Vancouver's Real Estate is still the most expensive in the country

Our Real Estate may be slowing in growth, but it's still the most expensive market in the country. Greater Vancouver's benchmark reached $1,602,100 in October, up 1.03% from the same time last year. The Fraser Valley's benchmark in October was $853,600 up a whopping 6.84% from this time last year. and up 87.84% over the past 5 years.  What is also worth noting is the B.C. real estate markets are seeing huge declines in sales right now. 

If you are looking to sell in today's market, being successful isn't that challenging. Just don't do what almost everybody else is doing by trying to sell for what their home would have been worth at the peak. Be reasonable with your asking price, and you will likely sell for more than what your home was worth this time last year. It's still a great market to sell a home!


No comments

Post Your Comment:

Your email will not be published
Reciprocity Logo 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.