• December

    22

    2019
  • 21
  • 0
B.C. housing market bouncing back as buyers return, report says

B.C. housing market bouncing back as buyers return, report says

B.C.’s housing market is on the way back up, according to a report from economists at an agency that supports credit unions across Canada.

Central 1‘s B.C. Resale Market Housing Outlook 2019-2021 says cheaper mortgages, population growth and price declines are bringing buyers back to markets like those in Metro Vancouver after a downturn for most of 2018.

“Home sales have returned to more normal levels following over a year of policy-induced declines,” said Central 1 deputy chief economist Bryan Yu in a statement.

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