Real estate slowdown?

(August 25, 2016, posted in BC Market Update)

Just released is the the British Columbia Real Estate Association (BCREA) 2016 Third Quarter Housing Forecast Update.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to climb 10.4 per cent to a record 113,000 units this year, eclipsing the previous record of 106,310 units in 2005. Housing demand is expected to moderate next year, with home sales declining nearly 8 pe... read more.

West Vancouver townhome market activity

(August 21, 2016, posted in West Vancouver Strata)

How is north vancouver's townhome activity doing?

(August 21, 2016, posted in North Vancouver Strata)

what's up with North vancouver apartment market?

(August 19, 2016, posted in North Vancouver Strata)

West vancouver apartment activity?

(August 19, 2016, posted in West Vancouver Strata)

north vancouver house market trend?

(August 19, 2016, posted in North Vancouver Homes)

west vancouver house market status?

(August 19, 2016, posted in West Vancouver Homes)

North shore real estate trends

(August 12, 2016)

Home sale trends has received so much attention!

For much of 2013 and 2014 Vancouver's North Shore which includes North Vancouver and West Vancouver, experienced balanced market conditions. This changed in the beginning of 2015 when demand began to surge along with prices.

As you can see in the graph* below residential sales began to shoot up over the next year and a half, culminating an all times m... read more.

market highlights - metro vancouver - july 2016

(August 10, 2016)

Homes sales returned to more typical, historical levels in Metro Vancouver last month.

Three key markets stats to know about today's market are sales, listings and price.

3,226 home sales registered in the region's MLS in July.  This is down approximately 27% from last month and approximately 19% below July 2015.

You can see in the graph below that last month's total closely aligned with the ten year... read more.

North shore real estate update - July 2016

(August 03, 2016)

In West Vancouver, there were 44 sales in the month of July. The sales to new listings ratio was 26% which represents a buyer’s market. For July 2016 the sales to total active listings percentage was 10%, a decrease from 16% in July 2015. Sales for July 2016 were down by 36 units compared to July 2015.

The West Vancouver listing inventory has increased by 24 homes compared to June 2016 and decreas... read more.

extra real estate tax

(August 02, 2016, posted in Canadian Newcomers, Non-Residents)

The 15 per cent tax on foreign buyers is effective today with strict non-compliance penalties.

This tax applies to foreign entities purchasing property in Metro Vancouver* once the transfer is registered at the Land Title Office – with no exceptions.

* The Greater Vancouver Regional District includes Anmore, Belcarra, Bowen Island, Burnaby, Coquitlam, Delta, Langley City and Township, Lion’s Bay, M... read more.

demand differences in 'north shore's' market

(August 01, 2016)

We are seeing broad home buyer demand on the North Shore today.  People are finding however the intensity of demand will differ in an area, neighborhood, property type and the balance between supply and demand.

Let's take a closer look!

West Vancouver is the higher end of our North Shore market however North Vancouver is not too far behind! The bench mark price for a West Vancouver detached home is... read more.