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North Vancouver Apartment and Townhome Market Trend

Blog by June Conway | January 27th, 2019

The true direction of the 2019 North Vancouver's attached house market which includes apartments and townhomes remains unclear.  Year-to-date shows 27 sales with 5 days left to catch up to previous January attached homes sales: 101 in 2018, 69 in 2017, 97 in 2016, and 76 in 2015.

2018 factors influencing both the detached and attached house markets in North Vancouver, West Vancouver as well as other Metro Vancouver areas include rising interest rates, introduction of the a speculation tax, changes to the BC Residential Tenancy Act, an increase in the transfer tax and foreign buyer tax and tougher mortgage qualifications   No doubt  2018 factors will continue to affect 2019 property markets.

For an easy glance at North Vancouver’s strata market trend the first four weeks of 2019 find the graphic below: