The median asking price in Vancouver is $2,255,000, a substantial increase over the median three months ago which was $2,388,000 .
In May the median listed house price of $2,255,000 in Vancouver was an impressive compared to the rest of British Columbia.
Investors looking for properties in Vancouver are most likely to find 4 bedroom homes on offer this month, with 5 bedroom potential investment properties the second most popular.
The number of homes for sale this month in the neighbourhood has increased substantially at 358 in May .
As one of British Columbia’s many potential real estate investment neighbourhoods, Vancouver needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Across the country as a whole, Vancouver is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Vancouver’s median house price at $679,900 in May , it is high priced compared to the rest of British Columbia.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Vancouver has a huge choice compared to the rest of the province
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Vancouver will hopefully provide an indicator to help you where to research in-depth
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Vancouver have increased which would tend to indicate that demand is not as high as supply.