Find the Right Property | Vancouver Property Manager

1. Why Brokers Are Vital To Get The Best Deal In Vancouver Real Estate Market? The Vancouver housing market continues to be a seller’s market well into 2021. The demand is more in the suburban areas where buyers are seeking larger properties. In the downtown core area, the demand is subdued. The average price has increased by 11.4% in 2020, and this year it is expected to go up by around 4%. The rising prices testify to the fact that people are lapping up old residential places and are not worried about the increase in prices. However, with multiple popular locations and a diverse range of houses, it is often difficult for people to decide on a particular area to buy their home. This is why you need to take the help of a Top Vancouver realtor. These people can help you choose the perfect property at the perfect place at the perfect price.

2. What is driving The Sales? What is driving housing sales in suburban areas is the availability of single-detached homes. So, buyers are coming up from other places of Canada and crowding in Vancouver since they can find properties that quench their thirst for moving up the value. Types of Houses on Sale: There are different breeds of home buyers coming to Vancouver. Some first-time buyers typically look for condominiums. Prices of condominiums range from $400,000 to $500,00 in price. These are mostly situated outside the downtown core area.

3. Factors Affecting the Market: Until the spread of COVID-19, there was a strong market for condos. However, the pandemic has brought down the demand since buyers are scared of the risk of infection in such residential properties. This concern has also led to an increase in the demand for single-detached homes. The combination of concern about the spread of infection and the aspirations of move-up buyers is driving the sale of single-detached homes in Vancouver. These are usually young couples and families wanting to move up the value chain. Such buyers are getting multiple offers since this market seems to have the maximum supply of such homes, mostly in suburban areas. So, these people have some elbow room for a bargain. On the other hand, the luxury home market is driven by foreign buyers. What is surprising is that even with a starting price of approximately $2,000,000, the demand for luxury homes is increasing. Hottest Neighborhoods: The hottest neighborhoods in Vancouver in 2020 were Fairview, Kitsilano, Mount Pleasant, etc. These places are expected to remain

4. popular even in 2021. The positive thing about these places is that they are easily accessible from great locations. Nut Shell: If you are not yet decided about the right neighborhood or the right property, you need to meet The Matt Kuras Team. They can help you choose the right property. They can also advise you about the time to buy a property. So make sure that you meet several realtors in Vancouver and tell them what you desire in terms of the property. The brokers can point out the right property. You just need to see it and okay the buy.