Eugene Knoedler online real estate tools

Interesting article by Landcor on BC Real Estate Q3

Vancouver, BC - November 17, 2011
Back in 2007/08, the real estate market in BC was one big splotch of green. From northern cabin to southern mainland condo, home prices steadily climbed,realtors propagated like mushrooms after a summer cloud burst, developers feverishly planted condos in ever-more remote grounds, pundits kept assuring their investors that across its entire breadth and depth, Eden by the Pacific is forever ... so buy now! And by the way, have I got an investment-grade condo deal for you!

... and then the whole thing fell apart.
 

For the next four, five years, property values in most all of British Columbia withered and dried. Most, but not all places. The urbanized cores -- the aforementioned watering holes of Greater Vancouver, Vancouver Island and Kelowna -- largely held their own. 

It's early days but Landcor Data numbers suggest the 'outer' regions could be bottoming out. The big question: Does this signal the waning of the drought, the first trembles up from market trough -- and the signal for the canny and the quick to move in, buy wisely, prudently and longer-term?  

In uncertain times, nothing can be said with certainty but it seems, maybe, the rains are finally coming.   
click here to download full report
 

 

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.