On the one hand, RBC Economics headlined its analysis of the figures: “A stable market isn’t a bad thing.” While downward pressure on prices was evident in Greater Vancouver, RBC said sales volumes were largely flat compared with a month earlier and confirmed its stance that the national housing market had “passed its cyclical bottom.”
The District of Mission – 80 kilometres east of downtown Vancouver – has started the transformation of the largest private land parcels in the Lower Mainland, a total of more than 4,400 acres. The end result will be ongoing development that will create a new Fraser Valley community and double Mission’s population.
The average completion time of a single-family house is around 8 to 10 months, from the time of Excavation to finish the construction, according to the 2019 Survey of Construction (SOC) from the Census Bureau.
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