Royal LePage has released a report that forecasts condos values to have a robust future.
Yes, even Vancouver condo values, which have stagnated for years!
Status perceptions, too, have done a 180, according to Chris Simmons, owner/broker, Royal LePage Westside, City Centre and Sunshine Coast. In 1974, buyers kept condo purchases down to a disdainful two to three per cent of the housing market. Today, the idea of houses barely flickers on buyers’ radar. Instead they’re thinking about whether to buy a condo in a bustling or quiet location.
Simmons just placed a professional couple in a $750,000, 1,140-square-foot, two-bedroom-and-den condo near the Olympic Village, “with nice views and well located.”
Hopefully the proud new owners are in a building with heat!
We’re still waiting for the report on the future value of cars from the automobile dealers association, but early rumours have us excited!
Read the full press release news story in the Vancouver Sun.