The B.C. Real Estate Association reports
Friday, March 12, 2010
According to a report released by Royal LePage Real Estate Services, the average home price is forecast to decline eight per cent to 420,600 this year, instead of the 13 per cent originally forecast.
Even so, the uncertain economy and, by extension, the uncertain employment prospects are keeping some potential homebuyers at bay. Thet is why Royal LePage’s First-Time Homebuyers’ Report concludes: for potential first-time homebuyers looking to get into Vancouver’s housing market, the current economy is a double-edged sword.
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