Squamish Real Estate Economic Outlook 2010
Real Estate outlook is good
I attended the 2010 economic outlook hosted by the BCREA British Columbia Real estate Association. Professional economist Bryan Yu gave a great talk about the real estate outlook for Squamish. the short story is that things are going to improve in the future, but nothing big will happen right away. Squamish saw an over build occur between 2005 - 2007. We are still selling this over supply of real estate. Squamish will see population growth over the long term and the recent highway improvement will be a benificial factor for us. There are some negative factors such as HST for new home purchasers and the new mortgage qualification rules will have a negative impact on affordability for people because for some people less money will be available to them for a mortgage. In general the future looks strong for Squamish as property values seem to have stabilized and wont move for most likely the next 6 months and then will begin to creep upward.
Squamish Real Estate REALTOR
I attended the 2010 economic outlook hosted by the BCREA British Columbia Real estate Association. Professional economist Bryan Yu gave a great talk about the real estate outlook for Squamish. the short story is that things are going to improve in the future, but nothing big will happen right away. Squamish saw an over build occur between 2005 - 2007. We are still selling this over supply of real estate. Squamish will see population growth over the long term and the recent highway improvement will be a benificial factor for us. There are some negative factors such as HST for new home purchasers and the new mortgage qualification rules will have a negative impact on affordability for people because for some people less money will be available to them for a mortgage. In general the future looks strong for Squamish as property values seem to have stabilized and wont move for most likely the next 6 months and then will begin to creep upward.
Squamish Real Estate REALTOR
