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Which Areas of Metro Vancouver Are The Most Affected By Current Housing Market?


Blog by Rod & Rhea Hayes | February 11th, 2019


It's no secret that home prices across Metro Vancouver have been falling in recent months, but a report released Wednesday by a real estate website is shedding new light on exactly how different parts of the region are being affected.

According to calculations by Zoocasa the effect has been most dramatic in Vancouver's West Side.

The benchmark price for a detached home in that part of the city fell by more than 14 per cent—or about $500,000—between January 2018 and the same month this year and now sits at a little over $3 million.

West Vancouver was second on the list with a decline of 15.4 per cent or about $477,000. The average price of a house in the North Shore municipality was about $2.6 million at the time of Zoocasa's survey...

https://bc.ctvnews.ca/polopoly_fs/1.4285644!/httpImage/image.jpg_gen/derivatives/landscape_620/image.jpg
This infographic shows changes in the price of detached homes across Metro Vancouver between January 2018 and the same month this year.

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