2007 in the world of Vancouver Real Estate continued its remarkable climb upwards. The graph reveals a few bumps during the year. Some would consider these nervous moments. In reality, as a graph of average prices, the abrupt ups and downs most likely represent a momentary scew as a result of a few high priced sales . Near the end, a close up shows a renewed bounce up.
The assessments are out and some reports suggest an overall increase of 16%. Perhaps its that time again to grab something heavy and hold on. 2008 is just beginning and the Olympics are 24 months away.