Stats analysis and breakdown by neighbourhood and price range for Metro Vancouver.
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Lower levels of both supply and demand in recent months are holding home prices in check in the Greater Vancouver housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,347 on the Multiple Listing Service® (MLS®) in March 2013. This represents an 18.3 per cent decrease compared to the 2,874 sales recorded in March 2012, and a 30.6 per cent increase compared to the 1,797 sales in February 2013.
Beyond the basics meant to ascertain the property type, market and potential tenants, there are a few other factors investors should consider before signing the dotted line. Here are five “other” questions every investor should ask when considering a condo.
1. Get the scoop on the Reserve Fund
First, reserve funds requirements vary from province to province, so if you’ve invested primarily in Ontario and are now looking at a property in B.C., be sure to check what the provincial...
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