Thursday, November 7, 2024

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.


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.
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.

B.C. Real Estate News
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.