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MARCH
2005 HEADLINES
FEBRUARY REAL ESTATE RESULTS
MIGRATION TO BC
HITS 5 YEAR HIGH
LISTINGS
& SALES
February
Vancouver Real Estate Results
 2004
Housing sales for February 2005 mirrored last February’s busy
market with high sales activity in a strong housing market. The
Real Estate Board of Greater Vancouver (REBGV) reports that
3,068 detached, attached and apartment properties sold in
February 2005, compared to 3,067 sales in February 2004.
“We experienced the same ‘higher than normal’ sales activity at
this time last year,” said Andrew Peck, REBGV president. “Sales
volumes tend to be higher in February than in January. However,
these are healthy sales figures compared to the moderate sales
we saw in the fall. And we see the same movement in other major
cities right across Canada.
“Low mortgage rates and confidence in the job market are still
the leading factors in housing affordability,” Peck says.
“Though the average price of a home is more today than five
years ago, the low rates combined with an increase in household
income and job longevity has made homes more affordable for more
people. Consumers continue to choose real estate as the best
place to put their money.”
Download the press release:
CLICK HERE
Migration to BC Hits 5 Year
High
2005 will see the biggest inflow of both
interprovincial and international migration to BC in the last 5
years. Approximately 36,000 new arrivals are expected within the
2005 calendar year according to statistics from BC Stats.
BC’s net interprovincial migration
(number of people moving to BC from the rest of Canada vs number
leaving) should hit 9000. This will make 2005 the third year in
a row that BC has been in positive territory. 2004 saw a net
increase of approximately 7000 which nearly doubled the net
increase of 3700 in 2003.
Immigration to BC is also seeing
consistently positive numbers with an estimated 27,000 new
residents within the province in 2005.
These figures continue to prove
beneficial to the local real estate markets as an increased
population should result in an unsurprising demand for housing
within major markets.
For more information on how these
figures have affected your property position, please contact
Kevin on (+1) 604.340.1267
Listings & Sales
NEW LISTING & SOLD!
305 Kelvin Grove Way, Lions Bay This magnificent home
has been extensively redesigned and appointed to take in the
beauty of the area and the lifestyle of a small waterside
village. An open-plan living space allows you to enjoy the view
from almost every room while retaining the privacy benefited
from backing onto BC's natural forest beauty.
For more information on this and other
properties, please keep visiting the Feature Listings section
www.findaproperty.ca/listings/
 Kevin is also looking to sell homes
in Lions Bay, the North Shore and Vancouver’s West Side after a
number of recent sales in area.
If you are looking to sell your property,
contact Kevin now. 604 340 1267 or
kevin@findaproperty.ca
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