Be in the Know! The Vancouver Real Estate Market Can Change Quickly

Thursday, May 22, 2014

"This is the reason why a great number of Chinese investors left Canada for other countries, after Finance Minister Jim Flaherty imposed stricter immigration laws on February 2014. Prices for real estate in Vancouver, B.C. can also be affected by demographics. For example, if a certain city has a larger proportion of retirees rather than young people, then it is likely that that location has a greater demand for affordable houses and vacation homes, rather than high-rise condos. Of course, this doesn’t always hold true, which is why it is important for real estate buyers and sellers to be in the loop on current market factors before they make deals."


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