"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
"Sales volumes remain steady within presale as townhomes continue to outperform and the economy recovers.” Suzana Goncalves EVP, SALES AND MARKETING; PARTNER, MLA CANADA
In the long term, Vancouver housing prices are heading one way — up.
"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.
"Sales volumes remain low overall and consumers need additional time to adapt to the new reality as we re-open the economy.
"The market momentum created in Q1 was clearly impacted as expected with April stats taking a dramatic slide down from March last month as well as April 2019. End-users will continue to keep the market going in the short-term as buyers fully adjust to the new normal.
"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.
