If you’re thinking of making a move, one of the biggest questions you probably have right now: what’s happening with West Vancouver home prices? September MLS® House Price Index for detached homes was $3,281,800, up: +0.2% from August, +0.2% same month a year ago, +17.8% 3 years and +12% from 5 years ago. Glance through…
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…
Our local real estate board reports month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region. Sales The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the…
The key points in the following read include: Interest and fees increase the amount owed for property tax deferment. Seniors (55+), surviving spouses, persons with disabilities, and families with children are eligible for deferment. Interest rates vary by program, and interest is calculated using simple interest on the deferred amount, with no compounding. If you…
The B.C. government plans to incentivize homeowners to build secondary suites on their property with a new three-year pilot program. The Secondary Suite Incentive Program will help homeowners create affordable housing in their communities. The program will provide money to help homeowners create a new secondary suite on their property to be rented out for…
As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern. Sales The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,296 in August 2023,…
Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region. Sales The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,455 in July 2023, a 28.9…
Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives. While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in…
Something that’s been catching my eye in the market data in recent months is the lack of new listings coming to market, especially as we enter the full swing of the spring market. This trend has had some knock-on effects, such as slower sales (since you can’t sell what’s not listed), and I’ve noticed “housing…
The BCREA (British Columbia Real Estate Association) reports that a total of 7,427 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in April 2023, a decrease of 17.7 per cent from April 2022. The average MLS® residential price in BC was 995,506 down 5.6 per cent compared to the average price of…
