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Want a home in Vancouver? Be prepared to spend two-thirds of a million dollars

Posted by Arshad Rashed on Monday, July 26th, 2010 at 11:45am.

There is a strong tie-in between consumer confidence and the housing market. Homeowners derive a large measure of their sense of financial worth from the value of the property they live in. From this standpoint, Canadians have a huge advantage over our American cousins at this stage of the economic recovery. Due to the sub-prime mortgage collapse and a tidal wave of foreclosures that extended into the prime category as well, U.S. home prices plummeted from early 2006 into 2009. Nationally, the decline was 33% according to S&P/Case-Shiller 

We specialize in Kincora Real Estate. If you have any questions about the Kincora real estate market, or Calgary Real Estate market, Kincora homes for sale, or would like a free market evaluation of your home. Call the Jeff Campbell Team now 403-816-4449 or visit www.KincoraRealty.com your Kincora Real Estate experts!

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