Powell River Housing Market is Moderating, But Still Strong
The Powell River housing market , like many others within British Columbia, has enjoyed notable sales and price growth. Market demand in Powell River has been driven by a diverse array of buyers, from out-of-province retirees to foreign investors. Indeed, there’s a lot to love about Powell River, and keen homebuyers are noticing! But it appears that Powell River is mirroring the same trends that have become evident across the broader Canadian real estate market . Activity appears to be cooling after 18 months of red-hot gains, but the numbers still suggest a strong market. Does this mean the southwestern B.C. city has reached its peak, or is there still room for growth in this local market? This is be a challenging question to answer, considering the many factors at play over the next six to 12 months, from the Delta variant to shifting consumer trends and interest rates . Perhaps a look at how the Powell River real estate market performed in the final full month of summer could