If you’re thinking of moving to Canada or if you’re looking for a second home or investment property, is it a good time to buy?

ब्रिटिश कोलंबिया में, the ई.पू.. रियल एस्टेट एसोसिएशन (BCREA) is forecasting that residential sales prices will decline 13 प्रतिशत में 2009, with the majority of the drop to occur between now and the summer.

In the Canadian real estate market राष्ट्रव्यापी, housing prices are still expected to fall, although not as steeply as in B.C. के अनुसार कनाडा बंधक और आवास निगम, average prices are expected to decline approximately 5.2 percent in 2009, while in 2010, prices will level off, seeing little change from 2009.

तथापि, in an interview with the वैंकूवर सूर्य, BCREA chief economist Cameron Muir said, “If you compare today versus a year ago, investing in real estate is more attractive than it was then.”

उन्होंने कहा कि कहने पर गया था, due both to falling prices and lower interest rates, “For both investors and home buyers, अपने mortgage payment would be several hundred dollars less than a year ago.”

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