Despite a rocky 2020, for the Canadian property market and the wider economy as well, real estate sales are taking off in 2021.
Part of this is due to the pent-up demand that was put on hold for the previous year. Other factors at play include a general trend towards consumers rethinking what they want from their homes and living situations, resulting in a kind of market “shuffle”, and the historically low-interest rates making new real estate look more tempting than ever.
As an example, January 2021 saw the highest residential sales on record for regions like Revelstoke and South Peace River. Similarly, property prices in Golden BC have increased by 11%, above what would be considered a “normal” rise.
Rocky Mountain regions around and…