2021 is here and it's time for the most accurate 2021 Vancouver real estate market forecast. This year I am making 9 specific predictions. Keep in mind that these are speculative in nature and should not be taken as real estate advice or as being necessarily destined to come true! 1. The overall market will post somewhere around a 10% gain. Most likely the average price will be even higher than this at the end of the year. 2. The detached home market will stay strong. 3. Condos will go up significantly in value. 4. The Downtown market will recover and flourish. 5. Richmond will see significant increase in activity and price. 6. Growth in the suburbs will slow. 7. No new large policies to limit market growth. 8. Investors will come back to the market, particularly with presales and Downtown Vancouver condos. 9. The number of development land sales will increase significantly. Again, these are speculative in nature so please do not rely on these predictions when making real estate decisions. For any real estate advice or guidance please do not hesitate to contact Mark Wiens of Remax Crest Realty any time at 778-840-7653.
