{"id":10846,"date":"2018-11-20T10:10:58","date_gmt":"2018-11-20T18:10:58","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=10846"},"modified":"2018-11-10T09:38:47","modified_gmt":"2018-11-10T17:38:47","slug":"bcrea-new-forecast-for-the-housing-market-in-2019","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/","title":{"rendered":"BCREA New Forecast for The Housing Market in 2019"},"content":{"rendered":"<p style=\"text-align: justify;\">Brighter days are ahead for BC\u2019s housing market.<\/p>\n<p style=\"text-align: justify;\">At least that\u2019s what the British Columbia Real Estate Association (BCREA) is saying in a new forecast.<\/p>\n<p style=\"text-align: justify;\">The association predicts that resale activity will rebound in 2019 after finishing up this year with activity down 23 percent annually for a total of 80,000 transactions.<\/p>\n<p style=\"text-align: justify;\">BCREA anticipates next year 89,500 homes will change hands, representing a year-over-year increase of 12 percent.<\/p>\n<p style=\"text-align: justify;\">That is above BC\u2019s 10-year average of 84,800 sales per year.<\/p>\n<p style=\"text-align: justify;\">\u201cDespite the drag from mortgage policy, strong performance of the BC economy continues to be highly supportive of housing demand,\u201d reads the BCREA 2018 Fourth Quarter Housing Forecast.<\/p>\n<p style=\"text-align: justify;\">Expanded stress testing, which the federal government introduced in January, has been a drag on the market as it has made it more difficult for some mortgage applicants to qualify.<\/p>\n<p style=\"text-align: justify;\">\u201cThe erosion of affordability and loss of purchasing power induced by the stress test, as well as by moderately rising interest rates, are expected to temper housing demand through 2019,\u201d BCREA notes in the report.<\/p>\n<p style=\"text-align: justify;\">Pricewise, BCREA generally expects home values to increase in tandem with inflation. In Greater Vancouver and Fraser Valley, the association forecasts growth of between 3 to 5 percent next year. Although BCREA considers the Vancouver market balanced, supply levels are still low enough to insulate it somewhat from the fallout of stricter mortgage rules.<\/p>\n<p style=\"text-align: justify;\">There were 12,984 active listings in Greater Vancouver in October, according to the Real Estate Board of Greater Vancouver. It has been four years since there were as many listings on the market. \u201cWhile slower housing demand is reminiscent of 2012 when maximum amortizations were reduced to 25 years, active listings are still a fraction of their level at the time,\u201d says BCREA.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/2018\/11\/bc-realtors-expect-vancouver-housing-market-2019.html\" target=\"_blank\" rel=\"noopener\">Here&#8217;s What BC Realtors Say You Can Expect from The Housing Market in 2019<\/a> by Josh Sherman | Livabl<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brighter days are ahead for BC\u2019s housing market. At least that\u2019s what the British Columbia Real Estate Association (BCREA) is saying in a new forecast. The association predicts that resale &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-10846","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA New Forecast for The Housing Market in 2019 &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA New Forecast for The Housing Market in 2019 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Brighter days are ahead for BC\u2019s housing market. At least that\u2019s what the British Columbia Real Estate Association (BCREA) is saying in a new forecast. The association predicts that resale &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/11\\\/bcrea-new-forecast-for-the-housing-market-in-2019\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/11\\\/bcrea-new-forecast-for-the-housing-market-in-2019\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"BCREA New Forecast for The Housing Market in 2019\",\"datePublished\":\"2018-11-20T18:10:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/11\\\/bcrea-new-forecast-for-the-housing-market-in-2019\\\/\"},\"wordCount\":305,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/11\\\/bcrea-new-forecast-for-the-housing-market-in-2019\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/11\\\/bcrea-new-forecast-for-the-housing-market-in-2019\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/11\\\/bcrea-new-forecast-for-the-housing-market-in-2019\\\/\",\"name\":\"BCREA New Forecast for The Housing Market in 2019 &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2018-11-20T18:10:58+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/11\\\/bcrea-new-forecast-for-the-housing-market-in-2019\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/11\\\/bcrea-new-forecast-for-the-housing-market-in-2019\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/11\\\/bcrea-new-forecast-for-the-housing-market-in-2019\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BCREA New Forecast for The Housing Market in 2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BCREA New Forecast for The Housing Market in 2019 &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/","twitter_card":"summary_large_image","twitter_title":"BCREA New Forecast for The Housing Market in 2019 &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Brighter days are ahead for BC\u2019s housing market. At least that\u2019s what the British Columbia Real Estate Association (BCREA) is saying in a new forecast. The association predicts that resale &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"BCREA New Forecast for The Housing Market in 2019","datePublished":"2018-11-20T18:10:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/"},"wordCount":305,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Market Updates"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/","url":"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/","name":"BCREA New Forecast for The Housing Market in 2019 &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2018-11-20T18:10:58+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-new-forecast-for-the-housing-market-in-2019\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"BCREA New Forecast for The Housing Market in 2019"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/10846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=10846"}],"version-history":[{"count":2,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/10846\/revisions"}],"predecessor-version":[{"id":10848,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/10846\/revisions\/10848"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=10846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=10846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=10846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}