Home > Vancouver real estate > Will Vancouver real estate price going down or keep going up?

Will Vancouver real estate price going down or keep going up?


Well, this is a million dollar questions.  I wish I could make some prediction as bold as the Economists.  One thing I certainly has noticed is the China Chinese immigrants are less & less willing to get into bidding wars.  Therefore, I’ll see at least the price going to level off or appreciate  in a more moderate pace.  Many of them even when they involve in the bidding war, I see the final price is not sold significantly over asking.  I definitely see price has adjusted down in the Richmond area but the Westside or West Vancouver still holding well.  While the Chinese is buying like a storm, it does pushes the local people towards suburb areas because after they gain significant amount of profit from selling their house in the city.  In order to maintain the N. American dream of life style, they then move out of the city, commute a bit longer to work but still be able to own a backyard to play with their kids instead of raising them in an apartment.

 

Tina Mak Personal Real Estate Corporation

Vancouver Radio Realtor AM1320

The Bridge from East to West since 1992

http://www.TinaMak.com

http://www.TinaMak.ca 温哥华中文地產綱站

http://www.GenYrealestate.ca

604-412-5860

Empower Knowledge To Make Sensible Decision

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Categories: Vancouver real estate
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