It Has Never Been Harder To Buy A Home In BC

The amount of homes available for sale in BC has just hit a record low - 20,000. Consider that just 12 years ago, in 2009, that number was 60,000 - and since then the population has grown by more than 700,000 people. The average price of a home in BC increased by over 17% in the last 12 months and is up 80% in the last 10 years. Credit remains at near record lows and mortgage applications are at record highs. The competition to buy has never been mor...