The average price for a house in North Vancouver is approximately $1.31 million across all property types, according to September 2025 data. For those specifically looking at detached houses, the benchmark price was around $2.12 million in July 2024. These figures highlight North Vancouver’s position as one of Metro Vancouver’s most desirable real estate markets, where stunning natural beauty meets urban convenience.
Navigating the real estate market can be complex, especially in a dynamic area like North Vancouver. This guide breaks down the current housing prices, market trends, and neighbourhood-specific details to help you make an informed decision. Whether you’re a first-time buyer or a seasoned investor, understanding these factors is the first step toward finding your perfect home.
Disclaimer: Housing market data is dynamic. It is crucial to consult a local real estate professional for the most up-to-date information when making buying or selling decisions.
North Vancouver Housing Market Overview (Fall 2025)
North Vancouver has long been a sought-after location, but the market has recently shifted. While it was previously a strong seller’s market, conditions are now becoming more balanced. An increase in new listings has given buyers more options, while economic factors like interest rates have cooled the rapid price growth seen in previous years.
A Closer Look at Property Prices
Prices vary significantly depending on the type of property you’re looking for. Here’s a detailed breakdown based on recent data:
- Detached Houses: The benchmark price for a detached house in North Vancouver was approximately $2.12 million as of July 2024. The broader Metro Vancouver benchmark for detached homes was slightly lower at $1.95 million in August 2025, reflecting North Vancouver’s premium status. For those considering a custom build, construction costs typically range from $450 to $750 per square foot.
- Townhouses: The average price for a townhouse in North Vancouver is approximately $1.4 million as of September 2025. The price range for these properties is wide, stretching from around $539,000 to $2.1 million, depending on size, location, and features.
- Condominiums: Condos offer a more accessible entry point into the market. The median list price for a condo in North Vancouver is approximately $868,000, with some units available for under $600,000. It’s worth noting that average condo prices in Vancouver saw a decline of 4.59% in the first half of 2025, suggesting a potential opportunity for buyers.
Key Market Dynamics
Several factors are currently shaping the North Vancouver real estate market:
- Increased Inventory: The number of homes for sale has risen, giving buyers more negotiating power. Nationally, inventory was up 10.1% year-over-year in August 2025, a trend reflected locally.
- Mixed Sales Activity: While some areas saw a bump in sales in August 2025, overall activity in North Vancouver declined from July to August. This indicates a market that is stabilizing rather than accelerating.
- Buyer-Friendly Conditions: With more listings and easing prices, the market is becoming more favourable for buyers. As sellers’ and buyers’ price expectations begin to align, more transactions are likely to occur. However, if supply tightens again, competition could heat up.
- Affordability Challenges: Housing affordability remains a significant hurdle in Metro Vancouver. Many homeowners renewing their mortgages at higher interest rates are reassessing their housing needs, which could drive more activity in the market.
Factors Influencing North Vancouver Real Estate
Why does North Vancouver command such high property values? A unique combination of geographic, economic, and lifestyle factors makes it a prime location.
Supply and Demand
The fundamental principles of economics are clearly at play here.
- Supply Constraints: North Vancouver is geographically constrained by the mountains to the north and the Burrard Inlet to the south. This limited land, combined with occasional developer delays, restricts the new housing supply and keeps property values high.
- Persistent Buyer Demand: The area’s appeal is undeniable. Families are drawn to its top-rated schools and community amenities, while professionals value the easy access to downtown Vancouver and abundant recreational opportunities. This consistent demand supports a strong real estate market.
Economic Influences
Broader economic trends have a direct impact on the local market.
- Interest Rates: Rising interest rates have made it more challenging for buyers to secure financing, which has helped to stabilize or even slightly lower prices.
- Economic Uncertainty: General economic uncertainty can affect buyer confidence, leading some to postpone their purchasing decisions. This has contributed to the market’s recent cooling trend.
Unbeatable Location and Lifestyle
Ultimately, North Vancouver’s biggest draw is the lifestyle it offers.
- Natural Beauty: Proximity to mountains, forests, and the ocean provides residents with an unparalleled outdoor playground.
- Excellent Amenities: The area boasts top-rated schools, family-friendly parks, community centres, and a vibrant dining and shopping scene.
Convenient Commute: The Lions Gate Bridge and SeaBus provide quick and easy access to downtown Vancouver, making it a practical choice for commuters.
As an award winning realtor who has lived my entire life on the North Shore, let me showcase your home and all the beauty this area has to offer. Get in touch now.
Price Breakdown by North Vancouver Neighbourhood
North Vancouver is a mosaic of distinct neighbourhoods, each offering a unique lifestyle and price point. Understanding these differences is key to finding the right fit for your budget and preferences.
Premium Neighbourhoods
These areas are known for their upscale living, luxurious homes, and high demand.
- Edgemont Village: This charming, walkable village is known for its boutique shops, cozy cafes, and strong community feel. Homes here are highly sought after, reflecting a premium price tag.
- Deep Cove: A picturesque waterfront community, Deep Cove is famous for its outdoor recreation, including kayaking and hiking. Its stunning views and village atmosphere make it one of the most expensive areas in North Vancouver.
- Canyon Heights: Located at the base of Grouse Mountain, this prestigious neighbourhood features luxury homes and unparalleled access to outdoor activities. Its top-rated schools also make it a top choice for families.
Mid-Range Neighbourhoods
These communities offer a great balance of lifestyle, value, and access to amenities.
- Lynn Valley: Known for its lush green spaces and family-friendly atmosphere, Lynn Valley offers a vibrant community with great schools and the famous Lynn Canyon Park.
- Upper Lonsdale: Perched on the slope of the North Shore mountains, this area provides stunning views and a mix of single-family homes and townhouses. It’s a family-oriented community with convenient access to amenities.
- Capilano Highlands: Nestled between two parks, this leafy neighbourhood is popular with families and offers a blend of nature and accessibility, with Lonsdale Avenue’s shops and restaurants nearby.
Entry-Level and More Affordable Neighbourhoods
These areas provide relatively more affordable options for entering the North Vancouver market.
- Central Lonsdale: As the urban heart of North Vancouver, Central Lonsdale is a bustling, walkable community with a high concentration of condos and townhouses. Its excellent transit links and vibrant commercial scene make it ideal for those seeking an urban lifestyle.
- Lynnmour: Located just north of the Ironworkers Memorial Bridge, Lynnmour is a growing neighbourhood offering a mix of housing types and easy access to downtown.
- Norgate: Situated in the southwest corner of the district, Norgate is a family-friendly community with a strong community spirit and more accessible price points for its single-family homes and townhouses.
Let’s Find Your North Vancouver Home
Navigating the North Vancouver real estate market requires timely information and local expertise. As you can see, prices and conditions vary significantly not just by property type but also by neighbourhood. Making a major financial decision like buying a home shouldn’t be a stressful experience.
Having lived on the North Shore my entire life, I have over 40 years of firsthand knowledge of this beautiful area and its real estate market. My goal is to make your buying or selling journey as smooth and financially rewarding as possible. I’ve been honoured to help hundreds of clients, earning awards like the RE/MAX Lifetime Achievement and Hall of Fame awards along the way. But the greatest reward is the trust and relationships built with the people I serve.
If you have questions about a specific neighbourhood, want the latest market data, or are ready to start viewing properties, I’m here to help. I can provide insights that go beyond the numbers, from local school reputations to the best coffee shops in the village.
Ready to take the next step? Let’s connect and discuss how we can achieve your real estate goals in North Vancouver.
Frequently Asked Questions
What is the most expensive neighbourhood in North Vancouver?
Based on recent market data and property values, Edgemont Village and Deep Cove are consistently among the most expensive neighbourhoods. These areas are highly desirable due to their unique lifestyle offerings, stunning scenery, and upscale homes, which command premium prices.
Is it a good time to buy a house in North Vancouver?
The fall of 2025 presents a more balanced market than in previous years. Increased inventory and stabilized prices have created more favourable conditions for buyers. While affordability remains a challenge, the potential for less competition makes it a good time to explore your options. However, market conditions can change quickly, so consulting with a local real estate professional is essential.
What are the property taxes like in North Vancouver?
Property taxes in North Vancouver are based on the assessed value of your home and the current municipal tax rate. Rates can vary annually. For the most accurate and up-to-date information on property tax rates, it’s best to check the official District of North Vancouver or City of North Vancouver websites.
How does the North Vancouver market compare to West Vancouver?
Both North and West Vancouver are premium markets on the North Shore, but they have distinct characteristics. West Vancouver is generally considered more exclusive and has a higher average home price. It is known for its large, luxurious estates and waterfront properties. North Vancouver offers a broader range of housing types, including more condos and townhouses, and is often seen as more family-oriented with a vibrant community feel.
