Despite continuously rising prices, first-time homebuyers are still finding ways to get into the market, real estate firm Re/Max said in a report Tuesday.
Even if it means sacrifices such as purchasing a smaller property, taking longer to pay it off, or living in a less-than-ideal location, buyers "remain steadfast in their determination to purchase a home," the report said.
In B.C., that is still translating into some multiple offers, and homes selling over asking price, said Karel Palla of Vancouver-based Re/Max Select Properties. But these are much fewer in number as "we head toward more normalcy," he said.
