The B.C. Housing market has experienced two years of tepid sales and higher-than-average listing inventory. The past few months have seen a rebound in market activity with increasing sales. Over the upcoming year, sales are forecasted to increase due to the interplay of the following factors: lower interest rates, extended amortization periods (30 Years) for new construction and First-Time Home Buyers, and higher mortgage insurance caps (up to $1,500,000 from $1,000,000).
If you or someone you know wants to enter the real estate market, contact me at 250.884.3980.
In health,
Arran