October 2020

When it comes to real estate, the ideal time to sell your home often falls in the spring months, or is it?

After all, many people hunker down during the winter months or are too busy with the holidays to think about purchasing a new home. And don't forget, people like to start shopping in the spring to make sure they are settled in their home before the start of a new school year.

On the other hand, some people do need to sell over the holidays, and some buyers have no alternative but to buy a home during the holidays. Whether or not it's best to keep your home on the market will come down to personal preference, but there are some benefits and drawbacks you should consider as you make your decision.

The best time to sell a house, by the numbers

The B.C. Real Estate Association's latest housing forecast was released Tuesday and shows that while sales in 2020 did fall to "historic lows" in April, they have since rebounded to pre-pandemic levels and even puts the year on track to outdo 2019 sales.

Among the industries still grappling with the impacts of COVID-19 this year, the B.C. housing market is not one of them.

The Canadian real estate market dipped in April this year, amid the lockdowns and economic impacts brought about by COVID-19. Although the pandemic stopped what was predicted to be a strong spring 2020 market, transactions started to pick up around May and June.

The B.C. Real Estate Association’s latest housing forecast was released Tuesday and shows that while sales in 2020