British Columbia is still just Booming (at least in the Boundary area)
Posted May 19, 2007 @ 12:30 am, Viewed by 286 Visitors, Read 288 Times.
Hello fellow bloggers! I have been several weeks since I could make the time to post anything here. The rush has not slowed down for me at all. here in Greenwood.
Inventory is on the rise but sales are still brisk with new buyers entering the market in the form of investors seeking out new territories. 15 years ago a person could not finance a home in Greenwood or Midway without 30-50% down. That has changed big time. Bare land is now selling and new building has started.
The commercial market is beginning to move this year as well. There have been a number of our commercial properties which seem to have been for sale for ever all of a sudden selling for good money.
I went to the AGM for the Kootenay Real Estate Board where we were lucky enough to hear from an economist. The market in Canada in general is slowing down but prices are continuing to climb slowly. BC and Alberta are running ahead of the pack where Canada is concerned with their economies holding much stronger than the rest of the provinces. Real Estate in Canada in general and BC-Alberta in particular is still a safe place to invest .
I hope everyone in Canada has a wonderful Victoria day Long Weekend! And to you Americans out there the same for Memorial Day next weekend!
Have a Great Day!
Don (The Real Estate) Mann
Inventory is on the rise but sales are still brisk with new buyers entering the market in the form of investors seeking out new territories. 15 years ago a person could not finance a home in Greenwood or Midway without 30-50% down. That has changed big time. Bare land is now selling and new building has started.
The commercial market is beginning to move this year as well. There have been a number of our commercial properties which seem to have been for sale for ever all of a sudden selling for good money.
I went to the AGM for the Kootenay Real Estate Board where we were lucky enough to hear from an economist. The market in Canada in general is slowing down but prices are continuing to climb slowly. BC and Alberta are running ahead of the pack where Canada is concerned with their economies holding much stronger than the rest of the provinces. Real Estate in Canada in general and BC-Alberta in particular is still a safe place to invest .
I hope everyone in Canada has a wonderful Victoria day Long Weekend! And to you Americans out there the same for Memorial Day next weekend!
Have a Great Day!
Don (The Real Estate) Mann
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I am a realtor with Coldwell Banker Border Country Realty of Grand Forks, BC. I work in the Greenwood office but my service area encompasses the area from Christina Lake to Beaverdell. Read More
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