imbalance between supply & demand

(May 17, 2017, posted in BC Market Update)

The British Columbia Real Estate Association (BCREA) reports that a total of 9,865 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, down 23.9 per cent from the same period last year. Total sales dollar volume was $7.19 billion, down 25.4 per cent from April 2016. The average MLS® residential price in the province was $728,955, a 2 per cent decrease from the sa... read more.

steps if your house floods

(May 15, 2017, posted in Tips)

There are many reasons why your house might flood: Heavy rains, spring run-off from a rapid snow melt, a sewage back up, a broken pipe or even an appliance overflowing. The amount of water could be minimal and confined to a small area, or it could be several inches deep covering your entire basement. Either way, the potential for damage is the same and you need to take it seriously.

Most homeowners... read more.

North Vancouver apartment appeal

(May 12, 2017, posted in North Vancouver Strata)

west vancouver apartment demand

(May 12, 2017, posted in West Vancouver Strata)

North Vancouver house market activity

(May 11, 2017, posted in North Vancouver Homes)

west vancouver's house market dynamics

(May 11, 2017, posted in West Vancouver Homes)

north shore market update

(May 03, 2017, posted in North Shore)

For the month of April, John Jennings of Royal LePage Sussex-John Jennings reports that in West Vancouver, there were 66 sales. The sales to new listings ratio was 41% which represents a balanced market. For April 2017 the sales to total active listings percentage was 16%, a decrease from 32% in April 2016. Sales for April 2017 were down by 47 units compared to April 2016.

The West Vancouver listi... read more.

condominiums & townhomes in demand

(May 02, 2017)

Demand for condominiums and townhomes continues to drive the Metro Vancouver* housing market.

Residential property sales in the region totalled 3,553 in April 2017, a 25.7 per cent decline compared to April 2016 when 4,781 homes sold and a 0.7 per cent decrease from the 3,579 sales recorded in March 2017.

April sales were 4.8 per cent above the 10-year average for the month.

For the first four months... read more.