Victoria, Vancouver and Kelowna all made the top 25 of the least affordable housing markets in the world, according to the fourth annual Demographia International Housing Affordability Survey.
The survey compiled by consultant Wendell Cox, a senior fellow at the Frontier Centre for Public Policy, and Hugh Pavletich, a property investment manager in New Zealand, rates cities using a measurement tool called a median multiple.
Arizona offers great value and lifestyle. "People who invest now in prime Arizona real estate have little downside risk and a lot of upside," says Jim Pielemeier, an Arizona real estate investor, broker, developer and
property manager (in both commercial and residential) with 30 plus years of experience.
"Sophisticated investors know the importance of timing and avoid guessing the top or bottom of a market," Pielemeier says.
Doher said the past three years have been good for his business.
"And I don't see why 2008 will be any different," he said. "I'm not looking back - I'm looking forward with great optimism."
Kovacs said Chatham-Kent isn't affected by the huge swings in market prices that often occur in major centres such as Toronto, Montreal, Calgary and Vancouver.
While Vancouver's downtown real estate market may be immune from global economic forces, it has a market depth, especially for luxury real estate, probably deeper than most other B.C. markets.
Perhaps the Okanagan is also a market unto itself, somewhat immune from outside economic forces. Albertan oil money has had a huge impact on fuelling demand for properties in Kelowna, Penticton and Osoyoos.
VANCOUVER - Northern B.C. real estate sales last year fell 5.9 per cent below the record set in 2006 but the total value of all sales still hit a record $1.2 billion, the B.C. Northern Real Estate Board reported Friday.
The board said 6,639 Multiple Listing Service sales occurred last year, down from 7,055 in 2006 but still higher than the previous record of 6,344 sales in 2005.
The total value of 2007 sales was 13.6-per-cent higher than 2006 and 47-per-cent higher than 2005
VANCOUVER - Real estate sales rose in communities across the Lower Mainland in November, with Metro Vancouver approaching a level not seen since 2005.
The Real Estate Board of Greater Vancouver, which covers Metro Vancouver, and the Sea-to-Sky region, saw 2,883 Multiple-Listing-Service-registered sales, a 22-per-cent increase from November, 2006, and just slightly below 200.
VANCOUVER -- University of British Columbia theatre-design professor Robert Gardiner is tired of seeing his students leave Vancouver for more lucrative and dynamic pastures such as Toronto and Los Angeles, tired of seeing local theatre companies struggle for rehearsal and production space, and anxious to see Vancouver get on the world theatre map. And so, he has a plan.
Enjoy our high standard of living, unparalleled healthcare, safe streets, great beaches, world-class ski resorts, magnificent mountains, wonderful weather, and friendly people.
With the Winter Olympics coming in 2010 and with changing demographics, it's about to get even more popular. The population of metropolitan Vancouver will grow by more than 42% to 3.4 million people during the next 25 years.
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