Market Update February 2020

Dated: 02/18/2020

Views: 5

**Click image above to view my February 2020 market update**

Vancouver real estate sales are picking up steam as we move towards the busy Spring market. The Real Estate Board of Greater Vancouver (REBGV) reports that January sales volume was up 42.4% from the same time last year. We're also seeing a significant reduction in supply, which has led to greater competition between buyers and a return of multiple offer scenarios.

This increased activity in the market is a great reminder that you must be prepared when it comes time to make a purchase. If you're not pre-approved for financing then you may miss out on the opportunity to buy your dream home. We're also seeing an increase in buyers that are using tricks like pre-inspections so they can remove that condition and strengthen their offers. If you're planning to buy a home, it's important that you work with a Realtor that understands current market conditions and can help you succeed.

Mortgage rates are fantastic at the moment so it's a perfect time to get pre-approved for a mortgage. Please get in touch if you would like assistance getting started.

Contact me to schedule a consultation and we'll create a strategy to buy your dream home.

Chris Lambert
604-340-6457
chris@chrislambert.ca

 

 

Blog author image

Chris Lambert

Hi, I’m Chris. I help people like you to buy, sell, and invest in real estate throughout beautiful British Columbia. I love what I do, and I’d love to help you too. I'm an experienced and hard w....

Latest Blog Posts

Market Update February 2020

**Click image above to view my February 2020 market update**Vancouver real estate sales are picking up steam as we move towards the busy Spring market. The Real Estate Board of Greater

Read More

Are You Planning to Sell Your Home in 2020?

--The busy Spring market has arrived! We’re facing a shortage of inventory as we deal with the pent up demand from buyers that were sitting on the sidelines through most of 2019. The last

Read More

January 2020 Real Estate Market Statistics

Home sale and price activity remained steady in Metro Vancouver to start 2020 while home listing activity declined in January. The Real Estate Board of Greater Vancouver (REBGV) reports that

Read More

Property Taxes, Assessments, and Grants - December 2019 Update

*This article was originally posted on January 11, 2017. It has been updated to reflect current dates and new policies.It's that time of year again! BC Assessment will be sending out their updated

Read More