BCREA  Report - COVID-19

The BC Real Estate Association report on the economy and the real estate market*:
While these are not normal times and there remains tremendous uncertainty, home prices have remained firm in the early stages of this recession. Without a sharp rise in inventory, the ultimate impact of dramatically slowing sales on home prices may be somewhat muted. This year, we expect home prices to increase 1 per cent in the Chilliwack board area, 1.4 per cent across the Fraser Valley board area and 2.4 per cent in the Greater Vancouver board area