UPDATE: Click through for our Metro Vancouver Real Estate Market 2015 Mid-Year Review
2014 was an even better year than predicted with increased sales and prices. In the MAC Intel 2015 Edition, MAC Marketing Solutions is projecting that residential sales will not meet the same sales activity or price increases as 2014 but will however remain healthy and balanced.
Modest but positive employment growth in BC — higher than the national average — will keep workers in BC and stabilize consumer confidence amidst current economic uncertainty. And, as was evidenced yesterday with the Bank of Canada's announcement, the threat of curbed consumer spending will in turn keep interest rates at historic lows. The Bank of Canada has now set the overnight interest rate at 0.75% (the lowest rate since 0.25% in 2010) which suggests that economists' forecasts of a rate hike to 1.25% by December 2015 may be pushed well into 2016.
For further analysis and to download a printable copy of the MAC Intel 2015 Edition, visit www.macmarketingsolutions.com/intel
The MAC Intel is MAC Marketing Solutions’ annual infographic of the significant macro and micro indicators that will drive the Metro Vancouver real estate market for the year ahead.
