In the past year, every industry imaginable faced challenges of sorts. BC’s real estate market, in particular, anticipated a decline at the beginning of the COVID-19 crisis with an uncertainty of what would follow.
Nevertheless, by the end of 2020, home sales across the province were up by 35.6% when compared with figures reported in 2019. Coming into 2020, no developer could have anticipated such drastic fluctuations in the market or the resulting impact.
RC at CF Richmond Centre, a 27-acre master-planned community by Cadillac Fairview and SHAPE, launched during this unprecedented time, and the response the project received surpassed what the market thought was possible.