I hope you are all well and getting ready to enjoy a beautiful dry October weekend here in Vancouver. It looks fantastic out there so let's all take advantage of it.
Great news for home buyers this week. The official numbers came out from the Real Estate board here in Greater Vancouver and the news is:
We are now in the upper end of a buyers market!
- There are now over 16,000 properties listed in the greater Vancouver area.
- The sales to active ratio is at 14%.
- It is taking an average of 52 days to sell a place
- Prices have dropped generally by 0.5% since hitting the peak in June
Taking all of these factors into account, most analysts agree that this puts us in the higher end of a buyers market. So what does that mean for all you potential home buyers out there?
You gotta get out there and get on with it! It is a fantastic time to buy a place in Vancouver. Never mind all this global panic and the re hashing of the Vancouver bubble myth. We are living in a place where there is one of the most stable, safe banking and investment systems in the world. So much so that Forbes recently ranked Canada number 1 in the world as a place for business to invest.
We also have a pristine safe environment with the mildest climate in Canada and over 50,000 people each year are coming to stay for those reasons. With all the exciting developments happening all over the place and such a positive global image, Vancouver is going nowhere but up!
So there you have it in a nutshell. Don't put it off any longer. Talk to us about how you can get started. That's why we are here and we are very excited at the prospect of all of you taking advantage of a very positive time for home buyers. Get in touch and lets get on with it!
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