2021 was a fascinating real estate year. Who would have thought the pandemic would play a significant role in the real estate market! Year end board stats showed North Vancouver and West Vancouver sales totals up as well as MLS® Home Price Index (HPI) for all property types (homes, townhomes and apartments). Check out the…
In West Vancouver, there were 41 sales in the month of December. The sales to new listings ratio was 113%, which represents a very strong seller’s market. For December 2021, the sales to total active listings percentage was 14%, a decrease from 18% in December 2020. Sales for December 2021 were down by 12 units…
2021 homes sales reached an all-time record high! Our real estate board reports that Metro Vancouver residential home sales in 2021 increased +42.2% from 2020, +73.6% increase from 2019 and +4% increase over the previous all-time sales record set in 2015. Steady, home listing activity did not keep pace with the record demand seen throughout…
BC Government Links First Time Buyers’ Program reduces or eliminate the amount of property transfer tax you pay when you purchase your first home New Home Registry provides the name of the builder or developer and contact information of the warranty provider Registry of Licensed Residential Builders (including Building Envelope Renovators) Search a particular builder…
West Vancouver November residential real estate numbers shows interesting trends! WV detached homes and condo’s MLS® HPI Benchmark Price increased +15.6%,and +2.3% respectively from same month last year. Of WV’s 35 neighborhoods*, Ambleside had 27 of the 44 November WV house sales. Balance of houses sales sprinkled throughout the other WV neighbourhoods. *Altamont, Ambleside, Bayridge,…
Our real estate board just released its latest economic analysis. It takes a deeper look at housing supply trends in Metro Vancouver* and the ratio of buyers to sellers that have been active in the market throughout the COVID-19 pandemic. *Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster,…
Several factors influence the housing market, including mortgage interest rates, inflation, employment, investment, construction, immigration, government assistance programs, and the health of local and world economies. All of these influence the supply and demand of the market which, in turn, affects prices. There are three classifications experts use to describe the balance of supply and…
As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supply of homes for sale continues to decline across Metro Vancouver’s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,428 in November 2021, an 11.9…
West Vancouver‘s sales-to-active listings ratio trend for different property types shows that market conditions vary by property type. Buyers’, sellers’, and balanced markets are terms that describe whether the market is putting upward, downward, or no pressure on home prices. Buyers’ markets typically occur when the sales-to-active listings ratio dips below the 12 per cent…
What’s going on in today’s West Vancouver housing market? The most recent REALTOR® Report, a monthly real estate snapshot released by our real estate board shows a drop of homes sales of approximately -4% from September to August, up +5% for apartments and up +166% for townhomes. The month-over-month sales decline or increases does not…
