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Vancouver East Side real estate market in 2012

May 20, 2012

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 4:00 pm
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The year of 2012 has seen the rise of home buyers in the east side of Vancouver. Many home buyers are looking for affordable homes that are currently only found in the East Side. However, the market is slowing down as of recent and prices have softened a little.

 

Many buyers have moved from buying houses in the west side because of the high cost. The dreams of home purchasers however have not been shattered altogether because they will get their starter homes easily in Vancouver east.

However it is advisable that home owners get a consultation with realtors so that they get advised on the best locations to buy their houses in Vancouver East as not all of the areas are the same.

 

This is because the cost of these houses also depends on the neighborhoods. Some neighborhoods have their houses more expensive. It has been stated that the market has been flooded in the real estate industry of Vancouver East Side. However, we still believe it remains balanced. The demand for homes has been fulfilled by the great availability of houses for single families. These homes include duplexes, townhouses and condos.

 

In the streets of Vancouver, there are advertisements of many home sellers who are trying to attract buyers. Buyers must ensure to select carefully as we are now in a Buyer’s market and they carry much of the advantage.

 

Most families would like to live in a neighborhood that offers friendly environment and facilities that will enable them relax. For instance, parks are good for picnics and quality family time. The sports fields are also important for the entertainment and body fitness. So do chose an area where there are many parks and facilities nearby.

 

Vancouver East Side real estate market may continue to heat up in 2012, but all stas in the market currently point to a Buyer’s market and prices to be declining. Either way, choose a good professional and ensure that you do your own research!

Cheers!
Richard.

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