There’s certainly no argument as to the important role new housing development has on the BC economy. As one of the main pillars of GDP, I find it extremely valuable to keep an eye on the Metro Vancouver development arena. With some help from Urban Analytics and their recent state of the market report, there are a few items to keep an eye on. Due to the recent housing correction, project launches, along with total units released nosedived in 2019. This resulted in fewer sales as well. New project launches fell 30%, new units released fell by 60%, which sent new home sales tumbling 50% compared to 2018.

Steve Saretsky: Your Trusted Vancouver Real Estate Agent for Expert Market Guidance
Key Political Developments Prime Minister Trudeau’s ResignationTrudeau, described as economically illiterate, is resigning. Trump’s Inauguration A knowledgeable Vancouver real estate