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Housing Market in BC

The housing market looks to be stable over the next two years, according to Eric Bond.

 

He’s a senior market analyst for Vancouver Island at the Canada Mortgage and Housing Corporation.

 

Bond says demand for new homes in the province will be supported by employment and population growth combined with low mortgage interest rates.

 

He adds looking at the Comox Valley, in Courtenay this year they’ve observed 310 housing starts, which is an 85 percent increase over last year.

He says a lot of the activity has been in the construction of new apartment condos and rental apartments.

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