Elevation of Home Prices in Whitehorse, Yukon

By
Real Estate Agent with RE/MAX Action Realty
As a professional in the field of Real Estate Marketing, I get asked almost daily… “How high can housing prices go in Whitehorse?” The reality is that there is no one simple way to answer this question. In fact several elements of the marketplace need to be examined prior to conclusions or predictions being made. Next time you’re out with your buddies or sipping on some wine with the girls and the topic of Whitehorse real estate comes up, keep this in mind… The simple straightforward law of supply and demand can be held largely responsible for the current state of housing prices in Whitehorse and the Yukon. One who lives in Whitehorse or anywhere in the Yukon for that matter knows all too well the direction pricing has gone in the last 10 or so years. Elevated demand, low interest rates and a strong economic outlook compounded with global factors influencing investor decisions to hedge on gold; we continue to see adjustments upwards in our housing market. The current trend of elevated pricing on homes in Whitehorse and throughout the Yukon compounded with a profound shortage of lots available to build on within the City of Whitehorse, and you have the multifaceted recipe for where the current market is situated today - all time highs! Although measures and strategies are in place to alleviate the shortage of lots within the City of Whitehorse, we are still months to years away from seeing the immediate impact on housing prices in the Yukon, if any at all! Interest rates are to remain stable into early fall and and our immediate shortage of housing will remain relatively unchanged leading into the new year. Growth projections are steady and demand is high. What does all of this stuff really mean...? In understanding what factors influence housing prices, and looking at historical data in similar regions one can better prepare themselves to make sound, prudent decisions that will help you in meeting your overall objectives. As a real estate professional I help to make sense of some of the issues most important to the purchase or sale of real estate in the Yukon - without unfounded opinion or bias in either direction. After-all, real estate is one of the most significant investments one can make in any market. For more information on market data specific to your neighborhood, please contact me today! Chris Meger Real Estate Agent RE/MAX Action Realty www.chrismeger.ca

Comments (3)

MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thanks for sharing about Elevation of Home Prices in Whitehorse, Yukon.

I just subscribed to your blog as I am growing my North American and international referral base. I specialize in Silicon Valley, specifically San Jose, Saratoga and Cupertino, Calif. (home of Apple Computer). You are one of the first ActiveRain bloggers I subscribed to in your area. I hope we can help each other grow our real estate businesses in 2012 and beyond. You can read my blog at www.activerain.com/results.

Feb 22, 2012 12:22 PM
James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Colorado.

Jun 21, 2012 12:16 PM
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Hey, Chris!  Isn't it time that you give us another post?

Cheers!

Pat

Dec 16, 2013 12:09 PM