Be in the know in 2019!  Kitsilano condo & real estate blog

Kitsilano condo inventory & sales up in March while house inventory down

Posted on Apr 08, 2019

 Condos & Townhomes - Kitsilano condo inventory increases in March to highest levels in over a year

Vancouver’s neighbourhood of Kitsilano experienced strong sales activity in the spring cycle though inventory reached the highest levels seen in 13 months. The greatest demand remains for one bedroom condos under $500K.

How do we know? List to Sales Ra...

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Housing policies lead to lowest real estate sales in three decades

Posted on Apr 08, 2019

Metro Vancouver home sales dipped to the lowest levels seen in March in more than three decades.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,727 in March 2019, a 31.4 per cent decrease from the 2,517 sales recorded in March 2018, and a 16.4 per cent increase from the 1,484 homes sol...

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Is the 2019 Federal Budget going to help our housing market? A perspective

Posted on Mar 21, 2019

Improving Affordability Today: Support for First-Time Home Buyers

To help make homeownership more affordable for first-time home buyers, Budget 2019 introduces the First-Time Home Buyer Incentive.

  • The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their...

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Year over year sales down, while condo market improves since January

Posted on Mar 08, 2019

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,484 in February 2019, a 32.8 per cent decrease from the 2,207 sales recorded in February 2018, and a 34.5 per cent increase from the 1,103 homes sold in January 2019. 

Last month’s sales were 42.5 per cent below the 10-year February sales...

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Kitsilano condos & townhomes see 61% growth in prices since 2014

Posted on Feb 24, 2019

The Kitsilano neighbourhood on Vancouver's Westside saw median prices rise by 61% for condos and townhomes in the last 5 years.  The median price in 2014 was $484,200 versus $778,500 in 2018.  While this is positive news for most Kitsilano home owners the challenge of affordability continues to grow each year for all neighbourhoods on the Westside. 


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Kitsilano Two Bedroom Condo Update - 90 Day Trends

Posted on Feb 21, 2019

The Kitsilano one bedroom condo market is "balanced" in February.  When looking at the 9-0 day trend the averages are: asking price $1.15M, days on market 49, sold price 2% below asking, and a 10% decrease in homes for sale. 

The least expensive one bedroom condo is listed for $619,900, the most expensive $2,800,000. 

Here's the breakdown:

If you are th...

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