By Simon Little, October 24, 2019, Global News
British Columbia’s housing slowdown may be bottoming out.
That’s according to a new housing market outlook by the Canada Mortgage and Housing Corporation (CMHC), which forecasts housing starts, sales and prices in B.C. will begin to stabilize next year, before accelerating in 2021.
The agency says favorable economic and demographic conditions in the province will drive new housing starts, which it says will be “relatively strong growth … when compared to other regions.”