Strong demand will drive steady price increases in the Vancouver condo market through the rest of the decade, according to new data released today by Genworth Financial Canada, a subsidiary of Genworth Financial, Inc. Genworth's Metropolitan Condominium Outlook report forecasts Vancouver condo price growth to remain steady through to the end of the decade. The data compiled in the Metropolitan Condominium Outlook by Genworth shows that over the next four years, Vancouver condo demand is expected to slow to balance with supply, although a correction is not expected. After seeing price growth averaging 17.1 per cent in 2006, Vancouver condos will rise about 6.2 per cent this year and average 4.4 per cent annual growth through 2010.



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Posted: 01|31|07 at 12:49 am. Filed under: News.