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Here is a summary of a presentation CMHC Langley made recently.  The highlights are as follows:

 

ECONOMIC/DEMOGRAPHIC:


• Job growth in Metro Vancouver will continue to support housing demand (Chart 1).

 


• Mortgage interest rates are forecast to start edging higher later in 2013.


• Population-based demand for housing will remain strong, with an estimated 30,000 people (net migration) forecast
to relocate to the Vancouver region next year.


• BC Stats estimates that approximately 18,000 new households will be added to the Lower Mainalnd on an annual
basis, generating demand for rental and ownership housing (Chart 2).

 

 

I hope you  have a great weekend!  Let me know if you have any questions regarding the above statements.

 

Comments

ray y on Jun 1, 2013 9:01 AM
Good info. Thanks

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