Real Estate market continues to soar!

no sign of this market slowing"

There's no sign of this market slowing as the first 3 months of the year set new records for sales and price increases!

Much of the strength can attributed to the usual suspects; record low interest rates, a stable provincial economy (one of Canada's best) and surging migration especially from Alberta. Increasing Chinese immigration has resulted in unprecedented demand for houses and luxury condominiums in much of Greater Vancouver.

The first few months of the year experienced a 'severe shortage' of listings & record sales resulting in unprecedented price increases in many areas. Now the record pace of house sales/price increase has spread 'fast & furiously' to Vancouver's suburbs and the Fraser Valley.
Condos and Townhomes have joined the party, especially in Vancouver, with many suites selling in a matter of days and well over the asking price!

At the end of a record 2015, it seemed reasonable to expect some price/sales moderation for 2016. However, after the showing over the last few months the 'gloves are off' in this regard. (stay posted)

As I predicted in late 2015, American buyers have invaded many parts of our province, Whistler being one of them. This will likely continue as long as our Loonie swoons and a controversial US. Election looms.

Nevertheless, there are opportunities for buyers, at least for the time being, in a select few areas that have yet to see the real price surge! me now for my top picks.

"There is a big difference between a human being and being human" (Unknown)

Market Update below - Contact me for your 'SNAP STATS' report (detailed area update)

Sales/ Listings Statistics and Graphs for all areas.

All information is approximate

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