The B.C. Real Estate Association is predicting a nearly 16 per cent uptick in sales in 2021 amid a rebounding in market listings since the start of the pandemic.

B次元官网网址淭he provincial housing market is set up for a very strong year,B次元官网网址� said BCREA chief economist Brendon Ogmundson in the release of the associationB次元官网网址檚 first quarter housing forecast, released Jan. 25.

B次元官网网址淩ecord-low mortgage rates will continue to drive strong demand this year.B次元官网网址�

Overall, the province is predicted to see 108,680 units sold in 2021 B次元官网网址� up from 94,021 sales last year B次元官网网址� before analysts expect a downturn in 2022 to just 98,850 units changing hands.

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Along with sales, the average price of homes is also predicted to rise, by nearly eight percent.

In the Fraser Valley, nearly 17 per cent, or 3,129 more units, are expected to change hands with increased sales in 2021.

A similar climb is predicted B次元官网网址� at a nearly 22 per cent uptick in real estate sales B次元官网网址� for Greater Vancouver this year.

sarah.grochowski@bpdigital.ca
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