CMHC Housing Market Outlook –BC region

Overview

·         Housing starts are forecast to total 27,800 units in 2014 and 27,900 units in 2015, with a slight shift toward single-detached housing starts as the economy and labour market gain traction.

·         Existing MLS®2 home sales are forecast to total 76,200 resales in 2014 and 77,300 resales in 2015.

·         The MLS® average price is forecast at $550,400 in 2014 and $552,300 in 2015.

For complete details http://www.cmhc-schl.gc.ca/odpub/esub/65442/65442_2014_Q02.pdf