A Year in Review
DOWNLOAD THE MARKET INTEL 2020 REPORT
In 2020, we witnessed a year of steadfastness, both in struggle and opportunity.
In 2020, we witnessed a year of steadfastness, both in struggle and opportunity.
By Cameron McNeill, Executive Director, Partner at MLA Canada
To learn more a
"Unsurprisingly the presale market was focused on current inventory over releasing new product which will be pushed into the New Year.
"Detached home
"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.
2020 turned out to be a year that no one could have predicted, and that certainly rings true for Vancouver’s real estate industry.
"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, SA
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 uncovere
"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.