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BCREA forecasts transition year for BC housing market            

(May 16, 2013)

The British Columbia Real Estate Association (BCREA) released its 2013 Second Quarter Housing Forecast on May 8, 2013. For the Greater Vancouver area, BCREA is forecasting a 4.5 per cent increase to 26,600 MLS® residential sales for 2013 and an increase of 10.5 per cent for 2014. The average MLS® residential price is forecast to remain virtually unchanged through 2014 and 2015."Stricter mortgage c... read more.