The Real Estate Board of Metro Vancouver reports: In February, home buyers in North Vancouver remain active in all categories, however, home buyers across other Metro Vancouver cities are showing caution around property prices, new mortgage rules, rising interest rates and new tax rules. This buyer caution is mainly target at detchaed properties, while the supply of apartment and townhome properties is still unable to meet demand. Spring is traditionally the busiest time of year for home buyers and sellers inour market. We'll wait to see how they react to the taxes and other policy measures that our provincial and federal governments have introduced so far this year."
The key to success in any market is to be well prepared. My top priority is to help you navigate these changes in all types of market conditions. If you are planning a change in lifestyle, let's work together to make it happen. I look forward to working for you. Regards, Dodi 604.644.3634
The MLS® HPI Benchmark Price of residential properties in February 2018 vs February 2017 were:
- Metro Vancouver: +8.2% for a single family home, +27.2% for a condo, and +18.2% for a townhome
- North Vancouver: +6.7% for a single family home, +24.3% for a condo, and +14.3% for a townhome
- West Vancouver: +5.9% for a single family home and +26.2% for a condo
- Coal Harbour +17.1% for a condo
- Metro Vancouver's Detached properties is a buyer's market at 12.4% with 628 sales out of 5,061 listings
- Metro Vancouver's Condo properties is a seller's market at 58.4% with 1,188 sales out of 2,034 listings
- Metro Vancouver's Townhome properties is a seller's market at 40.7% with 342 sales out of 841 listings
- North Vancouver Detached properties is a balanced market at 17.9% with 58 sales out of 324 listings
- North Vancouver Condo properties is a seller's market at 62.4% with 88 sales out of 141 listings
- North Vancouver Townhome properties is a seller's market at 39.1% with 18 sales out of 46 listings
- West Vancouver Detached properties is a buyer's market at 5.9% with 24 sales out of 494 listings
- West Vancouver Condo properties is a balanced market at 19.4% with 12 sales out of 62 listings
- Coal Harbour Condos are in a balanced market at 19.6% with 11 sales out of 56 listings
Read your full February reports here: North Vancouver, West Vancouver, Vancouver West
If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca
*Areas covered in Metro Vancouver include: Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver, West Vancouver, Richmond, Burnaby, Coquitlam, Tsawwassen, Ladner
The accuracy and completeness of the information is not guaranteed. Data was current on March 2, 2018 from the Real Estate Board of Greater Vancouver
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.