= dcminversion The rise of British Columbia real estate values will be less than meteoric in 2007 as declining sales and rising inventories slow markets down, a major national real estate firm predicts.Demand, however, will still be strong enough to push detached-house-prices up eight per cent in Greater Vancouver to an average of $543,240, nine per cent in Kelowna to an average of $460,965 and five per cent in Victoria to an average of $440,000. Re/Max reports in its 2007 market outlook.Re/Max's expectations have B.C. outperforming the national average, which calls for price increases of five per cent to an average of $290,000.Source: Vancouver Sun 2006">

You must have Adobe Flash installed

Blog by Steve Burk

<< back to article list

RE/MAX Predicts Slowing Real Estate Prices

  
The rise of British Columbia real estate values will be less than meteoric in 2007 as declining sales and rising inventories slow markets down, a major national real estate firm predicts.

Demand, however, will still be strong enough to push detached-house-prices up eight per cent in Greater Vancouver to an average of $543,240, nine per cent in Kelowna to an average of $460,965 and five per cent in Victoria to an average of $440,000. Re/Max reports in its 2007 market outlook.

Re/Max's expectations have B.C. outperforming the national average, which calls for price increases of five per cent to an average of $290,000.
Source: Vancouver Sun 2006

This entry was posted on October 26th, 2006 | Posted in General

Privacy Policy Sitemap Real Estate websites for Agents