East Vancouver Housing Sales Rise over Last Week!

East Vancouver
Average Price/Unit               Year to Date             Last Year              Increase
Detached House                  $787,359                 $721,921              +9%
Attached House                   $602,122                 $527,838              +14%
Apartments                         $307,878                 $347,711              +6%

Note: Shorter amortization periods and higher down payments will soon be in affect. Shortening the amortization from 35 to 30 yrs will reduce the amount purchasers qualify for. Mount Pleasant tends to attract first time home buyers and this regulation may affect real estate in this area. It may be a good time to sell or buy your first home before these regulations take place on March 18, 2011.