Housing Outlook Is Positive for 2014

"Housing demand in the province has nearly fully recovered from the 2012 downturn" said Cameron Muir, BCREA chief economist. "Over the next year, BC will be the beneficiary of a more robust global economic growth, led by a resurgent US economy and a favourable exchange rate. The resulting boost in employment will help underpin the housing market."



Home prices are expected to increase 1.8% this year and a further 1.7% in 2015.