July 30, 2020
Kin Collection is a community of townhomes, city homes, and garden flats in Burnaby, BC proudly developed by Beedie Living. Register to learn more.
There have been several lifestyle adjustments in the past few months, such as social distancing and wearing masks, we are happy to report that real estate is finding renewed strength amongst change.
“Over the last three months, home buyers and sellers have become more comfortable operating within the physical distancing and other safety protocols in place,” said REBGV Chair Colette Gerber in a recent news release. In fact, June 2020 saw a 64.5% increase in home sales from May 2020 and a 17.6% increase in home sales from June 2019. Throughout May and June, townhomes proved to be the most in-demand housing type.
This is why now is the perfect time for Kin Collection, Beedie Living’s upcoming South Burnaby townhome community — a diverse collection of family-centred homes arranged around an expansive green space.
What’s instigating real estate’s growth during a pandemic? There are several factors involved. For starters, mortgage rates are currently exceptionally low, which puts more purchasing power in the hands, or bank account, of the buyer.
“We’re seeing strong rates from big banks, from small banks, credit unions, and trust companies so there’s a lot of really good options out there,”
– says James Laird, co-founder of RateHub.ca. It’s an incredible opportunity to get into the market for the first time or to upgrade your condo to a townhome. With more people working from home and kids out of classrooms, the home has added the roles of office and school to its repertoire. As they spend more time there, families are reconsidering what home means to them and what is most valued. Additional space and better functionality have never been more desired. Rooms and nooks that can multi-task for work, play, and life are on the list of must-haves. Townhomes are the answer.
In British Columbia, we are fortunate to have moved through the re-opening phases with responsibility, allowing Presentation Centres to safely welcome visitors again. “REALTORS® continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way,” says Gerber.
confident under the guidance of Dr. Bonnie Henry and Minister of Health Adrian
Dix — we’re in great hands.
When our Kin Collection townhome presales launch this fall in Burnaby, we look forward to welcoming homebuyers into a safe and healthy Presentation Centre environment, or, if preferred, homebuyers can experience virtual tours. Flexibility is becoming an ever-important characteristic in home and in lifestyle.
Kin Collection by Beedie Living features the 3-4 bedroom Parkside & Boulevard Townhome Collection, the 2 bedroom City Home and the 2 bedroom Garden Flat. Kin Collection is located in South Burnaby, close to Metrotown, and a short walk to Royal Oak SkyTrain station.