Posted January 3rd, 2008 in Real Estate, Statistics | 
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.
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Search for your home here. It’s lot easier than other places I can’t mention and you can see the home via Google street view. . Use Walkability to determine the availability of those neighbourhood services most important to you. Don’t be shy, tell your friends who are looking to stop by and give it a whirl. They will love you even more. 
If you would like something more personal that is specific to your budget and needs, give me a shout. Let’s talk and I’ll set you up with a custom search delivered daily to your in box.
Of course, if you got some questions I’m around for that too.
Thinking of Buying or Selling your Vancouver home? Put on a cup of coffee and let’s talk.
*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.
Is now a good time to buy a condo downtown for investment purposes? Will I be able to rent it out to make a profit? These guys say no: http://vancouvercondo.info – are they lying?
Charles,
I don’t think bloggers lie….. they just have opinions.
Perhaps Ozzie Jurrock says it best –
So what should we do?
“First of all understand your personal objectives, make a plan and write it down. This is important. Decide if you are a flipper or a long-term investor. It will force you to think. Buying downtown, you are really not buying for cash flow … you are looking for capital gain … you are a flipper. Can you carry the negative cash flow, if you can’t flip for a few years? If you look to be an investor for cash flow, go to areas – good solid areas – where rent to price ratios make sense and a tenant buys you the property – literally.”