First Time Buyers Active in Vancouver Real Estate

Where we are coming from

Right now we are seeing a resurgence in the Vancouver real estate market. Beginning in the early spring of 2008, the market began to cool off considerably. By the time that fall 2008 arrived the market had stalled. The number of listings in the city of Vancouver had ballooned while sales had fallen away precipitously.

First Time Home Buyers

What we saw in the fall of 2008 was that first-time buyers completely disappeared from the market (you can read my blog post about Vancouver first-time buyers here). This is a critical group of buyers in any market. They allow current sellers to move up in the market. They are also often the first group of buyers to exit a declining market, and the first group to come back when things are looking up.

I’ve been writing for months about the strengthening of the Vancouver real estate market. One of the biggest reasons that this has happened is that first time home buyers have come back into the market in droves. These buyers are purchasing homes from sellers that weren’t able to sell and thus weren’t able to move up and purchase from the next seller. In a nutshell, first-time buyers broke the logjam of the Vancouver real estate market.

When you are ready

If you feel as though you are ready to purchase your first home, or if you’d simply like to discuss your options further, I am here to help. Feel free to send me an email or give me a call.

Please Donate

On June 22nd, 2009 I will be attempting to break the record for the most ascents of the Grouse Grind for charity. The Royal LePage Shelter Foundation is an incredible organization which is there to help women and children suffering from domestic abuse. Of every dollar donated, 100% goes directly to those in need (Royal LePage covers all administrative costs of the charity).