After months of tracking approximately twenty per cent below the ten-year seasonal average, Metro Vancouver home sales surged more than 30 per cent year-over-year in October. The Greater Vancouver REALTORS® (GVR) reports that residential sales registered on the Multiple Listing Service® (MLS®) in the region totalled 2,632 in October 2024, a 31.9 per cent increase…
North Vancouver September 2024 active listing totals were up and sales totals down for all property compared to same month in 2023. 18/46 NV house sales were in the $1,500,000-$1,999,999 range and 21 in the $2,000,000-$2,999,999 range in contrast to 49/71 November condo sales were in the $400,000-$899,999 range and 18 in the $900,000-$1,499,000 range.…
What Is Radon? Radon is an odorless, invisible gas that seeps up through the ground and can enter a home through unsealed foundations, cracks in the foundation, gaps in construction materials, and plumbing system components, including sump pumps or drains. Radon gas is also a product of uranium decay. Like uranium, it is radioactive; unlike…
Three major changes have just been announced by the Department of Finance that will positively impact buyers! Effective Dec 15th, 2024: 1. Cap on insured mortgages increasing from $1M to $1.5M. – currently it’s not possible to buy for over $1M with less than 20% down. – with this change, it will be possible to…
If you are wondering what’s going on with North Vancouver residential property prices, your definitely not the only one! With so much information out there for buyers and sellers, it is hard to figure out your next move. Find a ‘snapshot’ below to help clear things up and show you what’s really happening! For this…
Our local real estate board just released stats showing home sales registered on the MLS® in Metro Vancouver remained below their ten-year seasonal averages in August as summer holidays come to a close. Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,904 in August 2024, a 17.1 per cent decrease from…
Detailed stats were released by our local board, Greater Vancouver Realtors® (GVR®) showing North Vancouver May home sales and active listing numbers were strongest in the $2mil to $2.999mil; 59% and 44% respectively. NV neighborhoods with the most active listings and sales numbers included Lynn Valley, Boulevard & Upper Lonsdale house market, Lower & Central…
The number of transactions on the Multiple Listing Service® (MLS®) declined in May compared to what is typical for this time of year in Metro Vancouver. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed on the MLS® in the region. The…
Royal LePage just released its ‘2024 Most Affordable Canadian Cities‘ report. The report says half of residents in Canada’s largest urban centers are eyeing a move to more affordable real estate markets! The report highlights include: Thunder Bay tops the list of most affordable cities in Canada. Of the 15 most affordable cities in Canada,…
First introduced in 1987, British Columbia’s Property Transfer Tax, (PTT), is a land registration tax paid by a property buyer or owner when a property title is registered at the Land Title and Survey Authority (LTSA). The PTT is based on the fair market value of the property being transferred whether or not money changes…
