MARKET CHAT: WINTER 2016



A Year for the Record Books

2015 was a record year for the Metro Vancouver real estate market. MLS sales reached record highs and Polygon also experienced the most sales in our company’s thirty-six year history! We are thrilled that over 1,650 families made the decision to buy a new Polygon home this last year.

True North Strong and Free

We are fortunate to reside in a country and a province that is considered one of the safest and best places to live in the entire world. Our stable political climate, a beautiful and clean natural environment, world class education and healthcare programs are the envy of people elsewhere and the reason that so many of us choose to live here.

We congratulate Prime Minister Justin Trudeau on his recent election victory, applaud his debut on the global stage and also his decisiveness in opening our country to thousands of refugees from war-torn Syria. We are excited to learn more about his government’s initiatives for investment in British Columbia and hopeful that this will lead to further economic expansion, ensuring our province remains one of the country’s brightest performers.

Affordable Housing

The debate around housing affordability continues for us in the Metro Vancouver area. Signature homes in elite neighbourhoods continue to sell at shockingly high values and every day there are stories in the media about the high cost of housing.

Despite numerous claims that Vancouver is overvalued, there actually is a wide range of both new and used townhomes and apartments in the market at attractive price points for first-time buyers. Combined with a stable and low rate mortgage environment, many buyers took their first step into homeownership in 2015. While their first purchase might not be a single-family dream home, it is the best way to start building equity for the long run, perhaps enabling them to transition to a larger home in the future.

Looking Ahead for 2016

At Polygon, we’re excited and confident about the coming year. Our construction crews are hard at work across Metro Vancouver as we gear up for a busy 2016 with plans to begin construction on more than 1,800 new homes.

We are particularly excited about Hampton Cove, our new master-planned community located in the riverside community of Ladner. This spring, we will be introducing Charterhouse, the first collection of townhomes to be offered in the community which will include a private residents clubhouse.

The Polygon Difference

Over the last thirty-six years, more than 26,000 families from across the Lower Mainland have chosen to live in a Polygon home. From first-time buyers starting out, young families upsizing, or empty nesters contemplating retirement; more home buyers in British Columbia start with a Polygon Home. Visit here today to explore our new home communities!