“No signs of cooling” says BC agent

Despite data and forecasts suggesting that the long-predicted “soft landing” for Canada’s housing markets in starting, there are many mortgage lenders and real estate agents who are not seeing that in their areas.

Re/Max now says that prices will be up three per cent this year rather than the 2.5 per cent it was calling for, because activity is brisk.

John McKenzie, a real estate agent with Royal Le Page in Sechelt, B.C., told The Financial Post that they aren’t seen “any signs” of cooling and quipped that government forecasters are like weathermen in that “sometimes they’re going to tell you it’s pouring rain and you wake up and it’s a nice day.”

Even in Calgary, where there has been some decline in recent months as concern mounted about the oil industry, is now seeing some improvement with sales figures up in March. 

 

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