Market Update – June 2016

Home/Real Estate Market/Market Update – June 2016

Metro Vancouver Real Estate market remains very active due to high demand. The sales in May were the highest sales total on record for May and were 35.3% above 10-year sales average.

High demand is partly due to BC economic and job growth that is one of the highest in the country.  BC employed 78,000 additional workers in first 4 months of 2016, an increase of 3.5% over last year.

Within Metro Vancouver, detached Coquitlam homes have seen the highest increase in their benchmark price over the past year—at 40.6%, after Burnaby East and Tsawwassen.

In Coquitlam, detached Burke Mountain homes have had the 2nd highest price growth in the past year—at 44.4%, out of Coquitlam’s 23 neighborhood.

You can view the home Sales Price comparison between detached homes in REBGV, Coquitlam, and Burke Mountain below.

Contact us today to secure your new home on Burke Mountain.

Coquitlam Burke Mountain House Prices - Graph
By | 2017-05-31T18:28:51+00:00 June 13th, 2016|Real Estate Market|0 Comments

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