Elton Ash, Re/Max regional executive vice-president for Western Canada, said the beginning of 2009 will look a lot like the end of 2008.
"The confidence issue, certainly from our perspective, [will be key] when we look at 2009," Ash said in an interview. "The first quarter of 2009 will certainly be a continuation of the trend we're seeing now, with reduced transactions and average prices coming down in Vancouver and throughout British Columbia."
Ash said consumers should have a better idea after the first quarter of 2009 what kinds of stimuli governments plan to inject into the economy, which should bolster confidence through the rest of 2009.
