Contact Kim Cheng

Contact Kim Cheng
Cell: 604-880-8971
Office: 604-437-1123 
Oakwyn Realty Downtown
400-1286 Homer St,
Vancouver, BC V6B 2Y5

Market News

Vancouver Real Estate Market Update - Mar 2017

How flexible is your investment plan?  In the days leading up to the federal budget there was speculation that the capital gains exemption would be reduced.  While there were no changes in this budget, could the speculation be telegraphing a change in the future?  Have you considered how your investment strategy would be affected by a tax change?  Don’t forget to consult your tax and investment professionals to find out how much risk a change represents to you. 

 

Meanwhile, the condo market continues to be extremely hot in the lower priced two bedroom and one bedroom units, partially due to the low amounts of inventory.  Starter home prices are also starting to increase after a period of slow activity and low inventory. 

 

The March numbers were:

 

 

 

2 Bedroom

1 Bedroom

 

#Active

/sq.ft.

#Sold

/sq.ft.

#Active

/sq.ft.

#Sold

/sq.ft.

Woodwards

3

$1,356

2

$967

6

$977

1

$950

Downtown

295

$1,299

91

$1,073

268

$1,031

107

$979

Coal Harbour

45

$1,755

7

$1,480

17

$1,260

7

$1,170

 

 

I would be happy to discuss your long and short term real estate strategies with you.  Call or email me today!

 

 

Regards,

 

Kim

 

 

E&OE

 

 

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