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September 2021 Market Update

 

BCREA: 2021 Housing Forecast Update

The British Columbia Real Estate Association (BCREA) released its 2021 Third Quarter Housing Forecast Update.

Multiple Listing Service (MLS) residential sales in the province are forecast to rise 26 per cent to 118,350 units this year, after recording 94,007 sales in 2020. In 2022, MLS®residential sales are forecast to pull back 15 per cent to 100,150 units.

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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

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Surrey

North Vancouver

Parksville

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

South Okanagan

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Victoria

Vernon

West Vancouver

Whistler

14 Tips for Bringing Plants Inside and Caring for Them Through Winter

Even indoor plants can sometimes have a tough time surviving the winter. Fortunately, there's a lot you can do to help your house plants make it through the winter in the best of health. Here's what to keep in mind.

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B.C. Real Estate News

BRITISH COLUMBIA

Central 1: Caution as pandemic shifts towards greater normalization (Business Examiner)

Truth Tracker: Will the Liberal plan to ban blind bidding make homes more affordable, and can they even pull it off? (CTV News)

Forecast: B.C. home prices soar as supply falls (BIV)

7 things the fall housing market could have in store for buyers in B.C. (The Squamish Chief)

LOWER MAINLAND

Metro Vancouver home sales rise, listings fall (City News 1130)

Pace of home sales slowed in August, but prices still increasing: Vancouver board (Niagara Falls Review)

Demand for Fraser Valley homes continues to soar: FVRB (Vancouver Sun)

Fewer real estate listings, sales in Richmond last month (Richmond News)

Metro Vancouver is made for commercial real estate (Burnaby Now)

New housing data show a sluggish turnover rate (The Globe and Mail)

Metro Vancouver condo developers pivot to rentals (BIV)

WHISTLER & SQUAMISH

What is eco-design, and how is Squamish doing with it? (The Squamish Chief)

VICTORIA & VANCOUVER ISLAND

Historically low inventory fuelling real estate price hikes across Vancouver Island (My Cowichan Valley Now)

Lack of housing supply drives up prices, slows sales in August (Times Colonist)

Multi-building proposal pitched for Capital Iron area; could include a new art gallery (Times Colonist)

OKANAGAN

City of Kelowna selling two 'gateway' properties on Harvey Avenue for $11M (Glowbal News)

Kelowna council rejects 36-storey tower proposal for downtown (The Daily Courier)

Tiny homes get big boost in housing-starved Kelowna (BCB News)

Housing sales boom in Okanagan surges ahead (Kelowna Capital News)

 
 

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©2021 Macdonald Realty Ltd. 2105 W 38th Ave, Vancouver, B.C. V6M 1R8 | macrealty.com