September Market Update – Hello Fall
“Hello Fall + Hello Multiple Offers”
With a combination of low rates, low inventory and the idea of “more space” the townhouse and entry level home markets in North Vancouver are 🔥 in today’s market place.
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LTS INSIGHTS: The Fall market usually picks up after the Labour Day long weekend when the kids are back to school and everyone is “back to routine”; however, this year things are a little different. Interest rates remain at a record low and the need for more space (especially as the months get colder) is more important then ever. The market right now is dominated by locals, and while that may seem very obvious (hello we are in a pandemic and flying into Canada, if you’re not a local, isn’t easy), what goes a long with local buyers is AFFORDABILITY, which would explain why those townhouses and entry level homes + homes with a mortgage helper are so active. If you’re a buyer in the luxury market, it’s a good time to buy. If you’re a first time buyer, it’s also a good time to buy right now. Read about the first time home buyer incentives, CLICK HERE. If you’re looking at townhouses and starter homes, Contact us; you’re going to need our local expertise/tips and tricks to secure that dream home of yours. CLICK HERE