Newspaper article The Canadian Press

BC Audio 7:25 PM ET

Newspaper article The Canadian Press

BC Audio 7:25 PM ET

Article excerpt

BC Audio 7:25 PM ET

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VANCOUVER. x-12s. Economists say real estate prices in B-C will continue to climb this year despite an anticipated slowdown in sales. New mortgage regulations that went into effect Monday are expected to slow the pace of first-time buyers entering the market. Chief economist with the B-C Real Estate Association, Cameron Muir, says that won't stop rising prices in markets from Victoria to Kelowna, where population growth and a strong economy supports demand.

("... would decline.") (SOURCE: The Canadian Press)

TAG: The Real Estate Board of Greater Vancouver says the benchmark price for all residential properties was up 15-point-nine per cent last year, topping one million fifty thousand dollars -- despite the number of sales dropping nearly 10 per cent from 2016. …

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