  • Buyers' market condition emerged in mid-2012, however, balanced markets are expected to retu...

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