According to a recent article in the Vancouver Sun although BC homes sales dropped 1/4 over Nov last year things may be brighter next year.
In the Sun article the BCREA's chief economist Cameron Muir spreculates that that "we're going to see an increase in sales levels next year, it doesn't mean we're going to return to the heady days before the recession. But the longer we see sales levels fall below the long-term average, the more likely we're going to see pent-up demand (grow) in the marketplace, which may contribute to increased sales activity in 2013,"
What do you think? Will the Burnaby housing market perk up in the new year?
Feel free to leave your comments below...
By Brad Gannon - firstname.lastname@example.org