Vancouver’s real estate market is hotter than ever, and the hosts of Love It or List It Vancouver don’t see things cooling off anytime soon.
“Demand is high and supply is low, and it can be hard to find property right now,” said Todd Talbot, real estate expert and co-host. “I’m a Vancouver boy, so I believe in the fundamentals of this market. It’s hard to believe that people will ever stop wanting to live in this city.”
Season 3 of Love It or List It Vancouver returns to the W Network on February 8 for 13 more episodes showcasing Vancouver homeowners faced with one of the biggest decisions of their life, can they stay in their existing home and learn to love it or should they pack it in and list it?
“Renovations can be a pain, so we help families get it done,” said Jillian Harris, designer and co-host. “It comes down to functionality for a lot of families, so open concept living. Each season gets better as Todd and I get to know each other and the crew better.”
Home buyer activity across Metro Vancouver remains at near-record levels. According to the Real Estate Board of Greater Vancouver, January 2016’s sales rank as the second highest January on record. The estimated price of an average home across Metro Vancouver leaped nearly 28 per cent to just under $1.3-million from January 2015.
“I can’t imagine Vancouver getting any more expensive,” said Harris. “I’m very scared to purchase right now.”
“Anytime real estate is so expensive, you see people staying where they are,” added Talbot. “Love It or List It Vancouver is a great opportunity to see different ways to renovate a Vancouver fixer upper.
“Buying wisely trumps all. Take your time, don’t overspend, and look for places where there will be growth.”
All-new episodes of Love It or List It Vancouver Season 3 begin February 8 at 10:00 p.m. on the W Network.