Buying Real Estate In Vancouver

 

There are a lot of negative messages out there with regard to Vancouver’s real estate market, but there are some positives as well.  One of those is that for people that are looking to upgrade, now is a good time to do that.  Let’s say that awhile back your current home was worth $1,000,000. and the one you were looking to purchase was $1,500,000.  That’s a difference of $500,000.  Now let’s say for the sake of argument that the market has gone down by 10%.  Your home is now worth less but so is the one you are wanting to purchase.  Yours sells for $900,000. and you buy the other one for $1,350,000.  You have now paid $50,000. less for the difference than you would have when the market was up.

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