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Top 25 Real Estate Agents in Vancouver West,Downtown Vancouver and West Vancouver. Buy & Sell residential homes, property management, pre-sale and more.

2012 Vancouver Real Estate Market Trend – Up or Down?

Vancouver real estate market will continue to be up yet not dramatically. There are a few factors that we believe will strongly support the up market trend:

1. BC assessment values real estate properties in Vancouver area to be increased about 10% averagely. The increasing value by the government will definitely support increasing house price.
2. Although major banks increased prime rate a little bit since last year, mortgage rate still keeps at a lower level.
3. Appreciation of the Renminbi vs Canadian Dollar from 1:6.8 to 1:6.2 since last year, will encourage more Chinese buyers to come to the Canadian real estate market because of higher purchasing power.
4. Chinese governments’ real estate investment rules force more Chinese investors to look at real estate investment opportunities overseas.

By Vancouver top real estate agent – Angel Wang