The Central 1 Credit Union reported that, although B.C. market would slow down, and sales activities would drop slightly, there is no indication of real estate bubble.
According to the report’s author, Brian Yu, the low interest rates and the limited supply of land would keep driving the values of homes up. Furthermore, he mentioned the speculation of homes account for only 2~3 per cent , which poses no threat to the market. Brian’s report is backed up by Canadian Real Estate Association’s monthly report, which indicates that 70 per cent of all local markets are in balance.
For the full article, please click on the link below:
Our Real Estate Listings
Our Real Estate Blog
Head Office: 1838 West 1st Avenue Vancouver, B.C V6J 1G5 Fax: 604-224-5279 Email: firstname.lastname@example.org