Present Scenario of Real Estate of Vancouver

The city of Vancouver has been much recognized in the whole world for its real estate business. But we are even fully aware from the fact that growth of the real estate in Vancouver fully depends upon the mortgage rates. If the mortgage rates have fallen down then it would be much happening that the real estate rates will also get decreased. If we give a short look at the past then in the year of 1990, Vancouver faced the downfall in the real estate just for their low mortgage rates and now in the present era, the same conditions have been witnessed in this city. Due to the sudden low rates of Mortgage, the real estate investors are even selling the houses at the cost of $10,000, $20,000 and sometimes $200,000. Although the downfall monster is still getting ready to attack at the real estate but it is not much powerful as compare to the one in 1990.

On the other side, the real estate condo category has faced such huge success and victorious height during this one year that there area has lots of chances for facing the bright future ahead. Normally, condos are just for all such people who are not in the position of purchasing the house. And when the mortgage rates gets low it seems like the prices of condo has become similar to match stick. Therefore most of the people take advantage of this factor and purchase grate number of condos.In addition, the real estate of Vancouver has been planning to get underway with the establishment of Olympic Villages. This village has been lending the debt of $700,000 on the shoulders of the taxpayers. Most of the time Olympics are held in Vancouver for the time scale of 2 weeks. During these two weeks many people get settled in Vancouver as tourists. For all such people, Olympics Village has been set up that will be filled with 110 mixed form of houses that will even be comprised with the accessibility of shopping centers, parks and other enhanced services.

However, still the real estate of Vancouver has to get underway with huge sum of challenges and plans that will certainly give bright and successful future stand to the real estate business. Although the future can even be possible if the real estate sectors should also gave their first preference to the requirements and wants of the customers. Through this factor it might get possible that they will get more successes in the market world of real estate. If the rates are kept as reasonable and affordable for the customers then it would be possible that the great number of patrons will get attracted. So, at the end of the discussion, we can say that all such people who think that the real estate of Vancouver is all over they are certainly wrong. This sector is still facing huge success and many opportunities are still on their way!