October was a quieter month for Metro Vancouver real estate. A surprise Bank of Canada rate hike and a snap provincial election dominated the headlines, and many buyers and sellers stepped back. There were 2,024 home sales, down 10.2% from last October and 22.5% below the 10-year seasonal average. New listings fell 11.6% year-over-year to 4,805. Total inventory sits at 15,688 homes. That’s 4.3% fewer than a year ago, but still 24% above the 10-year average. Rennie's latest report says the broader region has moved back into balanced territory, while detached homes are still in buyers’ territory.Prices eased again. The benchmark price for all residential properties in Metro Vancouver is now $1,068,600, down 5.2% from a year ago and 0.7% from September. Detached homes are down 7% year-over-year, townhomes are down 5.5%, and condos are down 5.9%.Here’s what that means. Buyers still have choice and room to negotiate, and prices are lower than they were a year ago. The catch is that higher borrowing costs have eaten into some of those savings, so it pays to get your financing lined up early. For sellers, the homes that sell are the ones priced for today’s market. If you’re thinking about a move this winter, let’s talk it through.
This updated three-bedroom family home sits on a flat, sunny quarter-acre lot, with a large private yard and a deck for gardening, play and entertaining. The kitchen was renovated in 2022, the bathrooms have been modernized, and the fully finished lower level includes a permitted workshop/office addition. The outside has new cedar siding, new gutters and fresh paint. Canyon Heights Elementary, Handsworth Secondary, Edgemont Village, Grouse Mountain and local trails are all close by.
$2,198,000 | 3 Beds | 2 Baths | 2,420 Sq. Ft. | 11,529 Sq. Ft. Lot | Built 1959
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This corner half duplex in the heart of Cedar Cottage has three bedrooms on one level. Built in 2013, it has Caesar Stone countertops, stainless steel appliances, hot water on demand, radiant heating, newly refinished engineered hardwood floors and in-unit laundry. There’s a private front patio with a gas hookup for the barbecue, plus a balcony. The neighbourhood is close-knit and known for its block parties, with Tyee Elementary, Trout Lake, Sunnyside Park and Save-On Foods nearby.
This corner half duplex in the heart of Cedar Cottage has three bedrooms on one level. Built in 2013, it has Caesar Stone countertops, stainless steel appliances, hot water on demand, radiant heating, newly refinished engineered hardwood floors and in-unit laundry. There’s a private front patio with a gas hookup for the barbecue, plus a balcony. The neighbourhood is close-knit and known for its block parties, with Tyee Elementary, Trout Lake, Sunnyside Park and Save-On Foods nearby.
$1,275,000 | 3 Beds | 2 Baths | 981 Sq. Ft. | Built 2013.
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This south-facing townhome is deceptively spacious and lives more like a detached house. Its three levels hold five bedrooms and five bathrooms, with vaulted ceilings, skylights and two bedroom suites with their own ensuites, one on the main floor and one upstairs. Recent updates include new flooring, refreshed bathrooms, new lighting and fresh paint. The above-ground lower level works as a gym, an office or space for multi-family living. South-facing decks, a double garage and a quiet cul-de-sac in the Handsworth catchment complete the package.
This south-facing townhome is deceptively spacious and lives more like a detached house. Its three levels hold five bedrooms and five bathrooms, with vaulted ceilings, skylights and two bedroom suites with their own ensuites, one on the main floor and one upstairs. Recent updates include new flooring, refreshed bathrooms, new lighting and fresh paint. The above-ground lower level works as a gym, an office or space for multi-family living. South-facing decks, a double garage and a quiet cul-de-sac in the Handsworth catchment complete the package.
$1,825,000 | 5 Beds | 5 Baths | 3,338 Sq. Ft. | Built 1984
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What’s on this November
Snap a holiday photo with Santa at the Summit Lodge, then head to Santa’s Workshop to decorate a gingerbread cookie, make a wooden ornament or do some Christmas colouring. Time slots are limited, so book ahead.
What’s on this November
Photos with Santa at the Summit | Sea to Sky Gondola
November 27 to 30 and December 4 to 7 | 9:30am to 1:30pm | $30 for one photo, $40 for two (gondola access not included)Snap a holiday photo with Santa at the Summit Lodge, then head to Santa’s Workshop to decorate a gingerbread cookie, make a wooden ornament or do some Christmas colouring. Time slots are limited, so book ahead.
Shipyards Christmas Market | The Shipyards, North Vancouver
November 27 to December 24 | Sunday to Thursday 11:00am to 9:00pm | Friday & Saturday 11:00am to 10:00pm | FreeThe waterfront fills with wooden chalets, artisan gifts, European food, an ice rink and Santa’s chalet. It’s free every day, and it’s an easy holiday outing for the whole family right here on the North Shore.
Mercato delle Stelle: An Italian Christmas Market | St. Francis-in-the-Wood
Saturday, November 28 | 10:00am to 6:00pmLocal artisans will be selling handmade gifts, baked goods, soy candles and organic olive oil. There’s live music from children’s performer Katie Brock and the jazz combo Something Cool, plus tours of the church’s stained glass windows. It’s a cozy way to start your holiday shopping in West Vancouver.Want to see everything we’ve got on the market right now?
★★★★★
“Sean and Kim are a great team. They are knowledgeable, experienced, honest, and work hard for their clients. I have been involved in 3 very different deals with them and each deal has gone very well in my favour. I highly recommend them to anyone looking to buy or sell a property - residential, commercial, or recreational.”
- Shahrokh Khorram, Google Review
A quieter season is a good time to plan.
If you’re weighing a move in the new year, wondering what your home is worth right now, or just want to know what these numbers mean for you, we’re happy to talk. No pressure, no pitch, just an honest conversation about where things stand.
Enjoy the rest of your November!
