After the “frenzy” if 2021 and a “big peak and valley’ in 2022, the president of Re/Max Canada tells Global News that next year could see “balance” return to the national housing market. But Christopher Alexander says how high the Bank of Canada drives interest rates, and when it pauses or returns to…
West Vancouver October stats recently released by our real estate board showed residential property sales decreased -47% from same month last year and up +14% from the month before. The October residential property House Price Index increased +2% from same month last year and up a bit from the month before, +1%. The total number…
190 North Vancouver residential property sales were recorded by the Multiple Listing Service® (MLS®) in October 2022, a decrease of -25% from October 2021. The MLS® residential property House Price Index (HPI) was $1,330,800, +2% increase from $1,305,200 recorded in same month last year. October residential property new listing levels were up +18% compared to…
In October, West Vancouver remained a buyer’s market based on sales to new listings. North Vancouver has changed from a buyer’s market to a seller’s market, based on sales to new listings. North Shore Market: Detached Homes October 2022 Detached Homes 2022…..2021 West Vancouver – October Sales 27…..60 Sales YTD 395…..603 Avg. Price YTD…
Inflation, rising interest rates create caution across Metro Vancouver’s housing market Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 1,903 in October 2022, a 45.5 per cent…
Our real estate board reports that a total of 128 North Vancouver residential property sales were recorded by the Multiple Listing Service® (MLS®) in September 2022, a decrease of -44% from September 2021. The MLS® residential property House Price Index (HPI) was $1,320,400, +1.5% increase from $1,301, 200 recorded in same month last year. September…
Stats recently released by our real estate board show West Vancouver is in a different market than earlier this year. Residential property sales decreased -41% from same time last year and down -41% from the 10 year monthly sale average. We’re likely in this market because interest rates have more than doubled since the…
Home sellers were more active in September while home buyer demand remained below the regions long term averages. Let’s take a closer look. Metro Vancouver Realtor®’s registered 1,687 home sales on the MLS® in September. This is a -46% decrease from this time last year and -36% below our 10 year sales average. Sellers new…
Home sellers were more active in Metro Vancouver’s housing market in September while home buyer demand remained below the region’s long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September 2022, a 46.4 per cent decrease from the 3,149 sales recorded in…
The root issue that drives housing prices almost always is supply and demand. Several factors influence supply and demand such as mortgage interest rates, inflation, employment, investment, construction, immigration, government assistance programs, and the health of local and world economies. Check out the supply and demand trend for West Vancouver‘s apartments:
