Our real estate board reports that residential property sales in West Vancouver was down approximately 34% and 13% from sales recorded in 2021 and 2020 respectively.
Last year’s sales total was approximately 25% below the 10-year sales average. This sale activity trend was similar to North Vancouver.
“The headline story in our market in 2022 was all about inflation and the Bank of Canada’s efforts to bring inflation back to target by rapidly raising the policy rate. This is a story we expect to continue to make headlines into 2023, as inflationary pressures remain persistent across Canada,” Andrew Lis, Real Estate Board of Greater Vancouver’s director, economics and data analytics said.
Scroll through five pages of a more detailed snapshot of West Vancouver property stats which includes detached homes, condos and townhomes:JuneConway2022-12-31West-VancouverStats