June, 2013 RSS Icon
Found 3 entries for June, 2013.

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Source: Concord Pacific Development via The Straight

Canada's largest community builder Concord Pacific Developments Inc. is setting its eyes on Surrey BC real estate.

The company’s Vice President Grant Murray shares that they feel it is important to move outside of Vancouver especially with 70% of population growth expected south of the Fraser River. In particular they feel that Surrey has the potential to go very high density. Essentially, they see the profit potential for development in Surrey.

In the article published by Straight.com, Vancouver’s Online Source, Murray is quoted as saying that Surry has “caught everyone’s attention” and it is “growing up a lot faster than anybody anticipated.”

So what does Surrey, BC’s future hold?

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When your income doesn’t seem to keep up with your expenses you soon run into troubles keeping up with paying bills and making ends meet. But what happens when the housing market prices far exceed our income levels?

I came across an article this morning that claims Vancouverites are too poor to afford BC real estate within Vancouver. Furthermore the writer claims that “it’s astonishing we even try.”

I think that a lot of the main points shared in this article help to put the real estate market into perspective as well as highlight the opportunity potential of buying Langley, White Rock and Surrey houses for sale:

  • Vancouver has the highest average house price in Canada but an average income below most major Canadian cities.
  • The average
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vancouver_fraser_valley_real_estate_update_may_2013_446Image courtesy of Scott Chan / FreeDigitalPhotos.net

Yesterday The Vancouver Sun published an article titled Rise in Metro Vancouver’s monthly home sales signals stabilizing trend which depicts the conditions of our local real estate market over the last month. 

As discussed in the article, Vancouver real estate sales statistics and trends show that recent Vancouver home sales are 9.7% higher than April sales. Despite this improvement sales in May are still nearly 20% below the ten year average. Other Vancouver home sales statistics published by the Real Estate Board of Greater Vancouver include:

  • Number of listings is 18% below the number of listings at this time last year.
  • Sales-to-listings ratio is 17% compared to only 12% in January.
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