BC Home Sales to Climb Eight Per Cent in 2011

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Nanoose Bay to Qualicum Beach & Area

  • Photograph of Tom Whitfield
  • Parksville Qualicum Beach REALTOR®
  • Published: Feb 23rd, 2011 at 11:48 am

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 8 per cent from 74,640 units in 2010 to 80,900 units this year, and increase another 4 per cent to 83,950 units in 2012. “British Columbia housing markets are returning to normalcy after two years of volatility,” said Cameron Muir, BCREA Chief Economist. “Employment and population growth will fuel consumer demand over the next two years. However, higher mortgage interest rates and tighter credit conditions for low equity home buyers will limit home sales to below the ten-year average of 87,600 units.”

Arrow graphic BC Home Sales to Climb in 2011 (pdf)

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