Bill Noy White Rock South Surrey Realtor
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Defying Gravity
A new report says there are good reasons for Vancouver home prices will continue to rise for single family detached homes especially in the upper end of the market. February 2016 sales broke records, 30 per cent higher than in February, 2015. But it is the price of land that is going upnot the cost of building homes. Half duplexes and townhouses provide a cheaper alternative.
Prices by Housing Type

Prices by neighbourhood

Townhomes by neighbourhood

Apartments by neighbourhood

Sales-to-Active Ratio

Increased housing demand spreads to townhomes and apartments

In May, the benchmark price of townhouses increased 20.4 per cent . The benchmark price of apartments also increased year-over-year by 17 per cent.

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What are they? A Depreciation Report is a business plan that factors in when common assets such as roofs and elevators will need to be repaired, renewed or replaced. The idea behind depreciation reports is to budget for inevitable expenses so that strata owners are not ýblindsidedţ by Special Levies.
What is means to you No depreciation report creates uncertainty for buyers and may effect their ability to get financing.
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Strata
Whats Up?

 


If you're buying a new home it costs you nothing to have me representing your interests.

My commission is paid by the seller. There are clear advantages to using me as as your buyers agent.

 


Economic Forecasts

Facts and figures from the Brtish Columbia Real Estate Associatiion
Strata
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