Each year the Second Quarter edition of The Fifth Dimension marks the passing of the half way point of the year. So, in addition to the concise and comprehensive analysis of the multifamily residential real estate market in Metropolitan Vancouver to this point in the year, we offer additional observations and interpretations of market conditions and share projections through to 2016. This includes our perspective with respect to the abrupt introduction of a tax levied on foreign buyers.
Sales total posted in the first half of 2016 represents possibly the greatest half year total ever. 12,968 new multifamily homes were sold from January 1 to June 30, 2016. This represents more sales volume than annual figures posted in every year from 2010 – 2012.
We hope you find this comprehensive analysis of the multifamily residential real estate market in Metropolitan Vancouver for the Second Quarter of 2016 informative and thought provoking.
This edition of the Fifth Dimension is dedicated to the memory of Sandhill Developments' founder, Amar Sandhu.
To download the full Second Quarter Fifth Dimension Report, Click Here