According to a report, the city’s apartment vacancy rate increased by 6.6% — the highest level since 2016.
Lions Bay Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Lions Bay is number 10 putting it ahead of most neighbourhoods .
While the median for British Columbia is $519,000 , which means that Lions Bay’s median price is $1,875,000 considerably better than the rest of the province.
5 bedroom properties are the most common available for real estate investors this month in neighbourhood.
British Columbia has the third most amount of properties available to property investors, with Lions Bay having 199th most in the province, out of a total of 359.
Is Lions Bay a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lions Bay there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Will prices rise across the next year in in Lions Bay? There are a number of real estate indicators to consider.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Lions Bay have stayed pretty much the same which would tend to indicate that demand is steady.
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