The Greater Vancouver and Fraser Valley Markets are doing amazing. Sellers are getting the prices they want, and Buyers no longer have to deal with Multiple Offers.
“National sales activity and average prices reached new heights in the first half of 2016 amid a growing supply shortage of single-family homes in British Columbia and Ontario, particularly in B.C.’s Lower Mainland as well as in and around the Greater Toronto Area,” CREA said in a release.
CREA expects sales will rebound in Alberta and Saskatchewan in 2017 as oil prices increase and the provincial economies improve. It expects minimal price growth in those provinces next year.
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