What’s happening to West Vancouver home prices and where are they headed?
REALTORS® are asked these questions every day by clients trying to understand whether it’s a good time to buy or sell.
To ensure you have the most accurate picture of home price trends, Real Estate Board of Greater Vancouver developed the MLS® Home Price Index (MLS® HPI) together with the Fraser Valley, Calgary, Toronto, and Montreal real estate boards and the Canadian Real Estate Association. We contracted with a third party, Altus Group, to build and maintain the MLS® HPI.
The MLS® HPI is the best and purest way to gauge home price trends. It takes housing quality into account, such as housing category, location, number of rooms, square-footage, etc., in a way that no other price-tracking method does.