In West Vancouver, there were 8.2 months of inventory (MOI). This represents a buyer’s market based on MOI. The sales to new listings percentage was 39%, which represents a balanced market.
In North Vancouver, there were 2.6 months of inventory. This represents a seller’s market based on MOI. The sales to new listings percentage was 48%, which represents a balanced market.
Good info for buyers: On Monday, the Government of Canada announced a series of amendments to the foreign buyer ban. Learn more here.
Good info for homeowners: Canada’s Underused Housing tax. Read more here.
Prepared by: John Jennings Royal LePage Sussex-John Jennings
