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Blog by Patricia Houlihan - Personal Real Estate Corporation

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Waterfront sales-cooling like all the others?

Well this should be a great time for waterfront; however if you look around, you will see that the sales of waterfront are just as slow as anything else.  I recently purchased a new waterfront home and I can tell you that I definitely should have waited as there have been some decent buys in waterfront out there lately.  Today an article in the Globe's Report on Business reviews recent real estate stats and points out that the Vancouver area has had the worst decrease in sales volumes of anywhere in the country....it also notes that this is the first time since 1999 that prices have been dropping in the Canadian real estate market.  If you would like to see all of the details, go to: http://www.reportonbusiness.com/servlet/story/RTGAM.20080715.whousing0715/BNStory/Business/home