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Home ownership will be fantasy for Canadians with an average income, as wage hikes are unlikely to keep pace with housing market. Read more.

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http://business.financialpost.com/2014/01/09/what-soft-landing-bullish-realtors-see-no-slowdown-at-all-for-strong-housing-market/

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Synopsis:

The news is good and prices are up slightly in all our areas year over year for everything except townhomes.

The market forecast is balanced throughout 2014 with a slight increase in prices. Interest rates are stable and forecast to increase slightly over 2014.

Bottom line 2014 is looking like a balance year and a great time to buy or sell.

 

 

 

Video Podcasts

Housing Market Update (December 2013)
Watch BCREA Chief Economist Cameron Muir discuss the November 2013 statistics

http://www.bcrea.bc.ca/news-and-publications/economics/video-podcasts

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