Improved real estate market momentum predicted in the just released Greater Vancouver REALTOR® 2025 H1 Residential Market Forecast. Key forecast highlights Fundamental factors that drive our market such as household formation, population growth, and employment growth will remain fairly strong. Lower borrowing costs are likely to further spur homebuyer demand. Inventory levels for each market…
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…
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! …
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…
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…
North Vancouver November homes for sale and home sales were up +10% and 0.0% respectively, from same month in 2023. In contrast, the one-year change for condos was up +26.3% and +34.5% and townhomes, +4.5% and -0.1%. The MLS HPI Benchmark Price one-year change for all residential properties did not change much; homes -1.5%, condos…
West Vancouver detached homes and condo activity has been trending pretty much in ‘buyer market territory’ and ‘balanced market conditions’, respectively, the past twelve months. November home sales totaled 32, predominately in Ambleside, Lions Bay and Caulfeild where as November condos sales totaled 11 of which 9 were in Ambleside, 1 in Park Royal and…
