OUTLOOK 2021: CONTINUED STRENGTH
The real estate market was one of the few bright spots in the Canadian economy for 2020. The real estate market was soft in 2018 with year-over-year sales down nearly -5% and the average sale price of a residential property down -4.1%. The decline in housing prices, lower mortgage rates, continued population and economic growth, led many prospective buyers to return to the real estate market in the latter part of 2019 and early 2020. Some areas of the country experienced positive gains in prices and sales. After the initial shock
of the Covid-19 pandemic and associated restrictions and lock-downs in March and April, the real estate market found its footing and went on a record-setting pace for the remainder of 2020.
John, and now his partner, Johnny, put the PROFESSIONAL in Real Estate Professional. Our house sale in the Sooke area went so well, so quickly, and so seamlessly because of our complete faith in John Vernon. His reputation preceded him, and it enabled us to concentrate on all the other details necessary for our move to Alberta while John took care of everything to do with the house sale. His relaxed, friendly manner coupled with immediate response to questions and concerns, made him so easy to work with. I know we were fortrunate to have the very best of the best in the Real Estate field. We also met John's son, Johnny, before we left, and can see what a great team they will make. To anyone in the Victoria area who is contemplating selling your home, make life easy for yourself and call John or Johnny Vernon. You just can't do any better than having them on your team.