BC Living
How to Support BC Wineries Now
Embark on Culinary Adventures: 5 Must-Try Solo Dining Experiences Around BC
You Gotta Try this in April 2024
4 Tips on Balancing a Nutritious Diet with a Side of Indulgence
Choosing Connection: A BC Family Day Pledge to Prioritize Presence Over Plans
Embracing Plant-Based Living this Veganuary and Beyond
Inviting the Steller’s Jay to Your Garden
6 Budget-friendly Holiday Decor Pieces
Dream Home: $8 Million for a Modern Surprise
Travel Light, Travel Right: Minimalist Packing Tips for Solo Explorers
A Solo Traveller’s Guide to Cozy Accommodations
Local Getaway: Relax at a Hidden Cabin along Jordan River
Films and TV Series that Inspire Solo Travel
B.C. Adventures: Our picks for April
Cooking Classes
8 Gadgets and Gear for Your Solo Adventures
A Solo Traveller’s Guide to Souvenir Hunting in BC
Sḵwálwen Botanicals – Changing the Face of Skincare
When it comes to Vancouver, it's always the right time to sell
In Vancouver, it’s almost always a good time to sell
We paid $525,000 for a brand-new condo two years ago in Vancouver’s Kitsilano. It’s a one-bedroom plus tiny den, 650 square feet with a 500-square-foot deck. It’s gorgeous but just too small for the two of us. Is now the time to sell, and make some money on our investment? – G.D., Vancouver
There really isn’t a bad time to sell. Most of Canada is experiencing solid growth, and Vancouver is one market that is definitely at the top of the price range. I believe the prices will stabilize this year and create a very balanced market. As far as seasonal selling, our spring market starts in January and continues until late June.
Spring is the most aggressive market, yet the competition is fierce. You can either sell in a slower season (fall) with fewer buyers looking yet less competition, or sell in a fast season (spring) with more buyers looking but more competition. It really doesn’t matter when you sell, as the economy will allow you to sell at top dollar in 2012.
Over the next five years, Canada’s market will continue to grow at a very stable pace. But I believe Vancouver is one market that will have a small decrease in activity and price, as foreign investors moderate their purchases because of global economic issues.
— Paul Rushforth , resident real estate expert and co-host of All for Nothing?
Got a question? Write to: Ask the Expert, TVW, 4180 Lougheed Hwy, 4th Floor, Burnaby, BC V5C 6A7. Or email tvw@canadawide.com
Originally published in TVW. For daily updates, subscribe to the free TVW e-newsletter, or purchase a subscription to the weekly magazine.