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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.

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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.

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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)

CANADA

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)

 
 

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