In the North Vancouver housing market in October 2023, prices have remained stagnant for the past six months, indicating a relative stability in the market. Sales have shown a slight increase, with 28 more transactions than in September, which is a typical seasonal trend for this time of year. However, a concerning development is the revelation that 20% of mortgages, as reported by big banks, are not even covering their interest on their monthly mortgage payments…yikes! This is trouble for homeowners set to refinance in the near future. Furthermore, Airbnb and short-term rental investors are feeling the pressure to sell due to new legislation in British Columbia. There are also new housing laws in BC designed to address the housing crisis by allowing single-family home lots to be converted into up to six dwellings, potentially increasing housing supply and affordability in the region.
About Luke
Luke is a dedicated and experienced real estate agent who specializes in the North Vancouver area. With years of experience listing and buying properties all over Vancouver, Luke has a deep understanding of the local real estate market and can provide his clients with invaluable insights and advice.
What sets Luke apart from other real estate agents is his extensive experience in home renovation. With over 7 years of experience in renovating homes, Luke has a keen eye for detail and a deep understanding of the factors that can impact a property's value. This knowledge and expertise make him an invaluable asset to any real estate transaction, whether you're buying or selling a property.
Luke's passion for real estate and dedication to his clients make him an outstanding agent. He is committed to providing his clients with personalized service and attention to detail, ensuring that they have all the information they need to make informed decisions about their real estate transactions. His expertise, professionalism, and commitment to excellence have earned him a reputation as one of the top real estate agents in the North Vancouver area.
Whether you're looking to buy or sell a property in North Vancouver or elsewhere in Vancouver, Luke is the agent you can trust to guide you through the process and achieve your goals.
Luke Annunziello | North Vancouver Realtor
109 Lonsdale Ave, North Vancouver
BC, V7M 2E7
