The apartment segment of the market is showing good strength: The Greater Vancouver average apartment price was up almost 13% in one year, and a whopping 29% from 2 years ago. 828 apartments sold this January, compared to 1,095 one year before, and 808 in January 2015. There are fewer apartments for sale now than […]
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Real Estate Market in 2017
Like any market, housing is driven by the laws of supply and demand. Demand is largely determined by buyers’ confidence and population growth. On the supply side, an over-supply will tend to bring prices down, an undersupply will put pressure on to lift prices. Here are just a few of the factors that we should […]
Read MoreThe Year-End Market Status
The end of 2016 arrived with much lower sales volumes (especially in single family detached homes) than the year started with, and, as mentioned above, quite a bit of uncertainty moving forward. In spite of the lower sales – some of which is seasonal – prices have not dropped significantly, nor are listings building up. […]
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