West Vancouver
West Vancouver is a district municipality located in the province of British Columbia, Canada. The educational system of West Vancouver is marvelous. This city has 4 private schools and 17 public schools. Among these six are the high schools. More than 85 percent of the graduates join post-secondary schools. Because of these educational institutions families prefer to live in West Vancouver for a better future for their children.
Virtually there is no crime in West Vancouver. Moreover, the houses are available at very acceptable rates. The cost of living in West Vancouver is less than in New York. So, moving to West Vancouver would be the great decision of your life.
Market Condition of West Vancouver
The real estate market of West Vancouver is expected to continue as a market of sellers in 2021. A good supply is awaited for that of the downtown core and the low-interest rates of houses will continue to affect the housing activity.
Homebuyers are very anticipated to get the larger real estate properties in the suburban areas, rather than purchasing in the downtown core in recent years. The average housing sales price in West Vancouver was raised by 11.4 percent in the previous year as compared to in 2019.
It is said by the Real Estate Board of Great-West Vancouver that home sales in October in the area dropped to 5.2 % as compared to that a year ago. The home sales have decreased from 3,687 to 3,494.
Is the housing market of West Vancouver affordable?
Canadian Housing Statistics has presented a report which shows that house prices in the city change most dramatically detached from the local incomes in 3 provinces. The house prices in British Columbia are expected to increase in the coming year, but the sales were to take a dip according to new data represented by the Real Estate Association of British Columbia.
In the coming year, there will be almost 1 percent more sales than in the recent year. By the end of 2021, there will be a rise in housing prices but they will still be affordable. In October 2021 there were just 4,049 new listings in West Vancouver which shows a decrease of almost 22 percent. At the same time, the sales increased to 11 percent. The clash between sales and inventory has changed the sales to active listing ratio from almost 34 percent in September to more than 43 percent for October.
The crux of the above data is that it is the best time to buy a house in West Vancouver as real estate prices will increase in the coming year.
Houses range from $100k to $300k for sale in West Vancouver
You can buy a variety of houses within the range between $100 to $300K in West Vancouver. Let me give you an example. One bed and one bath apartments are available for sale at 205-1425 Esquimalt Avenue, West Vancouver, British Columbia. The cost of this house is only $ 299,000.
