Metro Vancouver’s housing market remained balanced in January amid growing signs of a strong sellers’ market returning with high demand in larger centres.
Tagged: Home Buyers
The Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of the region’s largest communities.
The Greater Vancouver residential housing market entered three distinctive phases in 2010.
Housing activity in the country is slowing down after a busy first half, especially in British Columbia, Alberta and Ontario where prices are expected to fall in the coming months.
Your house is for sale for $350,000, and you’re confident it’s well-priced. You get an offer, but it’s for $300,000, and you’re stunned and disappointed by how low it is.
That seller might still end up with an acceptable sale price. The key is being ready.
If you’ve decided to buy a house, you may be wondering where to begin — find a real estate agent? Go to open houses? You’ll have to juggle a number of tasks simultaneously, ranging from the fun to the tedious. The preview below will alert you what’s ahead and link you to other key information.
The Bank of Montreal cut its special five-year fixed rate mortgage by 20 basis points Wednesday, bringing it down to 3.59% from 3.79%.
BMO said in a statement that the move was an effort to provide potential home buyers an incentive as the fall season rolls around.