Alpine Credits' Blog

For all you readers who own homes in Vancouver… prepare to be happy.

The average Metro Vancouver home price rose from $638,000 to $763,000 between January of 2010 and January of 2011. That is over a 19% increase.

Wow.

Your investment has now spiked into the stratosphere.

Aren’t planning on selling anytime soon? You can still use that increase to your advantage when you apply for a home equity loan. Alpine Credits, the leader in home equity loans in Western Canada, will increase you availability limit on a second mortgage. That means you can borrow more money to invest in any way you like. Build your business, start an education fund, purchase a vacation property, the options are limitless.

Potential homebuyers might see the increase a little differently, as it is becoming harder and harder to break into the Vancouver housing market.

But there are deals out there and unfortunately, for the Mayor of Vancouver, some of those deals involve the yet to be sold condos in the recently created Athletes Village in False Creek. Since May of 2010 the average price of a unit in the Athletes’ development has dropped 30%. Stuck with an investment that needs to be sold, the Mayor is now optimistically hoping to come out even.

Take advantage of the drop and buy a piece of history. As the units sell and their value increases, your investment will start to show the same promising signs that homeowners across Vancouver are currently witnessing.