header

 

 

November 2017

Web Lite SWeTE: Simple Website Translation Engine
 

'Housing market measures hurting, not helping first-time buyers'

The federal government's tougher mortgage lending rules and the British Columbia government's affordable housing measures are working against each other. Ultimately, these moves will hurt first-time buyers the most, says a senior real estate executive with a leading Vancouver-based firm.

Canada's banking regulator, the Office of the Superintendent of Financial Institutions, says it wants to reduce the risk of mortgage defaults due to high levels of household debt. But applying stricter lending guidelines is making it more difficult for home buyers to access mortgage funds, says Dan Scarrow, vice-president at Macdonald Realty.

 
 

Monthly Local Market Update

How are home sales performing in your area? Take a look at our easy to interpret infographics that show market trends for condos, townhomes and single family homes by city.

Thinking about moving? This can be a great snapshot of activity in other markets around the province to weigh your purchasing power.

 

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

One last gasp for the Canadian residential market as rule changes cloud 2018 outlook

Realtors are predicting a busy Christmas selling season as homebuyers rush to beat the latest deadline designed to further cool the market.

 

B.C. Real Estate News

LOWER MAINLAND

BC's number one city to invest in? The answer might surprise you (News1130)

Continued demand for attached homes brings second strongest August historically in Fraser Valley market (FVREB)

Rental cost of one-bedroom apartment in Vancouver jumps to $2,120 (Vancouver Sun)

Condos continue to be hot in the Tri-Cities (Tri-City News)

Vancouver investment in commercial real estate outpaces Toronto in first half of 2017 (BIV)

VICTORIA & VANCOUVER ISLAND

Victoria real estate: Fewer listings, fewer sales in October (Times Colonist)

North Saanich makes MoneySense's Best Places to Live list (Victoria News)

Nanaimo home prices continue going through the roof (Nanaimo News Now)

OKANAGAN

Kelowna trending into a top-tier investment opportunity (Western Investor)

Sun Peaks kicks off real estate expansion (Western Investor)

 
 

This communication is not intended to cause or induce breach of an existing agency agreement.

**Should you no longer wish to receive this communication, please reply to this email with "Unsubscribe" in the subject line.

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