VANCOUVER, May 20, 2017 /CNW/ - The Vancouver real estate market is picking up again after a short-lived correction, but AISA Realty Corp. (dba AISA Real Estate Services), a full-service real estate brokerage based in Vancouver, British Columbia, says it hadn't seen a damaging loss of luster to begin with.
The B.C. government's passage last August of its controversial 15 percent tax on real estate purchases by foreign nationals served its purpose by creating a seven-month market cool down in Vancouver.
Beginning in March this year, however, data showed sales resurging by 50 percent on a month-to-month basis.
What the foreign buyers tax did, says Rachel Pai, AISA's Director of Sales and Operations, was create a waiting game among prospective buyers. "Buyers wanted to see if the foreign buyers tax drove real estate prices down. It didn't, which confirms continuing confidence in the value of Vancouver real estate."
Investors have long seen Vancouver real estate as a stable asset that serves to preserve capital, so much so that Laurence Fink, CEO of BlackRock, one of the world's largest money managers, has underscored the investment value of Vancouver real estate by placing it above traditional investment vehicles like gold.
For AISA, what makes Vancouver such a special city is its progressive attitude toward the environment, a low crime rate, an excellent educational system, and limited land supply. These are all bedrock qualities that will continue to instill confidence in the city's real estate market.
AISA's Aaron Chen continues, "Much of our clients remain as confident about Vancouver's future as we are, and in turn, we continue to look onward to providing the highest level of service to our clientele."
Since its founding, AISA has been committed to delivering real value to its clients by providing the latest comprehensive market research and data and thereby allowing clients to make informed decisions.
Aaron Chen adds, "Regardless of market condition, AISA's values remain the same: aligning our goals with those of our clients and upholding the principles of honesty and integrity."
ABOUT AISA REAL ESTATE SERVICES
AISA Real Estate Services is a boutique real estate brokerage based in Vancouver, British Columbia that focuses on the sale and rental property management of luxury properties. Committed to delivering the highest level of service and standards, AISA serves the real estate markets of downtown Vancouver, Vancouver West, Vancouver East, the North Shore, and Richmond.
SOURCE AISA Real Estate Services
For further information: www.aisarealty.com | email: [email protected] | phone: (604) 568-9800