Find it confusing when your on a home search mission, driving realtor.ca or realtylink.org? All you’d like to do is focus on specific West Vancouver and or North Vancouver neighborhoods for your next address but uncertain about neighborhood boundaries? This might help! Our real estate boards most current neighborhood boundaries for West Vancouver totals 36…
47 West Vancouver home* sales were registered on MLS® in July 2022. This is a -43% decrease from this time last year (YOY) and is -38% below our 10 year average. WV sellers listed 145 homes on MLS® last month. That’s a -8% decrease from last year and -27% decrease from last month. This brings…
Our real estate boards new Director of Economics and Data Analytics when asked ‘In your opinion, what economic indicators are the most telling about what’s happening in the real estate market?’ Andrews Lis replied: “I think most people would focus on average (or median) prices and sales volumes. We certainly see lots of discussion about…
With interest rates and housing supply increasing North Vancouver home buyers are operating in a changing market place. Let’s take a closer look! MLS® stats show North Vancouver had 174 home* sales in July 2022. This is a -30% decrease from this time last year (YOY) and is -20% below North Vancouver’s 10 year monthly…
Chartered banks recently raised their posted mortgage rates in response to higher bond yields. A home buyer with less than a 20 per cent down payment is required by the federal Office of the Superintendent of Financial Institutions (OSFI) to obtain an insured mortgage and pass a stress test. This stress test adds an additional…
BC’s provincial government recently introduced a home buyer protection period, the details of which are outlined in a new regulation that allows home buyers to back out of a residential purchase up to three business days after signing a contract. The government will begin to enforce this regulation starting January 1, 2023. The province claims…
Buyers poised to benefit from moderating prices and reduced real estate sales activity! In July, sales activity continued to slow as compared to 2021. Prices also continued to moderate following the peak seen in March 2022, however, benchmark prices in the Greater Vancouver Area remain ahead of last year by a significant margin. The…
Royal Lepage just released a ‘House Price Update and Market Report‘. It includes price data and insights from experts in 62 real estate markets across the country, as well as national and regional forecasts. Key highlights from the release include: • Royal LePage reduces national home price forecast to +5.0% in fourth quarter of 2022;…
Much like in May, June was again a buyer’s market in West Vancouver based on sales to new listings. In North Vancouver, June was once again a balanced market, based on sales to new listings. For a full picture of the today’s housing market reach out to [email protected] 604-790-1900
In North Vancouver sales numbers for most property types were down in June compared to same month last year and from May 2022. Detached homes sale totals were down -47.5% from same month last year and -21.25% from May 2022, apartments -28.1% and -37.01% respectively. NV townhomes June sale activity was down -32.2% from June…
