coquitlam port moody bc homes property for sale

Posted by jakirmohammad1000 on February 1st, 2021

Vancouver Sees Staggering 52 Per Cent Rise in House Sales in August 2013
First it was Toronto that released its figures for house sales in August, and then just hours later came the news from Vancouver and its sales for homes. When the Real Estate Board in Toronto announced Toronto house sales were up by 21%, it certainly raised a few eyebrows. But then when Vancouver's sales figures were announced and we had a 52% rise, it must drawn many to take in a sharp intake of breath.
The figures compare to those from last year, so property sales are up 52% on the figure they were at in August 2012. Buyers have long feared that one day there will be another round of tightening up of mortgage rules, and it has been for that reason that house sales across Canada have been a little suppressed. But those fears are clearly beginning to ease now and suddenly there has been a glut of home buying in many of Canada's major cities.

Moreover, it's not just the luxury home market that has taken off at a pace. Sales are strong in virtually all home sectors including apartments, condos, town houses and luxury homes. Vancouver is well known for its luxury homes with many of the waterside properties boasting 7 or 8 bedrooms and just as many bathrooms. In fact the average in Greater Vancouver was placed at just over 1,000, which is actually a slight drop from the figure it was compared to August 2012. Compared to Toronto where the bench mark price was actually on the up by nearly 6% to just over 3,000, Vancouver still has seen a healthy interest in the housing market.
The increase in sales is still expected to continue unabated despite tighter lending restrictions and rising household debts. It's thought many in the real estate business and the home buying market are starting to feel a housing price boom to begin at some point in the next two years.
There is no doubt that the Real Estate Board of Greater Vancouver believes the city's housing market is looking much healthier than it was this time last year. The sales boom in August comes as figures in the month of July were actually down. House sales in Vancouver were 16% lower in July 2013 on the same period earlier. The figures also noted that there were 8% fewer properties listed in August than on the previous year.

Experts: Buying Homes in Vancouver Better Than Toronto
Experts in the real estate industry have said it is much better to invest in property in Vancouver than it is in key big cities like Toronto. This advice comes despite Vancouver house prices being substantially higher than the majority of Canadian big cities.

It has never been a secret that Vancouver property prices are high but apparently it is still better than investing in Toronto properties thanks in part to a number of reasons. Real estate firms will be quick to make a link with high property prices, ample green spaces and living near to the ocean. The weather also plays a key role in bringing in potential viewers, investors and buyers into the Vancouver property market.
Despite the property prices chiefly more expensive on an average basis, they are actually better if not on a par with Toronto for the first-time home buying market. It means that first time buyers might actually find it's easier to invest in Vancouver than in Toronto.
Toronto first time buyers average an investment of 5,000, where first-time buyers in Vancouver actually invest 0,000 and there are double the amount of condo resales in Vancouver as there are out in the east.
There is also another tax feature which makes Vancouver more of a promising city to invest in a home in: Toronto charges two types of tax versus just the one in Vancouver - and it means you get to save money from the outset.
Let's say you are a first-time buyer and wanted to buy a lucrative 0,000 property in Toronto, you would expect to pay around ,000 (or more) in taxation, whereas Vancouver buyers, purchasing a similar property at the same price can expect to pay only around ,000 in tax. And it's even good for sellers too.

Selling property in Vancouver is very much easier than it is in Toronto; just recently one lucrative estate property listed at a selling price of million sold for over million. And another home listed at .8 million was off the market in as little as 12 days when the winning bidder stumped up million.
In many cases the outstanding views, ample green spaces and vast waterways and ocean location make homes in Vancouver easier to sell. This means that the investment prospects are far more desirable out in the west. So it's not just that Vancouver homes looks easier on the eye - it's the views that do too.

Contact Us

Address: - 2808 Kingsway Vancouver, BC V5R 5T5
Mobile: (604) 725-3646
Phone: (604) 439-2266
Email: - homes@royafani.com

More Information: - Vancouvercities.ca