Photo: Stephanie Seto
We are expecting prices to remain stable based on pent up demand, low interest rates and low inventory levels. Vancouver outperformed the Toronto market. Loss of momentum expected for Toronto, Montreal and Ottawa markets.
If B.C. continues to flatten the curve, our economy will get a head start on recovery. It’s important now more than ever that we all continue to do our part.
“Greater Vancouver real estate prices advanced even more than Toronto. The price index increased 1.02% in March, but was still 0.69% lower than the same month last year. Prices remain 4.97% below the peak reached in July 2018.” – Better Dwelling
Greater Vancouver performed well in March in spite of the pandemic and resulting uncertainty.
We are still seeing interest from multiple buyers resulting in multiple offers. Find out if this applies to your home or neighbourhood. Sellers who sold in January and February need somewhere to live.