NuTerra Digital Solutions Inc. is Watching BC Home Sales Trends

The housing market remains elevated despite a slight decrease in home sales and prices after a record peak in March 2021.
By: NUTERRA DIGITAL SOLUTIONS INC.
 
VANCOUVER, British Columbia - June 25, 2021 - PRLog -- Canada's real estate market is booming. A total of 15,073 homes were sold in BC in March. This beats the previous record of 13,482 in May 2016. The reasons for that are low-interest rates and changing living preferences due to the pandemic. As far as Vancouver is concerned, the Real Estate Board of Greater Vancouver reports that sales are also easing down from record peaks in March. In May, there were 4,268 homes sold. It is a 13% decrease from the 4,908 homes sold in April 2021. But at the same time, it is a 187% increase from the 1,485 sales in the same period in 2020. The month's sales were 28% above the 10-year sales average for May. BC home sales forecast to drop in 2022 from the waning pandemic, but the deals will stay high anyway due to affordable interest rates and immigration plans.

There's no such thing as a stress-free home purchase. Nevertheless, finding a trustworthy real estate agent can make the process easier and ensure people get the right advice as they move through the process. More than 41 percent of Canadians say they are not knowledgeable about buying or selling real estate. NuTerra, the Vancouver-based startup, is developing a digital platform that allows non-residential sellers and buyers to match their listings, preferences and budgets in order to find the best options for real estate purchase and sale. NuTerra is familiar with many of the problems that users of this process could encounter. That's why the company envisions a system that will provide convenient, simple and accessible tools which connect all participants in one place, managing their progress and successfully closing the deal.

About NuTerra Digital Solutions Inc.: NuTerra is a Vancouver based digital platform that connects qualified homebuyers with vendors of mortgaged properties. NuTerra assists home sellers to achieve high market value for their properties, secured by the property while assisting prospective home buyers with unique "rent to own" lending solutions. (https://nu-terra.com)

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Tags:Software
Industry:Real Estate
Location:Vancouver - British Columbia - Canada
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