Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
West Vancouver Home Price
Canada’s national median home listing price this month is $290,900, which means that West Vancouver is in the top 20% for Canada.
The $1,488,000 price tag on the median West Vancouver home means that it is quite highly priced by Canadian standards.
If you’re looking at investment properties in West Vancouver, then you’re most likely to find homes with 3 bedrooms on sale this month.
Is West Vancouver a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in West Vancouver, housing stock available seems to be falling – this could mean that homes values might increase faster.
In Aug the median listed house price of $786,900 in West Vancouver was an impressive compared to the rest of British Columbia.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.
Across British Columbia West Vancouver has the 36th most properties on offer with 124.
Will prices rise across the next year in in West Vancouver? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in West Vancouver there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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