Find out what Cameron McNeill, Executive Director at MLA Canada, discusses with CKNW 980’s Mornings with Simi regarding the forecasted real estate markets across the Lower Mainland:
Scott Gingles, President and CEO of Nest Mortgages, joins Ryan Lalonde and Suzana Goncalves in this month’s episode of our Pre-sale Pulse Trending Topics to discuss Canada’s record-low mortgage interest rates.
What can we expect for the Lower Mainland’s real estate market in a post-pandemic world?
"We have clearly seen the trickle-down effect of the resale market into the presale.
One of the effects of the global health crisis, as it pertains to real estate, has become establishing a new value formula — the redefining of what people want out of their living space.
With the pandemic dominating newsfeeds and a lockdown in place, the housing market's state last March was bleak. Fast forward a few months, and sales in major Canadian markets like southern B.C.
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As borders remain closed and travel is at a standstill, most of us continue to feel the effects of the novel Coronavirus.
"Although January numbers are low, the presale market is gearing up for a full February, and active Spring market as many of the projects that were paused in 2019 and 2020 are starting to be released.