The Royal LePage Home Price Update and Market Forecast was just released which includes price data and insights from experts in 64 real estate markets across the country, as well as national and regional forecasts. Greater Vancouver summary follows….. The aggregate price of a home in Greater Vancouver increased a modest 0.7 per cent to…
North Vancouver and West Vancouver 2025 property assessments show slight changes. Property owners receive their 2025 assessment notices the first week of January, an assessment which reflects the market value as of July 1, 2024. “Across the Lower Mainland and throughout BC, the overall housing market has generally stabilized in value for a second…
Our local real estate board just released its recap and looking ahead report: Metro Vancouver home sales registered a strong finish to cap off 2024 signaling strengthening demand momentum as we move into the new year. Looking at 2024, realtors registered over 26,561 home sales on the MLS in 2024. Sale activity had a…
North Shore‘s North Vancouver residential composite benchmark price was down -2.1% December 2024 from the same month the year before whereas West Vancouver was up 1%. Residential composite includes all property types including single family detached, apartments and townhomes. Visuals below shows the one year benchmark price change for each of the property types! …
West Vancouver (WV) 2024 apartment sales accounted for 31% of WV’s residential property sales in contrast to 49% in North Vancouver. Of the 641 WV 2024 residential property sales, detached homes accounted for 62%, apartments 31% and townhomes 7%. WV 2024 year-end residential sale totals were similar to 2023; 641 versus 633 respectively. Both West…
49% of North Vancouver‘s 2024 residential sale activity were apartments. Detached homes accounted for 32% and townhomes 19%. 2024 and 2023 year-end totals and % breakdown of property type sale numbers were similar. So was the NV’s Apartment House Price Index (year average). Check out the visual: Price metrics such as averages, medians, or…
As of January 1, 2025, the new BC Home Flipping Tax has added another layer of tax consideration for British Columbians who sell residential property within a short timeframe. This tax is in addition to the existing federal property flipping tax introduced by the Canada Revenue Agency (CRA) in 2023. The BC Home Flipping…
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…
Confused about the local housing market? Take a glance at the visual for West Vancouver house market activity the past couple of years; the trend of sales, new listings, inventory, Sales to Active Listings Ratio, Sales to New Listings Ratio and the House Price Index! Metrics used in real estate: Months of Inventory…
Here’s North Vancouver’s top five priciest homes according to the recently published BC Assessment for 2025, which reflects the market value as of July 1, 2024. 2250 Indian River Cres North Vancouver 16,354,000 (acreage) 205/500 Value rank out of Top 500 828 Beachview Dr North Vancouver 14,313,000 (waterfront) 328/500 788…
