Historically normal activity keeps the Greater Vancouver housing market in a balanced state
December 2nd, 2011***IMPORTANT*** These are just figures, stats and graphs. Real Estate in Vancouver is so micro that you need to look a lot closer than a blanket stats package to see what the market is doing. Neighbourhood by neighbourhood, street by street and even block by block. This is one of the biggest ways Real Estate has changed and further proof that not all Realtors are equal. Happy Reading!
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Interesting findings from this survey...I think we should change our mentality a bit and look at Real Estate as a bit more of a long term option. It may be a good idea to save a bit more of a downpayment and purchase a two bedroom condo that you can "grow into" instead of a one bedroom condo you could quickly grow out of...just a thought especially if the condo market softens.