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August 2020 Market Update

 

Space, access to outdoors drawing homebuyers to B.C.'s Interior during pandemic: real estate groups

Property sales in B.C.'s Interior are on the rise, and real estate agents say a growing number of their clients are people looking for more space to wait out the COVID-19 pandemic.

After a spring dip attributed to the coronavirus, residential sales in the Okanagan and Shuswap regions increased in both June and July, according to new numbers released by the Okanagan Mainline Real Estate Board.

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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.

 

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

Staycation 2020: B.C. summer deals and destinations you may have overlooked

From remote high-end retreats normally reserved by international tourists to affordable and off-the-beaten-path family-friendly adventures, there are some deals and hidden gems to uncover in B.C.'s backyard this summer.

Overlooking a private glacial lake in the Chilcotin, the Chilko Experience Wilderness Resort offers grizzly bear viewing, horse riding, and all the toys you need for nature's playground - at a cost of US$2,950 per person for a three-night stay.

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B.C. Real Estate News

BRITISH COLUMBIA

Poll finds steady support for B.C. government's housing taxes (Vancouver Courier)

Open houses start up again in B.C. (CTV News)

Owe money for rent during the pandemic? Here's B.C.'s plan for tenants to pay back their landlords (CTV News)

LOWER MAINLAND

Vancouver's empty homes tax revenue being used for more than 250 affordable homes (CTV News)

'Pent up demand' leads to big boost in home sales across B.C.'s Lower Mainland(CTV News)

Vancouver home sales jump to 3,128 in July while prices rise amid lower supply (Squamish Chief)

Hot July for Vancouver area home sales (City News)

Lower Mainland home sales up and prices rise as supply dips (Vancouver Sun)

Pandemic shifts property sales into digital realm (Business in Vancouver)

Surrey approves $692m worth of development (Business in Vancouver)

Greater Vancouver Sees Biggest Single-Month Surge Of Inventory In Half A Decade (Better Dwelling)

Vancouver council approves 28-storey rental tower on West Broadway (Business in Vancouver)

WHISTLER & SQUAMISH

Everyone's a rezoning critic (Squamish Chief)

Bylaw to raise Squamish's development cost charges passes first reading (Squamish Chief)

OCP adoption paves way for new development (Pique News)

VICTORIA & VANCOUVER ISLAND

Victoria real estate market sees 'unseasonably busy' summer (CTV News)

Victoria development receives first green loan in Canada (Business in Vancouver)

OKANAGAN

Community group questions lease of former RCMP site in downtown Kelowna(Global News)

 
 

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