Your Market Last Month…
“The housing market continues to be strong,” says Brian Naphtali, president of the Real Estate Board of Greater Vancouver. “November figures show strong growth compared to last year, are basically on par with figures from 2005, and are 16 per cent higher than the same period in 2004.”
The following statistics show the strength and value of investing in real estate. These are huge profits! In 5 years, overall residential house prices in Greater Vancouver have increased 102.8%. The increase in value over the past 5 years in detached houses was 90.1% in North Van, and 93.4% in West Van, with apartment investments showing a 122.2% increase in North Van, and up 124.5% in West Van, over the same time period. Can you afford to wait?