Quick Market Update – Here’s What You Need to Know 👀

March 2025 Market Update 'Most favourable conditions in years': experts note buyer's market in Metro Vancouver Experts in the housing market are calling Metro Vancouver and the Fraser Valley a buyer's market, with more properties on the market and prices weakening. The Fraser Valley Real Estate Board says through February, buyers had more leverage and more time to explore options. With 7,251 active listings in January, the board says inventory was at a 10-year seasonal high - 54 per cent above the 10-year average. Greater Vancouver Realtors (GVR) paints a similar picture for the Metro market, calling it balanced. 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 March Food Events in Vancouver: Where to Feast This Month Newsflash: spring hits this month. So does a Japanese bagel-making class, a vintage travel-inspired dining experience (in domes!), a pottery painting class with a side of croque monsieur and Vancouver Cocktail Week. READ MORE Click the image to find out what's for sale in your neighbourhood. B.C. Real Estate News MACDONALD REALTY Opinion: Building homes and superstar cities is critical to Canada's future (BIV) LOWER MAINLAND Metro Vancouver still most expensive place to rent a home despite downward pressure (CityNews Everywhere) Buyers gaining upper hand in Fraser Valley real estate market (Financial Post) Sales Recovery In Greater Vancouver Real Estate Market Stalls (STOREYS) Vancouver home sales fall as market conditions more balanced in February: board (Canadian Mortgage Trends) VICTORIA AND VANCOUVER ISLAND VICTORIA REAL ESTATE OFF TO STRONG START IN 2025 (Business Examiner) Spectre of tariffs loom over Victoria housing market (Vancouver Island Free Daily) OKANAGAN Property taxes going up 12.3 per cent in Regional District of North Okanagan (Castanet) North, Central Okanagan housing sales increased annually in February (Vernon Matters) BRITISH COLUMBIA B.C. minister sees more housing certainty ahead despite trade war worries (BIV) BC Budget 2025: What The Province Has Planned For Housing (STOREYS) CANADA BMO Forecasts Interest Rate To Drop To 2% By July As Tariffs Go Into Effect (STOREYS) Precarious recovery for Canada's real estate market is underway (Calgary Herald) Tariffs set to slow pace of homebuilding in Canada (Financial Post) Home insurance rates increase in 2025 - report (Insurance Business)

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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)

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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.