By Ozzie Jurock
This summary takes residential sales and Single Family Detached prices and compares the first 6 months of 2000 to the first 6 months of 1999.
2000 1999 % Vancouver Sales 10,979 11,850 -07% Prices 380,466 358,694 +08% Fraser Valley Sales 5,279 6,214 -15% Prices 253,400 248,000 +2% Victoria Sales 2,677 2,810 -4% Prices 252,900 244,000 +4% Okanagan(May) Sales 1,800 1,767 +1% Prices 159,500 158,300 +1% Edmonton Sales 7,540 7,170 +5% Prices 139,400 134,400 +3% Toronto Sales 31,200 31,800 0% Prices 247,900 229,800 +8%The market in Toronto, Calgary, Edmonton and Okanagan is up/even in the number of unit sales over 1999. However sales volumes are down sharply throughout BC.
Prices however are up across the board in ALL Canadian markets. This supports our argument that sellers don't "have to" sell and are less likely to "give away" their property. It also is clear that inflation IS back!
Still there are excellent deals still out there:
From Jurock's Facts by Fax this week:
Vancouver: 2 bedroom, 2 baths condo, Helmcken Street, foreclosure. Likely price: $150's?
Coquitlam: 1 bedroom, near City Hall, foreclosure. Likely price: $90's
Tumbler Ridge Peace River area: Condos, Houses from: $26,900; see: www.selectpropertygroup.com.
3-bedroom house, double garage, 10,000 down, assume first. Price: $130,000
1 bedroom condo, 7,000 down assume first Price: $85,000
Both the above units can also be leased with option to buy
You can see over 4,000 properties for sale and over 700 resource and real estate tips at www.jurock.com
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