BCREA reports the strongest January sales since 2010, and they - TopicsExpress

BCREA reports the strongest January sales since 2010, and they believe that the announcement of the demise of the federal immigrant investor program has little impact on the Metro Vancouver area. According to the Chief Economist Cameron Muir from BCREA, the only impact they foresee is less pressure on the inventory of detached homes in Vancouver’s West Side, Richmond and West Vancouver. Just in my humble opinion, it’ll be interesting to see how the supply and demand shift for the high-end property market in the next 6 months to 1 year time frame as it might take some time for the market to absorb the news.

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