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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.

2015 Spring Vancouver Real Estate Market Surge

Right beginning of 2015 Spring, Vanacouver real estate market rises surprisingly, comparing to what happens in the neighbour province Alberta. What cause this market surge, let’s take a deep look:

First of all, Canadian Dollar. Canadian Dollars continue to go weak since last quarter of 2014. For international buyers, that means Vancouver housing prices are going down a bit because of the dollar value.

Secondly, interest rate. Canada bank lowered core interest rate by 0.25 at the beginning of 2015. All the commercial banks lowered their major interest rate thereafter, which is a big fovour to home buyers.

Thirdly, Vancouver. It’s unquestionable that Greater Vancouver Area is the most favorable place to live Canada wide and worldwide. More and more Canadians emmigrant to Vancouver area. More and more immigrants land on Vancouver area. Population growth is the biggest support to Vancouver real estate market.

Last but not the least, this time the surge is happening not only in Vancouver city but in muliple lower mainland cities including Burnaby, Coquitlam and so on.

No one knows when this surge will end, to be honest. If you have any question about buying or selling homes in Vancouver area, you are welcome to contact us. Please call Angel Wang at 778.858.7958 or Helen Pan at 604.375.1488.