Tammy Sharp, Realtor
850 Harbourside Drive #109 V7P 0A3 North Vancouver, BC, Canada

Housing market will continue to defy gravity: Central 1 Rock-bottom mortgage rates will drive B.C. home prices up over the next two years, says Central 1 Credit Union.

Momentum in B.C.’s buoyant real estate market is coming from outside Vancouver, especially in the Fraser Valley and the Okanagan, as buyers continue to seek detached homes.

Metro housing sales set another record level in October, despite dire predictions from big banks, analysts and government.

Sales were up 22% in the Greater Vancouver region, and up 54.7% in the Fraser Valley, compared with November 2019.

If you’re thinking about buying or selling a home soon, you need to be ready for some competition. It’s a tough and strong market out there, but we can help you win big! Check out our latest report to learn how https://www.tammysharp.com//the-new-normal-a-strong-housin

On October 30th, Canada’s government revealed its three-year plan to welcome 1.2 million immigrants to the country between 2021 and 2023. If the targets are met, the immigration boost will compensate for 2020’s drastically reduced numbers that came as a result of application and travel constraints caused by the COVID-19 pandemic.

The housing market is hot right now. Check out these sizzling numbers: Existing home sales rose 46.5% in September 2020 An additional 20,000 transactions closed ... That’s the busiest September ever! Why are we seeing such a surge in activity, despite the craziness that is 2020? 1 With homeschooling and remote work, late summer deadlines for moving evaporated, giving people more time to continue their home searches 2 Household savings grew to 28.2% of household incomea level not seen since the 1960s! 3 It’s a seller’s market, and Canadians see real estate as a safe investment. The market is booming. Now is the time to act if you’re thinking of buying or selling a home. Your first step is to check out my latest report, The New Normal: A Strong Housing Market Expected to Continue into 2021 https://www.tammysharp.com//the-new-normal-a-strong-housin Then shoot me a message. I can help you navigate these competitive market conditions!

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There is some data to suggest that as downtown dwellers look for more spacious abodes in the suburbs, suburbanites, in turn, are seeing home prices rise in their neighbourhoods.

As of the middle of October, 1,741 homes have changed hands in the Vancouver region, up nearly 54 percent from the first half of the month last year. It’s a strong signal that the region’s housing market will deliver more remarkable figures by month end for October.

The total for September meant sales rose a remarkable 56.2 percent over the previous year and were 44.8 percent above the 10-year average for the month. Last month’s tally also firmly beat out August’s total by nearly 20 percent.