B.C. housing sales forecast to drop 12 per cent in 2010
November 10th, 2010From the Vancouver Sun:
VANCOUVER - B.C. housing sales are forecast to decline 12 per cent this year to 74,950 units before increasing six per cent to 79,700 in 2010, according to the B.C. Real Estate Association’s fall housing forecast.
“Consumers are responding to a double-dip in mortgage interest rates,” BCREA chief economist Cameron Muir said in a statement Wednesday. “While housing deman ...