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Vancouver real estate ‘could very well be at the bottom of the market’, expert says

VANCOUVER (NEWS 1130) – Has the Greater Vancouver housing market turned a corner? At least one expert believes buyers are ready to rekindle real estate in our region.

“We feel that the low unemployment rate is supporting the housing demand and I think we have a lot of pent up buyers who are starting to spill into the market, creating market activity,” says Don Kottick, President and CEO of Sotheby’s International Realty Canada.

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“We are starting to see more buyers — new buyers– heading into the market. I think the other thing that has happened is that because prices have adjusted somewhat, people with million-dollar-plus budgets are now finding the types of homes that are available to them were not available a couple of years ago.”

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