Metro Vancouver Sellers Market Forces Six Percent Price Increase
(April 17, 2015
)
As our real estate team forecast, Metro Vancouver real estate remains firmly in a seller’s market as strong demand coupled with low interest rates continue to fuel price gains and sales activity with the exception of the condo sales market.
BC HOME HUNTER AVERAGE CANADIAN HOUSE PRICE INDEX
(all property types, 1st quarter 2015)
Metro Vancouver: $874,869, up 6.6 per cent in the past year
Victoria: $569,070, up 1.5 per cent
Kelowna: $413,369, down 1.3 per cent
Calgary: $474,251, down 2.2 per cent
Regina: $308,355, down 5.5 per cent
Winnipeg, $284,000, up 0.7 per cent
Toronto: $594,827, up 8.3 per cent
“Offshore Asian buyers continue to drive demand and the incentive to buy in the region has been enhanced by the low Canadian dollar.” Vancouver may receive all of the press however the Fraser Valley real estate market is making Metro Vancouver look like a tortoise in a foot race with sales at a nine year high.
Our real estate team at THE BC HOME HUNTER GROUP have already published our 2016 forecast but if you haven't received our newsletter feel free to call or email for your complimentary copy today.
Whether your considering the purchase or sale of your home or any real estate don't hesitate to call our top performing real estate team any time, 604-767-6736.
(all property types, 1st quarter 2015)
Metro Vancouver: $874,869, up 6.6 per cent in the past year
Victoria: $569,070, up 1.5 per cent
Kelowna: $413,369, down 1.3 per cent
Calgary: $474,251, down 2.2 per cent
Regina: $308,355, down 5.5 per cent
Winnipeg, $284,000, up 0.7 per cent
Toronto: $594,827, up 8.3 per cent
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