BLOG & STATISTICS

Providing Bowen Island's most comprehensive real estate report since 2019

STATS ON BOWEN - Jan Feb 2024

Posted on Mar 30, 2024

2024 market may be more active

Use this link for interactive report



At the end of February 2024, Bowen Island’s YoY* change in the MLS® Home Price Index or Benchmark Price was -8.0 per cent lower than in February 2023 – the highest YoY loss compared to other Metro Vancouver municipalities and a reflection the YoY Dollar Volume of Sales ($62,028,000...

Read More

STATS ON BOWEN - 2023 Report

Posted on Jan 27, 2024

Benchmark price down 9.1 per cent from 2022




At the end of 2020, Bowen Island ranked first in YoY* percentage change in the MLS® Home Price Index (MLS® HPI) or Benchmark price for detached home, up 8.9 per cent over 2019. At the end of 2023, Bowen ranked last, down 9.1 per cent YoY from December 2022.

The Average So...

Read More

STATS ON BOWEN - May June 2023

Posted on Jul 27, 2023

Average Sale Prices declined to mid-2021 levels




The Bank of Canada pushed its rate up to 4.75 per cent on June 12 and then to 5.00 per cent on July 7. The rising interest rates have had the greatest impact on properties listed at $2.0 million and up. On Bowen Island year-to-date at June 30, 2023, only 3 of the 21...

Read More

STATS ON BOWEN - March April 2023

Posted on May 26, 2023

Downward trend showing signs of slowing


Activity during March and April 2023 reflected the pre-COVID market in 2019. Property values remained significantly higher than 2019 although the first four months of 2023 were similar to those of 2019 when the year-over-year (YoY) MLS® Home Price Index declined -0.9 per cen...

Read More

STATS ON BOWEN - January February 2023

Posted on Apr 14, 2023

One year since Bank of Canada raise to 4.50%

Use this link for interactive report



March 8, 2023, marked one year since the Bank of Canada began raising interest rates from 0.25 to 4.50 in January 2023. There was no increase in March, and the impact of the tax increases has served to slow the Bowen market. From September 2022 through February 2023 the...

Read More

STATS on BOWEN - December 2022

Posted on Jan 25, 2023

Stable, balanced, and sluggish




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...

Read More

View Older Posts

Get In Touch

Tim Rhodes

Mobile: 604-341-9488

Phone: 416-910-8183

tim@rhodesonbowen.com

Office Info

Kiwi Innovation Realty Inc

572 Artisan Lane  Vancouver,  BC   V0N 1G2 

Stay Connected

Although every effort is taken to assure accuracy, Timothy Rhodes REALTOR® and Rhodes on Bowen assume no responsibility for the accuracy of third party information on this site. Financial and legal information should be confirmed with the apporpriate professional.