Scott Brown: Metropolitan Vancouver

Brown Dept: "Given the solid conclusion to 2012, we expect sustained levels of demand throughout 2013," Scott Brown, senior-vice president of Colliers International Residential Marketing, said in the report. "Of course, the first-time buyer in select areas in Metropolitan Vancouver will continue to be challenged by affordability.", according to Vancouver Sun. Brown noted projects that sold well in 2012 included PCI's Marine Gateway, Intracorp's MC2, Appia's Solo District, Anthem Properties/Beedie Living's Station Square and Westbank's Telus Garden and transit-oriented developments will continue to be popular among Vancouver real estate buyers, including baby boomers who are downsizing, funding their first-time buyer children, or both, according to Colliers' fourth-quarter Marketshare report on multi-family residential real estate. Lofty prices in the city of Vancouver could mean more people will move to its more affordable suburbs, Brown said, adding it could also mean more developers build rentals versus for-sale condos in Vancouver. (www.immigrantscanada.com). As reported in the news.