Tuesday, May 30, 2006

Real Estate Shows No Sign Of Slowing In The Lower Mainland

Real estate shows no sign of slowing in the lower mainland. The 'Gateway Effect' research project shows that transportation projects in the Greater Vancouver area will increase the value on homes in some municipalities by 10-20%. Wow, wouldn't you love to own property in one of those areas.

Rising real estate prices in Manitoba, Winnipeg in particular, has made it financially feasible to redevelop brown-fields. Brown-fields are areas left contaminated by gas stations, scrap yards, and other noxious industry. Rising prices means that the cost to clean the sites, often several hundred thousand dollars, is worth the return on the sale price. The urban clean up also contributes to gentrification and combats urban sprawl.

If you think you have what it take to be a part time real estate mogul you should really take some advice from professionals.

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