Eitel Insights’ long-term forecast for the Condo market in Vancouver: Eitel Insights has recently…
On where he sees the market right now:
Looking forward to 2019, Richard is bullish on the market. Domus will be looking to aggressively make acquisitions. Domus is looking to refill their pipeline. The local economy is still strong, driven by strong job growth and strong immigration. This signals to him that the market will continue to be strong with massive demand for housing. The housing market is still undersupplied, so additional supply is needed.
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Richard is the Principal & Co-Founder of Domus Homes, a developer in greater Vancouver. He was born and raised in the lower mainland, grew up in Ladner, South Delta. He is a Dad and spends a lot of his free time coaching soccer and spending time with his wife and kids. He graduated from the Sauder School of Business in 1992 and has been involved in the real estate industry ever since.