The decision to buy a house is a little like the decision to have a baby -- there's no such thing as the perfect time. But it helps to make an informed decision, to weigh need against desire and facts against speculation.
So, if you're considering buying Vancouver real estate in 2013, here are 6 things to think about:
- 1. Home Sale Prices
Home prices in the Vancouver area declined 2.3 percent over the course of the past year, according to the MSL Home Price Index, as reported by the Real Estate Board of Greater Vancouver (REBGV). The average price of a home in Greater Vancouver was $590,800 in December. This is a decline of 5.8 percent from the peak reached in May when the average selling price was $625,100.
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