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November 2019 Market Update

 

What's next for housing in Canada with a Liberal minority government?

It's early days, but across the country, Canadians have had real concerns about the real estate and housing industry with affordability the most significant issue both pre-and post-election. Although the impact of the election to the housing market is still to be determined, home buyers and sellers in Canada and abroad will want to stay informed.

There's no doubt Prime Minister Justin Trudeau's minority government will need to work quickly to develop a plan that addresses Canadians' housing concerns. It will be far more of a challenge this time around because in his second term, the Liberals' 157 seats are well-short of the 170 seats they needed for a majority. In the House of Commons, the opposition could reject any proposed legislation, something they couldn't do as easily under a majority government.

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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

ARThritis Soirée returns to The Roof on May 21, 2020!

Arthritis Research Canada's signature event, the ARThritis Soirée, will celebrate its eighth year of raising awareness and funds for arthritis research on Thursday, May 21, 2020 at 7:00 p.m. at The Roof, Hotel Vancouver. Arthritis Research Canada is excited to welcome back Macdonald Realty as the ARThritis Soirée 2020, Presenting Sponsor.

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B.C. Real Estate News

LOWER MAINLAND

What a Liberal minority government means to Vancouver real estate (CBC)

A new twist on Vancouver's Skyline (NY Times)

Metro Vancouver moves forward with new taxes for housing and parks (CBC)

Surrey's downtown plans under review (Business in Vancouver)

WHISTLER & SQUAMISH

What is happening with Garibaldi at Squamish? (Squamish Chief)

VICTORIA & VANCOUVER ISLAND

Low inventory, consistent demand keeps Greater Victoria real estate prices climbing (Times Colonist)

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

Victoria City Council green-lights Harris Green development that includes housing and new fire hall (Chek News)

OKANAGAN

Average real estate prices in Kelowna jumped by 70 percent between 2012-2018 (Kelowna Capital News)

 
 

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