March 2023 Lower Mainland Real Estate Prices Map

Well butter my biscuits, have I got a treat for all you real estate enthusiasts out there! We are EstateBlock.com by Renanza Realty Inc. created a map of Lower Mainland, BC that’s so hot, it’s practically on fire!

This map shows average real estate prices in different neighborhoods of Lower Mainland, color-coded like a heat map. You can easily see which neighborhoods are the most expensive (red hot!) and which ones are a bit more affordable (cool blue). And if you’re searching for a specific property type, no problem! You can use the search function to filter by property type and find exactly what you’re looking for.

But wait, there’s more! This map isn’t just informative, it’s also fun. It’s like playing a game of real estate roulette, trying to find the best deals and hottest neighborhoods. So, grab a cup of coffee, sit back, and get ready to explore the wild world of Lower Mainland real estate with this amazing map.

March 2023 Lower Mainland Real Estate Prices Map by Neighbourhood

Top 10 Most Expensive Neighbourhoods in Lower Mainland for Single Family Homes

  • 1.  $5.29M – Chartwell, West Vancouver
  • 2.  $4.97M – Shaughnessy, Vancouver West
  • 3.  $4.96M – Altamont, West Vancouver
  • 4.  $4.94M – Westmount WV, West Vancouver
  • 5.  $4.09M – Quilchena, Vancouver West
  • 6.  $4.05M – South Cambie, Vancouver West
  • 7.  $3.94M – South Granville, Vancouver West
  • 8.  $3.63M – Arbutus, Vancouver West
  • 9.  $3.52M – Kerrisdale, Vancouver West
  • 10.  $3.49M – Oakridge VW, Vancouver West

10 Least Expensive Neighbourhoods in Lower Mainland for Single Family Homes

  • 1.  $792K – Pender Harbour Egmont, Sunshine Coast, BC
  • 2.  $830K – Sechelt District, Sunshine Coast, BC
  • 3.  $877K – Gibsons & Area, Sunshine Coast, BC
  • 4.  $897K – Mission BC, Mission, BC
  • 5.  $914K – Bridgeview, North Surrey, BC
  • 6.  $920K – Dewdney Deroche, Mission, BC
  • 7.  $920K – Halfmoon Bay Secret Cv Redroofs, Sunshine Coast, BC
  • 8.  $944K – Central Abbotsford, Abbotsford, BC
  • 9.  $963K – Roberts Creek, Sunshine Coast, BC
  • 10.  $978K – Poplar, Abbotsford, BC

Top 10 Hottest Neighboourhoods in Lower Mainland Now, by Price appreciation in 1 Month, Single Family Homes

  • 1. +9.8% – S.W. Marine, Vancouver West, BC
  • 2. +9.7% – MacKenzie Heights, Vancouver West, BC
  • 3. +9.6% – Southlands, Vancouver West, BC
  • 4. +9.2% – Simon Fraser Univer., Burnaby North, BC
  • 5. +8.9% – Sea Island, Richmond, BC
  • 6. +8.3% – Stave Falls, Mission, BC
  • 7. +8.3% – Chineside, Coquitlam, BC
  • 8. +8.3% – Kerrisdale, Vancouver West, BC
  • 9. +8.2% – Terra Nova, Richmond, BC
  • 10. +8.1% – Hatzic, Mission, BC

Top 10 Neighboourhoods that are losing Value in Lower Mainland Now, by Price depreciation in 1 Month, Single Family Homes

  • 1. -6.8% – Mount Pleasant VW, Vancouver West, BC
  • 2. -5.7% – Cypress, West Vancouver, BC
  • 3. -4.4% – Bear Creek Green Timbers, Surrey, BC
  • 4. -4.3% – West Bay, West Vancouver, BC
  • 5. -3.9% – Sumas Prairie, Abbotsford, BC
  • 6. -3.7% – Serpentine, Cloverdale, BC
  • 7. -3.4% – County Line Glen Valley, Langley, BC
  • 8. -3.4% – Bayridge, West Vancouver, BC
  • 9. -3.3% – Lions Bay, West Vancouver, BC
  • 10. -3.2% – Mount Pleasant VE, Vancouver East, BC

Top 10 Neighbourhoods that appreciated in Value the Most in the last 3 years, Single Family Homes

  • 1. 149.74% – Sea Island, Richmond, BC
  • 2. 108.17% – Maillardville, Coquitlam, BC
  • 3. 86.52% – Anmore, Port Moody, BC
  • 4. 86.07% – Seafair, Richmond, BC
  • 5. 76.11% – Forest Hills NV, North Vancouver, BC
  • 6. 70.88% – Harbour Chines, Coquitlam, BC
  • 7. 68.91% – Deer Lake, Burnaby South, BC
  • 8. 66.92% – Tantalus, Squamish, BC
  • 9. 66.09% – Westridge BN, Burnaby North, BC
  • 10. 65.33% – Central Coquitlam, Coquitlam, BC

Top 10 Neighbourhoods that didn’t appreciate or Lost in Value in the last 3 years, Single Family Homes

  • 1. -44.64% – University VW, Vancouver West, BC
  • 2. -35.86% – Howe Sound, West Vancouver, BC
  • 3. -10.18% – University Highlands, Squamish, BC
  • 4. -8.74% – Mount Pleasant VW, Vancouver West, BC
  • 5. -7.2% – Point Grey, Vancouver West, BC
  • 6. -5.62% – Brennan Center, Squamish, BC
  • 7. -3.24% – Horseshoe Bay WV, West Vancouver, BC
  • 8. +0.69% – Westhill, West Vancouver, BC
  • 9. +5.06% – English Bluff, Tsawwassen, BC
  • 10. +5.58% – Strathcona, Vancouver East, BC

* Map and Reports are made using MLS® HPI Benchmark Price Stats Reports.

We are EstateBlock.com by Renanza Realty Inc. One of the most innovative real estate search engines in Canada powered by the one of the Best Real Estate agents in town. To get a Professional Market Evaluation done for you property, please click here

EstateBlock.com Makes Home Searching Easy with New Heat Map Technology

The search for the perfect home simplified: EstateBlock.com is helping Canadian homebuyers make sense of complicated data with its new house-hunting heat map technology. The new maps break down data such as demographics, crime statistics, service areas for schools and daycares, and even climate information into easy to understand color charts. EstateBlock home search tools are free.

 

“Searching for a new home on your own can be confusing,” says EstateBlock founder Vadim Marusin. “We’ve developed a simple technology to make the challenge of finding the right home easy.”

 

Using point-and-click navigation, buyers quickly filter the maps categories: Demographics, Crime, Schools, Daycares, Transit and Climate. The new real estate search engine is also equipped with advanced features that query information on local amenities such as banks, hospitals, grocery stores, parks and recreation. Buyers can also search by foreclosures, acreage and lot size, keywords, gross taxes and maintenance fees in a particular area.

 

Registered EstateBlock.com members can also use the Heat Map’s “save and alert” feature to receive e-mail notifications on specific queries and listings.

 

“The ‘right’ home is different for the individual buyer,” Marusin continues. “EstateBlock heat maps are sensitive to this reality.”

 

EstateBlock also offers a complimentary service to help potential buyers arrange home viewings. To search existing homes or new construction listings in Lower Mainland, B.C., or to enquire about homebuying or selling assistance, interested parties are encouraged to visit the following link: http://www.estateblock.com/.

EstateBlock.com Makes Home Searching Easy with New Heat Map Technology

The search for the perfect home simplified: EstateBlock.com is helping Canadian homebuyers make sense of complicated data with its new house-hunting heat map technology. The new maps break down data such as demographics, crime statistics, service areas for schools and daycares, and even climate information into easy to understand color charts. EstateBlock home search tools are free.

 

“Searching for a new home on your own can be confusing,” says EstateBlock founder Vadim Marusin. “We’ve developed a simple technology to make the challenge of finding the right home easy.”

 

Using point-and-click navigation, buyers quickly filter the maps categories: Demographics, Crime, Schools, Daycares, Transit and Climate. The new real estate search engine is also equipped with advanced features that query information on local amenities such as banks, hospitals, grocery stores, parks and recreation. Buyers can also search by foreclosures, acreage and lot size, keywords, gross taxes and maintenance fees in a particular area.

 

Registered EstateBlock.com members can also use the Heat Map’s “save and alert” feature to receive e-mail notifications on specific queries and listings.

 

“The ‘right’ home is different for the individual buyer,” Marusin continues. “EstateBlock heat maps are sensitive to this reality.”

 

EstateBlock also offers a complimentary service to help potential buyers arrange home viewings. To search existing homes or new construction listings in Lower Mainland, B.C., or to enquire about homebuying or selling assistance, interested parties are encouraged to visit the following link: http://www.estateblock.com/.

Economic Concerns with House Sale Decline

Speculation is on the rise that the B.C. Liberal Government will likely take blame for falling house prices in the next year, a report says.

The report, which was conducted by Capital Economics, states that the likelihood of the blame falling on the Liberals’ decision to impose a foreign buyer tax on the housing market is high, despite the fact that the trend in Vancouver’s housing market began to change well before the foreign buyer tax took effect. The report expects to see house price growth around, or possible below, zero percent by May of 2017. The B.C. government will likely take the brunt of the blame for this.

August 2016 is so far showing a great decline in housing purchases. In Greater Vancouver, home sales were down for the first two weeks of August by 85 percent when compared to the same two-week period of 2015. In West Vancouver specifically, home sales were down by 94 percent – a total of three home sales in the first half of August 2016. For reference, there were 52 sales in the first half of August 2015.

Much of this decline in home sales comes from the higher end of the market where the top-market homes have been taking considerably longer to sell. In the lower-range housing market, home sales continue to be sold quicker than previously. In addition, the lower average selling price that has been documented in recent months might not be an indication of the market declining as a whole; it could be an indicator only of the types and prices of home sales.

In British Columbia, real estate and construction of homes account for more than a quarter of the province’s economy. The slowdown in housing sales raises some concern for a great decline in the economy of B.C. While this comes at the same time as the new foreign tax, experts say that the downturn began well before the crackdown on foreign buyers. West Vancouver home sales, for instance, fell by 38 percent in June, whereas the new tax was not introduced until the end of July.

Do you think there will be a downturn in our economy? Will the Liberals take the blame?

Please tell us what you think!

Housing Bubble: Foreign Buyers May Not Be the Only Problem

Capital Economics published a letter earlier this month explaining their distaste for the notion that foreign buying is Vancouver’s real problem, blaming politicians for using this as a “blame game”, and one that they have seen time and time again.  The letter offers a handful of alternative ideas, and some food for thought.

According to the letter, Vancouver actually had a relatively low percent of foreign purchases when compared to other similar metros: Florida had 22 percent foreign purchases in 2015, and 16 percent in California – Vancouver only had 10 percent. The letter notes that price increases only went up by 7 percent last year in Miami, and 10 percent in San Francisco.

Capital Economics states that they believe the housing problem is instead caused by low interest rates and irresponsible lending in Vancouver and surrounding areas. The report does acknowledge that the low Canadian dollar has made Vancouver a more viable option for foreign purchase, and therefore doesn’t disregard the idea completely – but it rejects the notion that foreign purchase is the sole proprietor for the current housing bubble.

When looking at loan-to-income ratios in Vancouver, the report found that nearly 33 percent of insured mortgages had a ratio of more than 450 percent. In the past 12 months we have seen a further decline in interest rates, and therefore lending standards being relaxed even further. The report states that this, not foreign purchasing, is the issue at hand.

The letter expresses concern for the future of Vancouver’s economy, stating that if the new 15 percent tax on foreign purchasers scares those purchasers away from Vancouver, a significant drop in the real estate market could lead to a massive impact on the economy.

Let us know your thoughts in the comments below.

Chinese Buyers & House Auctions: A Peek into Australia’s Real Estate Market

It’s a topic we know all too much about right now: foreign investment in the real estate market – especially with Chinese purchasers. However, the scene in Australia is a little different from the one in Vancouver.

Chinese investment in Australia’s housing market has quadrupled from 2013 to 2015: soaring to $24.3 billion from $5.9 billion.  Chinese buyers are dominating the housing auctions in suburban Australia – and in many such auctions it has become increasingly rare to see bidders of other nationalities.

However, it is not just offshore investors who are dominating the market. Australian real estate companies claim that the largest percentage of Chinese buyers whom attend their auctions are either Australian citizens or permanent residents.

In these house auctions, it’s common for the incredibly bidding-savvy Chinese buyers to do well. The bids all come down to readiness; how much homework you have done; and how much heart you put into the bid, according to one auction-style home purchaser. He recommends not to bother bidding near the beginning of the auction, so as to not “waste breath.” He claims you will know who you are really bidding against near the finish line.

Another bidder, one of dozens on the four bedroom house that ended up selling for $1.8 million, was hoping to move his growing family out of their cramped apartment. He, like many of the bidders, has been searching for a home for well over two months – but it all comes down to who wants it the most with an auction-style market.

What do you think about buying a house in an auction? Would it make the process easier or more difficult? We are curious to know your opinions!

Local Government Regulations Worsening Canada’s Housing Affordability

The rising prices for new homes in Canada’s most costly cities are a result of the government’s housing regulations, according to policy-research group C.D. Howe Institute.

The institute’s latest report, released Tuesday, said that single-family detached houses across Canada were subject to a steep increase in prices, due to factors such as zoning rules, delays on permit approvals and municipal development fees.
Eight areas of focus are contained in the study – including Toronto, Calgary, Vancouver and Ottawa-Gatineau — where new-home prices are more than 20 percent higher than the cost of construction.

From 2007 to 2016, barriers to homebuilding added an average of $229,000 to the price of a house located in those regions.
The greatest impact was in Vancouver, where buyers paid an average of $644,000 extra for a new house, which works out to about half of the total price. That proportion is equivalent to what other studies have found for Manhattan, C.D. Howe said.
Excessive government regulations are to blame for barriers inhibiting new construction, the group said in the report. It goes on to explain that housing markets function best when the market price of housing is very close to the feasible cost of constructing it, so when prices exceed this construction cost, it’s generally due to extra factors such as government interference.
Prices for homes in Vancouver and Toronto have surged 81 percent and 64 percent, respectively, over the past five years, according to March data from the Canadian Real Estate Association.

The demand outpaces supply in both cities, where housing prices have stayed consistently high despite government policies to tame the increases, such as taxes on foreign buyers and stricter mortgage rules.
When barriers arise to building homes, the cost of existing homes goes up, as buyers are left to compete for the housing that is available. The C.D. Howe study found that barriers to development have added more than $100,000 on average to prices for both new and resale homes in some parts of Ontario.

Cities and provinces have taken some initiatives to assist with housing affordability, such as new taxes, however, further measures can still be taken to make it easier to develop land. Two such changes are that zoning laws could be simplified and developer fees could be reduced. We must ask what the true motives are behind the actions taken by the government when it comes to this issue of affordable housing.

CONDOS Benchmark Price April 2018, 1 month change, % (HEAT MAP)

Top 10 Neighbourhoods Where Condos Prices Have Risen the Most Last Month.

1. 12.38% – Garibaldi Estates, Squamish
2. 12.08% – Valleycliffe, Squamish
3. 9.83% – Downtown SQ, Squamish
4. 7.97% – Brighouse, Richmond
5. 7.08% – Otter District, Langley
6. 6.48% – Boyd park, Richmond
7. 6.44% – Seafair, Richmond
8. 6.23% – Aldergrove Langley, Langley
9. 6.06% – Abbotsford East, Abbotsford
10. 6.03% – Maillardville, Coquitlam

Top 10 Neighbourhoods Where Condos Prices Have Risen the Least or Descended Last Month.

1. -3.96% – Shaughnessy, Vancouver West
2. -3.64% – Southlands, Vancouver West
3. -3.32% – Killarney VE, Vancouver East
4. -2.80% – Dunbar, Vancouver West
5. -2.67% – Kerrisdale, Vancouver West
6. -2.61% – Quilchena, Vancouver West
7. -2.36% – Fraser VE, Vancouver East
8. -2.32% – College Park PM, Port Moody
9. -2.29% – Highgate, Burnaby South
10. -2.26% – Metrotown, Burnaby South

9 HEAT MAPS for Greater Vancouver April 2018 Real Estate Market Prices & Trends

We are EstateBlock.com. One of the most innovative real estate search engines in Canada serving BC, Canada.
We spent couple days to make 9 super detailed heat maps of Lower Mainland Real Estate Prices. We broke it down to neighbourhoods and type of property so everybody can see what happened with their home prices. Enjoy!

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Top 10 Most Expensive Neighbourhoods in Lower Mainland for Single Family Homes

1. $6,461,800 – Whitby Estates, West Vancouver
2. $5,741,100 – Shaughnessy, Vancouver West
3. $5,663,200 – University VW, Vancouver West
4. $5,176,100 – Canterbury WV, West Vancouver
5. $4,516,600 – Westhill, West Vancouver
6. $4,204,700 – Chartwell, West Vancouver
7. $4,094,900 – South Granville, Vancouver West
8. $4,000,300 – Quilchena, Vancouver West
9. $3,974,600 – Altamont, West Vancouver
10. $3,792,700 – Arbutus, Vancouver West

Top 10 Least Expensive Neighbourhoods in Lower Mainland for Single Family Homes

1. $476,500 – Dewdney Deroche, Mission
2. $529,900 – Pender Harbour Egmont, Sunshine Coast
3. $539,900 – Bridgeview, North Surrey
4. $565,800 – Sechelt District, Sunshine Coast
5. $589,300 – Halfmn Bay Secret Cv Redroofs, Sunshine Coast
6. $592,600 – Durieu, Mission
7. $678,700 – Gibsons & Area, Sunshine Coast
8. $680,900 – Mission BC, Mission
9. $697,100 – Hatzic, Mission
10. $720,800 – Roberts Creek, Sunshine Coast

Top 10 Neighbourhoods Where Single-Family Homes Prices Have Risen the Most Last Month.

1. 6.28% – Port Moody Centre, Port Moody
2. 5.70% – Parkcrest, Burnaby North
3. 5.27% – Chineside, Coquitlam
4. 5.19% – Northyards, Squamish
5. 5.18% – Hazelmere, White Rock
6. 5.05% – Brentwood Park, Burnaby North
7. 4.99% – Fort Langley, Langley
8. 4.93% – Bradner, Abbotsford
9. 4.84% – Central BN, Burnaby North
10. 4.82% – Sullivan Heights, Burnaby North

Top 10 Neighbourhoods Where Single-Family Homes Prices Have Risen the Least or Descended Last Month.

1. -5.30% – University VW, Vancouver West
2. -5.28% – Canterbury WV, West Vancouver
3. -4.72% – McLennan North, Richmond
4. -4.37% – Point Grey, Vancouver West
5. -4.36% – Elgin Chantrell, White Rock
6. -4.33% – Garden City, Richmond
7. -4.26% – Woodwards, Richmond
8. -3.97% – Altamont, West Vancouver
9. -3.96% – Mount Pleasant VW, Vancouver West
10. -3.72% – West Cambie, Richmond

Top 10 Neighbourhoods Where Single-Family Homes Prices Have Risen the Most Last Year.

1. 23.58% – Langley City, Langley
2. 22.40% – Northeast, Maple Ridge
3. 22.03% – Central Abbotsford, Abbotsford
4. 21.30% – Poplar, Abbotsford
5. 21.27% – Whalley, North Surrey
6. 21.19% – Sumas Mountain, Abbotsford
7. 20.80% – Pender Harbour Egmont, Sunshine Coast
8. 20.80% – Sumas Prairie, Abbotsford
9. 20.50% – Silver Valley, Maple Ridge
10. 20.40% – Sechelt District, Sunshine Coast

Top 10 Neighbourhoods Where Single-Family Homes Prices Have Risen the Least or Descended Last Year.

1. -12.40% – South Granville, Vancouver West
2. -8.35% – Elgin Chantrell, White Rock
3. -7.20% – Cypress, West Vancouver
4. -7.00% – MacKenzie Heights, Vancouver West
5. -7.00% – Kitsilano, Vancouver West
6. -5.80% – Kerrisdale, Vancouver West
7. -5.50% – University VW, Vancouver West
8. -5.00% – Terra Nova, Richmond
9. -4.50% – West Bay, West Vancouver
10. -4.20% – Sunnyside Park Surrey, White Rock

Top 10 Most Expensive Neighbourhoods in Lower Mainland for Condos

1. $3,214,500 – Cypress Park Estates, West Vancouver
2. $1,514,800 – Panorama Village, West Vancouver
3. $1,512,400 – Dundarave, West Vancouver
4. $1,332,600 – Park Royal, West Vancouver
5. $1,274,300 – Capilano NV, North Vancouver
6. $1,147,700 – Quilchena, Vancouver West
7. $1,145,300 – Edgemont, North Vancouver
8. $1,122,500 – Oakridge VW, Vancouver West
9. $1,063,300 – Coal Harbour, Vancouver West
10. $1,021,600 – South Granville, Vancouver West

Top 10 Least Expensive Neighbourhoods in Lower Mainland for Condos

1. $263,500 – Granville, Richmond
2. $276,600 – Central Coquitlam, Coquitlam
3. $285,900 – Otter District, Langley
4. $286,900 – Annieville, N. Delta
5. $295,400 – West Central, Maple Ridge
6. $302,400 – Cedar Hills, North Surrey
7. $324,000 – South Arm, Richmond
8. $324,100 – College Park PM, Port Moody
9. $330,400 – West End NW, New Westminster
10. $342,100 – Abbotsford West, Abbotsford

Top 10 Neighbourhoods Where Condos Prices Have Risen the Most Last Month.

1. 12.38% – Garibaldi Estates, Squamish
2. 12.08% – Valleycliffe, Squamish
3. 9.83% – Downtown SQ, Squamish
4. 7.97% – Brighouse, Richmond
5. 7.08% – Otter District, Langley
6. 6.48% – Boyd park, Richmond
7. 6.44% – Seafair, Richmond
8. 6.23% – Aldergrove Langley, Langley
9. 6.06% – Abbotsford East, Abbotsford
10. 6.03% – Maillardville, Coquitlam

Top 10 Neighbourhoods Where Condos Prices Have Risen the Least or Descended Last Month.

1. -3.96% – Shaughnessy, Vancouver West
2. -3.64% – Southlands, Vancouver West
3. -3.32% – Killarney VE, Vancouver East
4. -2.80% – Dunbar, Vancouver West
5. -2.67% – Kerrisdale, Vancouver West
6. -2.61% – Quilchena, Vancouver West
7. -2.36% – Fraser VE, Vancouver East
8. -2.32% – College Park PM, Port Moody
9. -2.29% – Highgate, Burnaby South
10. -2.26% – Metrotown, Burnaby South

Top 10 Neighbourhoods Where Condos Prices Have Risen the Most Last Year.

1. 55.70% – Central Abbotsford, Abbotsford
2. 55.53% – Annieville, N. Delta
3. 54.31% – Bear Creek Green Timbers, Surrey
4. 53.66% – Cedar Hills, North Surrey
5. 53.10% – Northwest Maple Ridge, Maple Ridge
6. 52.59% – Langley City, Langley
7. 51.90% – West Central, Maple Ridge
8. 51.20% – East Central, Maple Ridge
9. 50.85% – West Newton, Surrey
10. 50.38% – East Newton, Surrey

Top 10 Neighbourhoods Where Condos Prices Have Risen the Least or Descended Last Year.

1. 10.80% – False Creek, Vancouver West
2. 12.90% – Downtown VW, Vancouver West
3. 13.00% – Mount Pleasant VE, Vancouver East
4. 13.40% – Ladner Elementary, Ladner
5. 13.50% – Steveston South, Richmond
6. 14.10% – Oakridge VW, Vancouver West
7. 14.90% – Coal Harbour, Vancouver West
8. 15.00% – South Cambie, Vancouver West
9. 15.80% – South Granville, Vancouver West
10. 16.10% – Quilchena, Vancouver West

Top 10 Most Expensive Neighbourhoods in Lower Mainland for Townhomes

1. $2,469,000 – Shaughnessy, Vancouver West
2. $1,918,100 – South Cambie, Vancouver West
3. $1,856,500 – Coal Harbour, Vancouver West
4. $1,788,600 – University VW, Vancouver West
5. $1,783,200 – Yaletown, Vancouver West
6. $1,648,900 – Oakridge VW, Vancouver West
7. $1,590,500 – Kerrisdale, Vancouver West
8. $1,586,100 – Quilchena, Vancouver West
9. $1,274,400 – Mount Pleasant VW, Vancouver West
10. $1,246,100 – Cambie, Vancouver West

Top 10 Least Expensive Neighbourhoods in Lower Mainland for Townhomes

1. $362,900 – Central Abbotsford, Abbotsford
2. $384,100 – Abbotsford West, Abbotsford
3. $385,100 – Abbotsford East, Abbotsford
4. $420,000 – Aldergrove Langley, Langley
5. $449,400 – Mission BC, Mission
6. $467,600 – Boyd park, Richmond
7. $470,900 – Annieville, N. Delta
8. $476,600 – Central Coquitlam, Coquitlam
9. $478,000 – Maillardville, Coquitlam
10. $480,300 – Langley City, Langley

Top 10 Neighbourhoods Where Townhomes Prices Have Risen the Most Last Month.

1. 13.36% – Northyards, Squamish
2. 12.77% – Dentville, Squamish
3. 9.12% – Garibaldi Highlands, Squamish
4. 8.58% – Brackendale, Squamish
5. 7.33% – Garibaldi Estates, Squamish
6. 7.21% – Shaughnessy, Vancouver West
7. 6.92% – Langley City, Langley
8. 6.45% – Downtown SQ, Squamish
9. 6.37% – Central Abbotsford, Abbotsford
10. 6.03% – King George Corridor, White Rock

Top 10 Neighbourhoods Where Townhomes Prices Have Risen the Least or Descended Last Month.

1. -4.02% – Coal Harbour, Vancouver West
2. -3.55% – Burnaby Hospital, Burnaby South
3. -2.20% – College Park PM, Port Moody
4. -1.68% – Abbotsford West, Abbotsford
5. -1.52% – Brighouse South, Richmond
6. -1.41% – Coquitlam East, Coquitlam
7. -1.18% – Maillardville, Coquitlam
8. -0.94% – Central Coquitlam, Coquitlam
9. -0.85% – Yaletown, Vancouver West
10. -0.74% – Guildford, North Surrey

Top 10 Neighbourhoods Where Townhomes Prices Have Risen the Most Last Year.

1. 40.31% – Central Abbotsford, Abbotsford
2. 32.06% – Guildford, North Surrey
3. 31.20% – Cottonwood MR, Maple Ridge
4. 30.60% – Collingwood VE, Vancouver East
5. 30.13% – Poplar, Abbotsford
6. 29.98% – East Newton, Surrey
7. 29.93% – Aldergrove Langley, Langley
8. 29.90% – Southwest Maple Ridge, Maple Ridge
9. 29.80% – Victoria VE, Vancouver East
10. 29.70% – Brackendale, Squamish

Top 10 Neighbourhoods Where Townhomes Prices Have Risen the Least or Descended Last Year.

1. 4.90% – Kitsilano, Vancouver West
2. 5.10% – Oakridge VW, Vancouver West
3. 5.70% – University VW, Vancouver West
4. 5.80% – Kerrisdale, Vancouver West
5. 6.30% – Cambie, Vancouver West
6. 6.40% – Point Grey, Vancouver West
7. 6.60% – False Creek, Vancouver West
8. 6.90% – Steveston Village, Richmond
9. 7.10% – Coal Harbour, Vancouver West
10. 7.90% – Boyd park, Richmond

 

Greater Vancouver April 2018 Market Update
April saw more home sellers than buyers in the Metro Vancouver* housing market.

Residential property sales in the region totalled 2,579 in April 2018, a 27.4 percent decrease from the 3,553 sales recorded in April 2017, and a 2.5 percent increase compared to March 2018 when 2,517 homes sold, according to the Real Estate Board of Greater Vancouver. Last month’s sales were 22.5 percent below the 10-year April sales average.
Changing market conditions are evident, this is due in part to the new mortgage requirements implemented by the federal government which have diminished home buyer’s purchasing power.

A total of 5,820 detached, attached and apartment properties were newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2018, representing an 18.6 percent increase compared to the 4,907 homes listed in April 2017 and a 30.8 percent increase compared to March 2018 when 4,450 homes were listed.
Currently, the number of properties listed for sale on the MLS® system in Metro Vancouver is 9,822, a 25.7 percent increase compared to April 2017 (7,813) and a 17.2 percent increase compared to March 2018 (8,380).

For April 2018, the sales-to-active listings ratio is 26.3 percent for all property types. By property type, the ratio is 14.1 percent for detached homes, 36.1 percent for townhomes, and 46.7 percent for condominiums.
Generally, downward pressure on home prices occurs when the ratio dips below the 12 percent mark for a sustained period, according to analysts, while home prices often experience upward pressure when it surpasses 20 percent over several months.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,092,000. This represents a 14.3 percent increase over April 2017 and a 0.7 percent increase compared to March 2018.
There were 807 sales of detached properties in April 2018, which was a 3.4 percent decrease from the 1,211 detached sales recorded in April 2017. The benchmark price for detached properties is $1,605,800. This represents a 5.1 percent increase from April 2017 and a 0.2 percent decrease compared to March 2018.
Sales of apartment properties decreased 24 percent from last year, reaching 1,308 in April 2018. The benchmark price of an apartment property is $701,000. This represents a 23.7 percent increase from April 2017 and a 1.1 percent increase compared to March 2018.
Sales of attached properties in April 2018 totalled 464, a 25.2 percent decrease compared to the 620 sales in April 2017. The benchmark price of an attached unit is $854,200. This represents a 17.7 percent increase from April 2017 and a 2.3 percent increase compared to March 2018.
In the Fraser Valley, buying activity remained modest throughout the month of April despite a bump in inventory across all three major residential types.

The Fraser Valley Real Estate Board saw 1,708 sales across all property types in April 2018, a decrease of 23.4 percent compared to the 2,230 sales in April of last year, and a 2.6 percent increase compared to the 1,664 sales in March 2018.

Of those sales, 413 were townhomes and 498 were apartments, together making up 53 percent of all transactions in April.
At the end of April 5,667 listings remained active, an increase of 18.2 percent month over month, and 15.3 percent when compared to April 2017.
3,429 new listings went up in April, a 19.7 percent increase from March 2018’s 2,865 new listings, and a 16.2 percent increase compared to April 2017.
The average number of days to sell an apartment in April was 14, and 16 for townhomes in the Fraser Valley region.
It took single family detached homes an average of 26 days on the market before selling.

HPI® Benchmark Price Activity
• Single Family Detached: At $1,009,200, the Benchmark price for a single family detached home in the Valley increased 0.8 percent compared to March 2018, and 13.5 percent compared to April 2017.
• Townhomes: At $549,900, the Benchmark price for a townhome in the Fraser Valley increased 1.5 percent compared to March 2018, and 23 percent compared to April 2017.
• Apartments: At $447,500, the Benchmark price for apartments/condos in the Fraser Valley increased 1.6 percent compared to March 2018, and 45.8 percent compared to April 2017.

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3 HEAT MAPS for HOUSES Prices November 2018 by Neighborhood

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We spent couple days to make 9 super detailed heat maps of Lower Mainland Real Estate Prices. We broke it down to neighborhoods and type of property so everybody can see what happened with their home prices In November 2018. Enjoy!

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Top 10 Most Expensive Neighbourhoods in Lower Mainland for Single Family Homes

1. $5.66M – Shaughnessy, Vancouver West
2. $5.34M – Whitby Estates, West Vancouver
3. $5.25M – University VW, Vancouver West
4. $4.25M – Canterbury WV, West Vancouver
5. $3.83M – South Granville, Vancouver West
6. $3.71M – Westhill, West Vancouver
7. $3.69M – Chartwell, West Vancouver
8. $3.56M – West Bay, West Vancouver
9. $3.54M – Quilchena, Vancouver West
10. $3.49M – Southlands, Vancouver West

Top 10 Least Expensive Neighbourhoods in Lower Mainland for Single Family Homes

1. $449K – Dewdney Deroche, Mission
2. $537K – Pender Harbour Egmont, Sunshine Coast
3. $549K – Bridgeview, North Surrey
4. $559K – Durieu, Mission
5. $562K – Sechelt District, Sunshine Coast
6. $602K – Halfmn Bay Secret Cv Redroofs, Sunshine Coast
7. $649K – Mission BC, Mission
8. $655K – Northyards, Squamish
9. $658K – Gibsons & Area, Sunshine Coast
10. $666K – Hatzic, Mission

Top 10 Neighbourhoods Where Single-Family Homes Prices Have Risen the Most Last Month.

1. 6.68% – Belcarra, Port Moody
2. 5.43% – Fraser Heights, North Surrey
3. 5.34% – Barber Street, Port Moody
4. 5.08% – Whalley, North Surrey
5. 4.35% – Glenayre, Port Moody
6. 4.22% – Port Kells, North Surrey
7. 3.75% – Guildford, North Surrey
8. 3.54% – Bolivar Heights, North Surrey
9. 3.49% – Glenmore, West Vancouver
10. 3.4% – Panorama Ridge, Surrey

Top 10 Neighbourhoods Where Single-Family Homes Prices Have Risen the Least or Descended Last Month.

1. -12.67% – Serpentine, Cloverdale
2. -9.07% – Seafair, Richmond
3. -8.45% – Cypress Park Estates, West Vancouver
4. -7.07% – Boyd park, Richmond
5. -6.96% – Lackner, Richmond
6. -6.93% – Queensbury, North Vancouver
7. -6.6% – Sullivan Station, Surrey
8. -6.33% – Uptown NW, New Westminster
9. -5.83% – Sullivan Heights, Burnaby North
10. -5.81% – Mount Pleasant VW, Vancouver West

Top 10 Neighbourhoods Where Single-Family Homes Prices Have Risen the Most Last Year.

1. 7.6% – Pender Harbour Egmont, Sunshine Coast
2. 6.3% – Halfmn Bay Secret Cv Redroofs, Sunshine Coast
3. 5.9% – Sechelt District, Sunshine Coast
4. 5.15% – Durieu, Mission
5. 4.9% – Barber Street, Port Moody
6. 4.83% – Abbotsford West, Abbotsford
7. 4.82% – Fraser Heights, North Surrey
8. 4.48% – Mission-West, Mission
9. 4.1% – Albion, Maple Ridge
10. 4% – Southwest Maple Ridge, Maple Ridge

Top 10 Neighbourhoods Where Single-Family Homes Prices Have Risen the Least or Descended Last Year.

1. -19.4% – Canterbury WV, West Vancouver
2. -19% – Whitby Estates, West Vancouver
3. -18.3% – West Bay, West Vancouver
4. -17.9% – Point Grey, Vancouver West
5. -17% – Westhill, West Vancouver
6. -16.8% – Cypress, West Vancouver
7. -16.3% – University VW, Vancouver West
8. -16% – Quilchena, Vancouver West
9. -15.6% – Cypress Park Estates, West Vancouver
10. -15.5% – South Granville, Vancouver West

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