real estate activity increasing

June 15th, 2020
Home buyer activity is increasing on Realtylink.org (Realtor.ca).

Home buyers are searching Realtylink.org, our Board’s public-facing home listings site, at a much higher rate compared to last month and last year.

Visitors to the site increased 13 per cent in the first half of June compared to the same time period in May 2020. Compared to the first two weeks of June 2019, traffic is up 30 p ...

Local Stats at a Glance

May 26th, 2020
NORTH VANCOUVER 
SALES

April 2020
Detached: 33 
Average Price: $1,780,000
Attached: 53
Average Price: $903,000
April 2019 
Detached: 67
Average Price: $1,840,000
Attached: 126
Average Price: $799,00
WEST VANCOUVER 
SALES
April 2020
Detached: 18
Average Price: $3,154,000
Attached: 4
Average Price: $927,500
April 2019
Detached: 35
Average Price: $3,1 ...

covid-19 and the housing market

April 24th, 2020
Covid-19 poses challenges for the real estate market.  Industry experts vary on projections.  Snippets of what some are saying include:
  • 'housing sector will crater this April'
  • 'significant market downturn'
  • 'if lockdown measures and the recession last longer than expected, downward pressure on prices is going to build up across the board',
  • 'housing market will experience a serious slowdo ...

covid-19 and real estate

April 20th, 2020
The Canadian economy has weathered three recessions in the past 40 years, each unique in cause, depth and duration. However, there is considerable similarity in how the BC housing market has both endured and recovered from those recessions.In this market intelligence, we examine the impact of past recessions on the BC housing market and provide preliminary projections on how COVID-19mayimpact ...

Current Market affecting West Vancouver and North Vancouver Owner's Equity

May 23rd, 2019
Reality is homeowners have seen a downturn in home equity resulting from government intervention re provincial property taxes that have been implemented over the past year, including the speculation and vacancy tax, the increase in the foreign buyers tax and the federal mortgage stress test.

Take a look at the infographic below showing recent equity loss in 15 Metro Vancouver areas including B ...