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Rick Alder

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November 2020 Market Update

 

B.C. real estate: average home price forecast by end of 2020 to rise nearly 10 percent over 2019

The B.C. Real Estate Association predicts that the average price of a home by the end of this year will rise 9.9 percent over 2019.

The BCREA made the projection in its fourth quarter housing forecast.

The estimate represents an even rosier outlook compared to the association’s previous housing prediction.

In its third quarter housing forecast released on August 25, the BCREA stated that the average price in 2020 will top those in 2019 by 7.7 percent.

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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

B.C. real estate agents asked to suspend open houses to protect clients from COVID 19

Real estate agents across British Columbia are being asked to temporarily stop holding open houses in an effort to curb the rise of COVID-19.

The recommendation comes from the regulatory agencies overseeing B.C. real estate professionals as well as the provincial association representing Realtors.

READ MORE

 
 

B.C. Real Estate News

LOWER MAINLAND

Average Greater Vancouver house to hit $1.7 million in 2021 (Western Investor)

Metro Vancouver real estate experienced second busiest October on record (Vancouver Sun)

Vancouver real estate: Housing market posts 2nd-best October on record as sales rise 29% (CTV News)

Sales volumes remain exceptional in the Fraser Valley (Global Newswire)

Near-record real estate sales across Metro Vancouver (Maple Ridge News)

Vancouver, Calgary chop commercial property taxes (Western Investor)

Where are the opportunities in Western Canadian commercial real estate? (Mortgage Broker News)

Suburbs besting Vancouver’s downtown office pace (Western Investor)

Kudos: Richmond realtors help refugee families (Richmond News)

WHISTLER & SQUAMISH

BC VOTES 2020: West Vancouver-Sea to Sky riding profile (North Shore News)

VICTORIA & VANCOUVER ISLAND

High demand for real estate on island, despite pandemic (My Campbell River Now)

Victoria real estate sales strong due to pent up demand and B.C. buyers (CHEK News)

Real estate sales up 60 per cent last month in Greater Victoria (Saanich News)

Island real estate sales double over last year (Times Colonist)

Home sales stay strong; pent-up demand, low mortgage rates cited (Times Colonist)

OKANAGAN

Home sales up 70% in October as Okanagan’s strong real estate market continues (Global News)

Coronavirus: Real estate agents say pandemic playing role in red-hot Okanagan market (Global News))

 
 

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