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December 2022 Market Update

 

It's official: Stratas in BC can no longer ban rentals

A new regulation banning stratas from the ability to restrict homeowners from renting out their residential units is now in effect.

Under the new leadership of BC Premier David Eby, the new legislation was proposed on Monday, November 21, and it was subsequently swiftly approved by the BC NDP majority.

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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

Gulf Islands

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

22 FREE holiday events in Metro Vancouver to make your spirits bright

It's the most wonderful time of the year and there are so many holly and jolly events to check out around the city.

But there's no need to blow your budget this holiday season! Get festive with our list of 22 FREE things to do in and around Vancouver this December, including Christmas lights, ice skating, festive floral walks and more.

READ MORE

 
 

B.C. Real Estate News

BRITISH COLUMBIA

Bank of Canada hikes key interest rate to 4.25%, signals pause could be near (Global News)

Cooling trend continues in B.C.'s residential real estate market (CTV News)

BC Assessment - 2023 Property Assessments Will Reflect July 1st Values (GlobeNewswire)

LOWER MAINLAND

Commercial office amenities get a new lease on life (Business in Vancouver)

Surrey City Council to consider reviving municipal-owned real estate development firm (Daily Hive)

What to expect from the upcoming Bank of Canada interest rate announcement (Daily Hive)

VICTORIA & VANCOUVER ISLAND

Capital region home sales slow down in November (Times Colonist)

Housing market regaining its footing in B.C. (Business in Vancouver)

OKANAGAN

Big White real estate values have spiked despite a slowdown in sales, report says (Global News)

 
 

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