Blog by Rob Chuter

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CMHC Housing Market Outlook Vancouver

Home sales will continue at a brisk

pace through the remainder of

this year and into 2010. More sales

combined with fewer active listings

will push the average MLS® home

price higher in 2010.


Home starts will pick up over the

next 15 months, but remain below

levels recorded in recent years.

The upturn in the resale market

will contribute to an increase in

home starts as builders see demand

returning to the market. New and

resale home inventories are being

absorbed, providing an incentive to

start new residential projects.

Steady population growth through

migration, an improving job market

and low mortgage rates will provide

support for homeownership demand

through 2010


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