vancouver real estate market October 2020

The Vancouver real estate market surpasses the highest September Sales average by 44.8%, setting a new 10-year record-as if the pandemic never happened. What holds in store for the housing market in Vancouver in October 2020?
The Real Estate Boom in Vancouver
Vancouver real estate markets in British Columbia have had a remarkable turnaround.
Overall, the British Columbia real estate market is exhibiting strong activity because of pent-up demand at present and low supply in the market. These factors are also apparent in the Vancouver real estate industry as well.
The Vancouver property market is booming with home buyers bidding against one another, and home and condo prices are relatively higher.
There are still lots of homes for sale for the right people who are willing to buy them.
For investors, there are no signs that the Vancouver real estate industry will reverse its trend of increases in prices soon. For those who are willing to buy a home in Vancouver, there are good chances that prices will continue to rise in the coming years. The good news for those who have already invested in homes and condos in Vancouver is that the immigration has stopped (for now) as a result of Covid 19.
But as the immigration picks up (and it has to) new immigrants will want to become homebuyers and pent-up demand will increase the prices of homes for sale once again. For more information see www.strawhomes...
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