Prices are scheduled to go up in 2017 as Demand outstrips Supply in the Vancouver and Fraser valley market. Prices in 2016 saw an overall upward trend, with property assessment values going up as well.
Consequently, the rental market is hot too, and rental rates are showing an upward trend. The foreign investor tax has also lost most of its ability to slow down investment, since given the low Canadian dollar, it is still beneficial to invest in Vancouver, as opposed to the United States.
Investors and Buyers are realizing this and 2017 promises to be a great year for the Real Estate market! If you’re looking to take advantage of our Robust market, contact me and I’ll be able to assist you in maximizing your return.