Timing can influence your home’s selling price. Market conditions also vary by neighbourhood and housing type. Our local real estate board, Greater Vancouver Realtors (GVR) monthly housing market report summarizes the latest home sale, listing, and price trends. Keeping an eye on market conditions helps you understand the ebb and flow real estate prices. For…
In West Vancouver, there was 10.3 months of inventory (MOI). This represents a buyer’s market based on MOI. Last month there was 10.4 months of inventory. The sales to new listings percentage was 21%, which represents a buyer’s market. In North Vancouver, there was 3.6 months of inventory. This represents a seller’s market based on…
Confused about wat the new B.C. home flipping tax taking effect January 1, 2025 means to you, a Buyer? The BC home flipping tax webpage is your best source of information, and you can subscribe to the page to be notified about updates! Here are some scenarios for the tax that may help. Remember, the…
The Greater Vancouver real estate market in April witnessed a surge in new listings, with 11,800 properties available for sale. This represents the highest amount of available inventory in Greater Vancouver since May 2021, a welcome respite for buyers who have long grappled with inventory scarcity in the preceding years. April saw a strong 17%…
Actively listed homes for sale on the MLS® in Metro Vancouver1 continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020. Sales Greater Vancouver REALTORS® (GVR)2 reports that residential sales3 in the region totalled 2,831 in April 2024, a 3.3…
What’s happening to North Vancouver house prices and where are they headed? We are asked these questions every day by clients trying to understand whether it’s a good time to buy or sell. The MLS® HPI is the best and purest way to gauge home price trends. It takes housing quality into account, such as…
The Greater Vancouver real estate market has maintained its upward trajectory with increased sale prices and burgeoning market activity throughout the initial quarter of 2024. Presently, the average property in Vancouver commands a price of $1,318,535, which represents yearly price growth of 3.9%. Since the year’s commencement, home values have surged by 6%, equating to…
In West Vancouver, there was 10.4 months of inventory (MOI). This represents a buyer’s market based on MOI. Last month there was 9.4 months of inventory. The sales to new listings percentage was 28%, which represents a buyer’s market. The first quarter of 2024 had 92 sales compared to the first quarter of 2023 which…
The number of Metro Vancouver*homes listed for sale on the MLS® rose nearly 23% year-over-year, providing more opportunity for buyers looking for a home this spring. The Greater Vancouver REALTORS® (GVR) reports that residential sales3 in the region totaled 2,415 in March 2024, a 4.7% decrease from the 2,535 sales recorded in March 2023. This…
Check out Royal LePage® recent ‘Million Dollar Property Report’. The new report examines what a budget of approximately $1 million – give or take $50,000 – can buy in Canada’s major housing markets! Highlights On average, a $1 million property in Canada has 3.2 bedrooms and 2.1 bathrooms, while a $2 million property has 3.7…
