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March 2024 Market Update

 

Bank of Canada holds key interest rate at 5% again, saying it's still too soon for rate cuts

The Bank of Canada has held its key interest rate at five per cent again, saying that it's still too soon to consider rate cuts while underlying inflation persists.

Economists were widely expecting the central bank to hold the rate. The bank said in a note on its website that it was still concerned about underlying inflation, which strips out volatile items like food or fuel.

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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

Greater Victoria

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Okanagan

North Surrey

North Vancouver

Parksville / Qualicum

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

Saanich Peninsula

South Okanagan

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Vancouver Island

Victoria Core

Westshore

West Vancouver

Whistler

More than 40 fun and fantastic things to do in Vancouver in March

March is finally here and the new month is packed with fun events happening around Vancouver!

To help you plan your activity schedule, here is our roundup of 46 events to check out this month. CelticFest, Monster Jam, International Women's Day, and more.

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B.C. Real Estate News

MACDONALD REALTY IN THE NEWS

Mastering listing appointments: How to win clients by flipping the conversation (REM)

'Missing middle' zoning: Addressing housing affordability or hampering development? (REM)

Transforming client meetings: Unlocking success with four powerful questions to co-create an agenda (REM)

LOWER MAINLAND

Sales, listings continue to pick up heading into spring (Financial Post)

Fraser Valley Real Estate Seeing "Buzz In The Market": FVREB (Storeys)

Listings up, sales follow, Greater Vancouver Realtors say (Victoria News)

VICTORIA AND VANCOUVER ISLAND

Greater Victoria real estate sales, inventory up in 'glimmers' of spring market (Times Colonist)

OKANAGAN

Why Kelowna pays way over assessed value for land it buys (iNFOnews)

BRITISH COLUMBIA

Municipalities push back against B.C.'s short-term rental rules (CBC)

Crackdown on Real Estate: BC Ends Self-Regulation Amid Rising Market Concerns (BNN)

B.C. home sales rise in January, nearly 30% above last year: BCREA (REM)

First-time buyers of homes under $835,000 can get a BC tax exemption next month (DailyHive)

B.C.'s new short-term rental regulations start May 1 - here's what we know so far (The Province)

CANADA

Canadian real estate market sees doubling of home prices over past decade (REM)

 
 

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