Vancouver Stays No. 1

Vancouver remains one of the most attractive Canadian real estate markets and now is a good time to get a slice of this magnificent Vancouver cake.

The Metropolitan Outlooks Winter 2016 report shows Vancouver poised to stay at the top this year with GDP growth projections of 3.3 percent compared to a national average of 1.8 per cent.

The Conference Bard of Canada released its report last week which showed this growth is expected to continue all year long.

As a result, the Vancouver real estate market is expected to be a big beneficiary of this growth as it is considered to be Canada’s fasting growing housing market.

With the construction of the Trump International Hotel and Tower and also the expansion of the Vancouver international Airport, anticipated growth in the construction sector is not only limited to housing construction but will include non-residential and mixed use projects as well.

Other sectors of Vancouver’s economy are showing promising signs as well, these include manufacturing, warehousing and transportation.