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.
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.