My comments:
The market in November is usually slow, reflecting seasonal trends as the year winds down. Compared to earlier this year, properties are getting sold with reasonable price reductions. However, the market is making progress, and certain segments are seeing more activity.
For instance, many lower-end attached properties in the $500–$700K range are now selling faster than they were a few months ago, especially when priced competitively. As we’ve often emphasized, good properties hold their value over time and continue to sell at decent prices.
Here’s a featured property that we believe offers excellent investment potential for buyers with aroun $1.1M budget, the property was listed in early November and in a slower market, it was sold in 1 day.
Why I like this property:
- Family oriented area in central Burnaby.
- Purchased 100K below assessment.
- Rare supply of townhouses in Burnaby in general with future demand coming from condo owners.
- Corner lot with huge yard space.
As the year winds down, embrace the holiday season—whether that means decking the halls, sipping cocoa, or just trying not to eat all the holiday treats at once. Stay warm and enjoy!
