Both are forecasted to increase in 2024 with housing starts remaining somewhat level.
Home sale activity in the coming year is expected to decline alongside housing prices as B.C. housing construction remains “strong,” according to the province’s Budget 2023 economic review and outlook.
Looking ahead, the Ministry of Finance predicts that home sale activity is expected to continue to decline by 13.3 per cent in 2023, followed by an increase of 17 per cent in 2024. As the province looks to build more housing stock, the Ministry of Finance expects that housing starts in B.C. will total approximately 39,000 units in 2023, 37,000 in 2024 and average 38,000 per year from 2025 to 2027.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Hope and fear: 2023-2024 B.C. budget draws range of reactions - Terrace StandardA leading business voice fears the financial direction of B.C. while others see hope on housing
Lire la suite »
Alberta Budget 2023: Read Finance Minister Travis Toews' budget speech hereBelow is the transcript from Alberta Finance Minister Travis Toews\u0027 speech outlying the details of the 2023 Alberta Budget.
Lire la suite »
Alberta Budget 2023: Finance Minister Travis Toews' full budget speechBelow is the transcript from Alberta Finance Minister Travis Toews\u0027 speech outlying the details of the 2023 Alberta Budget.
Lire la suite »
Budget 2023: B.C. budget sees red for at least three more yearsBudget includes new output-based carbon pricing for industry
Lire la suite »
Alberta Budget 2023: Education budget increases by 5.2 per cent to address growth, classroom complexitiesAlberta Budget 2023: Education budget increases by 5.2 per cent to address growth, classroom complexities ableg abpoli
Lire la suite »
Alberta Budget 2023: Education budget raised 5.2 per cent to hire more teachers, modernize schoolsAlberta Budget 2023: Education budget raised 5.2 per cent to hire more teachers, modernize schools ableg abpoli
Lire la suite »