What’s going on in today’s West Vancouver housing market? The most recent REALTOR® Report, a monthly real estate snapshot released by our real estate board shows a drop of homes sales of approximately -4% from September to August, up +5% for apartments and up +166% for townhomes. The month-over-month sales decline or increases does not…
Monthly, our real estate board provides a snapshot of North Vancouver market activity for different property types (houses, apartments and townhomes). It’s a super helpful real estate snapshot to determine whether the timing is right for you to sell and or buy! How so? Welcome your follow-up to discuss: [email protected] North Vancouver Real…
The MLS® HPI is a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices. A mean average is the average price obtained by dividing the total dollar volume of sales by the number of sales. To get a median price, all…
What’s happening to West Vancouver home prices and where are they headed? REALTORS® are asked these questions every day by clients trying to understand whether it’s a good time to buy or sell. To ensure you have the most accurate picture of home price trends, Real Estate Board of Greater Vancouver developed the MLS® Home…
In West Vancouver, there were 41 sales in the month of September. The sales to new listings ratio was 25% which represents a buyer’s market. For September 2021, the sales to total active listings percentage was 9%, a decrease from 15% in September 2020. Sales for September 2021 were down by 23 units compared to…
Be the first to know! Check out our real estate boards monthly housing market reports to get the most up-to-date statistics and to hear our perspective on what the latest buying and selling trends mean for you. Home sale activity remains elevated across Metro Vancouver’s* housing market while the pace of homes being listed for…
You can start your search for your next home in West Vancouver and or North Vancouver on two platforms displaying residential listings from REALTORS® which includes REALTYLINK.org and REALTOR.ca or reach out to June Conway via [email protected]! What is the difference with two net platforms? REALTYLINK.org gives you access to homes listed for sale on…
This is a question that many Canadians ask themselves before entering the housing market. Home ownership can be advantageous in several ways. An owner has more stability and flexibility than a renter, as there is no landlord imposing restrictions or timelines. There are also financial benefits to owning your own home. In an effort to…
Mortgage interest rates, inflation, employment, investment, construction, immigration, government assistance programs, and the health of local and world economies are factors that can impact the housing market. All of these influence the supply and demand of the market which, in turn, affects prices. There are three classifications experts use to describe the balance of supply…
Effective January 1, 2022, the federal Budget 2021 announced the government’s plans to implement a national, annual one-per-cent tax on the value of non-resident, non-Canadian owned residential real estate that’s vacant or underused. The government is finalizing draft legislation for the proposed underused housing tax (UHT). They’re releasing a draft later this year and will…
