Vanouver market continues to drive B.C. home prices up – Dominion Lending Centres Clearlease
CALGARY, ALBERTA (April 18, 2011) Clearlease.com Reports The average residential sale price in B.C. reached a record $588,000 in February, up 18 per cent from a year earlier, according to the British Columbia Real Estate Association (BCREA).
Much of that gain relates to Vancouver, the province’s largest market, which has seen continued buying activity in some of its pricier neighbourhoods. Year-over-year average prices in Vancouver rose 19 per cent to reach $791,604, while the benchmark price rose four per cent. Overall sales in February totalled 3,140, up 25 per cent from a year earlier. Prices were also up five per cent from January.
“The surge in consumer demand in Metro Vancouver continues to propel the provincial statistics higher,” said Cameron Muir, BCREA’s chief economist. “Elevated sales activity in Vancouver’s pricier communities has pushed average home prices higher than market conditions would suggest.”
One of the key reasons has been net migration, which added more than 50,000 people to the province, mostly from international destinations. Muir said most of those international buyers, however, focus primarily on Vancouver. Other regions in the province tend to primarily get interprovincial buyers.
Muir said regions, such as the Okanagan and Kootenay areas, remain in buyer’s market territory. BCREA stats show February sales in Kootenay were down 31 per cent year-over-year to 116, and the average price was down 11.8 per cent year-over-year to reach $232,327. A similar picture could be found in the South Okanagan, where sales were down 15.2 per cent to 89, and prices were down 9.4 per cent to reach an average of $283,122.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
VANCOUVER, BC (April 18, 2011) Clearlease.com Reports The average residential sale price in B.C. reached a record $588,000 in February, up 18 per cent from a year earlier, according to the British Columbia Real Estate Association (BCREA).
Much of that gain relates to Vancouver, the province’s largest market, which has seen continued buying activity in some of its pricier neighbourhoods. Year-over-year average prices in Vancouver rose 19 per cent to reach $791,604, while the benchmark price rose four per cent. Overall sales in February totaled 3,140, up 25 per cent from a year earlier. Prices were also up five per cent from January.
“The surge in consumer demand in Metro Vancouver continues to propel the provincial statistics higher,” said Cameron Muir, BCREA’s chief economist. “Elevated sales activity in Vancouver’s pricier communities has pushed average home prices higher than market conditions would suggest.”
One of the key reasons has been net migration, which added more than 50,000 people to the province, mostly from international destinations. Muir said most of those international buyers, however, focus primarily on Vancouver. Other regions in the province tend to primarily get inter-provincial buyers.
Muir said regions, such as the Okanagan and Kootenay areas, remain in buyer’s market territory. BCREA stats show February sales in Kootenay were down 31 per cent year-over-year to 116, and the average price was down 11.8 per cent year-over-year to reach $232,327. A similar picture could be found in the South Okanagan, where sales were down 15.2 per cent to 89, and prices were down 9.4 per cent to reach an average of $283,122.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Vanouver market continues to drive B.C. home prices up – Dominion Lending Centres Clearlease
CALGARY, ALBERTA (April 18, 2011) Clearlease.com Reports The average residential sale price in B.C. reached a record $588,000 in February, up 18 per cent from a year earlier, according to the British Columbia Real Estate Association (BCREA).
Much of that gain relates to Vancouver, the province’s largest market, which has seen continued buying activity in some of its pricier neighbourhoods. Year-over-year average prices in Vancouver rose 19 per cent to reach $791,604, while the benchmark price rose four per cent. Overall sales in February totalled 3,140, up 25 per cent from a year earlier. Prices were also up five per cent from January.
“The surge in consumer demand in Metro Vancouver continues to propel the provincial statistics higher,” said Cameron Muir, BCREA’s chief economist. “Elevated sales activity in Vancouver’s pricier communities has pushed average home prices higher than market conditions would suggest.”
One of the key reasons has been net migration, which added more than 50,000 people to the province, mostly from international destinations. Muir said most of those international buyers, however, focus primarily on Vancouver. Other regions in the province tend to primarily get interprovincial buyers.
Muir said regions, such as the Okanagan and Kootenay areas, remain in buyer’s market territory. BCREA stats show February sales in Kootenay were down 31 per cent year-over-year to 116, and the average price was down 11.8 per cent year-over-year to reach $232,327. A similar picture could be found in the South Okanagan, where sales were down 15.2 per cent to 89, and prices were down 9.4 per cent to reach an average of $283,122.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###