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What is the right price
to pay for a condo? With the current real-estate market here most people
seem to agree that property is getting too expensive in
Vancouver, particularly for first-time buyers. Opinions
differ on what that means for the future, most people
who earn their living through real estate seem to be of
the opinion that prices will stay the same for a while
(plateau), Increase very moderately for the next few
years (about the same as inflation) or dip slightly.
Others take a more negative view, pointing to
Vancouver's history of manic depressive real-estate
price swings, including a one year 40% drop in house
prices in the early eighties. With the current build-up of houses and condos for sale
and months of dropping sales its starting to look like
we've hit the market peak - so how many are waiting on
the sidelines to buy? If prices start to drop who will
jump in to make sure they don't drop too much?
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Burnaby |
Coquitlam |
North Vancouver |
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Port Moody |
Port Coquitlam |
Maple Ridge |
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If you're looking to buy in Vancouver, but are
currently 'priced out' or have found better
places to invest your hard-earned money, what
would convince you to buy in Vancouver? What do
you feel is a reasonable price to pay for a
house or condo in Coquitlam and Port Coquitlam?
For more information Contact:
Mary Nia Local Royal LePage Realtor
(604) 715 4732
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