It is debatable if the unprecedented circumstances of 2020 could have been foreseen. Regardless as swan of some sort is right before us. That being said, we have spoken numerous of times over the years about the under lying strength of the Metro Vancouver new multifamily market and that it would take such a “Swan”, predictable or unpredictable external crisis /global crisis to de-rail it.
Fifth Avenue is a residential real estate sales and project marketing organization, joyfully celebrating 40 years of experience throughout 2020. Recently, Fifth Avenue released the 40th instalment of its market report entitled The Fifth Dimension. For over a decade we have been chronicling the events and occurrences of the new multifamily market home market in Metro Vancouver. This is the concluding edition for the 2019 year and the tone setter for the first year in the 20’s decade.
A slowing market: It is times like these that one tends to seek as many informed perspectives as possible. As they say, “The deeper you look the more you see.” And there is clearly more to see than declining sales in the Metro Vancouver market.