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May 2018

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Metro Vancouver housing starts roar as sales go quiet

As housing sales dropped to the lowest level in five years, Metro Vancouver new home starts have soared in the first quarter of the year, with starts in Vancouver alone more than twice as high as during the same period in 2017.

There were 6,542 home sales on the Multiple Listing Service (MLS) in Metro Vancouver during the first quarter of 2018, which is a 13.1 per cent decrease from the same period last year.

But total housing starts across the region increased to 6,864 units in the first three months of 2018, up 30 per cent from a year earlier.

 
 

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

20 Things You Should Deep Clean This Spring

When the weather starts to warm up, it's a sign to bust open your windows - and your cleaning supplies cabinet. Yes, it's already that time of year again. Don't know where to start? Use this list, which includes all the spots you've likely neglected for the past year and how to tackle them like a pro.

 

B.C. Real Estate News

LOWER MAINLAND

Vancouver house sales hit 17-year low for April as government measures spook buyers (Globe and Mail)

Amazon coming to Vancouver reminds everyone affordability is a 2-way street (CBC)

British Columbia considers halt to exclusive access for condo presales (Globe and Mail)

Home buyers less active in Delta (Delta Optimist)

1,800 homes and more retail in CF Richmond Centre redevelopment (Urbanized)

Fewer foreign buyers in Coquitlam after property tax hike (Tri-City News)

VICTORIA & VANCOUVER ISLAND

Real estate sales fall, prices climb (Times Colonist)

Double-digit home price increase on Vancouver Island (Chek)

WHISTLER & SUNSHINE COAST

Whistler now tops Vancouver as Canada’s craziest housing market (BNN)

Hard to predict where the real estate market will go from here (The Squamish Chief)

With home prices inching above $1M, Squamish remains exempt from the speculation tax (Global News)

OKANAGAN

Okanagan realtors add voices to anti-speculation tax coalition (Kelowna Capital News)

Major Kelowna development attracting plenty of buyers despite fears of speculation tax (Global News)

 
 

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