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Mistakes to Avoid When Buying a Vancouver Townhouse!

Townhouses in Vancouver are highly sought after. If you live in Vancouver and you are thinking of buying a home, you are probably considering buying a Vancouver townhouse.

Townhouses are the ideal middle ground between living in a condo and buying a house. For many, they are a relatively affordable option that offers so many of the benefits of living in a house (like your own front door, outdoor space and a garage) but without the much heftier price range.

However, so many people buy townhouses in Vancouver without fully understanding what they are doing.

Over my career, I’ve seen it all…and I’ve seen people make some very costly mistakes. That’s why I made this video.

I want to help YOU avoid making these HUGE mistakes when you buy a Vancouver townhouse.

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Vancouver Real Estate – Monthly Market Update – Infographic – August 2024

Long story short, August was another slow month in Vancouver's real estate market. All activity slowed further as we progressed through the summer of 2024 (as I predicted).

Sales fell to 531 which was down significantly (-22%) from the 682 sales that happened in Vancouver in July....and coincidentally that's about the same difference (-22%) with sales a year ago. After trending more positively in the spring we are hoverinig now close to 30% below (-28.5%) the ten year average.

It appears that sellers have mostly received the markets message in the last couple months. In August we saw new listings taper off considerably to just 1,211 new listings for the month. This was down -30% from July, -16% from a year ago, and -4% from the 10 year average.

With fewer listings coming to market our overall listing inventory took the sharpest drop we've seen all year to 4,215. This was a decline of -8.4% from the previous month but +22% over the previous year (and +19.4% higher than the 10 year average)....

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Categories:   Weekly Vancouver Real Estate Update
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