According to the Real Estate Board of Greater Vancouver, June was the hottest month on record...perhaps coinciding with the hot weather?!
The housing market activity comes in waves; much like the ocean, there are ebbs and tides. The wave we are riding right now is similar to the mid-2000s.
Many people wonder what is driving this activity. Basically it is the delicious combination of low interest rates + a declining supply of detached homes + an ever growing population + our strong BC economy + left-over buyers from previous years and finally our gorgeous city with all of its perks.
Those who are fortunate enough to own homes in BC are sure to see appreciation in their ever-growing asset.