Housing Market Favours Buyers BCREA
“Market conditions have shifted from balanced conditions
at the start of the year to a buyers’ market this summer,” said
Cameron
Muir, BCREA Chief Economist. In June, there was 9.3 months of
supply on
the market given current sales activity, up from 5.6 months in
January
2010. “Tighter credit conditions for homes with secondary suites
and low
equity home buyers have moderated consumer demand,” added Muir.
For the complete news release, including detailed statistics, follow this link: www.bcrea.bc.ca/news_room/
For the complete news release, including detailed statistics, follow this link: www.bcrea.bc.ca/news_room/