Real estate sales in B.C. level out

According to recent info released by B.C. Real Estate Association the first 1/4 of 2010 has seen more inventory than last year and fewer sales, resulting in a more moderate market. Likely causing this levelling are increasing interest rates and less demand as some buyers are priced out. Metro Vancouver has seen prices exceed peak market prices set before the global recession. As Vancouver continues to grow and attract global businesses and the economy performs well there is no reason to expect rising interest rates to lessen demand for homes or condos. I would expect the downtown condo market will hold it's own, as it has through the worst global recession in years. 

For more Vancouver Condo or real estate info contact Kerry Stimpson CENTURY 21 In Town Realty 

     

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