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October 2019 Market Update

 

Gimme shelter: Breaking down the housing promises on the campaign trail

Housing in Canada is expensive and in short supply, so it is little wonder that it has figured prominently in the early days of the current federal election campaign.

All three major parties realize the electorate's pain points, and have released housing policies aimed at addressing affordability issues.

Interestingly, their housing platforms have another thing in common - they are mostly directed at young voters, an important demographic that is more likely to be politically undecided and that makes up the bulk of the country's struggling first-time homebuyers.

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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

These are the color trends dominating in 2019

Unlike 2018's color trends, 2019 has taken a more mindful, lifestyle-based approach to the development of new shades. From powerful aquas to soft terracottas, deep greens, and energizing corals, these companies are connecting the dots between consumers' lives and the spaces they're surrounded by.

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B.C. Real Estate News

LOWER MAINLAND

B.C. tax on real estate speculation and empty properties brings in $58-million for 2018 (The Globe and Mail)

Metro Vancouver real estate sales up for 3rd consecutive month, prices still down (Global News)

The fall real-estate update: Economists predict gradual rebound (CBC)

New development says 'yes' to pets and family (North Shore News)

WHISTLER & SQUAMISH

New company takes over Cleveland Gardens project in downtown Squamish (The Squamish Chief)

VICTORIA & VANCOUVER ISLAND

Victoria real estate market shows rising demand for condos, townhomes (CTV News)

Condo, townhouse sales surge in Greater Vancouver (Times Colonist)

OKANAGAN

City of Kelowna to introduce a $7k home building charge to develop local parks (Kelowna Now)

Big White homes on market (Okanagan Edge)

 
 

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