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BC Immigration

Why have BC home prices led the nation over the last decade?  Partly because of more people.

BC-Housing-DemandCheck out this chart from CMHC on net migration into BC.  The international migration numbers are especially interesting.  (Click to enlarge)

More people = more housing demand, and usually higher prices.

Mind you, BC home prices have been coming down steadily. Who knows when demand will reappear and support BC’s market once again.


For an entirely different view of home prices, here’s the Plunge-O-Meter from CRE Price Charts.  The annualized price declines illustrated here may be a little scary to those who just got 100% financing…