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…

Copy link