In West Vancouver, there was 14.8 months of inventory (MOI). This represents a buyer’s market based on MOI. Last month there was 13 months of inventory. The sales to new listings percentage was 17%, which represents a buyer’s market. In North Vancouver, there was 4.9 months of inventory. This represents a balanced market based on…
The key points in the following read include: Interest and fees increase the amount owed for property tax deferment. Seniors (55+), surviving spouses, persons with disabilities, and families with children are eligible for deferment. Interest rates vary by program, and interest is calculated using simple interest on the deferred amount, with no compounding. If you…
Interested to know more which cities property prices and valuations have fallen the most, where (further) corrections are imminent, and where price increases are continuing or could happen in the future? Check out the recent edition for UBS Global Real Estate Bubble Index 2023! Source of pdf and photo: UBS Insights
The B.C. government plans to incentivize homeowners to build secondary suites on their property with a new three-year pilot program. The Secondary Suite Incentive Program will help homeowners create affordable housing in their communities. The program will provide money to help homeowners create a new secondary suite on their property to be rented out for…
As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern. Sales The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,296 in August 2023,…
Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region. Sales The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,455 in July 2023, a 28.9…
Wildfires can be devastating for communities across our province, with potentially hundreds of fires burning at once. Before this happens, it’s important to understand what you should expect from your insurance. What to expect Trying to obtain fire insurance can be difficult in areas under the threat of wildfires. While insurance underwriters follow…
North Vancouver June active listing inventory was down for all property types compared to the same month last year. The one year change was -22.9%, -16.8% and -17.9% for detached homes. condos and townhomes respectively. Review of June sales shows sales were up for houses and condos and down for townhomes from a year ago.…
Recent stats from our local real estate board shows home prices continue to rise in Metro Vancouver’s housing market to kick off the summer. Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver increased in June as home buyer demand butted up…
Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives. While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in…
