First time buyers are driving Vancouver's real estate market
As interest rates hit record lows and prices in Vancouver dropping to a more affordable level; first time home buyers are re-emerging into the Vancouver housing market.Entry level buyers are now the engine driving home buying in a almost every major centre in Canada.
In the Vancouver real estate market, the most activity as been in condo's selling under the $500,000 mark. This represents first time buyers getting out of the rental market and purchasing their first home.
In April and May we expect a very robust market in Vancouver with buyers in the drivers seat.
For more information on condos for sale in Vancouver and on the real estate market in Vancouver contact:
Peter Raab
Vancouver Real Estate Agent
Labels: Vancouver Real Estate, vancouver housing market update, real estate downtown Vancouver
