North Vancouver activity snapshot for January compared to January 2024, shows total residential sales up +13.5% for homes, +30.2% for apartments and up +17.6% for townhomes. 73% of NV January house sales sold in the 1.5mil to 3mil range, 93% apartment sales in the $400,000 to $1,499,999 range and 90% townhome sales in the $900,000…
West Vancouver‘s activity snapshot for January shows home total sale numbers up +13.3%, active listings down -2.4%, days on market down -12.6% and MLS® HPI Benchmark Price up +2.4% compared to same month the year before. January apartments sales were up +83.3%, active listings up +16.9%, days on market down -17.3% and MLS® HPI Benchmark…
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! …
West Vancouver (WV) 2024 apartment sales accounted for 31% of WV’s residential property sales in contrast to 49% in North Vancouver. Of the 641 WV 2024 residential property sales, detached homes accounted for 62%, apartments 31% and townhomes 7%. WV 2024 year-end residential sale totals were similar to 2023; 641 versus 633 respectively. Both West…
49% of North Vancouver‘s 2024 residential sale activity were apartments. Detached homes accounted for 32% and townhomes 19%. 2024 and 2023 year-end totals and % breakdown of property type sale numbers were similar. So was the NV’s Apartment House Price Index (year average). Check out the visual: Price metrics such as averages, medians, or…
In a stunning, half-way reversal, the B.C. government announced today 2 recent changes to the Residential Tenancy Act (RTA) as they relate to buyers of tenanted properties. The initial changes laid out in Bill 14, which came into effect on July 18, 2024, required four months’ notice – instead of the previous two months’ notice…
Recent amendments to BC’s Residential Tenancy Act, RTA, affect landlords, as well as purchasers of tenanted properties! New rules around evictions require BC landlords looking to evict tenants for personal or caretaker use to use a new ‘Landlord Use Web Portal‘ website to create Notices to End Tenancy started July 18, 2024. The Landlord Use…
Are you thinking of making a move? Let the following data from our real estate board help you with your decision making. September saw North Vancouver detached homes, condos and townhome sales increase +6%, +47.4% and +40% respectively, compared to same time last year. One-year change re MLS® HPI Benchmark Price improved +8.5%, +4% and…
The current housing market in Greater Vancouver presents a timely opportunity for astute buyers. As interest rates have risen over the past year, the average home price has experienced downward pressure, leading to a decrease in the average cost of housing and the potential to build equity in the longer term for those willing to…
Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sales recorded in January 2022, and a 21.1…
