North Vancouver Townhome Market Update: Why Inventory is Up 22%
“• Inventory Pulse: Townhome listings in North Vancouver have increased 22.1% as families reassess their housing needs.
• Pricing Shift: The benchmark price for a North Shore townhome has adjusted downward by 5.6%.
• Bottom Line: The “Attached” segment is currently the most over-supplied, creating a rare “Buyer’s Market” within the North Shore.”
If you’ve been looking for a "family-sized" home in North Vancouver—something in Lynn Valley, Lower Lonsdale, or Seymour—you’ve likely noticed a change. For years, townhomes were the most competitive segment on the Shore, often selling in multiple offers within days. Today, the data shows a different reality. Townhome inventory has spiked by 22.1%, while sales volume has cooled by nearly 20%.
This divergence between supply and demand has pushed the sales-to-active ratio down to 16.6%. In analyst terms, we are entering a "Buyer's Market" for townhomes. Sellers who were holding out for 2022 prices are finding that they need to be more flexible on terms. For a buyer, this is the first time in a decade where you can realistically include a "Subject to Sale" clause or ask for a price reduction based on a home inspection. If you are looking to move from a condo to something larger, the "gap" in price between your apartment and a townhouse hasn't been this narrow in years.
North Vancouver Attached Segment Data
Townhome Benchmark Price: $1,046,100 (▼ 5.6% YoY)
Active Listings: 412 (▲ 22.1% YoY)
Sales-to-Active Ratio: 16.6% (▼ Down from 24.5% last year)
Average Price Per Sq Ft: $845 (▼ Moving toward value territory)
About Matt Council
Matt Council is a top-performing North Vancouver Realtor and West Van specialist with a background in finance. He moves beyond the sales hype to offer clients a data-driven, pressure-free approach to buying and selling real estate on the North Shore. Whether you are evaluating a presale in Lower Lonsdale or a detached home in Lynn Valley, Matt helps you understand the numbers behind the move.
Thinking of making a move? Let’s run the numbers.