The latest issue of Business BC is all about the property market rebound and they focus on 5 ‘hot pockets‘ to watch for and invest in for 2010.
What goes down in B.C. real estate must, apparently, come up. And quickly: by the end of 2009, the average home price in the province had risen to $463,000, back to where it was in 2007. Interest rates are, at least for now, at record lows, and increasing consumer confidence has spurred the market’s recovery beyond expectations. Barring the usual unforeseeable mayhem, things are looking good.
Just for fun, let’s see if we can predict which of those five markets will do best by January 2011. Below are the BC markets they focus on, vote for the one you think will have the best percentage return by the end of 2010. In the event of a housing market crash, best performance would be the market that lost the least amount of value.