Steady Demand and low supply Benefits Home Sellers

 February saw steady home buyer demand and reduced home seller supply across Metro Vancouver.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020. (Read More)

Summary Findings from the Report:

• While it's unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic  activity with little guidance to when things may return to normal.

• Based on a scenario analysis, BC home sales and prices will likely face declines in the spring and early summer but should recover along with the wider economy in the second half of the year, contingent on the outbreak resolving. (click for report)
  

CRAVE TV offering Month of FREE TV to Canadians:

CRAVE TV:

Crave has announced that while Canadians are spending more time indoors they are have changed their free trial to 30 days from 7 days!

Wine I'm Loving:

Villa Maria

A Sauvignon Blanc from the same region that produces Kim Crawford and Oyster Bay and could, very much, be better! 👍

Please feel free to make comments on any of this content by texting, phoning, emailing, or posting on any of the relevant social sites.