Vancouver real estate robust
June 15, 2009 by admin
Filed under Positive Real Estate
Canada is back as May sales in Vancouver were 17 per cent above May, 2008, for the first year-over-year gains in months.
Most activity is among first-time buyers at the more affordable end of the market.In Calgary, for example, 70 per cent of resales in May were on homes priced under $400,000.
“First-time buyers are coming in to take advantage of the ultra-low interest rates we’re seeing right now,” Ms. Warren said.
“My last three buyers, all three lost their offer because they were in a bidding war,” the Re/Max agent said in an interview, adding she has been busier than she has been in months. “Anything up to $600,000 is flying off the shelves,” she said.
Source:http://www.theglobeandmail.com/report-on-business/real-estate-recovering-economists-say/article1181681/
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