After the pandemic pause and uncertainty of 2020, the dam officially burst in 2021. Last year’s fourth quarter set records more than 10% higher than the previous all-time high — 7,655 new multi-family homes hungrily absorbed into the market. The entire year was a dazzling 26,291. The Fifth Dimension Winter Edition 2022 report explores the Metro […]

Affordability Outside of the City Core However, the catch is a low-rise condo outside of Vancouver is where the prices become affordable for most first-time homebuyers, and Squires advises looking in Langley, Surrey and Abbotsford. In a rising interest rate environment, first-time homebuyers need to be cognizant of losing purchasing power as the B-20 mortgage […]

VANCOUVER REAL ESTATE PODCAST EPISODE #310   Has the Vancouver Real Estate Market Peaked? Featuring Fifth Avenue Real Estate Marketing’s President & CEO W. Scott Brown We have been on a wild roller coaster ride straight out of the gate this year & haven’t even hit the spring market yet. But does the market continue […]

In this Spring edition of the Fifth Dimension, we chronicle the sustained growth in the new multifamily market since the onset of the global pandemic over a year ago. From a market perspective, the start to 2021 included generating the highest total quarterly sales recorded since the Second Quarter five years ago. An incredible 6,651 […]