April 2021

STATS ON BOWEN - March 2021

Posted on Apr 11, 2021

Proposed June increase in mortgage stress test rate could reduce buying power for some.

Comparing the last 12 months of activity (YoY), the MLS® Home Price Index or benchmark price for a detached home on Bowen Island in March 2021 had increased 15.6 per cent over March 2020—up $27,866 to $1,101,533—the highest percentage increase in Metro Vancouver...

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Q2 and Q3 2021 will continue to reward sellers

Posted on Apr 03, 2021

Where is the real estate market going in Q2 and Q3 of 2021 and beyond? Well not to infinity, but in the short term most predictions are of continued growth through 2021 and slowing through 2022.

The mid-March Canadian Real Estate Association quarterly forecast predicts national home sales to “fall by 12.6% [...] in 2022. This easing trend is expect...

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