Paul Eviston

MARKET UPDATE: March market extremely active Greater Vancouver sales in March continued the upward climb started in February 2005. There were 3,938 sales in March, up 28.3% compared to the 3,068 sales in February. This is the second highest sales volume in March in 11 years. (March 2004 was highest with 4,371 sales.) A number of factors continue to drive the market: low interest rates, on going net interprovincial immigration and increasing confidence in the economy and in real estate, whether as a home or as an investment. The March benchmark price of a detached home in Greater Vancouver was $503,141 up 7.7% from one year ago, the benchmark townhome price

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