Our summer market has been very busy with the month of July being the busiest on record for the Real Estate Board of Greater vancouver and the stats for August are not out yet but I think they will be similar. Interest rates are low with variable rates available as low as 2.55% and fixed 5 year rates just over 4%. Lack of product to sell is putting pressure on prices resulting in a minimum of choice under $400,000 for a single family home in the Maple Ridge and Pitt Meadows areas. We are anticipating a busy fall market as soon as the long weekend is over and kids are back to school.
Comments and questions are appreciated - Don
