Market Update

Affordability remains the big challenge for BC homebuyers

Economics team say official figures are falling short

National Association of Realtors reports gains in most metros

Flat or declining prices reported in 18 of 27 CMAs

Real estate association says it supports swift action

CBRE says investment will grow as investors seek safer havens

Redfin is piloting a new ‘direct’ service in Boston

But there was widespread decline for single-family intentions in March

Report suggests vacancy rate will double in the next 4 years

But it agrees that crackdown on this alone won’t solve affordability issues