After a downturn over the past year, Vancouver real estate sales are again on the uptick–making now an ideal time to cash out and invest in a smaller B.C. community. The values of residential properties in most smaller B.C. communities continue to slowly grow: the province-wide average was a 7.45% increase in home values last year, with many small communities enjoying double-digit growth. In October 2019, Vancouver sales increased 45 per cent year over year, and home values did not decline for the first time in more than a year–significant signs that the Vancouver market is alive and well.
Building value: Metro Vancouver home sales increased 22.5% between September and October 2019 (from 2,233 to 2,858).