{"id":19362,"date":"2022-02-09T10:10:00","date_gmt":"2022-02-09T18:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=19362"},"modified":"2022-02-02T12:29:32","modified_gmt":"2022-02-02T20:29:32","slug":"bc-home-prices-to-jump-another-8-5-in-2022","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2022\/02\/bc-home-prices-to-jump-another-8-5-in-2022\/","title":{"rendered":"BC Home Prices to Jump Another 8.5% in 2022?"},"content":{"rendered":"<p style=\"text-align: justify;\">Fewer listings will lead to yet higher real estate prices in British Columbia, according to the British Columbia Real Estate Association\u2019s 2022 first quarter market forecast.<\/p>\n<p style=\"text-align: justify;\">\u201cWe expected home sales in 2022 to moderate from the frenetic pace of 2021,\u201d said BCREA Chief Economist Brendon Ogmundson. \u201cHowever, sales activity will remain high by historical standards.\u201d<\/p>\n<p style=\"text-align: justify;\">After hitting a record high last year, listings are expected to drop 17% to 103,250. They are expected to drop another 12% in 2023, when 90,200 homes will be put on the market.<\/p>\n<p style=\"text-align: justify;\">Competition for homes could push prices 8.5% higher in 2022, Ogmundson said. Most of those gains would come in the first half of the year, he said, with price gains slowing to 2.7% in 2023.<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-19363\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2022\/02\/Livabl-288x167.jpg\" alt=\"\" width=\"605\" height=\"351\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2022\/02\/Livabl-288x167.jpg 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2022\/02\/Livabl-768x446.jpg 768w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2022\/02\/Livabl.jpg 800w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.livabl.com\/2022\/02\/lower-inventory-higher-prices-forecast-bc-2022.html\" target=\"_blank\" rel=\"noopener\">BC Home Prices to Jump Another 8.5% in 2022?<\/a> by Livabl<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fewer listings will lead to yet higher real estate prices in British Columbia, according to the British Columbia Real Estate Association\u2019s 2022 first quarter market forecast. \u201cWe expected home sales &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2022\/02\/bc-home-prices-to-jump-another-8-5-in-2022\/\">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-19362","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>BC Home Prices to Jump Another 8.5% in 2022? 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