Vancouver Real Estate News
Vancouver Real Estate prices up by 6%, Richmond up by 30%
Property values have increased in B.C. during the last year says the aurthority for assessing home prices in the Province, BC Assessment.
Vancouver Real Estate prices have increased by six percent over 2011. There are winners and losers in this scenario though.
In Whistler and Pemberton 19,000 property owners are facing decreases in property values by as much as 15 percent. Some houses in Creekside have gone down by as much as $90,000 on an average of $919,000.
Winners include Vancouver West Side which have seen prices go up from 10 to 25 percent. In Richmond property prices have changed from plus five to plus 30 percent.
Biggest winners and losers
These lists show the percentage change in value of residential properties over the past year (between July 2010 and July 2011, according to B.C. Assessment.
- Biggest winners in Metro Vancouver.
1 - Richmond - 16.5%
2 - Vancouver - 16.4%
3 - West Vancouver - 15.9%
4 - Burnaby - 12.2%
5 - Surrey - 7.9%
For more information on this Vancouver Real Estate News update please contact Vancouver Realtor ® Russell Sharp on 604 437 4277.
