Vancouver, British Columbia, Canada
About Vancouver: Surrounded by Water, Mountains & Forests Vancouver offers its residents an endless amount of recreation, opportunity & culture. It was once again ranked one of the most liveable cities in the world in 2010 by the international liveability report. Vancouver is an eclectic city filled with people of all ages and races. It is home to people from all over the world, many who own second or third homes here and have over the years become residents of Canada. Vancouver is infamous for having some of the most expensive real estate across Canada, yet its population continues to rise as people continue to move here. After visiting Vancouver you will come gain a better understanding of why this could be... You get what you pay for living in Vancouver and that is arguably the best quality of life in the world.
Population: Approximitly 600,000 in the City of Vancouver and over 2.2 million in Greater Vancouver
The Real Estate Market in Vancouver: Always Changing!! Over the past 3 monthes the market in Vancouver has undergone a major shift from a sellers market to a buyers market. There were several factors that can be attributed to this change and are as follows: The Bank of Canada introducing stricter mortgage policies and qualifications, the Bank of Canada raising interest rates, as well as the introduction of HST to BC's economy. Vancouvers real estate market is currently full of supply (homes on the market) and buyers are being selective and patient when making a purchase. Kelsie enjoys talking to her clients about past, current and future market conditions... please do not hesitate to contact her with your comments and questions! 778.387.6090
Monthly Market Stats & Trends:
JULY 2010 - Sales Down 45% from July of Last Year (Keep in mind last July was record-breaking busy!)
JUNE 2010 - Stable Summer Market - Is Vancouvers Real Estate Market Slowing Down?
MAY 2010 - Vancouver Buyers Have More Choice - The Tables are Turning!
APRIL 2010 - Competing Offers + Homes Selling Over Asking Price = Busy Spring Market
Interesting Vancouver Real Estate Related Information & Articles
Laneway Homes in Vancouver - Love them or hate them, they're here! A solution to Vancouver's shortage of affordable living or a money grab for developers & owners? What do you think?