BCREA 2020 Third Quarter Housing Forecast Update indicates a Surprisingly Strong Recovery Propelling Housing Market in 2021.
Posted on
September 3, 2020
by
Iman Emadian
The British Columbia Real Estate Association (BCREA) has recently released its 2020 Third Quarter Housing Forecast Update.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 6.5 % this year, and 17.6 % in 2021.
The BCREA Chief Economist believes that the outlook for the BC housing market is much brighter following a surprisingly strong recovery and, aided by record-low mortgage rates and a recovering economy, we expect home sales to sustain this momentum into 2021.
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