The end of 2020 saw buyers in the BC detached market having to strategize and look at the big picture for their offers, for the best possibility to secure the home that they want.
Are appraisals coming back below the purchase price because we are seeing a lot of properties selling well over the asking price? What types of properties and neighbourhoods are hot spots for purchases in BC, as a result of the COVID-19 pandemic? How is the new norm of working remotely affecting real estate?
VINE Group’s Paul Tsu and Hugo Dos Reis have an in-depth discussion with John Powers (Realtor, Powers Real Estate) about the current real estate market in British Columbia.