Navigating the North Vancouver real estate market can be a complex task. Whether you're a first-time homebuyer or an experienced investor, understanding the local market will empower your real estate journey. In this guide, we share insights and practical tips when considering your next home in North Vancouver. From what’s happening in the market to closing the deal, we explore the ins and outs of the city.

The state of North Vancouver real estate

The real estate market in North Vancouver is equal parts dynamic and competitive. Some important factors to consider are housing mix, infrastructure, school districts, and property taxes. Let's delve deeper into each of these aspects.

A worthy investment

Many folks are called to North Vancouver’s unique geographical location. Nestled between the North Shore mountains to the north and the Vancouver harbour to the south, its major appeal stems from its proximity to unparalleled outdoor recreation in unison with its modern urban flair. 

Connected to Vancouver via the Ironworkers Memorial Second Narrows Crossing or SeaBus, the North Shore offers a serene setting in contrast to the buzz of downtown. However, many major projects have been adding to the city’s growth, including the transformation of Lower Lonsdale’s Shipyards to a lively destination for families and locals to hang. The once industrial zone is surrounded by local eateries and hosts live performances and farmer’s markets all through the summer months. 

Close by, Harbourside Waterfront by the North Shore Automall is undergoing a metamorphosis of its own. The large-scale project spans 12 acres of land, promising 900+ homes to the area as well as plenty of new retail and commercial options. Connected by the Spirit Trail, Harbourside Waterfront will include a new boardwalk, revitalized shorelines, and multiple pier extensions for boat access. 

North Vancouver is on an ascent and building additional homes to accommodate its growing population. When looking at North Vancouver from an investment perspective, the city is consistently considered a sound investment as property values and demand continue to rise in tandem.

Ready to make a move

Before you start house hunting, it's important to be prepared. From getting pre-approved for a mortgage to finding a knowledgeable real estate advisor, there are steps you’ll want to take to ensure your journey is as informed and as smooth as possible.

• Get pre-approved for a mortgage
• Partner with a trusted local real estate advisor with experience in North Vancouver
• Research neighborhoods to find the right fit for your lifestyle and budget
• Attend open houses and private showings with your advisor

Pre-approved for a smoother search

Getting pre-approved for a mortgage is the first step. This will give you a clear idea of what your budget is which will help narrow down your search. Once you know your budget, you can search homes with confidence knowing you’re able to make a solid, pre-approved offer when the opportunity arises.

Find your local guide

A knowledgeable advisor is a valuable asset. They are there to provide you with expert insights into the local market and help navigate each step of the buying process. By finding an advisor who specializes in North Vancouver, you can leverage their deep understanding of the area to find a home and neighbourhood that meets your needs. Taking into account the many factors that may impact your preferences, such as schooling options for families, or transit accessibility for downsizers.

Finding the right neighbourhood

Once you're pre-approved and have partnered with a trusted advisor, it's time to start exploring. North Vancouver has a myriad of neighbourhoods to choose from. Whether you’re partial to the bustle of Lonsdale with its troves of markets and restaurants, or the outdoor adventuring of Deep Cove, leading with the question “what lifestyle do I want for myself” will help guide your search. 

Once you’ve narrowed down a few neighbourhoods to consider, it’s important to see things for yourself. Plan some day trips to experience the neighbourhood at different times of the day for a sense of the community vibe and types of activities in the area. You can also check out the City of North Vancouver website to research any upcoming development or construction projects which could impact the future of a neighbourhood.

Some of our favourite North Shore neighbourhoods to consider: 

• Lynn Valley: Known for its beautiful parks, hiking trails, and outdoor recreational opportunities. It offers a mix of housing options and has a strong sense of community.
• Upper Lonsdale: Below the slopes of Grouse Mountain, Upper Lonsdale boasts stunning views of the city and the surrounding mountains. It's a predominantly residential area with a mix of single-family homes and condos.
• Edgemont Village: A charming neighbourhood with a village-like atmosphere, featuring upscale shops, cafes, and restaurants. It's known for its top-rated schools and family-friendly environment.
• Deep Cove: Located on the eastern edge of North Vancouver, Deep Cove is famous for its picturesque waterfront, outdoor activities, and small-town charm. It's a popular destination for kayaking and hiking for both locals and tourists.

Making an offer

Once you've found a home you see a future in, it's time to make your offer. In North Vancouver's sought-after market, it's important to work closely with your advisor to determine what would be a competitive offer. Your advisor will be there to guide you in this process by using supportive data and explaining the factors at play when deciding the right number to put forth – it's not always the highest offer that gets accepted.

Closing the deal

Closing the deal is the final step in your home-buying journey. First, you'll  finalize your mortgage before completing a title search and home inspection. Finally, you'll sign the paperwork before getting the keys to your new home. The closing process can be complex. It involves a lot of legal paperwork and additional closing costs, including legal fees, land transfer taxes, and home inspection fees.  Lean into the support from your seasoned advisor to ensure you’re supported and prepared through every step. 

With the right preparation, knowledge, and advisor, you can navigate the home-buying journey in North Vancouver with confidence. Enjoy the experience and grow with your new community. 




Looking to find a new home in North Vancouver? Connect with a rennie advisor to help you navigate the housing market and the home-buying process.