Vancouver, BC – January 30, 2013. The British Columbia Real Estate Association (BCREA) released
its 2013 First Quarter Housing Forecast Update today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 5.6 per cent to 71,450 units this year, before increasing a further 6.1 per cent to 75,830 units in 2014. The five-year average is 74,600 unit sales, while the ten-year average is 86,800 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.
“2013 is shaping up to be a transition year in the BC...