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Vancouver Housing Market Summary First Quarter 2007
Vancouver's housing market continued to show its strength in the first
quarter, supported by sustained in-migration and growth across the city. New
inventory was unable to satiate the demand of purchasers. The market remained
firmly in the sellers' favour, with multiple offer situations occurring,
although less frequently than last year. The condominium market in Vancouver
was particularly active in the first quarter, attracting the interest of a
variety of purchaser groups such as baby boomers, first-time and move-up
buyers and investors.
MyMortgageBC Bottom Line: Mortgage rates continue to remain low which helps first time home buyers enter the housing market. |
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