A Renewed Focus on Home
Aug 19th, 2020
We have never experienced a time like today — a pandemic that has disrupted our daily lives. But while there’s uncertainty, fear, and frustration surrounding the health crisis and life in general, people are still buying homes.
According to the Real Estate Board of Greater Vancouver, “Attached home sales in July 2020 totalled 607, a 28.3 per cent increase compared to the 473 sales in July 2019.” And the Canadian Real Estate Association said that national sales last month “posted the highest level of any month in history.”
Why is this happening?
Home is in the spotlight, that’s why. Suddenly forced to spend more time there, home has become where we live, work, learn, and play. Our needs have shifted. And we are rethinking what is most important when it comes to space.
People are looking for spaces that offer more function and flexibility — an extra bedroom that can double as a playroom or office, or a kitchen with an island where homework can be completed. Garages are in demand, as are yards and patios. Expansive and open living areas are key for people who want to spread out, but stay connected with other members of their family. And let’s not forget kitchens that can handle all those batches of bread.
These changing needs come at a time when mortgage rates are incredibly low, creating more opportunity for homebuyers to upgrade their home.
With technology and safety protocols in place, it’s easier than ever to receive all the information you need to make a big decision. At StreetSide, we have made virtual tour videos available for Creekside, Orchard Park, Canopy at Tynehead Park, and FORTE. And we welcome only one group at a time into our Sales Centres to maintain proper distancing.
Contact one of our Sales Teams for information on one of our above-mentioned communities or on Port & Mill, our newly-launched condos in West Coquitlam.