Wow, it's November so here's your Market Update!

November 2024 Market Update Vancouver home sales surge in October amid lower borrowing costs Greater Vancouver Realtors says home sales in the region jumped 31.9 per cent in October compared with the same month last year, marking potential early signs of a long-awaited rebound after the Bank of Canada's four consecutive cuts to its key interest rate. The real estate board says there were 2,632 sales of existing residential homes last month, which is just 5.5 per cent below the 10-year average after months of tracking approximately twenty per cent below those trends. READ MORE Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single-family homes in cities across BC. For more up-to-date market information please visit macrealty.com/blog. Abbotsford Bowen Island Burnaby East Burnaby North Burnaby South Cloverdale Coquitlam Greater Victoria Kelowna Ladner Langley Maple Ridge Mission Nanaimo ​​​​​​​New Westminster North Delta North Okanagan North Surrey North Vancouver Parksville / Qualicum Pitt Meadows Port Coquitlam Port Moody Richmond Saanich Peninsula South Okanagan South Surrey / White Rock Squamish Sunshine Coast Surrey - Central Tsawwassen Vancouver - East Vancouver - West Vancouver Island Victoria Core Westshore West Vancouver Whistler Discover Vancouver Island's backroads with BC's online map If you're hoping to play in Vancouver Island's wild backcountry this fall, there are some hidden gems perfect for the off-roading enthusiast or a well-equipped trail lover. Many of these service roads are hidden shortcuts that lead to hikes, lakes, and rivers often undiscovered by tourists. It's part of what makes Vancouver Island such a thrill to explore — finding those secret spots that feel like your own little piece of the wild. READ MORE B.C. Real Estate News LOWER MAINLAND Metro Vancouver home sales jump 32% in October amid lower mortgage rates (Canadian Mortgage Trends) Vancouver home sales surge in October amid lower borrowing costs: board (BNN Bloomberg) October home sales surge in Richmond (Richmond News) Fraser Valley home sales rise significantly after interest rate cut (Fraser Valley Today) VICTORIA AND VANCOUVER ISLAND VREB: Victoria Market Exceeds Expectations But Remains Balanced (Business Examiner) Complexity of Vancouver Island's housing crisis highlighted at economic summit (Goldstream News Gazette) ​​​​​​​ OKANAGAN Major rezoning proposed for properties on Kelowna's transit supportive corridors (Kelowna Now) BRITISH COLUMBIA Municipalities fall short of B.C.'s housing targets, Victoria only city to pass target (Vancouver Sun) B.C. municipalities press province on infrastructure, housing and health (Nanaimo News Bulletin) CANADA Beyond Vancouver, B.C.'s secondary real estate markets poised for investor growth (BIV) Calgary and Vancouver housing sales rise suggesting buyers 'finally' responding to rate cuts (Financial Post)

macrealty.com

This communication is not intended to cause or induce breach of an existing agency agreement. Listing information is deemed reliable, but not guaranteed.

Rechat ® 2024, All Rights Reserved. MLS ® Terms, If you don't want to receive emails from us, please unsubscribe from our newsletter list.

Fall into Real Estate with Me!

Dear Friends, Fall is in the air, and with it comes exciting change! I'm thrilled to announce that I've joined Macdonald Realty as a licensed real estate agent. After honing my skills in hospitality, photography, and creative direction, I'm eager to bring my passion for people, exceptional service, beautiful spaces, and community-building to the world of real estate. I'm beyond excited (okay, obsessed!) with this new career path and can't wait to leverage my talents and knowledge to help you, your friends, colleagues, and family. Expect regular updates from me, including: - Market insights and behind-the-scenes peeks into Vancouver's dynamic market - A dash of humour and fun (because real estate doesn't have to be boring!) - Expert guidance and genuine care for your goals and needs Follow me on TikTok and Instagram @danielburkerealestate for updates and the content you didn't know you needed in your life. If monthly market updates aren't your cup of tea, no worries! Just let me know. But if you're curious about Vancouver's real estate landscape, I'm always here to chat. Let's grab coffee (or a PSL) soon! Your support means everything, and I'd be honored to help you navigate Vancouver's real estate market. All the best, September 2024 Market Update B.C. unveils standardized home designs with focus on faster approval, lower building costs The provincial government has unveiled a catalogue of 10 standardized home designs to help lower the cost of building small-scale, multi-unit housing. Developers and home builders can take the designs, which are available for free online, and use them like building blocks, stacking and rearranging outlines for a base, one or two upper floors and a roof. READ MORE Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single-family homes in cities across BC. For more up-to-date market information please visit macrealty.com/blog. Abbotsford Bowen Island Burnaby East Burnaby North Burnaby South Cloverdale Coquitlam Greater Victoria Kelowna Ladner Langley Maple Ridge Mission Nanaimo New Westminster North Delta North Okanagan North Surrey North Vancouver Parksville / Qualicum Pitt Meadows Port Coquitlam Port Moody Richmond Saanich Peninsula South Okanagan South Surrey / White Rock Squamish Sunshine Coast Surrey - Central Tsawwassen Vancouver - East Vancouver - West Vancouver Island Victoria Core Westshore West Vancouver Whistler Canadian real estate sees growth in Q2 as inflation eases and rate cuts loom Morguard's 2024 Economic Outlook and Market Fundamentals Second Quarter Update reported positive momentum in the Canadian commercial real estate sector. READ MORE B.C. Real Estate News LOWER MAINLAND ​​​​​​​Vancouver's AI surge a boon for real estate, says CBRE report (BVI) Dramatic turnaround predicted for Metro Vancouver housing market (Daily Hive) A balanced Greater Vancouver market with modest price growth predicted in 2024 H2: GVR (Real Estate Magazine) VICTORIA AND VANCOUVER ISLAND ​​​​​​​Greater Victoria real estate sales drop in August (Times Colonist) Vancouver Island resort for sale costs less than some BC homes (Daily Hive) OKANAGAN Kelowna experiencing buyer's market as real estate listings increase (Global News) Big upsurge in Okanagan, Kamloops real estate listings, but prices stay stubborn (Infotel) BRITISH COLUMBIA ​​​​​​​Better mortgage rates but not prices for B.C. homeowners, buyers after BoC rate cut (Global News) 'A Dramatic Shift': Provincial Fund Now The Biggest Buyer In BC's Multi-Family Market (Storeys) BRITISH COLUMBIA ​​​​​​​Canada Orders Federal Workers Back To Office To Bolster Real Estate (Better Dwelling) Real estate industry sees potential boost from Canada's third rate cut this year (CoStar) Canada's Ban On Foreign Property Buyers: How It May Affect You (Forbes)

macrealty.com

This communication is not intended to cause or induce breach of an existing agency agreement. Listing information is deemed reliable, but not guaranteed.

Rechat ® 2024, All Rights Reserved. MLS ® Terms, If you don't want to receive emails from us, please unsubscribe from our newsletter list.