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John Coulthard
Macdonald Realty Westmar
#203 - 5188 Westminster Hwy, Richmond, BC
P: 604-209-8424
F: 604-279-1887
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Tuesday, January 5, 2010 -

"Happy New Year" to all!

As we are in the early stages of 2010, the Real Estate Market - which usually takes a few weeks to get going in January - remains very active in Richmond! Right now, prices for Single Detached Houses have never been higher!  And Townhouses and Apartments are pretty well at their peak as well.  All this activiity and escalating values can be attributed to Super Low Mortgage Rates and Demand from Overseas Buyers.

How long this market will last is anyone's guess, as I personally was surprised by what happened last year when all the predictions for local Real Estate in 2009 had been quite dire.

And it will also be interesting to see what happens with the market when the Olympics are on.  Will it slow right down (like it did during Expo '86) or will it continue right along.

I will keep you posted on this Blog site.
posted in General at Tue, 05 Jan 2010 11:18:56 -0800



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