Bubble? What Bubble?
Alberta homebuyers eyeing B.C. again
Yet in the wake of recent news reports about a housing market swoon on the West Coast due to price plunge headlines, the talk of a housing bubble has popped up yet again.
He says Kamloops, the Okanagan and the North all posted double-digit increases in home sales compared to levels one year ago.
“With this spring, things have started moving again,” she says.
UBC Sauder School of Business real estate economist Tsur Somerville also notes the Interior and the North are doing better than the Lower Mainland lately.
Somerville doesn’t think British Columbians needs to worry about a housing market bubble.
In the Central Interior, “Everybody’s cautiously optimistic” the housing market will continue to move, Bourassa said.