As another New Year rolls in, you’ll most likely want to know if your planned endeavors will be off to a good start. If one of those endeavors is homebuying, then you’re in luck. An article on the CBC News website reports on the continued growth of the Vancouver, BC real estate market into the year 2014:
“Pickup in Vancouver sales
For Metro Vancouver, total sales of detached, attached and apartment properties in 2013 reached 28,524, a 14 per cent increase from the 25,032 sales recorded in 2012.
But the number of residential properties listed for sale on the MLS declined 6.2 per cent in 2013 to 54,742, part of a trend in major cities as baby boomers hold onto their properties.
The average house price in the Greater Vancouver area was $603,400.
The price of a detached single family home rose 2.5 per cent to $927,000, while condo prices were up 1.8 per cent forÂ the year to $367,800.“
Sandra Wyant, president of the Real Estate Board of Greater Vancouver, pointed out that 2013 was a stable year for the housing market. That is, property prices in the area never changed (save for a slight increase as the year went on) and so gave would-be homebuyers in the area something they could trust in. This is definitely reassuring news for anyone buying or selling property with a real estate business like Vancouver Canada Homes.
That in mind, there may be no time like the present to get yourself a solid piece of Vancouver real estate. The winter season may not sound like a good time to go looking, but many a Vancouver real estate market expert would tell you the opposite: winter is actually one of the best times because the lack of competition ensures you’re more likely to get the house you want (as opposed to spring or fall, when more homebuyers are present).
When searching for your dream home, it’s always a good idea to enlist the aid of businesses like Vancouver Canada Homes. Be clear with them about your real estate needs and wants, and such professionals will be sure to find the perfect match for you.
(Article and Image Excerpt from Real estate boom continues in Canada’s largest cities, CBC News, January 6, 2014)