Category: Fun

March 2023 Lower Mainland Real Estate Prices Map

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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

Sick of Vancouver RE prices? We Hand-picked 5 best houses in Maple Ridge under $400,000. Enjoy!

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In Previous post we hand-picked 5 best houses in Cloverdale, BC under $500,000.
In this post we found 5 best houses in Maple Ridge under $400,000! Enjoy!

1. 23631 Dewdney Trunk Road, Maple Ridge, BC, MLS# V1011371

Over 2200 sq ft of finished living space in this well maintained 2 storey with full basement.

 

9′ ceilings, family room off kitchen (currenty used as dining space), spacious & bright living/dining room, master bedroom with full ensuite & walk in closet. Lots of parking in back with lane access.

Rear fenced yard to keep kids & pets safe & features patio & separate entrance to downstairs suite.

 

Listed by: Coldwell Banker Tri-tel Realty

 

 

 

2. 13011 250th Street, Maple Ridge, BC, MLS# V997631

 

Court Ordered Sale – Alouette Estates. 1.77 acre property backing directly on steep ravine, cree, & forest. 15 yr old, 2 storey home featuring 4 bedrooms plus family room up, located on quiet C-D-S.

 

Home floor plan is extremely narrow & requires updating throughout. 77,406 square foot lot, but only 8000 square foot building platform. Absolutely no room bo build larger home, shop or out buildings.

 

Property is SOLD on ‘as is, where is’ basis. Now available to show.

Listed By: Re/max 2000 Realty

 

 

 

3. 24252 102b Ave, Maple Ridge, BC, MLS# V1012117

 

ABSOLUTELY ALBION! ……………a family community with park and play structure, pizza and video store for movie night AND a gourmet coffee shop…..all just blocks from elementary school and a short drive to countless amenities.

 

Your family will approve of this 2324 sf 3 level home offering 4 bdrms PLUS den ~ 4 baths, master enjoys a roomy walk-in and private bath with soaker tub and separate shower, well lit and well appointed kitchen with island/breakfast bar for quick meals, a fully finished basement where movie night will be a hit in the games room!

 

FAMILY FRIENDLY ~ FAMILY FUNCTIONAL

 

Listed By: Royal Lepage – Brookside Rlty.

 

 

 

4. 24272 102nd Ave, Maple Ridge, BC, MLS# V979073

 

Gorgeous corner lot custom built home with plenty of nice features such as an added granite island in the kitchen, real engineering hardwood floor & fresh professional paint.

 

The crawl space is excellent for extra storage or cold room. Spectacular floor plan with 3 bedrooms, 2.5 baths plus spacious open concept main floor living space & kitchen. Ready to move-in condition or investment.

 

A must see! Close to Albion Elementary and Samuel Robertson Secondary and French Immersion. Quick access to everything. Got a home to trade? No problem, trades welcome! Call for details.

 

Listed By: New World Realty Ltd.

 

 

 

5. 24360 102a Ave, Maple Ridge, BC, MLS# V1020006

 

FALCON LANDING in ALBION invites you to settle into this 4 BDRM/4BATH 2 storey home w/full, professionally finished walk-out bsmnt in family oriented neighbourhood.

 

9 ft ceilings, easy-care laminate flooring, large island, S/S appl and plenty of counter/cabinet space in the eat-in kitchen, vaulted ceiling in master plus W/I closet and private 4 pc bath, Jack & Jill bath for the upper bdrms, spacious rec room and 4th bdrm in bsmnt…… ideal for family movie night!

 

Minutes to SRT, Albion Elementary, and W C Express station. Shopping and lots of recreation just a short drive away……COME HOME TO FALCON LANDING….

 

Listed By: Royal Lepage – Brookside Rlty.

Local Government Regulations Worsening Canada’s Housing Affordability

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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.