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The Brave New World of Pre-Sales Condos in Yaletown

Image source: HiBusiness

The condo craze is still current in Vancouver, and especially so in Yaletown, erstwhile warehouse district that blends its heritage status with all the paraphernalia of the new lifestyle that, regardless of actual inventory, is still driving speculative money exchanges for those willing to avail of impressively high going values. It doesn’t hurt that Yaletown has a matchless transportation system in place and is a beautiful locale with a lot to offer. From the amazing Seawall to the many lush and expansive parks that dot the area, such as the George Wainborn Park, which is 2.5 hectares in size!

It should be noted that all of these spaces make good use of the city’s existing infrastructure and contribute to it, with the focus on sprawling green spaces and public recreation facilities leading to a happy circle that helps sustain those natural loci and quality recreation facilities with their focus on community living.

1121 Seymour + Davie

The nine-storey 1121 Seymour across from the Emily Barnes Park is slated to have 38 units.  For those with sophisticated taste buds, it will be pleasant to know that the property is 474 restaurants away from residents and a lack of choice for cuisine satisfaction. And over all of this, the building has been given a silver certification by the LEED Canada, which means that one can avail of all the luxuries of this space without the attending green conscience scare that so many other metropolises are ridden with.

1121 Seymour + Davie
1121 Seymour + Davie

Arc Vancouver

The Arc Vancouver is perhaps one of the most ambitious and conspicuous developments of the area, despite the fact that it is, well, a development, and not a finished project. True to its name, The Arc carries forward the tradition of triumphal arcs built on steppes and sand and asphalt since time immemorial, just that this one is built of two separate towers! The concrete-and-glass behemoths will be connected by two- or three-storey sky-bridges. In addition to the wealth of Yaletown around it, The Arc will provide special pedestrian plazas for their residents.

Developments like the Smithe, Viva tower, and 498 Drake Street focus on the region’s marriage of the urban and the traditional – based on its historical mix of older commercial and newer residential living – while designing condos, which is why it has a floor of retail and three floors of official space reserved from its twenty-six storeys of spotless and elegant boutique property living.

498 Drake St
498 Drake St in Yaletown. Image source: Skyrise Cities

All in all, condo property in Yaletown focuses on bringing a new sort of urban living into this new heart of Vancouver, one blending sophisticated private living with active community lifestyles.

 

See other Yaletown Developments

1335 Howe -Sales from $1,769,900

The Charleson – Sales from$3,600,000

902 Davie Street

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Condominium Culture in Yaletown Real Estate Riding High

Presented by some as Vancouver’s challenge to the Manhattan’s Soho, Yaletown is a thriving district which is emerging as an area for hot property deals thanks to its enthusiastic start-up culture and increased number of popular recreational service providers.

New Condominium Boom in Yelowtown

This is also due in no small part to its new immersion in condominium culture. With many new condo projects like, 1335 How (Onni)The Charleston(Onni) and 8X On The Park, both pre-sale condos, the emphasis is on uber-urban living spaces that provide proximity to social watering holes, new-age entertainment and recreational facilities, while also granting aesthetics of residence as high a priority as luxury. Yaletown, in other words, wants to live beautifully and busily, nudging its social spaces to rise up to the challenge.

1335 Howe by Onni
1335 Howe by Onni – customizable home near Yelwtown district. Image source: Onni Group

This emphasis on aesthetics is by no means superficial and transient. Yaletown has always been a district careful of appearances and the impressions they generate. Real estate developments just prior to the current phase would focus on maintaining the old logic of stepping, adhering to the natural slope of the region and aligning heritage cornices with newer structures. For instance, Amacon’s project, the 118-150 Robson, proposes to rework the Northern Electric Company Building, a structure from Yaletown’s ‘heritage’ period as a warehouse district, into a new high-end structure offering above four thousand acres of commercial space, apart from 125 condominiums and a hotel.

Rise in Price/Square Feet

As for hard figures, the average cost for condos in Yaletown was last recorded in the range of $800 to $ 1000 per square foot, with one bedroom condos starting at $340,000, while the price of the average condo hovers around $555,000. After reaching an April ’17 peak of $890.000 in median price for condos, recent figures have stabilized in the sub-$830,000 region. And the fact of the neighborhood’s immersion is reflected in the fact that these figures are only slightly higher than the median figures for all housing in the same period.

A boom-buyer shift is imminent in Vancouver in general, and in sites such as the condo-rich Yaletown in particular, with millennial residents likely to stay while most of the residents who are older are planning moving out into smaller, even rural, areas, so long as they offer certain securities, such as focus on healthcare. Again, the millennial urge to stay on in Yaletown is down to its thriving youth culture, centered around new enterprises and the choicest varieties of recreational services. All of this, nonetheless, is leading to an alarming gap between sky-rocketing estate costs and relatively sluggish incomes.

But none of this stops the average millennial from either retaining condominium property in the area or purchasing new condo estate: listings for one- and two-bedroom condos dropped between April and June, while new listings for three bedroom condos increased by more than 50%. indicating both the relish with which customers lapped up relatively affordable condos, depleting demand, as well as the aspirational tendency for higher buys speculated by home-owners and property agents. All of which leads to a number of new pre-sale condos all with unique features: 1121 Seymour Residences, the Arc Vancouver, and 498 Drake Street, among others.

The condo wave, in other words, is still riding high.

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Vancouver’s Property ‘Boom’: Heading for a Dark Future?

luxury home vancouver
Currently detached home in Vancouver in Kitsilano.

Vancouver is one major world city that’s had it made in the twenty-first century. From the best of consumerism’s pleasures to the best in Nature’s goodie bag for her adventure-hungry, more-affluent-than-ever children, it comes across as a space of amiable interactions, easy indulgences, natural leisure…

… and huge housing affordability shortfalls for locals.

Trouble in Paradise

Unfortunately, Vancouver’s reputation has made it a magnet for some bad news. Its property market was plagued by real-estate crimes in the past, to be sure, but that was a problem many considered either resolved or easily manageable. Now, however, the city faces a new threat as several locals can be witnessed setting up sleeping bags on pavements and other external spaces.

The urban center marked its apex per-unit cost for homes at $967,500 on average, with stand-alones easily reaching up to $1.831 million. The benchmark rise is an 8.8% growth over just the last year. Simultaneously, it has witnessed 30.8% drop in sales over the year.

Vancouver’s property rates have gotten out of hand, and are too uncontrollable for locals to live up to their domestic dreams.

Info-May-2017
Source: Vancouver Real Estate Board

Non-Local Investment to Blame

The government’s identification of the causes behind this affordability chasm can be deduced from a look at the Vancouver property tax section on the city website. The emphasis on their Empty Homes Tax (which penalizes under-utilized residential spaces) and home-owner grants makes it clear that they are trying to root out non-local Canadian purchasers and foreign investors who buy property away from their source countries to act as tax evasion maneuvers.

In fact, the British Columbia government tried incentivizing Vancouverite purchasers and discouraging foreign participants by introducing a 15% foreign buyer tax and granting first-time home buyer loans. Both these moves have come under attack, however.


Misguided Well-Intentioned Maneuvers

Experts believe that the measures to stave off foreign buyers was flimsy at best, as the main perpetrators behind under-utilized residential spaces that arose from the investment of non-Canadians would easily be able to add the new sum to their usual considerations. Meanwhile, like locals, foreign immigrants on work permits too would suffer the effects of this move, which led BC Premier Christy Clark to announce leniency measures for such workers within seven months of the roll-out of the tax.

At the same time, many see the lure for local buyers as bad economics. Coming as it does at a time when “sellers [are still] reluctant to put their homes on the market”, according to Jill Oudil, President of the Real Estate Board of Greater Vancouver, getting more sub-150k buyers to vie for a limited supply of houses by subsidizing loans for houses costing up to $750,000 will only cease to make cost-effective properties cost-effective. In addition, it will either put many buyers in a spiral of debt as they strive to match their lifestyles to new accommodation, and also because, those whom it targets must able to qualify for 20% mortgages (even though they belong to sub-150k households), which means many won’t, and many others will fall into the dubious trap of additional debt.

The only real solution is to incentivize sellers so as to increase supply-side flexibility.

vancouver-real-estate-2017-May-2

source: Vancouver Real Estate Board
Greater Vancouver May data. Source: Vancouver Real Estate Board

 

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Discover Yaletown – The most Happening Place in Vancouver!

At some coffee shop, you will find out from the tables around you, students discussing the sky-high costs of the city’s rent, girlfriends searching for ketchup to go with their cheese and ham croissants, and a trio of briefcase-toting experts comparing caterers for their office party. Yes! This is Yaletown life. You’ve got things to do, places to go, and people to know around Yaletown, Vancouver. It offers a very active lifestyle, beautiful condos, and the people here are really kind. Despite being a big city, it gives a great neighbourhood feel. Placed in between some of the city’s busiest lanes, Yaletown is small but crowded. Among the most patios in all over Vancouver, Yaletown is perfect for people – watching, eating, and travelling around some remarkable boutiques that aren’t found in another place. Here, you will feel like a Vancouver inhabitant. This little corner is one of the best places to live in the world.

Get a Look at a Few of the Great Things Yaletown Life Offers:

What to see and do in Yaletown?

The waterfront parks in Yaletown are a big attraction. The biggest green spaces: David Lam Park and George Wainborn Park get connected through the city’s Seawall, which runs right along the water. From walking and jogging to biking and inline skating along the Seawall, you can enjoy to the core; along with the excellent public art sprinkled along the waterfront. The neighbourhood’s chronological roots are also apparent in the form of Engine 374, pulled the foremost transcontinental traveller train into the city in 1887, on show at the Roundhouse Community Centre.

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How to Satiate your Appetite?

The platforms of old redbrick warehouses, which were once built to allow for simple loading of textiles onto trains to be sent back east are now redesigned as luminous, metropolitan patios for the ideal brunch, afternoon drinks, and great dinners. Yaletown is a wonderful place for a festive seafood dinner, a tranquil bistro meal or a comfortable family feast. You can stroll the area to choose from a bunch of dining options to have sumptuous food in Yaletown. You just need some time to discover the area’s cocktail scene and nightlife after that – with elegant lounges, sparkling and vivacious neighbourhood pubs, and clubs with lively dance floor-filling. Now, you must be craving to get the flight to spend the evening in this amazing and sparkling place!

Treat for shopaholics:

Yaletown has worth mentioning local shopping options for shopaholics as well as window shoppers. You will definitely love the stylish boutiques, gracious service, and exclusive items that the typically locally-owned shops offer. From fashionable to designer home-wares, the stores in this vicinity are peculiar, trendy, modish, and a lot of fun. You can explore Yaletown’s chic dog clothing, contemporary bathtubs, and historic chapeaus. No doubt it is the one place for the entire expert and sophisticated shopping, the most professional beauty services, and the on-trend fashions.

Excited Shopping Woman isolated on white

To conclude, let us tell you that Rogers Arena, BC Place, and QE Theatre are only a short walk away from Yaletown. Just get the tickets to experience the best concerts and sporting events there!

 

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Demand For Houses Still Outweighs Supply in Metro Vancouver’s Housing Market

apartment-constructionAccording to the Real Estate Board of Greater Vancouver, demand for homes in Metro Vancouver is constantly climbing the ladder. On the other hand, there is no sign of an increase in the supply of houses in the market. The REBGV said that listings combined with high demand, precisely for condos and townhomes, continued to influence Metro Vancouver’s real estate market in the month of March 2017.

The Real Estate Board of Greater Vancouver discovered that the sale of residential properties in the province amounted to 3,579 after the first quarter of the year 2017. And when juxtaposed to March 2016’s record-breaking sale of 5,173 houses, it was found that there has been a drop of 30.8% in the sale.

Despite such a fall, there is another statistics that would give the residents of Metro Vancouver a sigh of relief. The residential sales fell when compared to sales in March 2016 but when contrasted with the sales of the month of February 2017, there has been an increase of 47.6% in sales. In February 2017, only 2,425 residential properties were sold.

Also, the data revealed that the previous month’s sales were 7.9%, which is above the 10-year sales average for the month.

The President of REBGV Jill Oudil explained, “While demand in March was below the record high of last year, we saw demand increase month-to-month for condos and townhomes.” He further added, “Sellers still seem reluctant to put their homes on the market, making for stiff competition among home buyers.”

The Game of Numbers

In March 2017, in Metro Vancouver, the total number of detached, attached and apartment properties made available totalled 4,762. The figure indicates a fall of 24.1% as last year in March, the number of units listed were 6,278. On the contrary, the figure points to an increase of 29.9% when compared to the listings made available in February 2017. This is being considered the lowest number of listings in the month of March since 2009.

A statement released by the Real Estate Board of Greater Vancouver stated: “The total number of properties currently listed for sale on the MLS system in Metro Vancouver is 7,586, a 3.1 percent increase compared to March 2016 (7,358) and a 0.1 percent decrease compared to February 2017 (7,594).”

The board said that the market analysts could sense a downward pressure on the house prices when the ratio declines below the 12% mark for a continuous period. However, house prices usually feel mounting pressure when they outpace 20% ratio for over a number of months.

Oudil said, “Home prices will likely continue to increase until we see more housing supply coming on to the market.”

The benchmark prices in Metro Vancouver for all residential properties fell by 1% over the previous six months and rose by 1.4% juxtaposed to February 2017.

To sum it up, the statistics showed that the sale of detached, attached and apartment properties decreased when compared to the property sales of March 2016. The drop in sales also led to the change in benchmark prices of the properties.

vancouver-march-2017
Vancouver housing price overview March 2017 – Image source: www.rebgv.org

 

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Yaletown – A Perfect Cocktail for the Travellers

yaletown
Yaletown

Yaletown, once an unknown land has now become as vital as the fluffiness of a cake to the city of Vancouver. It is now a high-end district with a combination of richness, beauty, art galleries, classy restaurants, cafes, expensive boutiques, high-rise commercial buildings, and latest residential developments.

Today, Yaletown is the warehouse district of Vancouver. It is vibrant, lively and walkable, making the gleaming residential buildings some of the most coveted in the Vancouver city.

This is the present of Yaletown, but for every present, there is a past.

During the early 80s, Yaletown was a flourishing industrial heart of the city of Vancouver. Also, in the year 1886, Yaletown was a western terminus of the Canadian Pacific Railway. Yaletown has been named after the town of Yale that moved its settlement as the Canadian Pacific Railway established its works yards alongside the Northern edge of False Creek.

Though Yaletown may look small on the map, it is surely a denser and important part of the Vancouver city. The perfect region for indulging in food, exploring beautiful sights and enjoying a night life.

Unravelling Days and Nights of Yaletown


When heritage dated modern, a historic district called Yaletown was born. Yaletown is a stylish district that is an incredible combination of a sophisticated and cosmopolitan atmosphere and the friendly attitude found at boutique stores and local restaurants.

Yaletown life has lots in store for everyone. Whether you are a traveller, wanderer or looking for a family getaway or romantic evening, Yaletown allows all articulate their lives in the best forms.

The tranquillity of an oceanfront seawall, sidewalk cafes, trendy and fashionable patios, out of the box shopping options and green leafy parks have made Yaletown and the life in the district the chicest place to hang out in Vancouver.

This is not all, if one wants to get lost in a maze, explore the much-admired restaurants and eclectic shops set along heritage brick walkways. Yaletown is believed to be Vancouver’s premier dining district. Would you believe us if we say, it is home to almost 80 food and beverage eating joints within a 3-block radius?

If the next destination on your itinerary is Yaletown, here are some of the things that you should know to experience the best of Yaletown life:

Spring time in Vancouver???????? PS. New blogpost will be up later this week!

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  •    Satiate your palate! Yaletown has award winning world-class restaurants with covered patios and inevitably requires a stopover.
  •    Take that much-loved ride to or from Yaletown district on Aquabus or False Creek Ferries.
  •    Get indulged and pampered at Blo, Noir Lash Lounge, Pure Nail Bar and Bombay Brow Bar.
  •    Delight in locally brewed beer at Yaletown Brewing Co. and Prohibition Tasting Room.
  •    Go high! The most happening part of Yaletown is its nightlife. There is always something exciting taking place in the district.

Wait until the sun goes down we gon make this bitch light up… #lightupthenight #aceofspades Photo: @justjash

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The list is infinite!

There’s an old saying: “When in Rome be like a Roman.” The saying implies if you want to enjoy the very essence of a place, you have to be in sync with its style. We’ll say, if you want to relish the Yaletown life – do how the people in Yaletown do. After all, this is one place that allows you to actually live like a Vancouverite.    

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Vancouver’s Turbulent Housing Market

vancouver real estate

Analysing the on-going hurly-burly situation of Vancouver’s real estate market, it can be predicted that the cluster of black clouds that has jam-packed the sky of the city will not permit the sky to become clearer and sun to rise anytime soon.

The incessant anger, frustration and rage of Vancouverites towards the housing market of the city have led to some intense situations. From the rise in prices to a shortage in supply of houses and from 15% tax imposition on foreign nationals to the abolishment of the foreign buyer tax on people with work permits, folks have seen it all; and believe it or not, this has given rise to a blame-game.

The Blame-Game

When the first-time buyers were priced out of the real estate market, it gave rise to an array of emotions, strong reactions and never-ending blame-game. The foreigners, the speculators, the real estate agents, Christy Clark, the rich and the poor, all have been blamed for the out-of-control Vancouver housing market.

But out of all, one aspect that has got overlooked in the debate is that the house owners in Canada are the most tax subsidised payers.

Tax Programs to Evenly Distribute British Columbia’s Wealth

The tax program that we’re going to discuss first is the Home Owner Grant. The Home Owner Grant enables the homeowners in Metro Vancouver to base their decision of whether to sell or not sell their real estate properties.

Every year in January a huge wonder game takes place that questions how much B.C. will change the exemption to.

The taxpayer of B.C. pays some of its residents an amount of $570 towards their property taxes every year, but in the case of an unsubsidised market, the house owners might be persuaded to sell their properties. In a housing market where the shortage of supply is often argued as a reason for mountain climbing prices, the B.C. government lays down an unwarranted restraint on the housing market’s original supply of listings with Home Owner Grant.

The next tax program is the property-tax deferral program. This is the only program where when a person turns 55, he/she can apply to have all of their property-tax delayed until the time they sell their home. When one has applied for the program, the B.C. government pays the taxes for the applied and charges a relatively low-interest rate of 0.7% for the benefit.

This way, it would become mandatory for some house owners to sell off their real estate properties, similar to how it is in other housing markets around the world. It is held that downscaling or losing your house is in a way a natural order of a free, housing market and presently the province’s government energetically interferes with this happening.

Further, it has been predicted that during the coming financial year, the Home Owner Grant will cost $857 million to B.C. taxpayers.

In the month of January, Christy Clark’s government presented two taxpayer-funded programs into the housing market – the B.C. Home Owner Mortgage and Equity Partnership. With this, it becomes every individual’s financial concern to possess their primary house at the very least. These programs will cost B.C. taxpayers $728 million during the coming three years. It is further expected that the program would add 1,400 buyers to the B.C. housing market in the future years.

Thus, the government subsidises the housing market around $1.25 billion every year. The two programs impact supply by providing an incentive not to sell their properties, and the other creates demand by motivating individuals to purchase.

The only way to calm the uncontrollable housing market is to put a halt on subsidising homeowners with these financial incentives in order to increase the supply for sale.

Property tax deferral program
Number of Property Tax Deferrals has increased year by year. Source: Metro News

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The Story of the Last Month – Low Supply and Tumbling Sales

Justin trudeau in Vancouver
Justin trudeau in Vancouver

The month of February has limited days and so was the housing supply and home sales across Vancouver in the month – Limited! What a coincidence!

The residential sales in Vancouver dropped dramatically in February 2017 juxtaposed to last year’s record-breaking leap. According to The Real Estate Board of Greater Vancouver, the reason for such a low housing sale is a limitation in the supply of listings and an abnormally snowy start to the year that had an effect on the Vancouver housing market.

There were 3,666 new listings in the February month; this is an almost 37 % fall from February 2016 and an 11 percent decline from the month of January. According to the board, this is the lowest number of new listings registered in February since 2003.

condosinyaletown.com
Vancouver listing February 2017 vs February 2016

The Board mentioned that the housing sales amounted to 2,425 in February, which is approximately a 42% drop from the same month last year. Nevertheless, the residential sales went up an almost 59%, compared to the month of January 2017.

The board further shared more information about the market drop in February. It said that the number of housing properties that got transferred in the month was 7.7%, which is just below the 10-year sales average for February.

The President of the Board, Dan Morrison remarked, “If you go to the store and there’s no bread on the shelf, you don’t buy it.” He further said, “While home sales are not happening at the pace we experienced last year, home seller supply is still struggling to keep up with today’s demand. This is why we’ve seen little downward pressure on home prices, particularly in the condominium and townhome markets.”

Morrison indicated that for months individuals had held a “wait and see” approach towards the housing market that had already begin to cool off before the foreign buyer’s tax was announced by the British Columbia government in Metro Vancouver in August 2016.

Although, Morrison has hope for he mentioned that the signs indicating the return of confidence in the Vancouver real estate market have surfaced. The sales-to-active listings ratio in February was 31.9%, a 10 percentage point surge from the first month of 2017.

Greater Vancouver Condo Values Rise & Benchmark Prices for Properties

The price of condos and townhouses in Greater Vancouver is rising despite of the sinking sales. As discussed above, the sales fell to a considerable extent as compared to last year.

The MLS® Home Price Index composite benchmark price is a representation of the cost of a typical property in the city. The present benchmark price in Metro Vancouver is $906,700, low by 2.8% over the previous six months.

The Real Estate Board said that the benchmark price for detached housing properties is $1.47 million. This figure showcases a 6.5 percent drop over the preceding six months, and there has been no change in the numbers compared to January 2017. On the other hand, the benchmark price for condominiums was $526,300. The price has taken a 2.3 jump over the previous six months.

Let’s sign off by using a statement by Tom Davidoff regarding the matter, “Certainly; I don’t think we’re done with the downward pressures. They still exist.”

Now, let’s see how the coming months for Metro Vancouver’s real estate market unfurl.

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Snowfall warning in effect for Metro Vancouver

Drive Safe everyone!

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The Ups And Downs of Vancouver Real Estate Market

Past Scenario

Housing in Vancouver was one of the biggest stories of 2016. A year ago, the Vancouver real estate market was described as a hot and sizzling market. The housing prices in Vancouver took a great leap and mushroomed over the year. These high rates were considered to be a boon for some and bane for others since after the evaluation, the cost of properties increased by double digits; in a few cases, the costs were raised by 40%.

In March 2016, the yearly homelessness count in Vancouver showed the highest number of people sleeping outside in ten years. Further, in June, the value of single detached houses and condos shot up by 40 and 25 percent respectively. The Finance Minister, Mike de Jong made an announcement of imposing 15 percent tax on foreign nationals. Along with this tax, the Vancouver city was also introduced to empty homes tax and new policies concerning the rental markets. The drastic increase in real estate prices affected the rental market as well.

The Present Situation

In the words of Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president, “It (2016) was an eventful year for real estate in Metro Vancouver. Escalating prices caused by low supply and strong home buyer demand brought more attention to the market than ever before.” Moreover, the Metro Vancouver real estate market experienced its third highest selling year on record in 2016, behind only 2015 and 2005.

Though, the recent updates have shown that the total number of houses vended in Greater Vancouver dropped more than 22 % in December in contrast with the preceding month. President Dan Morrison said that sales might have slowly risen, but the property costs have not dropped significantly.

According to the calculation, made by the real estate board, the benchmark price for apartments has escalated by 27 % from July 2015 to July 2016.  On the other hand, the price for townhomes has hiked by 29 percent, which is equal to the upper range from B.C. Assessment. Morrison said that it would take a little while for the market to familiarise with the changes that are taking place, and that the limited supply is the reason for a rise in the prices.

Future Forecast

According to Royal LePage, CEO Phil Soper and the latest predictions by real estate groups and financial institutions, the long-awaited corrections required in Vancouver’s inflamed housing market may be just around the corner. It has been forecasted that prices are headed for a double-digit decline in 2017 as the purchasers are dropping out of the housing market.

A report released last month by the B.C. Real Estate Association anticipated an 8.7% fall in housing costs in the area for 2017 with the average MLS value dipping from $1.03 million in 2016 to $940,000 next year. Similarly, in the month of October, the National Bank foretold a 20% drop in the rate of detached houses in Vancouver, a 9% drop for attached houses, and a 5 % decline in the prices of condos.

To these predictions, the economist at University of B.C., Tom Davidoff stated that ‘There’s no question the market is getting buffeted by headwinds.’ He also said that these mid-range conjectures are targeting on a modest correction after months of sinking sales in the Greater Vancouver market.

Besides, for Davidoff, Canada will always remain a prized destination and haven in a tumultuous world. “Having a stable democracy with a beautiful environment, over time, is going to be a real strength of Vancouver,” he said.

 

December Vancouver Real Estate pricing
December Vancouver Real Estate pricing. Source: REBGV