Daily Market Update

by REP06 Jan 2015
Private equity firm numbers at all time high 
The private equity real estate industry continued to grow in 2014, hitting an all-time high. “2014 has seen a notable rise in the amount of assets managed by the private real estate industry,” says Andrew Moylan, Preqin’s head of real assets products. “The return of previously tied-up capital to investors may prove positive for private real estate fundraising in future months, as investors look to re-invest the capital in new real estate funds.” Read the full story here. 

Vancouver home price skyrocket in Dec 2014
The benchmark price for a detached Greater Vancouver home hit $1 million in December 2014, attesting to the area's seemingly ever-rising real estate market. 
The price for detached properties was $1,002,200 last month – an increase of 8.1 per cent from one year ago, according to a Monday news release from the Real Estate Board of Greater Vancouver (REBGV). Detached property sales also rose 9.3 per cent from December 2013. Read the full story here. 

Calgary on record pace
The resale housing market outside the city of Calgary was booming in 2014 with record MLS sales and average prices across the board.
According to the Calgary Real Estate Board, new peaks of activity and prices were set in the following areas: country residential (acreages), towns surrounding the city, Airdrie, Chestermere, Cochrane and Okotoks. Read the full story here. 


  • by Sandy Clark 1/6/2015 10:28:16 AM

    With the ever increasing cost of owning a home in Vancouver, it is worth buyers travelling across the straight to the harbourfront city of Nanaimo 20 minutes by seaplane or 90 minutes by ferry, where you can purchase a very nice newer condo or townhome for around $225,000, or a single family home starting at $330,000 with executive homes in the $400,00 to $700,000 range. The cost of a walk-on foot passenger ferry is approximately $15.00 one way and the commuting time provides the opportunity to enjoy breakfast, exercise, review emails, prepare reports or work on projects.

    Waterfront townhomes or executive ocean view single family homes start from approximately $500,000 and up. Nanaimo has a lovely seawall, multiple marinas, yacht club, fresh air, unlimited recreation, boating, fishing, golfing and direct flights to Vancouver and Alberta daily. Snow skiers and boarders can travel one hour up island to Mt.Washington with similar conditions to Whistler.

    The downtown core and Brechin area are enjoying great economic development,, discussions with the Hilton for a new luxury waterfront hotel, a float home village with commercial/residential residences and the Vancouver Island University is becoming well recognised for it's high level of education and international student programs.

    Here you can enjoy an exceptional lifestyle and affordable home ownership. To learn more about Nanaimo, contact Sandy Clark at 460 Realty Group on 250-668-9878 or go to www.sandyclarkrealestate.com.

  • by Valarie Green 1/6/2015 10:34:41 AM

    The Sunshine Coast also has great prices and is only a 40 minute ferry ride from Vancouver and a 15 minute float plane ride to either Vancouver harbor or airport. www.valariegreen.com

  • by rocket 1/6/2015 1:50:06 PM

    your all fools. Rent for 1600.00 in a million dollar neighbourhood and buy revenue property in other lower cost places to pay for your rent and have a couple of extra thousand more left over. Home ownership in Vancouver is a scam.
    Nanaimo come on. Maybe buy revenue in Nanaimo but travel back and forth.

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