Abbotsford & Mission Real Estate Insider

BC HOME SALES TO RISE

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Good morning Abbotsford and Mission. Every month we try and offer you some local content for your enjoyment on your different social media new feeds. So here we go; The latest forecast from our real estate association’s economist states that with low interest rates and population growth, housing demand will be strengthened in BC. Total 2015 sales are expected to rise 2.4% to 85,050 units and a further 3.9% to 89,400 in 2016. The 10 year average is 82,100 units.

  • 2015 sales are expected to rise 2.4%
  • 85,050 units to be sold this year – 2015
  • 89,400 units to be sold in 2016
  • 10 year average is 82,100 units
  • House Values Expected to go up to $594,000. An increase of 4.5%.

The average price for home sales is expected to go up to $594,000 this year which is an increase of 4.5%. Most of this should be in the south coast area.

The decline in oil prices will affect some areas of BC more, but the effect it will have on the overall Canadian economy is still undecided. In my opinion, the local market will be steady with the Fraser Valley forecast suggesting a 4.2% increase in sales in 2015 followed by a 3.5% increase in 2016.

This blog is written and supported by Homelife Realtors: www.HomelifeAbbotsford.ca OR www.HomelifeMission.ca

300 – 3303 Immel St. Abbotsford BC V2X 5Y1

1 – 32540 Logan Ave Mission BC V2V 6G3

O 604 859 3141 or 604 826 2699 F  604 859 5226 or 604 826 2621

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Abbotsford Real Estate | Abbotsford Homes For Sale

Abbotsford real estate for sale, Abbotsford REALTORS®, and Abbotsford MLS® Listings. Access Abbotsford real estate listings, Abbotsford REALTORS®, new homes and Abbotsford foreclosures. We also have information on Abbotsford home selling, home buying and mortgages, movers and other realty services in Abbotsford and area.

Mission Real Estate | Mission Homes For Sale

Mission real estate for sale, Mission REALTORS®, and Mission MLS® Listings. Access Mission real estate listings, Mission REALTORS®, new homes and Mission foreclosures. We also have information on Mission home selling, home buying and mortgages, movers and other realty services in Mission and area.

Advantages for the Experienced Agent with HomeLife Glenayre Realty Co. Ltd.:

  • Experienced Management
  • Household name in local market
  • Number one office in technology services
  • Office of the future
  • First paperless in Canada
  • Latest web services including social networking

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