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...
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...
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...
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...
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 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...