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(604) 971-1985
(604) 971-1986
Notary Public North Vancouver (Lonsdale)
Notary Public West Vancouver

You know that housing markets are extremely strong within British Columbia and across the country. In most respects, Landcor’s numbers for 2021-Q2 behaved as you and I might have expected – they were phenomenal. There was one small surprise: I had been expecting sales to be at an all-time high, but they were the second highest ever (48,726 residential sales for 2021-Q2 didn’t reach the record of 50,777 sales that was set in 2005-Q3).

The second quarter is almost always the strongest of the year. In consequence, once the numbers are seasonally adjusted, the sales rate for Q2 was actually a bit lower (6%) than in Q1. Recent sales have been the strongest seen in over a decade, although activity is still weaker than was seen during the frenetic period from 2005 to 2007.

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