The rest of 2010 and the start of 2011 are looking good for the Greater Vancouver real estate market. A new report by the Canada Mortgage and Housing Corporation (CMHC) says that low mortgage rates combined with a growing population and an improving economy are good indicators for Metro Vancouver property sales.
Continued low mortgage interest rates, a steady flow of migrants to the Lower Mainland, and a growing job market are all positive factors that influence home sales according to the Canada Mortgage and Housing Corp. It concluded that sales will remain stable until mid-2011 before trending higher. The B.C. Real Estate Association also predicted in its fall housing forecast that B.C. housing sales will increase six per cent to in 2011.
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