March 2022 marked the end of historic low interest rates as the Bank of Canada raised the rate .05 per cent, followed by with seven more increases, and yesterday announcing an eighth increase of 0.25 per cent bringing the rate to 4.50. Economists expect this to be the last rate hike...
Real estate activity on Bowen has slowed dramatically with only one detached home property sold and no vacant land sales registered on MLS® for November 2022.
Both sellers and buyers are waiting for a clear indication of where the Bank of Canada rates, currently at 4...
In October the MLS® HPI registered the first YoY decline since April 2020. Although just a 0.03 per cent decline over September 2022, The HPI is beginning to react to downward pressure by buyers as the Bank of Canada increased its rate by 0.25, 0.50, 0.50, 1.00...
The September Year over Year Average Sale Price, Median Sale Price, and the MLS® Home Price Index were all up over August. The Average Sale Price ($1,681,302) increased +1.3 per cent over August, recording was the first uptick since April’s record $1...
The decline in the Bowen Island YoY Average Sale Price and Median Sale Price over the past 4 months continued, registering a -1.5 per cent decline YoY for August and a -12.0 per cent decline YoY...
Bowen moved to a balanced market with typically slow summer activity during July and August. There have been just 3 sales to date in August, down from the 10-year average of 5. For the month of July, there were 4 detached home sales.