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July 2018

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Did You Know There Are New Rules for the BC Real Estate Industry?

The Real Estate Council of BC has created new rules that effect how real estate advisors and their clients can work together throughout different types of real estate transactions. The rules came into effect June 15, 2018 and were created to enhance consumer protection and increase transparency in the industry. These rules include several new disclosure forms that all real estate advisors must present to consumers and their clients. The forms help you make an informed decision on your rights and the obligations and responsibilities of your advisor or if you choose to become an unrepresented party. In addition, if listing your property there is greater transparency on commissions. To understand how these new rules could apply to you in your next real estate transaction, talk with your real estate advisor and/or read more.

 
 

Monthly Local Market Update

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 for cities across B.C.

 

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 Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Victoria

Vernon

West Vancouver

Whistler

Summer time = Backyard Parties!

Now that you’ve made a major clean up of your backyard or deck, it’s time to host your perfect BBQ party. Enjoy summer time outdoors with your friends and family.

Check out these hacks to enjoy your party on your patio or in your backyard this summer.

 

B.C. Real Estate News

LOWER MAINLAND

BC housing markets easing into balance (BIV)

Commercial real estate sales drop off in much of Metro Vancouver (The Georgia Straight)

West Vancouver to add 5,000 homes over 25 years (Vancouver Courier)

VICTORIA & VANCOUVER ISLAND

Doubt cast on B.C. vacation-home price drop forecast (Vancouver Courier)

Home starts in Greater Victoria surge ahead of new speculation tax (Times Colonist)

WHISTLER & SUNSHINE COAST

Climbing innovation and highway upgrade helped turn Squamish into bedroom community of Vancouver(The Georgia Straight)

OKANAGAN

City of Kelowna buys waterfront property for $4.4 M (Global News)

 
 

This communication is not intended to cause or induce breach of an existing agency agreement.

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©2017 Macdonald Realty Ltd. 2105 W 38th Ave, Vancouver, B.C. V6M 1R8 | macrealty.com