No Olympic gold in sight for real-estate speculators

September 7, 2009

By Susan Lazaruk, The Province – September 2, 2009

Next year’s Olympics won’t cause the real-estate market to dramatically rise or fall, but B.C. will see a gradual total increase in house sales of six per cent in 2010, according to one real-estate company.

The recent uptick in the real-estate market — housing sales have doubled in some B.C. regions — has less to do with the coming Olympics than with pent-up demand from the downturn, coupled with low interest rates, said realtor John Geha, president of Coldwell Banker.

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