2016: A Rough Year for Realtors
It was a rough year for realtors with a lack of inventory on the market and lots of buyers.
The president-elect of the Vancouver Island Real Estate Board is Janice Stromar…
Stromar says the BC Real Estate Association is predicting a drop in home sales of 15 per cent in 2017.
She says that’s as a result of government intervention with the 15 per cent home tax of foreign home buyers and tighter mortgage rules.
Stromar says the first time homebuyers program is a plus though, and should help some people get into the market.