- Joined
- Mar 24, 2009
- Messages
- 16,743
Mike Stewart has never been busier. After a brutally slow winter, the real estate agent has signed a string of deals and in May had his best-ever month, notching 10 sales in downtown Vancouver, adding another seven in June.
The renewal of good fortunes for Mr. Stewart is seen across Canada and is the best signal yet that the country`s real estate market is well on its way to recovery.
Amid the month-to-month torrent of real estate statistics, economists pegged particular significance on new numbers because they reveal widespread strength at strong prices and showed mounting momentum over a three-month span, carried by what had been the weakest region – the West.
It`s a radically stark contrast with the United States, where prices – after three long years – are still falling, down a third from their bubble peak.
In Canada, buyers are back, sales are surging, and prices are edging up.
"People thought the world was coming to an end," said Mr. Stewart, a top-selling agent at his Century 21 office near False Creek in downtown Vancouver. "Now, the fiscal stimulus and ultralow interest rates have supercharged real estate."
Read the full article here.
The renewal of good fortunes for Mr. Stewart is seen across Canada and is the best signal yet that the country`s real estate market is well on its way to recovery.
Amid the month-to-month torrent of real estate statistics, economists pegged particular significance on new numbers because they reveal widespread strength at strong prices and showed mounting momentum over a three-month span, carried by what had been the weakest region – the West.
It`s a radically stark contrast with the United States, where prices – after three long years – are still falling, down a third from their bubble peak.
In Canada, buyers are back, sales are surging, and prices are edging up.
"People thought the world was coming to an end," said Mr. Stewart, a top-selling agent at his Century 21 office near False Creek in downtown Vancouver. "Now, the fiscal stimulus and ultralow interest rates have supercharged real estate."
Read the full article here.