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2021 Graph of Bank of Canadas mortgage rate

What makes Vancouver shine as a market to watch in 2021?

One of the major themes of our recent Emerging Trends in Real Estate report was the accelerated pace of change as certain pre-existing trends evolve or gather speed and new patterns emerge in Canada’s real estate market. In the case of Vancouver, our city has long been considered a great place to invest in real estate, and the COVID-19 pandemic has only amplified that.

Despite so many questions about what the pandemic would mean for the housing market and other areas of real estate, Vancouver once again ranked as the No. 1 market to watch in this year’s report. How can this be, especially considering the housing market downturn in previous years? There are many reasons, but the short answer is that while Vancouver hasn’t been immune to the effects of COVID-19, our city remains an attractive place to live and do business. This has helped cement its status as a safe haven for investment even with today’s uncertainty. (PwC Price Waterhouse Cooper Vancouver 2021)

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