Activity in Metro Vancouver’s new multifamily home market was robust to end the year and is projected to continue in 2018. In the final quarter of 2017 an overall total of 4,276 new multifamily home sales were reported. Predominant purchasers this quarter were both end users taking advantage of pre ‘stress-test’ interest rates and investor buyers seeking pre-sale condominium product. This figure was up four percent from last quarter and was similar to the same quarter last year. Of note, projects in the Fraser Valley represented 42 percent of Fourth Quarter sales in Metro Vancouver which is nearly double the mark set the year prior. This trend is projected to continue.
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