Don’t expect Vancouver real estate to cool anytime soon: Central 1

The real estate market in Vancouver is going through the roof, and this is expected to continue through 2018, according to a Central 1 forecast released April 19.

So far this year, Central 1 said, sales in Metro Vancouver alone have outperformed the credit union’s previous forecast, released in late 2015. Yu said sales will likely increase 22% across the region this year, while the median price grows 13% to $668,000. For detached homes, the median price is forecast to grow 23% to over $1.1 million.

Read the full article on BIV.com.