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October 2021 Market Update

 

2021 Real Estate Report: With a push from COVID, the B.C. property market is reinventing itself

We explore four themes: why industrial real estate keeps booming, where British Columbians will work post-pandemic, how that event changed housing patterns, and what First Nations’ rise as developers means for them and for the province's shelter shortage.

In many towns and cities...outside the hot spots of Vancouver and Victoria, housing shortages that were chronic for years in the North and the Interior have morphed into more serious crises, with community leaders ransacking the policy world for solutions. That’s just one of the tectonic shifts happening.

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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

45 DIY Fall Decor Ideas to Transform Your Space for the Season

Of course, fall is all about enjoying everything from leaf peeping trips to baking delicious desserts like pumpkin or apple pie. The season is also a cue to transition your home's decor, but don't worry, that doesn't have to mean blowing your budget on new rugs, pillows and other accents.

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B.C. Real Estate News

BRITISH COLUMBIA

Here's how the housing landscape could change under a newly re-elected Liberal government (CBC News)

Average home price in B.C. starts to pick up amid "drought" in sale listings (Straight)

Home price appreciation easing across Canada (RBC Economics)

Latest threats of rising interest rates and high inflation may shift real estate outlook (CBC News)

The Canadian Real Estate Industry Has Forecast Face Ripping Price Gains Next Year (Better Dwelling)

LOWER MAINLAND

Supply 'insufficient' to meet current Vancouver market demand: real estate board (CTV News)

Home demand still outstrips supply in the Vancouver area, but price hikes slow: report (CBC News)

Vancouver real estate: Pace of home sales slowed in August but prices still rising, board says (CTV News)

Expect growth in markets that offer a solution for 'the missing middle' (The Squamish Chief)

WHISTLER & SQUAMISH

This big development could reshape downtown Squamish (The Squamish Chief)

Can multi-home lots address Whistler’s ‘missing middle housing? (PIQUe NEWSMAGAZINE)

VICTORIA & VANCOUVER ISLAND

Homes listed for sale in Metro Vancouver have fallen to lows not seen since 2016 (Victoria News)

Vancouver Island real estate searches see major uptick (Coast Reporter)

OKANAGAN

Okanagan real estate showing signs of normalcy (Business Examiner)

Real estate prices fall in Central and South Okanagan (infotel)

 
 

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