A new forecast by Central 1 Credit Union predicts B.C.’s hot real estate market will remain robust for the next two years, despite fears a tax on foreign buyers is chilling Metro Vancouver sales. But market overseers say the trend will even out and benefit other parts of B.C.’s housing market in the short term, with
With a new tax on foreign homebuyers in Vancouver expected to slow purchase activity, there is a greater risk the city’s lofty real estate prices would be vulnerable to a potential jump in local unemployment, Fitch Ratings said on Monday. The new tax will likely be effective in tamping down buyer activity, Fitch analysts wrote,
Earlier this month, as surging Vancouver luxury home prices were making international headlines and local real estate boards reported continued price spikes, another set of gauges was telling a different story. These numbers revealed that average home prices in Metro Vancouver have been falling — not just in recent weeks, but also going back several
