There’s been a bit of a shift in the market going back to the first week of March.
I sold a penthouse a few months ago, and everybody who came to see it was probably 30 years old and it’s an $8.5 million place.
What we are going to see, unfortunately, is there’s going to be a huge gap between people who own and don’t own — forever, now.
We are not going to see a big correction in prices, as long as people still want to live in Vancouver.
There was a bit of a lull between March break and Easter but I have a feeling there may be a surge in buying.
More than 50 per cent are taking offers first-come first-serve, which is more back to normal, which is good.
Things have slowed down a bit, but people are still looking to see if they can get a deal.
If you can afford the mortgage in the next five years safely, that is, you have a good future, you have a steady job, go ahead and buy the place.
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