BC home listing for sale the lowest in 20 years
According to the BC Real Estate Association data show: After a seasonally adjusted, BC Province, the housing stock is now at the lowest level in more than 20 years! Cameron Muir, chief economist, said: "We are now in a field of almost unknown ... Now, everyone is still waiting to see the future." He added that supply and demand imbalances continue to push prices in the Greater Vancouver area further weakened Resident's affordability.
BCREA said that after April 2012, the supply of houses for sale in BC dropped by 17%, reaching the lowest level in 20 years! Muir said, "This certainly led to higher prices in most housing markets in the southern part of the province!"
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