British Columbia's 3rd Quarter 2009 update for Residential Sales

A client of mine asked me "Where are we with regards to sales for this year" I replied by saying that we are doing very well, so much better than anyone could have predicted 6 months ago. Here is some of that conversation with stats and links for more information.

I went on to say that the BCREA (British Columbia Real Estate Association) says " BC home sales are the brightest lights in the economy.

1) MLS sales are forecasted to climb 15% from 68,923 units in 2008 to 79,400 in 2009. And a further prediction for sales to increase 6% to 84,200 units in 2010.

2) Chief Economist Cameron Muir said "Home sales have doubled since January, with prices edging higher in Metro Vancouver and Victoria.

The full BCREA Housing Forecast Update is available at: www.bcrea.bc.ca/economics/HousingForecast.pdf.