The outlook for the Vancouver property market can be considered uncertain in the short term, with several variables that could potentially impact the market. It is essential to stay informed and seek professional advice before making any investment decisions.
As far back as 2008, CNN reported on the expected effects of Baby Boomers (the largest generational cohort) retiring from the workforce. The pandemic has accelerated the process.
Canadian consumer confidence is negative and has not started to improve yet.
A summary of housing-related goodies in the Canadian federal budget, and their likely impact on the market.
Increase a property's market value by adding specialized pool devices
Vancouver Island is growing by nearly 5%.
Higher U.S. interest rates will pressure Canada to match or devalue the Canadian dollar
