CANADIAN HOUSING MARKET FORECAST UPDATE

(October 14, 2017)

OCTOBER 2017

British Columbia
We project home resales to decline by 8.0% to 93,100 units
and prices to rise by only 1.5% next year. Our view is that the BC market will be particularly sensitive to higher borrowing rates, as they will take a further toll on already strained housing affordability in markets such as Vancouver and Victoria.
Policy measures:
including a 15% tax on purchases by foreign n... read more.