September 2020 Market Update

B.C. real estate: home prices forecast to rise 7.7 percent by end of 2020, and 3.7 percent in 2021

B.C. realtors expect not only to sell more homes this year and the next compared to 2019.

They also anticipate prices to rise in 2020 and 2021.

The B.C. Real Estate Association predicts 2020 to finish with a 7.7 percent increase in average price over 2019.

The BCREA also forecasts a further increase of 3.7 percent in 2021.

Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single-family homes in cities across BC.

South Surrey/
White Rock

B.C. rents can rise just 1.4 per cent after freeze ends

The B.C. government plans to end its freeze on rent increases starting in December, 2020.

Starting in 2021, landlords will be allowed to raise rents by a maximum of 1.4 per cent. The freeze on raising rents went into effect in March, and landlords are only able to raise the rent once a year, so the freeze on rent hikes did not help all renters, but impacted all landlords.

This communication is not intended to cause or induce breach of an existing agency agreement.

**Should you no longer wish to receive this communication, please reply to this email with "Unsubscribe" in the subject line.

Click Here to Send Page as Email

September 2020 Market Update

B.C. real estate: home prices forecast to rise 7.7 percent by end of 2020, and 3.7 percent in 2021

B.C. rents can rise just 1.4 per cent after freeze ends

B.C. Real Estate News

BRITISH COLUMBIA

LOWER MAINLAND

WHISTLER & SQUAMISH

VICTORIA & VANCOUVER ISLAND

OKANAGAN