There's still extremely low inventory and a lot of buyers. We're seeing lots of bidding wars on townhomes and detached homes.
The best way to capitalize on current market conditions are those who are considering selling a single-family home and downsizing to a townhome or condo.
Those who are considering moving in to an age restricted community can benefit as well since they are not selling quite as fast as freehold non-strata land.
Make sure you talk to a mortgage broker early to get your financing 100% ready before shopping since you might not have the time before your favorite listings sell.
Give me a call or text at 604-798-3960 if you ever have more questions about the market conditions.
Ben Truscott Real Estate Report - January 2021
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