B.C. real estate: home prices forecast to rise 7.7 percent by end of 2020, and 3.7 percent in 2021
B.C. realtors expect not only to sell more homes this year and the next compared to 2019.
They also anticipate prices to rise in 2020 and 2021. The B.C. Real Estate Association predicts 2020 to finish with a 7.7 percent increase in average price over 2019. The BCREA also forecasts a further increase of 3.7 percent in 2021.
In Greater Vancouver, the association anticipates the average price to jump 5.9 percent over 2019. For 2021, the average price in the region is predicted to rise 2.4 percent. In the Fraser Valley, the BCREA expects the average price to grow 6.7 percent in 2020, and 2.6 percent in 2021.
It can be recalled that the Canada…