Spring 2001 Market Update – Vancouver Real Estate

March 2, 2001

Spring 2001 Market Update

More of the same? Throughout 2000 the condo market in central Vancouver continued to stabilize, with lower inventory and increased buyer activity and, now in 2001, still lower interest rates. The temptation for buyers to finally jump off the fence should become increasingly irresistible. If they do so in numbers, this will force prices up, but most likely still only in specific sectors. More economic optimism will be required to send this effect throughout the market. Most encouraging sign of the year so far: a total of over 100 parties through my last two open houses in the West End – unprecedented!