Bowen Island: year-over-year changes in detached-home real estate
Posted on Nov 30, 2017
This snapshot of real estate year-over-year shows a definite cooling of Metro Vancouver’s over-heated detached-home market. Generally, across the Real Estate Board of Greater Vancouver (REBGV). the median sales price is holding but flat, sales are sluggish, both dollar volume and sales volume are down almost 30%, and the number of new listings is d...
Is the Stress Test necessary?
Posted on Oct 21, 2017
The stress test was introduced last fall to all applicants of insured mortgages (those with less than 20% down), but has now been extended to all mortgage applicants including uninsured borrowers, as that group comprises a larger segment of the mortgage market. The test requires an applicant’s income to qualify them for mortgage repayments at the B...
Bowen Island: a unique and entirely desireable real esate market
Posted on Sep 29, 2017 in About Bowen Island
BOWEN ISLAND is a unique market for real estate. We have a very broad spectrum of age, quality, style, location and value of housing across a limited inventory of homes, as demonstrated by the current MLS® active listings for Bowen. Listings range from $22.998,000 to $535,000, which is comparable to the range of detached homes listed across communi...
