CONDOS and TOWNHOMES are what’s hot!
Vancouver’s real estate market is going through reverse cycle with attached home (condos and townhomes) prices rising faster than detached homes. This is largely due to empty nesters downsizing and the affordability these homes offer to new home buyers. Across the Lower Mainland, the areas that reflect the biggest rates of increase are Coquitlam with 10.1 percent, followed by Vancouver East with 9.5 percent and Richmond with a 9 percent increase.
In its April release, the Real Estate Board of Greater Vancouver states that so far this year, sales for condos and townhomes have accounted for 68.5 percent of residential sales. This trend is up from last year which accounted for only 58.2 percent.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Comments:
Post Your Comment: