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…
According to the most recent provincial property assessments, Vancouver, Whistler and West Vancouver had the most number of highly valued properties. B.C. Assessment, the Crown corporation that values and classifies real estate in the province just released on Thursday, January 2, 2024, the latest data from its property assessments dated July 1, 2024. The top…
Metro Vancouver home sales registered on the Multiple Listing Service® (MLS®) rose over thirty per cent in December, compared to the previous year, signaling strengthening demand-side momentum to close out 2024. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totaled 26,561 in 2024, a 1.2 per cent increase from the 26,249…
“Home sales across the province continued the normalizing trend that began in October,” said BCREA Chief Economist Brendon Ogmundson. “The surge in activity this fall sets up 2025 for a much stronger start than we’ve seen in the last two years.”
The new insured mortgage rule changes have come into effect now and here is your guide to them! 1. Cap on insured mortgages increasing from $1M to $1.5M – with this change, it will be possible to buy a primary residence upto $1,499,999 and not have to put down 20% – minimum down payment rules…
