Commercial real estate market hits record low as housing starts fall

Property type

Vancouver’s housing market has hit a record low of $3.3 billion, as prices continue to fall.

But the outlook for the year remains positive, with a rebound in the housing market forecast.

In a research note from Re/Max Research, the Canadian real estate firm says it expects home sales to rise 2.1 per cent this year and 2.6 per cent in 2018.

Re/max says it’s not yet clear whether this will continue or if the number of home sales will slow.

commercial real estate

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