Real Estate Market Update September 2021

Vancouver's real estate market was strong during the summer.

With COVID-19 restrictions slowly being lifted, people are being able to travel and do other things rather than buy and sell real estate.

With September 2021 in effect, we are starting off the season seeing a low supply, which is keeping prices fairly firm.

Interest rates remain rock-bottom and as we are nearing an election, it may sometimes drive people to think there is some uncertainty which may cause them to hold off on buying. There is also discussion among election parties about foreign buyers being restricted from buying real estate.

We do, however, have record-low interest rates, and going forward, the market is looking fairly stable, and we could see buyer demand pick up in the fall, which will cause potential prices to continue to trend higher.

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