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KEVIN O'TOOLE'S OCTOBER
2006 HEADLINES
CURRENT MARKET CONDITIONS
BC POPULATION
GROWTH
LISTINGS
& SALES
Greater Vancouver
Current Market Conditions
 The
Real Estate Board of Greater Vancouver (REBGV) reports that
total residential sales for detached, attached and apartment
properties reached 2,519 units in September 2006, a decrease of
24.7 per cent compared to the 3,344 units sold in September
2005, and a 11.5 per cent decrease compared to the 2,845 sold
during the same period in 2004. New listings for detached,
attached and apartment properties increased by 11.4 per cent to
5,115 units when compared to the 4,590 units listed in September
2005. “We’re moving towards a balanced market, a balance that
brings greater stability to buyers and sellers throughout the
Greater Vancouver area,” says REBGV president Rick Valouche.
“We’re finally seeing an increase in inventory and that is great
news for buyers in our active market. “We’re still selling far
more properties monthly than we were four or five years ago,”
notes Valouche. “There’s been a shortage of listings for some
time. If listings continue to increase at this pace, we may be
able to start meeting the strong demand for real estate that has
been the driving characteristic of the Greater Vancouver market
for the past five years.”
Download the press release:
CLICK HERE
BC Population Growth
British Columbia and Alberta have led the
way in population growth in Canada according to the government’s
latest census. BC posted a population growth rate (12.3 per
1,000) higher than the national average and reached just over
4,310,500. This was just behind Alberta which increased at the
rate of 29.5 per 1,000 in the year up to July 1, 2006 — the
fastest in the country and almost three times the national
average. BC’s gains, although strong from migration from other
provinces, were notably the result of gains in international
migration, which accounted for 72.1% of total growth. From a
real estate perspective, this continues to be one of the drivers
of a strong market.
For more information on these and other
hot areas, please contact
Kevin on (+1) 604.340.1267
Listings & Sales
SOLD!
12-3437 W 4th, Vancouver $449,900
Sunny top floor park view 2 level townhouse with awesome private
roofdeck. Lovely treed outlook to McBride Park & tennis courts.
Bright SW corner exposure with lots of windows, even the
kitchen! Large living room with oak hardwood floors, woodburning
fireplace and bay window. New stainless appliances. Green thumbs
& BBQ-ers will love the huge 258 sq.ft. roofdeck view from North
Shore mountains to Pt. Grey.
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 further homes in Furry Creek, Lions Bay, the
North Shore and the rest of the Sea-to-Sky corridor 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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