JANUARY 2021 - MARKET UPDATE WITH JOHN TSAI PREC*

Dated: February 18 2021

Views: 66

Home buyer demand remains elevated across Metro Vancouver.

In the first month of 2021, Metro Vancouver’s housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale.

With home sale activity well above our January average, the supply of homes for sale isn’t able to keep pace. This is causing increased competition amongst home buyers and upward pressure on prices.

Shifting housing needs during the pandemic and historically low interest rates have been key drivers of demand in our market over the last six months. People who managed to enter the market a few years ago, and have seen their home values increase, are now looking to move up in the market to accommodate their changing needs.

Want to share? Here’s a link: https://youtu.be/7gNxnbby-24

Blog author image

John Tsai

John Tsai has received numerous accolades, including the Gold Master Medallion Club Award (2010-2019), Team Presidents Club 2019 and the President’s Club Award (2015-2018). Reading Rich Dad, Poor Da....

Latest Blog Posts

✨ JUST SOLD BY THE JOHN TSAI GROUP! 3509 - 602 CITADEL PARADE, VANCOUVER ✨

✨ JUST SOLD BY THE JOHN TSAI GROUP! ✨3509 - 602 CITADEL PARADE, VANCOUVER: SOLD IN 8 DAYS FOR $60,100 OVER ASKING PRICE AND WITH MULTPLE OFFERS! ? This sale marks the HIGHEST SOLD PRICE PER SQFT

Read More

✨ JUST SOLD BY THE JOHN TSAI GROUP! 303 - 1330 GENEST WAY, COQUITLAM ✨

✨ JUST SOLD BY THE JOHN TSAI GROUP! ✨303 - 1330 GENEST WAY, COQUITLAM: Congratulations to our client on purchasing this ultra-spacious 982 sqft, 2 Bed + 2 Bath suite at The Lanterns! Close to

Read More

✨ JUST LISTED: 201 138 E HASTINGS STREET, VANCOUVER ✨

1 Bed + 1 Bath | 693 Sq. Ft. | $449,900Welcome to SEQUEL 138—a modern + affordable condo in the heart of it all! This is a RARE OPPORTUNITY to own a Vancouver address for under $450K and is a

Read More

✨ JUST SOLD BY THE JOHN TSAI GROUP! 208 - 2958 WHISPER WAY, COQUITLAM ✨

✨ JUST SOLD BY THE JOHN TSAI GROUP! ✨208 - 2958 WHISPER WAY, COQUITLAM: SOLD IN 6 DAYS FOR OVER ASKING PRICE! ? Congratulations to the Sellers! Thank you so much for trusting our team to assist

Read More