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British Columbia housing markets are
expected to post an unremarkable
2012. While the inventory of homes
for sale will continue to wane in
most regions, consumer demand
will nevertheless be constrained by
modest economic growth at home
and abroad. The resulting lukewarm
performance in the job market will
keep unemployment rates relatively
high and while uncertainty around
European sovereign debt will keep
bond markets buoyant and mortgage
rates low, the negative impact
on consumer confidence will be
sustained.
British Columbia housing markets are expected to post an unremarkable 2012. While the inventory of homes for sale will continue to wane inmost regions, consumer demand will nevertheless be constrained by modest economic growth at home and abroad. The resulting lukewarm performance in the job market will keep unemployment rates relatively high and while uncertainty around European sovereign debt will keep bond markets buoyant and mortgage rates low, the negative impac ton consumer confidence will be sustained.