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.
June 2022 saw the YoY Average Sale Price* down slightly at $1,749,019 or -0.43 per cent from the YoY record high in May 2022, notable because it is the first decline in a year. The YoY Average Sale Price increased 24.2 per cent over the...
Although the last 12 months of activity or YoY MLS® Home Price Index increased by $26,250 April to May and, at $1,474,950, represented a 60 per cent increase from May 2020, there are indications that market is softening.