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Canada: B.C.’s stagnant real estate market to see bost in 2013

Posted on 31 January 2013

Modest price drops and tempered buyer expectations are expected to stir up some movement in B.C.’s stagnating real estate market this year, according to an industry forecast released Wednesday.
In its first quarter housing market forecast released Wednesday, the B.C. Real Estate Association (BCREA) says housing sales in B.C. on the Multiple Listing Service (MLS) are expected to pick up by 5.6 per cent in 2013. It wouldn’t be enough to make up for the 12 per cent sales drop seen across B.C. in 2012 but would at least mean buyers will be getting off the sidelines and jumping into the market again………………………………………..Full Article: Source


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