Will house prices drop in B.C. in 2021?
In a June 30 report, TD forecast that B.C. will see among the sharpest corrections, with average home prices falling by 8.1 per cent into 2023. The price drops and increased supply should be welcome by homebuyers, according to real estate agents.
Will Vancouver house prices drop in 2022?
Vancouver Housing Market Report. The benchmark price of homes in Metro Vancouver stands at $1,155,300, representing a 2.1% monthly decline but a 3.9% yearly increase in September 2022. This price exhibits a 21% increase over two years but is 8.6% lower than the all-time high of $1,264,700 in April 2022.
Will real estate prices drop on Vancouver Island?
After a long period of steadily rising prices in virtually every VIREB region, slight month-over-month price dips began appearing in June. However, 2022 continues to post higher prices than seen in 2021. The board-wide benchmark price of a single-family home reached $842,800 in August, up 18 per cent from one year ago.