In one of the most optimistic reports I have read, Central 1 Credit Union is forecasting record sales and pricing on BC housing for 2010. They anticipate sales to increase 30% and the annual median price to rise to a record $391,000 in 2010.
The driver of this, as in many reports and forecasts, I have read is the continued low interest rates.
All I can say is “Wow”. What are your thoughts? The full press release is below.