Back to school in September traditionally has big effect in Vancouver real estate. How about 2021?
As international students return to school, the housing market heats up and it does have direct effect in real estate activities. Traditionally, September is similar to spring in real estate, when students return to school, gove the parents more active time to search for homes and it increases web searches and in person viewing of Vancouver homes for sale.
Also, now that the border is opening up, fully vaccinated foregn national students returning back to in-person classes. Overall, Canada expect 300k international students by the beginnning of the school year, and these students require a place to live. in 2021 Canadian government issued 44% YoY student visa. Students return and these numbers, mean more home demand toward near colleges and universities and consequently, this attracts investors for pre-sale and or residential units, using their investment for student rental.