Real Estate is still a great investment
How would you like to own an investment that increased in value more than five times over the past twenty-five years? That's what would have happened if you had bought a home in Greater Vancouver in 1975. The average sales price of $57,763 is now worth an estimated $330,000.
As any Realtor can tell you, population growth has driven price increases in the Vancouver area. And while Vancouver's real estate boom has slowed since 1994, population growth and changing demographics will continue to drive price increases in the next quarter century.The numbers point to promising prospects. British Columbia will