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BC Home Sales to increase this year
VANCOUVER/CKNW AM980
Gord Macdonald | Email news tips to gmacdonald@cknw.com
1/30/2013

Better times are ahead - so says the B-C Real Estate Association.

It's out with its first quarter housing forecast, and the Association is predicing a 5.6 per-cent increase in home sales in the province this year, and a 6.1 per-cent increase next year.

Chief Economist Cameron Muir says 2013 is shaping up to be a transition year in the B-C housing market, and the groundwork has already begun for stronger housing demand.

He says lower prices have improved affordability and many potential buyers who sat on the sidelines in 2012 will likely enter the market in 2013.

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  1. ChrisM_18 posted on 01/30/2013 06:49 AM
    Talk about whistling in the dark ! This self serving bunch would like nothing more than for sales to increase , so despite the looming spectre of an NDP government for the next 4 years , everything is turning up roses !
    1. Ken280 posted on 01/30/2013 02:52 PM
      @ChrisM_18 Despite the looming spectre of an NDP government! It seems that some business people disagree with you and it does not matter if is Liberal or NDP if someone were to purchase a house.If you want to own and can afford why not?Then maybe they are saying it will be great and with a NDP win and it is not, they can blame the NDP and spin that BS for all it's worth for all you Zippers of the Liberal/Cons of the coalition! Just love to lay the BS down in cold hard Lies! Go NDP go
  2. CosmicS posted on 01/30/2013 06:57 AM
    What a lot of dribble! Earlier this month the media said real estate is at an all time low and now this lot says its picking up! Anything to sway opinion and to be aware that they want and need their commission. I say don't sell at this weak point in time and don't be swayed by nay sayers. Sell when YOU think its time and if you can sell it yourself, do it! The seller and buyer can save on the commission!
    1. MichaelD_10 posted on 01/30/2013 01:58 PM
      @CosmicS This sort of main steam media is more of an influence peddling business than a news service. You will have to go elsewhere for news.

      Try the Tyee for local news or Brasscheck for more national news.
  3. True Blue posted on 01/30/2013 08:37 AM
    It is close to impossible for many people to even get into the market. The average rent is more expensive than a mortgage payment which further compounds the difficulty of buying a first hose. Both foreign and domestic speculators severely impacted affordability. All of these factors have a massive butterfly affect on families in BC. The affect is felt at the local retailer level and will continue to be felt well into people's retirements. It is time we stopped telling people that "if you can't afford to live here move!" People can afford to live here, they just can't afford to get into the real estate market.
    We need action now that makes it more feasible for first time home buyers to buy their first home. I know... what a novel idea.
    1. MichaelD_10 posted on 01/30/2013 02:05 PM
      @True Blue It's called slavery to your mortgage. I have lived in the same house since 1980. My municipal taxes are now 10$ per month more than my original mortgage.

      Isn't it wonderful (not) how much more money my 32 year old house is worth. Government sure likes the extra money they get.
    show more replies
  4. commonsense posted on 01/30/2013 08:42 AM
    They must have a crystal ball.
  5. WayneM_9172 posted on 01/30/2013 09:32 AM
    A crystal ball is what they need. A 3D volumetric indicator.
    It's one thing to analyze the topography but the underlying currents indicate a cosmic shift.
    I believe it involves selling smart Real Estate to smart people.
    1. commonsense posted on 01/30/2013 05:27 PM
      @WayneM_9172 There are areas where sales will increase and areas where sales will decrease. Regardless, the agents and brokers will need to change their business practice to make real estate more sustainable. Too many brokerages are trying to bring in newer and newer realtors, but what does that do? It does not equal sales.
  6. michael_4092 posted on 01/30/2013 09:51 AM
    Dear BC Real Estate Association,

    How do you know?

    thanks.
  7. traza1 posted on 01/30/2013 11:00 AM
    Ridiculous , self-serving forecasting just how do they know what is going to happen, it’s just another ply from the real estate people, they are paid outrageous fees for their work, maybe that should be looked at .
  8. Ken280 posted on 01/30/2013 11:44 AM
    BC Real Estate Association. I am tired of the BS from this self pat on the back, Chief Economist Cameron Muir! he is telling us 2013 is shaping up to be a transition year. Yes for lower housing prices the same old lure buy now it can't be better crap, they will go lower if there are less Jobs, the Chinese stopped buying good sign,it means they only buy when the housing can be flipped for huge mark ups! They like their money in the pocket not hung up in a house they have no use for and will never live in! Global is the cheer leader for the Real Estate Association. (Wow! their in a union also)I wonder if they pay for the news cast when they are on TV?Go NDP Go
  9. speakup posted on 01/30/2013 12:49 PM
    SO WHAT????
    Sell high - buy high - and visa versa - stop the BS hype
    The ONLY ones making MONEY on increased sales are the self serving
    DO NOTHING Real estate ass. take money for playing golf and putting their pictures on bus stops - (and downloading cosyts to home sellers/buyers)

    I will ask again......
    WHO is DEMANDING more housing?
    AND WHO is buying them?
    AND where are all the kids?
    WHY do we keep closing schools but need MORE HOUSING
    I am no mathamatician (or speller) but WTFarmland is this hooey?

    SELL realestate BY OWNER ONLY
    Real Estate agents DO NOTHING!!!!!
    you can write a real estate deal on toilet paper
    and it would mean the same thing.......you will still need a lawyer
    (but you can KEEP all the useless agent fees you would give away for absoulutely nothing)

    Time for real estate agents to get real (and go awaym and get REAL jobs)
    You are much like the travel agent - replaced by the internet (BUB BYE)
  10. joes_2868 posted on 01/30/2013 02:26 PM
    Ken280: The readers consultant, a man with a briefcase 50 miles away from home.

    THE READERS DON'T CARE WHAT YOU THINK OR DON'T THINK.

    NOT UNTIL YOU CLEAN UP YOUR ACT OF LIVING A LIFE OF DOUBLE STANDARDS.

    YOU COME ON HERE BLOWING GASKETS ALL THE TIME WHEN IN FACT YOU DO THE EXACT OPPOSITE WHEN IT COMES TO YOUR OWN HIP POCKET.

    A LONG WAY TO GO WITH JUST A SHORT TIME FOR THE 49% PLUS!
  11. AldinaI posted on 01/30/2013 02:40 PM
    I'm going to read "between the lines" of the CKNW story...

    I think the "improved affordability" means more 800 square foot condos which are substantially less expensive than a house on land.
    1. Ken280 posted on 01/30/2013 03:01 PM
      @AldinaI yes! they are talking about smaller houses 950-1200sq .condos sell and small houses will sell for higher prices,you know it is all about money,not about how are people going to afford housing!Go NDP Go
    show more replies
  12. joes_2868 posted on 01/30/2013 03:09 PM
    Ken280: The readers consultant with a briefcase 50 miles away from home.
    Your quote "IT'S ALL ABOUT MONEY"

    Isn't that you, are all about 24 hours a day, day after day!
    1. True Blue posted on 01/31/2013 08:19 AM
      @joes_2868 I have a challenge for you. Can you try for 24 hours not to make a personal attack on someone?
    show more replies
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