Resort-Style Real Estate Gains Ground in the Okanagan Valley 

The Okanagan Valley has long been prized for its breathtaking views, laid-back lifestyle, and four-season appeal. But as more homebuyers search for a retreat that offers permanence and not just a vacation, the region is seeing a shift. High-end resort-style communities are redefining the standard of
Market Insights
DECEMBER 2020 PRE-SALE REAL ESTATE INSIGHTS
4 years
November Real Estate Market Data & Insights "We typically see inventory and sales transactions adjust down seasonally this late into the year so it’s not a surprise to see volumes lower in November than October. However, November resale stats still well above the 10-year average and up from 2019
Market Insights
2020: The Year No One Predicted
4 years
2020 turned out to be a year that no one could have predicted, and that certainly rings true for Vancouver’s real estate industry. When the clock struck 12:00 am on January 1st, 2020, we had no idea of the impact COVID-19 would have on our local economy. We first felt the impact of the pandemic on
Market Insights
NOVEMBER 2020 PRE-SALE REAL ESTATE INSIGHTS
4 years
"Another record-setting month in October with over 6000 MLS sales transactions across Greater Vancouver and the Fraser Valley along with strong absorptions in the presale market in both existing inventory and newly released projects as the flight to space continues.” Suzana Goncalves EVP, SALES AND
Cambie Corridor
Market Insights
MLA SPOTLIGHT CAMBIE CORRIDOR
4 years
In 2017, the Cambie Street Corridor was one of the hottest pre-sale markets in the Lower Mainland. Like all other parts of the housing market over the past 24 months, both demand and supply have pulled back. In our analysis, we uncovered three key insights worth noting about where it is today and
Market Insights
OCTOBER 2020 PRE-SALE REAL ESTATE INSIGHTS
4 years
"Momentum continued into September with record setting resale activity in some categories and many buyers opting for space further and further away from the Vancouver CBD. We also saw a strong single month absorption rate for new product and reasonable absorption of concrete product.” Suzana
Market Insights
AUGUST 2020 PRE-SALE REAL ESTATE INSIGHTS
4 years
"Activity remained strong in August including promising absorption of concrete product. We do believe there could be a slight pullback in September as people adjust again to new rhythms with schools back in session.” Suzana Goncalves EVP, SALES AND MARKETING; PARTNER, MLA CANADA HIGHEST PRESALE
Market Insights
JULY 2020 PRE-SALE REAL ESTATE INSIGHTS
4 years
"Sales volumes remain steady within presale as townhomes continue to outperform and the economy recovers.” Suzana Goncalves EVP, SALES AND MARKETING; PARTNER, MLA CANADA LAUNCHES ACROSS NUMEROUS SUBMARKETS There were six project launches in July 2020 that released approximately 221 units to market
Market Insights
HOME PRICES TO DOUBLE
4 years
In the long term, Vancouver housing prices are heading one way — up. 2020 is a year that will never be forgotten. In every corner of society, in every industry, every business and household, the effects of COVID-19 are dramatic. Our daily lives, patterns and behaviours have shifted. Nobody has been
Market Insights
JUNE 2020 PRE-SALE REAL ESTATE INSIGHTS
4 years
"We remain optimistic about growing sales activity and stable pricing and don’t expect to see any drop in activity as we historically often do during Summer. We continue to monitor closely how further Covid-19 impacts consumer confidence and the market as a whole, particularly as our neighbours down