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Home prices will drop less than expected, real estate group says
Date Published: May 15, 2009
Author: By Derrick Penner, Vancouver Sun
Article Category: Real Estate Articles

Home prices will drop less than expected, real estate group says

 

By Derrick Penner, Vancouver Sun

May 15, 2009

 

A recent surge in real estate sales has caused the Canadian Real Estate Association to sharply revise its expectations for price drops in British Columbia.

CREA, in its forecast released Thursday, estimated that B.C.'s average price will drop less than seven per cent over 2009, more than three percentage points off the 10.6-per-cent drop forecast in February.

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http://www.vancouversun.com/business/Home+prices+will+drop+less+than+expected+CREA/1599151/story.html

 

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