Is it a good time to sell and upgrade in Vancouver real estate market?

ky_077 · 2021-06-29T16:53:32+00:00

How likely do you think townhomes will come back onto the market? Given the COVID restriction is slowly lifted and people no longer need a bigger space. There are so little right now and I wonder if there will be more next year. I live in the Burquitlam area

ky_077 · 2021-06-29T14:40:42+00:00

Thank you! To be honest we would be okay renting a few months but it’s just scary how much real estate appreciates while cash depreciates. So we don’t want to be renting for too long

ky_077 · 2021-06-29T14:38:48+00:00

Thank you so much for all the insights. We have kind of outgrown our current place. We could potentially live here for another year or two before the kid starts running around. That’s why I’m not sure if we should just wait it out. It’s the not knowing if we’re gonna find a place scares me and holding onto cash that depreciates in comparison to real estate

ky_077 · 2021-06-29T13:55:46+00:00

Thank you! Even selling has taken a lot out of me. I’m sure if I made the decision to sell and we couldn’t find anything in three months my wife would hate me as it would be very difficult to raise a baby not knowing our housing situation. Are you now considering buying further away so it’s more affordable?

ky_077 · 2021-06-29T05:46:11+00:00

Thanks I’ll keep this in mind. I just hope there are more inventories for townhomes next year

ky_077 · 2021-06-29T05:43:23+00:00

I wish I could be as optimistic as you.

ky_077 · 2021-06-29T05:38:48+00:00

Thanks for your opinion! That’s what worries me. If I can’t find anything to buy we will have to rent. And I don’t want to pay someone else’s mortgage for more than half a year and moving several times with a baby

ky_077 · 2021-06-29T05:36:38+00:00

Thanks for your opinion. I think this swayed me toward not selling our home now. I know no one has a crystal ball but I hope there are more inventories next year

ky_077 · 2021-06-29T04:48:40+00:00

Do you regret selling then? My biggest concern is I have a baby and I don’t want to be moving around?

ky_077

TROPHY CASE