This chart shows the BC real estate market conditions from 2000 forward. and identifies where the "Balanced" range is according to BREA (British Columbia Rea Estate Association) Economists.
This chart is part of a 3 page media release that came to my attention on Twitter - as I follow CREA ( Candian Real Estate Association).
It is important to remember that real estate is a LOCAL commodity. Each sector of BC real estate is normalizing at it's own pace driven by localized factors.
The entire release is available for hassle free download on our website by clicking here
See you online, Brell ~ Brenda Ellis REALTORwith Okanagan Heat @ Century 21 Executives Realty Ltd