North Vancouver (NV) and West Vancouver (WV) commonality is location, that is, both are on Vancouver’s North Shore, however, their real estate markets differ!
The two visuals that follow, for 2024 vs 2023, shows the level of inventory more often stronger in WV as well as the House Price Index, whereas sales numbers are more often greater in NV. Furthermore, while one area’s house market trending in seller market conditions the other in the buyer market conditions.
There’s no denying our housing markets are complex.
If you are considering a 2025 move, buying and or selling, connect to understand your market and make a plan that works for you.
At the 2021 Canadian census conducted by Statistics Canada:
District of West Vancouver had a population of 44,122 living in 17,690 of its 18,795 total private dwellings, a change of 3.9% from its 2016 population of 42,473. With a land area of 87.18 km2 (33.66 sq mi), it had a population density of 506.1/km2 (1,310.8/sq mi) in 2021.
District of North Vancouver had a population of 88,168 living in 32,700 of its 34,179 total private dwellings, a change of 2.9% from its 2016 population of 85,649. With a land area of 160.66 km2 (62.03 sq mi), it had a population density of 548.8/km2 (1,421.3/sq mi) in 2021.
City of North Vancouver had a population of 58,120 living in 27,293 of its 29,021 total private dwellings, a change of 9.9% from its 2016 population of 52,898. With a land area of 11.83 km2 (4.57 sq mi), it had a population density of 4,912.9/km2 (12,724.4/sq mi) in 2021.
