It’s a new year and a new beginning!

There have been many forecasts for 2012 in the media and in summery the forecast is for slow growth, another balanced market and that the economy is beginning to stall.
If you sort through all this, the experts are really calling for a bit of a mixed bag. Remember that all those forecasts are for the whole country. Some regions will be booming and other regions will be under performing.
All those reports will not always apply to Vancouver. Given that Vancouver is the destination of choice for Asian investors, prices in Vancouver will remain far higher than in the rest of the country and this will likely continue into 2012 and 2013.
All in all the Canadian housing market is proving resilient in the face of ongoing global economic and financial uncertainty.