According to Frank Schliewinsky of Vancouver-based Strategics condo prices in Vancouver are expected to rise by as much as 5% in the downtown area, the west side of Vancouver and in Richmond. This is mainly due to Asian demand in these areas.
Other areas such as North Vancouver and Coquitlam may see a 10% decrease in prices.
This information was obtained from the Western Investor, February 2011 edition, page A21.
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