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Economic slowdown could lower B.C. house prices: report

According to BCREA, the slowdown in economy in BC is likely to result in a slower growth in home sales through 2012. By the end of 2011, there is predicted to be 74,640 homes sold through MLS, showing a 4% growth from last year. This number is below the province’s long term average for sales.

On the other hand, both BC’s employment growth and economic growth are predicted to show a slowdown throughout 2011 to 2012.

 

For the full article, please click on the link below:

The Vancouver Sun – August 26, 2011

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