A recent report from the Canadian Real Estate Association said that BC has the fastest growing home prices in Canada.
Real estate prices are rising fastest in Fraser Valley, Vancouver Island, and Victoria. Fraser Valley’s 13.83% increase to $831,300 makes it the fastest growing prices in the country,” the report said. ”
In fact, when compared with other regions in BC, Vancouver landed in fifth place when it comes to increasing home prices.
In fact, it was the Fraser Valley region that topped the list with a 13.83% increase to an average home price of $831,000.
Over on Vancouver Island, Victoria saw its benchmark home price rise to $672,800 – an increase of 8.24% over the same time last year.
In light of these latest numbers, a recent poll found that the majority of Metro Vancouverites said they want to see prices in the region fall, however, residents are divided over how much of a price decrease they want to see.
One-in-four (26%) say prices should fall by 10%, while 36% would like to see a decline of closer to 30%.
The majority of residents surveyed (83%) say the region as a whole has been “damaged” by high real estate prices.
Here in Prince George, home prices are also going up, I can help you get top dollar for your home. It is a seller’s market here in Prince George and you need a competent realtor to get you top dollar for your home. denisedykes@royallepage.ca
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