With demand outpacing supply, Royal LePage adjusts forecast upward following stronger-than-expected start to 2023. Royal LePage is forecasting that the aggregate price of a home in Canada will increase 4.5% in the fourth quarter of 2023, compared to the same quarter last year. The previous forecast has been revised upward to reflect an earlier-than-expected boost…
A House Price Survey was just released by Royal LePage. According to its regional summaries, the aggregate price of a home in Greater Vancouver increased 2.4 per cent year over-year to $1,250,200 in the third quarter of 2022. On a quarterly basis, the aggregate price of a home in the region decreased 4.7 per cent;…
Through out the pandemic the MLS® Home Price Index (MLS® HPI) rose for all North Shore property types. North Vancouver MLS® HPI 2020 year average was up +6.9% from 2019 and West Vancouver was up +3.3%. 2021 NV detached home MLS® HPI year average was up +17.7% from 2020 and WV was up +17.1%. …
A measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices is the MLS® HPI. West Vancouver detached house benchmark price ended 2021 at $3,224,500 despite a full year of COVID-19 impacts. It was -4% below the record monthly high of $3,365,600,…
