Virani

Newsletter – November 2020

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I am reminded of a quote from Charles Dickens’ historical novel, A Tale of Two Cities:“ It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness. ” 2020 has been an unbelievable year of sadness, but also a year of opportunity for the future.

 

Vancouver is a great place to live and will continue to be one of the most livable cities in the world well into the next decade. Our universal health care, amazing social values, awe-inspiring scenery, mild climate and active lifestyle have made us the envy (gem) of the world. We are an ethnically diverse, truly international city with numerous renowned educational and cultural institutions.

 

As lifestyle capital of the world, we have access to a myriad of outdoor activities, ranging from hiking and golfing to playing sports and skiing at our three local mountains or Whistler – one of the top ski resorts in the world. We are also certainly one of the most scenic cities in the world with our beautiful parks, beaches and prominent skyline set against a stunning backdrop of the North Shore mountains rising in the distance.

 

 

We’re a unique city admired not only for our beauty, but also for our brains. As a sister city to Seattle, Vancouver is quickly becoming a tech hub of Canada with some of the most prized global companies expanding here in the past few years. Seattle has some of the most technologically advanced companies in the world such as Amazon, Microsoft Corp., Apple Inc., Hewlett-Packard, Expedia and Netflix. It’s no surprise there’s a spillover into Canada from Seattle to Vancouver with this West Coast technological revolution.

 

With this expansion comes the creation of new jobs. Amazon looks to fill 3,000 jobs in Vancouver by 2023. There are already 800 positions available with the remainder to be filled when construction at The Post, between Georgia and Dunsmuir at Homer Street, nears completion. Shopify will draw 1,000 workers to the downtown core by the end of this year. Microsoft, Apple, Salesforce, Fujitsu, Hootsuite and SAP Canada are among other market leaders presently hiring or looking to fill positions as they continue to establish their Vancouver presence.

 

 

Currently, there are many excellent real estate opportunities in Metro Vancouver and you may be surprised what you can buy during these unprecedented times. With average mortgage rates hovering around 2%, financing has never been more affordable. The Real Estate Board of Greater Vancouver reports that home sales and new listing activity have reached record levels in Metro Vancouver in September.

 

Homes sales in the region totaled 3,643 in September 2020, a 56.2% increase from the 2,333 sales recorded in September 2019 and a 19.6% increase from the 3,047 homes sold in August 2020.

 
Last month’s sales were 44.8 % above the 10-year September sales average, which is the highest total on record for the month.
 

We welcome you to give us a call and let us show you how we can help you take the guesswork out of where you want to live next and what these dramatic buying and selling trends mean for you.

 

We’re in the middle of an election and whether your support left or right, we come together as a society that truly cares. I would like to take this opportunity to tip my hat and express my shock to hear of the passing of local North Shore realtor Carol Wagner. She was always such a positive light, very helpful and a wonderful woman.

 

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