There are many reasons to buy or sell a condominium in the present housing market. East Vancouver is a perfect example of a community which has seen a truly amazing increase within this sector during the past few years. According to a Huffington Post article, February 2016 experienced a record-breaking $7.5 billion dollars in sales. Not only does this illustrate the fact that the demand for this market is growing, but it also emphasises the desire of families and individuals to own such lucrative properties.
A Welcome Opportunity
In January, the average price of a detached home increased by no less than 40 per cent when compared to the same figures from the previous year. This increase in prices affects not just detached home sales but condominium sales as well, with demand for the latter showing an increase. There are several factors behind this trend. Employment opportunities are seen to be quite attractive throughout the East Vancouver region.