VANCOUVER (NEWS1130) - Home prices are dropping, and sales numbers are slowing down, according to the fall forecast from the BC Real Estate Association.
Record high prices were expected to slow demand. But add to that shaky consumer confidence because of record high oil prices earlier in the year, and the bears roaming the stock market in recent weeks.
However, Cameron Muir with the BC Real Estate Association says prices in Vancouver, and the Fraser Valley will actually finish the year up, at about 3% over 2007.
