Canada’s most expensive housing market will continue to see price gains well ahead of the rate of inflation for the next two years, according to a report from a group which represents credit unions in British Columbia.
Central1, which acts as an association for credit unions in B.C. and Ontario, now says the median sale price of a home in Greater Vancouver will climb another 6.1 per cent in 2016 after a 4.5 jump this year. In 2017, the organization is predicting a 3.8 per cent increase.
“Metro Vancouver home prices have remained in the spotlight, keeping the housing affordability debate percolating in the news and social media,” wrote economist Bryan Yu, the author of the report.
His forecast comes as the Real Estate Board of Greater
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