RE/MAX Predicts Slowing Real Estate Prices
Demand, however, will still be strong enough to push detached-house-prices up eight per cent in Greater Vancouver to an average of $543,240, nine per cent in Kelowna to an average of $460,965 and five per cent in Victoria to an average of $440,000. Re/Max reports in its 2007 market outlook.
Re/Max's expectations have B.C. outperforming the national average, which calls for price increases of five per cent to an average of $290,000.