News Release
Are you like me, as Dave Letterman says in his evening monologue, "do you prefer stability in your real estate market, compared to the volitile market that we've seen in the past"? Well Vancouver's spring market seems to be offering a more stable tone - thank goodness!
"There's more confidence in the housing market today than we were seeing late last year. Sales activity is rising to more typical levels given the season, and the number of homes being listed for sale is levelling off," said Scott Russell, president of the Real Estate Board of Greater Vancouver. Scott goes on to mention, "REALTORS® are seeing an increasing level of interest from first-time buyers who are attracted to low interest rates, good supply of housing, greater affordability, and a considerably lower overall cost of servicing a mortgage compared to recent years,"
With prices edging back into the "realm of possibilities", the average couple who can select a home with revenue from a basement suite, have reasonably priced day care to allow mom to get back into the work force to earn income, and have more modestly costing mortgage financing, stand a chance to live a life just like their parents offered them.
Choose the links below to read or hear more from Scott Russell.
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