For the first time in almost three years, overall housing affordability actually improved—a little—in 2016’s fourth quarter, but this was not the case for the condominium market. According to RBC’s Housing Trends and Affordability report released March 30, it was more difficult to afford a condo in the Vancouver area in Q4 than it was a
Vancouver – “The house sold in March, 2012 for $2.498 million. In the current west side real estate market, that’s lot value, and the house is being torn down. Old houses are being demolished all over Vancouver — the city issued 974 demolition permits for single and two family homes in 2015. But this house was supposed
Vancouver – “In a red-hot real estate market where inventory is low, prices are high and competition is fierce, the seller holds exponentially much more power than the buyer. Multiple offers have become the new normal in the Vancouver market, with many properties selling for hundreds of thousands of dollars over the asking price.
