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Vancouver’s stable economy and growing population has put it on top of the list of places in the country in which to invest in real estate. There are different localities in Vancouver which seem to be choice spots for investors, due to different contributing factors. Vancouver, just like most other places, has seen a surge in prices as well as the sales volume in the year 2009. This causes many buyers to wonder whether this trend will continue through the year 2010 as well. This article addresses the prevailing trends in Vancouver real estate as well as the predicted trend for the whole of 2010.

In the year 2009, the average price per square foot of real estate in Vancouver was $165, and this was a 10.7% increased over 2008. The average home sales price increased by 0.6% in 2009, while the actual number of home sales reduced by a whopping 96.5%. With regard to the homes on sale, Vancouver real estate noted a decrease of 5.3% on the listing price for these in 2010, compared to 2009.

The trends vary from year to year. As there are many factors that contribute to price changes as well as sales volumes, it is not an easy task to predict what this year will bring. However, there are seven factors that affect these trends, and these can be analyzed to predict what the year 2010 holds for Vancouver’s housing market. These factors are listed below:

- Consumer confidence and emotions.

- Vancouver population growth and projections.

- Supply and demand in 2010 Vancouver resale market.

- Vancouver economic fundamentals in 2010 and beyond.

- Supply and demand in 2010 Vancouver presales.

- Mortgage rates.

- BC Harmonized Sales Tax.

With reference to the above factors, to put the predicted trends for housing in Vancouver in a nutshell, the forecast for 2010 seems bright. Interest rates seem to be on the decline and therefore the property prices are predicted to go up. Presale home prices are expected to stabilize and even go down since there is a HST of 12% added to the purchase price. This is expected to make reselling of real estate more attractive. It is expected that the housing inventory in Vancouver will remain steady since there will be many projects that will start up, but will take at least a year or so to be completed. While the prices are likely to increase initially, they will stabilize through the latter half of 2010. However, there is a lot of pent up demand for resale of homes. Therefore, the prices of these are expected to continue to be on an upward trend throughout the year and the interest rates are expected to go up.

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Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…

New Vancouver Condos for Sale & Presale Lower Mainland Real Estate …

Affordable Brentwood Burnaby Condos for Sale at the BOSA Affinity Condominium Tower Residences – Cristina Oberti Interior Design, Townhouses, Penthouse Suites in 29 Story High-Rise with 157 New Burnaby Homes …

3789 MAXWELL ST, Victoria VE, Vancouver, V5N3Y6 – Real Estate …

Commercial Drive | Real Estate Listings | House for Sale | 3789 MAXWELL ST, Victoria VE, Vancouver, V5N3Y6 – $589000 – Commercial Drive Real Estate. … Stylish 3 bedroom, 2.5 bathroom home beautifully located within minutes of Trout Lake and 'The Drive'. Nearly new and under warranty, this delightful half duplex is part of a 6 unit boutique development boasting luxurious interiors with open plan, gourmet kitchen, granite, stainless steel, lovely laminate, high end window …

Homes for Sale in Wishart North, Victoria, British Columbia $499900

2313.00 sq. ft. Homes for sale in Wishart North Victoria, British Columbia. For sale at $499900.0000 CAD. 592 Langholme, Wishart North.

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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The current real estate market has been hard on me homeowners in the Portland Oregon and Vancouver Washington area. It has not been out of the norm for your typical person who owns a home to have lost 30 to 40% in their home equity.

As as unfortunate as that is now is the time to buy a home in the area. Real estate is going for pennies on the dollar relative to what it was going for her two years ago. Many homes that were once out of the price range of your average individual now are affordable.

For instance in many parts of Vancouver Washington your typical three bedroom two bath home would cost more than $300,000. This would’ve been in an average neighborhood. Now, in 2010, you can buy a pretty nice home for $250,000. There is just so much more value for your money versus what you could get several years ago.

Let’s backup a moment as a felony to disclose something. Credit is a lot harder to get than it was two years ago. Easy credit was the main factor that fueled the local home buying craze as soon as that well dried up so did massive home sales. Although there are a lot of buying opportunities in the Vancouver Washington area you have to be able to get the credit to buy these properties. Reviewer person who has excellent credit you should have no problems. If you are person with average to good credit you may have to put more money down. This is where having money in the bank can really help a person have a step up. Even before you talk to her real estate agent you should see what type of loan you would qualify for based on your credit history and income level.

Economic and real estate busts are nothing. They have happened many times and believe me, if history tells us anything, they will happen again. You would think as humans we would understand and be prepared for the cycles but as it turns out we never are. What the smart people do is take advantage of the cycles and when the market is down they buy and when it eventually goes back up they sell. If the market is going well, and you are buying, you will probably lose.

Vancouver Washington is Portland’s biggest suburb. Though the local economy is not the best it’s ever been make no mistake that it is still viable and there’s plenty of people who want to live here. That is not going to change anytime soon. The real estate market has corrected itself and as much as it hurts it was do. Those who have foresight will reap the rewards later.

It would be a good idea to start researching houses for sale Vancouver WA to start getting an idea about the various prices in different parts of the city. Vancouver, WA has over 140,000 people and a quarter of a million in its metropolitan area.

This is not the first time at all that homes for sale Vancouver WA has gone down the tubes. This has happened several times and the people who are able to take advantage buy at times like this.

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