Monthly Stats Reports

STATS ON BOWEN - Jul Aug 2024

Posted on Sep 09, 2024

Expect a buyers’ market to continue into the fall


Recent federal government announcements to raise the insured mortgage cap and expand 30-year amortizations combined with the Bank of Canada continued policy rate reductions1 will encourage buyers.

“Key measures include raising the insured mortgage limit to $1.5 mil...

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STATS ON BOWEN - May Jun 2024

Posted on Sep 08, 2024

Inventory at its highest level since Nov 2014



At the end of June 2024, Bowen Island’s year-over-year (YoY)* MLS® Home Price Index or Benchmark Price ($1,414,483) was -2.0 per cent lower than June 2023; however, it was up 1.1 per cent from the low of $1,398,992 in April 2024. The YoY Dollar Volume of Sales ($71,824...

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STATS ON BOWEN - Mar Apr 2024

Posted on Aug 27, 2024

High inventory should attract buyer interest



At the end of April 2024, Bowen Island’s year-over-year (YoY)* change in the MLS® Home Price Index or Benchmark Price was -6.5 per cent lower than in April 2023, the highest YoY loss for the same period when compared to other Metro Vancouver municipalities, and a reflec...

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STATS ON BOWEN - Jan Feb 2024

Posted on Mar 30, 2024

2024 market may be more active




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...

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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...

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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...

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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 

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