REBGV April 2012 Statistics Videocast
Vancouverites have been complaining about the high housing price. Check out the Market Update from REBGV & you'll see where you can get your deal in our balanced market. However, prime locations still has premium price. If you think you want to wait & see if there will be further reduction, it's very hard to say if you make the right decision or not. Many places in the world hasn't recovered from 2008 Global economic crisis when Vancouver recovered in 6 months in early 2009. So, if you try to use the analysis you have been hearing on the News or internet, just remember Vancouver has prooved them wrong so far. Vancouver has its own market that no economists have done the right prediction so far. Enclosed another table for your interest should the interest rate goes up, how it affects your monthly payments.