Vancouver Top Teir Real Estate Market Report

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Vancouver : Top Teir Real Estate Market Report


In the second half of 2012, the Bank of Canada's tighter lending controls were felt across the country and in Vancouver's upper end real estate market. From July to December 2012, Vancouver's housing market experienced an expected softening. While inventory for homes listed for one million dollars was down 10 per cent from the same period in 2011, sales in the same category dropped 31 per cent. In the latter half of the year, Vancouver's high end market transitioned into one favouring buyers, with 5 per cent of homes over one-million dollars sold for over asking and listings over one million dollars taking an average of 54 days to sell. Comparing 2012 in its entirety to 2011, the number of homes listed over one million dollars increased by 2 per cent, while the number of homes sold in the same category decreased 34 per cent.

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About Ascension Health Ventures


Ascension Health Ventures was launched in 2001 as a wholly owned subsidiary of Ascension Health. Today it is a subsidiary of Ascension Health Alliance, a parent company formed in 2012. AHV's role is to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management and its limited partners include Ascension Health Alliance, Catholic Health East, Catholic Health Initiatives, Decatur Memorial Hospital, Dignity Health, Intermountain Healthcare and Mercy. For more information, go to www.ascensionhealthventures.org.