Canada's TD Bank has just released a housing report in respect to oil dependent provinces such as Alberta and Newfoundland, suggesting in excess of 10% price declines for Alberta and the alreadt troubled province of Newfoundland.. even greater declines approaching 30%!.
In BC, they are projecting a staeady market with gains in the region of 4-5% and possibly higher in Metro Vancouver . Local city's such as Richmond, Burnaby and North SHore may well exceed those predictions with multiple offers already featuring. Continuing low interest rates with possibly further declines on the way have triggered many investors to by bricks and mortar - Today! Inventory of Single Family homes in these municipalities has been declining in recent months and as such has put upward pressure on prices resulting in 'Multiple Offers' in many areas.
If you or someone that you know is ready to Sell or Buy, NOW is the time to call TREVOR BARNETT. With over 23 years of experience behind him.. Trevor has a network of professional REALTORS® throughout the YVR lower mainland and beyond.. ready to get you that great deal. Locally, Trevor specializes in Richmond, South Delta and Vancouver.
Questions? I'd love to hear from you!
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