"The market had been on a steady but sustainable upward trend since late 2019 and therefore it’s obviously disappointing to see this pull back.
As another year comes to a close, there has been a great deal of attention on the local real estate market these past 12 months. This year was less eventful with regards to no new taxes implemented or significant changes to financing requirements.
Over one hundred years ago, agriculture made a name for Abbotsford, and it still features prominently in the region’s economy and lifestyle. This pioneering spirit has become a legacy, instilling a sense of innovation, determination, and opportunity.
As lifestyles and technologies rapidly shift, so too do the needs and preferences of homeowners. The features in demand yesterday and today may be obsolete tomorrow, which is why developers and real estate marketers pay close attention to trend forecasts and study homeowner needs.
Both Coquitlam and Burnaby have seen incredible growth over the decades, with pockets in each city transforming into robust new communities.