New Exemptions to the 15% Property Transfer Tax

EXEMPTION FROM THE 15% TAX

The original announcement that work permit holders would be exempt from the 15% additional property transfer tax was made on January 29, 2017.

On March 17, Premier Christy Clark finally introduced the details of the new exemption to the 15% property transfer tax applied to certain “foreign nationals” who purchase residential properties in the Greater Vancouver Regional District.  As we expected the devil is in the details.  There are a number of categories of work permit holders.  Just as we expected, it turns out that not all holders of work permits will be treated equally.  Most work permit holders will still have to pay the 15% tax.

The exemption from the tax will only apply to Provincial Nominees under the B.C. provincial nominee program (“PNP”).  They have to be “nominated” by B.C. so that other holders of work permits such as international students, executive transferees, or individuals nominated by other provinces will not qualify for the exemption.  Moreover:

  • The exemption only applies to provincial nominees who treat the property as a principal residence;
  • The exemption may be claimed only once. It the provincial nominee buys another GVRD property he must pay the 15% tax;
  • Evidence of provincial nominee status has to be provided at the time the documents are filed at the Land Title Office.

REFUNDS OF THE 15% TAX FOR CERTAIN INDIVIDUALS

The new rules also provide that the following buyers who have already paid the tax will be entitled to refunds:

  • Foreign nationals who held B.C. PNP certificates or were confirmed as provincial nominees and purchased GVRD residential property between August 2, 2016, and March 17, 2017;
  • Individuals who became permanent residents or Canadian citizens within one year of the date the property transfer was registered in the Land Title Office

Refunds for permanent residents and citizens can only be claimed:

  • in respect of only one property;
  • where the property has been used as a principal residence;
  • where the owner moved into the residence within 92 days of property registration; and
  • continued to live in the property for one full year after the date the property transfer was registered.

Clearly most work permit holders are still subject to the 15% tax.  It seems that the exemptions are designed primarily to accommodate the PNP holders working in B.C.’s growing high technology industry, the fear being that the high cost of housing may be an impediment to economic growth in this critically important sector.

Meanwhile, work permit “status” issues can be somewhat complex.  Foreign national buyers holding work permits and their realtor advisors who are uncertain about whether an exemption would apply should consider consulting their immigration and conveyancing lawyers before entering into a binding agreement to purchase GVRD residential property.


Written by Peter Scarrow, former immigration lawyer, currently is the Director of Asian Business at Macdonald Real Estate Group.

Macdonald Realty Wins Marketing Award at Global Real Estate Conference

VANCOUVER, B.C. – (March 15, 2017) – Macdonald Realty was presented with a marketing award from Leading Real Estate Companies of the World, a selective global community of the highest quality independent real estate firms. The award was presented during the Leading Real Estate Companies of the World™ Conference Week, a series of events that drew an impressive audience of 2,000 real estate professionals from 25 countries.

First Place in Referral Promotions Marketing

Macdonald Realty received the award for Referral Promotions, for superior marketing relating to referral contests and programs, helping raise awareness of the company’s global real estate capabilities through its affiliation with LeadingRE.  The company place in the largest category for companies with 500+ sales associates and was chosen for excellence in creativity, quality and overall presentation and effectiveness.

“Our marketing team works hard to give our agents the best tools to grow their businesses, as well as to showcase our own brand,” said Rosey Hudson, Marketing Director of Macdonald Realty.  “This award for our Referral Toolbox – a series of social media and traditional marketing pieces that help our agents engage their clients with “We’re Local, We’re Global” – is a major kudos to the whole team.”

“We are pleased to recognize the winners of our Marketing Contest for creating distinctive materials and campaigns that convey the unique character of their companies, with a focus on compelling content, original graphics and effective delivery,” said LeadingRE President/CEO Pam O’Connor. “Our visual display of these award-winning materials is always a highlight of our conference, providing inspiration to all of our members.”
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Top Luxury Brokerage Award Nominee

Macdonald Realty was also nominated for the Luxury Portfolio International® Top Luxury Brokerage Award, presented for overall engagement in Luxury Portfolio; embracement of tools, meetings, events, advertising and brand usage; and outstanding marketing strategy in the discerning market of affluent buyers and sellers.  They were nominated with Slifer, Smith & Frampton Real Estate of Colorodo and, the winner, Houlihan Lawrence Real Estate of New York.

[Read more…]

Darin Germyn of Macdonald Realty becomes the Vice President of the Fraser Valley Real Estate Board

Darin

(left to right) Darin Germyn, Vice-President; Gopal Sahota, President; John Barbisan, President-Elect

SURREY, B.C., Canada (February 22, 2017) – At the annual Fraser Valley Real Estate Board (FVREB) Annual General Meeting, Darin Germyn from Macdonald Realty South Surrey/White Rock office was elected to be the Vice President of the Board.

The FVREB is a professional association of more than 3,280 Realtors in the Fraser Valley providing its members with a variety of membership services including the Multiple Listing Service®, professional development and technological innovation. Fraser Valley’s new Board of Directors takes office on March 1, 2017.

For more details about FVREB Annual General Meeting in 2017, please click HERE.

Stewart Henderson of Macdonald Realty receives the 2017 John Armeneau Professional of the Year Award

Stewart

SURREY, B.C., Canada (February 22, 2017) – At the annual Fraser Valley Real Estate Board (FVREB) Annual General Meeting, Stewart Henderson from Macdonald Realty Langley office received the John Armeneau Professional of the Year Award. This is the highest honour the board can bestow on an FVREB member, and is awarded to someone who demonstrates outstanding leadership and dedication to the real estate industry over their career. Stewart joins a list of 31 other prominent members who have won this award, we are very happy and proud of him.

In 1992, John Armeneau was the seventh board member to receive the Fraser Valley Real Estate Board Professional of the Year Award, which was created in 1985. The award was subsequently renamed the John Armeneau Professional Award after John passed away. He epitomized what it meant to be a professional REALTOR®. He was a member of the Board from 1972 to 1996.

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For more details about FVREB Annual General Meeting in 2017, please click HERE.

About Macdonald Real Estate Group
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $8.9 billion and over $3 billion in assets under management. With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China. Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

30 Macdonald Realty agents complete Certified Negotiation Experts credential in the November 2016 class

Congratulations to these 30 Macdonald Realty agents who successfully completed the Certified Negotiation Expert (CNE®) course on November 30, 2016 and became negotiation experts.

Click below to see their information and how they can assist you today!
November 2016 CNE_edited

Gurp Bains (South Surrey)
Wanetta Beal (Parksville)
Swaran Brar (South Surrey)
Niki Chisani (Vancouver West)
Andrew Chun (Vancouver Downtown)
Courtney Diebel (South Surrey)
Brandon Foreman (Victoria)
David Freitas (South Surrey)
Natalie Frizzo (West Vancouver)
Amy Hadikin (Parksville)
Brandon Hennessy (Langley)
Jessie Heo (Vancouver West)
Glen Jessup (Vancouver West)
Kylene Konkin (West Vancouver)
Chris Lambert (Vancouver Downtown)
Peggy Louise (North Vancouver)
Reza Mahmoodi (Langley)
Leah Marie (South Surrey)
Alexandra Marshall (West Vancouver)
Shay Moudahi (Sunshine Coast)
Sean O’Brien (South Surrey)
Candy Oh (West Vancouver)
Samantha Place (Sunshine Coast)
William Rubulotta (Vancouver West)
Scott Sawyer (Coquitlam)
Shelley Tourangeau (Coquitlam)
Steve Walker (Langley)
Barbie Whitworth (Sunshine Coast)
Mitra Sar (Vancouver Downtown)
Ann Zizka (Coquitlam)

Macdonald Realty participates in REALTORS Care® Blanket Drive

Macdonald Realty is excited to participate in the 22nd REALTORS Care® Blanket Drive campaign. Agents and staffs from our North Vancouver and West Vancouver offices collected new and used coats, blankets and warm clothing at Capilano Mall and Park Royal Mall. The offices then sorted and delivered the donations to charities and organizations in the area.

Photo_Blog

Since 1995, REALTORS Care® Blanket Drive has helped more than 290,000 people keeping warm and dry. The campaign for this year is over, but you can still donate the following items to the recipient charities:

  • gently used or new blankets or sleeping bags
  • warm clothing, coats
  • hats, gloves, scarves
  • new socks and underwear

Click here for a list of suggested charities.

Click here for more information about REALTORS Care® Blanket Drive.

As Vancouver’s housing market cools, commercial property sales soar | The Globe and Mail

Claire Wyrostok, owner of popular Vancouver vegetarian restaurant Black Lodge, wonders how long it will be until Vancouver’s hot real estate market pushes her out of business. In the four years that Ms. Wyrostok has been at her current location, on Kingsway just off Fraser Street, many of the buildings in her strip have been sold and property values have more than doubled. Since Ms. Wyrostok’s three-year lease came up for renewal in March, she says the landlord is allowing her to rent only month to month.

“Every day I don’t know if I am going to get a notice with 30 days to get out,” Ms. Wyrostok says. “Our business is done,” she adds. “You develop a business to make it bigger, but we can’t expand, and we can’t sell our business. Our business has no value on paper, because the asset is the lease.”

While the residential real estate market in Vancouver is cooling, sales of commercial properties in the region have skyrocketed. The Re/Max Commercial Investor Report says there was a 94-per-cent increase in the total dollar value of Lower Mainland sales in the first half of 2016 compared with the first half of 2015, to $7.1 billion from $3.7 billion. The number of commercial property sales in the first half of 2016 was 1,464, compared with 1,138 in the same period last year.

And some, including Tony Letvinchuk, managing director for Macdonald Commercial Real Estate Services, believe that the foreign-buyer tax on residential purchases will play a role in driving the market, which is generally perceived as a balanced mix of local and foreign buyers.

“There’s no question that the additional 15-per-cent property purchase tax will motivate foreign entities – being those who are not Canadian citizens or permanent residents – to consider purchasing commercial properties located in Greater Vancouver, where such transaction tax does not apply,” he says.

[Read more…]

A local brand inspires your indoor spaces with new colours and styles

Vancouver’s demand for fresh and fashionable home decor has never been stronger. Local brand Article is making an impact and winning fans across North America through a completely new furniture shopping experience. Operated from their Railtown head office, the online retailer offers quality furniture at a fraction of the cost of its brick and mortar counterparts, all delivered straight to customer’s doors (or living rooms). Right on trend, Article’s collection of mid-century modern and contemporary furniture will inspire you to rejuvenate your indoor spaces with new colours and styles.

MID-CENTURY MODERN

mid-century modern_blog

Sven leather sofa, $1,999

This style era’s combination of form and function continues to show up in modern living spaces. The Sven sofa captures the clean lines of the mid-century, but crafted with today’s modern comforts. Its 88” benchseat provides ample space for cozy family gatherings or enough room for one to stretch out for a nap. Like a favourite leather jacket, the sofa’s full-aniline leather comes with a vintage patina that just gets better with age and use. Style this piece for cooler months with a thickly knitted throw or a sheepskin rug. Sven leather sofa, $1999.

[Read more…]

The Principal Residence Exemption

Recently the Canada Revenue Agency (CRA) changed its administrative rules so that, unlike the past, if you sell your principal residence in 2016 or later years, you must report:

  1. The sale including the date and price of acquisition, the sale price and date and a description of the property; and
  2. The fact that the property was a principal residence

on your income tax return filed in 2017 if you want to claim the full principal residence exemption.  The exemption means that no tax is paid on a property that is the principal residence of the seller.  In the past CRA did not require taxpayers to report the capital gains on the sale of principal residences.

If you don’t claim the exemption then CRA will treat any gain in the value of the property as a taxable capital gain.  One half of capital gains are deemed to be income in the year in which the capital gain is realized.   The top marginal rate for income taxes in British Columbia is nearly 48% for income in excess of $200,000.

[Read more…]

Tougher mortgage rules could dampen condo, townhome sales in Vancouver, Toronto | The Globe and Mail

Sales of condos and townhomes could soften in Canada’s two largest housing markets as first-time buyers face tougher lending rules that take effect on Monday.

The mortgage changes will likely be felt especially hard in Greater Vancouver and the Greater Toronto Area, according to the Canadian Real Estate Association.

“First-time home buyers, particularly in housing markets with a lack of affordable inventory of single-family homes, may be priced out of the market by the new regulations that take effect on Oct. 17,” CREA chief economist Gregory Klump said in a statement on Friday.

He made the comment as CREA released data showing the average price for various housing types sold nationally in about 100 markets in September reached $474,590, up 9.5 per cent from the same month in 2015. Sales volume increased 4.2 per cent.

Last week, the federal government announced measures to tighten mortgage rules. Ottawa is also closing tax loopholes used by some foreign buyers.

In most cases, homeowners who are looking to upgrade to larger houses must first sell their existing properties before they are able to acquire their next place.

[Read more…]

Okanagan Real Estate Market Statistics – September 2016

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in September 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In September 2016, there were 112 sales of detached homes and 599 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $445,209 with an average days on market of 106.

The Condo market had 33 sales and 153 active listings at the end of the month.  The average sale price was $288,115 with an average days on market of 102.

Townhome sales were 31, active listings were 98. The average sale price was $257,303, and the average days on market were 88.

MarketHotSheet_September2016_SouthOkanagan

[Read more…]

BNN Interview about Ottawa’s New Housing Policies

The federal government announced new measures for housing market to slow the injection of foreign cash and to tighten eligibility rules on prospective borrowers. Jonathan Cooper, vice president of operations at Macdonald Real Estate Group, joins BNN with perspective on Ottawa’s new housing policies.

Realtor: Ottawa’s new housing policies ‘logical step’

(To view the video on mobile devices, please click here for direct play on BNN.)

About Macdonald Real Estate Group
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $7 billion and over $2 billion in assets under management. With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China. Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

Macdonald Realty Victoria Alzheimer Donation

Alzheimer-2016-cheque-edit

Macdonald Realty Victoria is excited to make a donation to We Rage, WE Weep Alzheimer’s Foundation, a fantastic local charity providing support for families and caregivers of Alzheimer patients.  They provide tracking devices that help with wandering patients, most of which are then located within 15 minutes. 100% locally run by volunteers, ever dollar raised goes back into the community.  Our Victoria office raised $794.00 raised during their 1st annual Shredder Drive & BBQ back in June.

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – August 2016

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in August 2016.

Squamish

In August 2016, there were 23 sales of detached homes and 119 active listings in Squamish. The benchmark sale price was $800,000 with an average days on market of 37.

The Condo market had 11 sales and 50 active listings at the end of the month.  The benchmark sale price was $354,500 with an average days on market of 46.

Townhome sales were 12, active listings were 36. The benchmark sale price was $613,900, and the average days on market were 23.

It’s a balanced market in Squamish.

MarketHotSheet_August2016_Squamish

[Read more…]

Surrey, Langley and Fraser Valley Real Estate Market Statistics – August 2016

Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock, Langley, and Fraser Valley listings and sales in August 2016.

North Surrey

In August 2016, there were 59 sales of detached homes and 389 active listings in North Surrey. The benchmark sale price was $886,000.

The condo market had 114 sales, 239 active listings at the end of the month.  The benchmark sale price was $232,200.

In comparison, townhome sales were 35, active listings were 56 and the benchmark sale price was $336,400.

It’s a buyer’s market for single family homes.

MarketHotSheet_August2016_NSurrey

[Read more…]

Greater Victoria Real Estate Market Statistics – August 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in August 2016.

Greater Victoria

In August 2016, there were 380 sales of single family homes and 533 active listings in Greater Victoria. The benchmark sale price was $610,400 with an average days on market of 33. The hottest market for sales was Saanich East with 81 sales. There were also 31 sales and 183 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 265 sales, 292 active listings at the end of the month.  The benchmark sale price was $356,900 with an average days on market of 27. The hottest market for sales was Victoria, 103 sales.

Townhome sales were 73, active listings were 114 and the benchmark sale price was $476,400. The average days on market were 28, and the hottest market was Langford with 22 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_August2016_Victoria

[Read more…]

MoneySense names top Vancouver neighbourhoods to buy real estate

While not cheap, these are great options in a crazy market…

Renfew detached home

Renfew detached home

In their April 2016 edition MoneySense magazine selected their top Vancouver neighbourhoods to buy real estate to see the best return on investment.

 After analyzing more than 200 neighbourhoods, we found several communities that offer a chance for future appreciation, all of which have average prices above $1 million. In ­­Ambleside in West Vancouver—our top neighbourhood—a single detached home sold for an average of $2.25 million last year. Even at these prices, homes are still about 14% cheaper, on average, compared to surrounding communities. Moreover, these top neighbourhoods boast a 68% average five-year return—compared to the city’s 51% return for the same time period. While not cheap, our top picks are great options in a crazy market. See the full rankings below.  Read the rest of the article here. 

The top 10 Metro Vancouver neighbourhoods to look for well-priced homes, according to MoneySense are:

Brentwood Park condo

Brentwood Park condo

  1. Ambleside, West Vancouver

  2. Brentwood Park, Burnaby

  3. Hastings, East Vancouver

  4. New Horizons, Coquitlam

  5. Renfrew, East Vancouver

  6. Vancouver Heights, Burnaby

  7. Victoria, East Vancouver

  8. Mount Pleasant, East Vancouver

  9. Ladner Elementary, Ladner

  10. Sapperton, New Westminster

To view all active listings in one of these areas simply click the neighbourhood links above.

 

New 15% Property Transfer Tax

The new 15% property purchase tax (the “PTT”) explained.

WHAT IS THE NEW TAX?

It is a property transfer tax of 15% payable by “foreign” buyers IN ADDITION TO the regular property transfer tax at the time a property transfer for residential property is registered in the land title office for properties located in “The Greater Vancouver Regional District” (the “GVRD”).  This includes places like Surrey, Richmond, Delta, West Vancouver, Coquitlam, etc. but not Squamish, Whistler, Abbotsford, Vancouver Island, the Okanagan, etc.

So if a foreign buyer buys a $7 million residential property in West Vancouver the total property purchase tax would be:

Platform Dashboard

WHO HAS TO PAY?

The tax has to be paid by “foreign entities”.  That means foreign citizens, foreign companies and taxable trustees.  Canadian citizens and Canadian permanent residents do not have to pay.  Foreign corporations include companies set up outside Canada and Canadian companies that are controlled by foreign persons or by foreign companies.

WHAT SORT OF TRANSACTIONS ARE SUBJECT TO THIS TAX?

The tax is payable in respect of residential properties in the GVRD purchased by foreign buyers on or after August 2, 2016 at the time the transfer is registered in the land title office.  It is payable even when the contract was finalized before August 2, 2016 and the parties unaware there would be a new tax.

ARE THERE ANY LOOPHOLES?

Not many.  Non-residential property is not subject to the extra tax nor are properties outside the GVRD.   Real estate investment trusts and mutual fund trusts are not subject to the extra tax.  Penalties of $100,000 for individuals and $200,000 for corporations apply to anyone who participates in illegal tax avoidance.  Presumably this includes lawyers, accountants and realtors who assist in illegal tax avoidance.


Written by Peter Scarrow, former immigration lawyer, currently is the Director of Asian Business at Macdonald Real Estate Group.

Housing tax not as painful in Maple Ridge | Maple Ridge News

Currently, the real estate industry is in the middle of its usual summer slowdown. - Phil Melnychuk/THE NEWS

Currently, the real estate industry is in the middle of its usual summer slowdown. — Image Credit: Phil Melnychuk/THE NEWS

Slapping another 15-per-cent sales tax on homes to foreign buyers could cool the red-hot real estate market in higher priced areas of Richmond or Vancouver, but it might take longer to learn of any effect in Maple Ridge and Pitt Meadows.

The announcement by the B.C. government last week saw a rush to complete deals by the Aug. 2 deadline, but Tom Garvey, managing broker with Macdonald Realty, says it will be at least a month before the full effect of the tax is known in Maple Ridge.

“There’s not a huge amount of foreign buyers who are coming out to Maple Ridge,” said Garvey, who said he hasn’t noticed any effect so far in the local market.

But it’s early yet and time will tell.

“Let’s see what happens over the next two to four weeks.”

[Read more…]

Greater Vancouver Real Estate Market Statistics – July 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in July 2016.

Vancouver

In the Vancouver Westside, there were 110 sales of detached homes and 651 active listings at the end of July. The benchmark sale price was $3,591,200, with an average days on market of 27. The hottest market for sales was Dunbar with 19 sales.

In comparison, the condo market had 435 sales, 848 active listings and a benchmark sale price of $698,000 with 18 average days on market. The hottest market for sales was Downtown VW, 105 sales.

Townhome sales were 48, active listings were 87. The benchmark sale price was $1,088,400 with an average days on market of 12. Kitsilano, 12 sales, was the hottest markets in July.

Listings are down. Prices are up. It’s a seller’s market.

MarketHotSheet_July2016_VanWest

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – July 2016

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in July 2016.

Squamish

In July 2016, there were 23 sales of detached homes and 116 active listings in Squamish. The benchmark sale price was $779,700 with an average days on market of 32.

The Condo market had 10 sales and 48 active listings at the end of the month.  The benchmark sale price was $340,500 with an average days on market of 31.

Townhome sales were 16, active listings were 31. The benchmark sale price was $606,100, and the average days on market were 22.

MarketHotSheet_July2016_Squamish

[Read more…]

Okanagan Real Estate Market Statistics – July 2016

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in July 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In July 2016, there were 140 sales of detached homes and 654 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $438,712 with an average days on market of 97.

The Condo market had 34 sales and 163 active listings at the end of the month.  The average sale price was $286,884 with an average days on market of 90.

Townhome sales were 28, active listings were 108. The average sale price was $299,857, and the average days on market were 101.

MarketHotSheet_July2016_SouthOkanagan

[Read more…]

Surrey, Langley and Fraser Valley Real Estate Market Statistics – July 2016

Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock, Langley, and Fraser Valley listings and sales in July 2016.

North Surrey

In July 2016, there were 71 sales of detached homes and 396 active listings in North Surrey. The benchmark sale price was $889,500, an increase of 45.8% compared to the same month last year.

The condo market had 112 sales, 285 active listings at the end of the month.  The benchmark sale price was $224,900.

In comparison, townhome sales were 41, active listings were 52 and the benchmark sale price was $323,600.

MarketHotSheet_July2016_NSurrey

[Read more…]

B.C. Real Estate In ‘Absolute Mayhem’ Amid Talk Of Sales Collapse|The Huffington Post Canada

Greater Vancouver’s real estate market is in the throes of chaos as buyers, sellers and industry insiders try to adapt to a new tax on foreign buyers that went into effect on Tuesday.

Though a recent poll showed nine out of 10 British Columbians back a tax on foreign buyers of residential real estate, many industry insiders and entrepreneurs are lining up against it, saying it risks destabilizing the housing market and Vancouver’s economy.

The tax has even taken on shades of a political controversy, as a prominent Vancouver real estate marketer and provincial Liberal fundraising chief denies he knew in advance the tax was coming.

B.C. Real Estate In Absolute Mayhem Amid Talk Of Sales Collapse

Vancouver realtor Steve Saretsky told Global News his analysis of MLS data found that detached home sales collapsed by 75 per cent in the few weeks after the provincial government announced it was introducing a 15-per-cent sales tax on foreign buyers of residential real estate in Greater Vancouver.

Saretsky described the market as being in “absolute mayhem.” But other realtors told media it is too soon to tell what the precise impact will be on the housing market.

[Read more…]

Foreign Buyers Tax: Realtors begin to report sales deals collapse | Vancouver Sun

Realtors and lawyers desperate to get in under the deadline filed a record-setting 15,000 property transfer applications on Thursday and Friday, the last business days before B.C.’s punishing new 15-per-cent tax on foreign property buyers went into effect.

More than 9,200 transactions were filed on Friday, breaking the June 30 record of more than 8,400 in a single day, according to the B.C. Land Title and Survey Authority. It also reported over 5,800 transactions on Thursday, representing nearly as many deals registered at month’s end in April.

The demand was so heavy that it crashed the land titles office’s electronic filing service on both days, the authority said.

Now, as a new dawn breaks in Metro Vancouver’s real estate market, realty companies and real estate boards are reporting the first anecdotes of deals falling through as foreign buyers forfeited deposits on binding deals rather than pay the new tax. And they report evidence of local buyers withdrawing offers in expectation that the market will soften.

Elton Ash, executive vice-president of Re/Max Western Region, said it is too early to accurately quantify how many deals fell apart, but he’s heard from realtors in some of the company’s 30 Metro Vancouver offices of cases where foreign buyers who couldn’t rearrange previously negotiated closing dates have already walked away.

“Our expectation is that there will be a percentage of transactions collapse due to the buyer basically defaulting on the contract,” Ash said.

He and other realty experts say it may take up to two or three months to gauge the full effect of the new tax.

Jonathan Cooper, vice-president of operations at MacDonald Realty, expects many cases to go to court because deposits are held in trust by realtors and usually can’t be released without a court order.

“I think the next chapters in this story are going to be written by lawyers,” Cooper said. “There are going to be cases for sellers trying to get the deposit out of trust and maybe suing the buyer for specific performance trying to get them to complete, and/or for damages if they are not able to find a buyer at a similar price point.”

[Read more…]

‘Fundamental Issue in Vancouver Market Is Supply’ | Bloomberg TV Canada

Jonathan Cooper, Vice President, Operations at Macdonald Real Estate Group joins Bloomberg TV Canada’s Rudyard Griffiths to discuss the impact of the 15 percent property tax for non-Canadian citizens and non-permanent residents in Metro Vancouver.

 

About Macdonald Real Estate Group
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $7 billion and over $2 billion in assets under management. With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China. Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

B.C. turns from foreign buyers to investor immigrants as Vancouver’s affordability crisis continues | Georgia Straight

A whopping 90 percent of Metro Vancouver residents support the region’s new 15-percent tax on foreign buyers of residential real estate. At the same time, only three percent of respondents to the same poll, conducted by the Angus Reid Institute, say the tax goes far enough, and 71 percent describe it as simply a step in the right direction.

While the region waits to see what kind of impact the new tax will have on the market, pundits are debating what additional measures the government should take. That’s turned a lot of attention to the Quebec Immigrant Investor Program (QIIP), a path exclusively for wealthy immigrants that, despite its name, lets newcomers settle in B.C. Those home buyers are counted as locals and therefore are not subject to the region’s new tax on foreign nationals. Some observers argue the QIIP deserves much of the blame for driving up the price of a home in Vancouver.

On July 28, Premier Christy Clark revealed she’s approached her Québécois counterpart and opened discussions on the issue.

 “We’re going to work together on it,” she told Global News. “We’re going to try and support him [Premier Philippe Couillard] in finding ways to make sure their program, their investor program, is for Quebec and for Quebec alone. And that when people come into Quebec, that’s where they stay.”

But eliminating this source of wealthy immigrants might not have as sizable an effect on Vancouver real estate as some have suggested.

[Read more…]

The ripple effect – a 15% foreign investment tax in Metro Vancouver

What time in our history has ever been like the last 2 months to be a homeowner, a Buyer, a Seller or a Real Estate professional?

If you live under a rock (no slight to “unaffordable housing” in Metro Vancouver) there has been some significant changes in the BC and particularly Metro Vancouver Real Estate market. The biggest impact on all of us is no doubt the 15% foreign investment tax applicable to anyone who is not a Canadian Citizen or Permanent Resident of Canada.

Introduced July 25 by the current BC Liberal Government, this tax was introduced as massive public pressure for a reaction from the government, over 2 years in the making.

I am going to do my best to remove all opinions of how this explosion of real estate values in our communities was handled, or better yet, not handled for so long by our government. We elected them, we need to live with them, for now.

The tax makes sense in many ways yet in its simplest form, is the relation of the power of National currencies at play. Imagine investors coming to our country, a stable, safe, warm and loveable cousin of the US. Vancouver, where our weather is great year round, we enjoy an excellent quality of life and have one of the most beautiful cities in the world.

[Read more…]

Greater Victoria Real Estate Market Statistics – July 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in July 2016.

Greater Victoria

In July 2016, there were 429 sales of single family homes and 575 active listings in Greater Victoria. The benchmark sale price was $603,500 with an average days on market of 32. The hottest market for sales was Saanich East with 92 sales. There were also 35 sales and 185 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 271 sales, 346 active listings at the end of the month.  The benchmark sale price was $350,000 with an average days on market of 33. The hottest market for sales was Victoria, 93 sales.

Townhome sales were 93, active listings were 105 and the benchmark sale price was $476,200. The average days on market were 31, and the hottest market was Langford with 20 sales.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_July2016_Victoria

[Read more…]

Reality of B.C.’s foreign buyers tax begins to bite as realtors report deals collapsing | Financial Post

Realtors and lawyers desperate to get in under the deadline filed a record-setting 15,000 property transfer applications on Thursday and Friday, the last business days before B.C.’s punishing new 15-per-cent tax on foreign property buyers went into effect.

More than 9,200 transactions were filed on Friday, breaking the 2007-2008 record of more than 8,400 in a single day, according to the B.C. Land Title and Survey Authority. It also reported over 5,800 transactions on Thursday, representing nearly as many deals registered at month’s end in April.

The demand was so heavy that it crashed the land titles office’s electronic filing service on both days, the authority said.

Now, as a new dawn breaks in Metro Vancouver’s real estate market, realty companies and real estate boards are reporting the first anecdotes of deals falling through as foreign buyers forfeited deposits on binding deals rather than pay the new tax. And they report evidence of local buyers withdrawing offers in expectation that the market will soften.

Elton Ash, executive vice-president of Re/Max Western Region, said it is too early to accurately quantify how many deals fell apart, but he’s heard from realtors in some of the company’s 30 Metro Vancouver offices of cases where foreign buyers who couldn’t rearrange previously negotiated closing dates have already walked away.

“Our expectation is that there will be a percentage of transactions collapse due to the buyer basically defaulting on the contract,” Ash said.

He and other realty experts say it may take up to two or three months to gauge the full effect of the new tax.

“I think the next chapters in this story are going to be written by lawyers”

Jonathan Cooper, vice-president of operations at Macdonald Realty, expects many cases to go to court because deposits are held in trust by realtors and usually can’t be released without a court order.

“I think the next chapters in this story are going to be written by lawyers,” Cooper said. “There are going to be cases for sellers trying to get the deposit out of trust and maybe suing the buyer for specific performance trying to get them to complete, and/or for damages if they are not able to find a buyer at a similar price point.”

[Read more…]

Thousands of Metro Vancouver real estate deals caught by tax deadline

‘Last week was pretty hectic,’ realtor said of rush to avoid new tax by midnight cutoff

house-key-turning-in-lock-real-estate-tax-image

For some the last few weeks was a rush to wrap up real estate deals before Aug. 2 tax was imposed on Metro Vancouver property deals. (DeWitt Clinto/Flickr)

Thousands of home buyers and sellers in Metro Vancouver reacted with ‘shock and disbelief,’ madly rushing to beat the Aug. 2 deadline of the new 15 per cent foreign buyer real estate tax.

Realtors estimate 3,000-to-4,000 deals were affected.

“It’s so fast. Just everyone is shocked,” said Jin Liu, a realtor with Remax.

After the legal documents flutter to the floor industry watchers warn there will be challenges to the new tax, seen by many as unfair.

Some say it violates the North American Free Trade Agreement (NAFTA) which prohibits governments from imposing policies that punish foreigners. Top lawyers say the tax is ripe for a constitutional challenge.

The foreign buyer tax, aimed at cooling Vancouver’s torrid housing market, was announced July 25. The aim was to chill speculative investing and preserve affordable homes for people living and working in Canada.

Up to 4,000 deals affected by new tax

Buyers and sellers were caught in the sting of the Aug. 2 tax that has been applied even to deals struck long before it existed.

“We weren’t given notice …. so most likely the deals will collapse. It’s not fair for everyone,” added Liu.

[Read more…]

Vancouver just hit foreign homebuyers with a massive tax | CNNMoney

If you’re not a Canadian, buying property in Vancouver will cost you.

Starting Tuesday, foreign buyers purchasing property in the Canadian City will be hit with a 15% property transfer tax.

The swift implementation of the tax was in response to exploding home prices in the city, and goes into effect eight days after it was announced.

It will also apply to buyers already in contract.

Real estate in Vancouver has been hot lately, with home prices up 23% from a year ago, according to the the Teranet-National Bank Composite House Price Index.

iStock_000010833733Medium

Low inventory and strong demand has created a highly-competitive market where it’s common for sellers to get 10 offers or more.

Adding to the demand is a flood of foreign buyers investing in the city. In a five-week period earlier this summer, more than $676 million ($885 million Canadian dollars) in foreign cash poured into Metro Vancouver, according to recent government data. During that time, 10% of all purchases were made by foreign buyers.

In Richmond, a suburb within Metro Vancouver, foreigners accounted for almost 20% of total investments.

Many of the buyers are investors looking for a safe haven to park their cash, while others are emigrating to Canada, according to experts.

While there’s little disagreement that affordability has become more elusive — especially for middle-class buyers — the swift implementation and broadness of the tax has some real estate agents worried.

The tax will apply to foreign buyers who are already in contract, but not yet closed. That means their purchase is about to get 15% more expensive, even though they’ve already made the deal.

The benchmark price for all residential properties in Metro Vancouver was $700,924 in June (917,800 Canadian dollars). The new tax would add $105,139 to the purchase price.

The tax can also have consequences for home sellers. If a foreign buyer decides to back out of the now more expensive deal, the seller could be left in the lurch if they were shopping for another home or had plans for the money from the sale.

The move has already given some foreign buyers pause.

Op-Ed by Jonathan Cooper

Jonathan Cooper, vice president, operations at Macdonald Real Estate Group

Jonathan Cooper, vice president, operations at Macdonald Real Estate Group in Vancouver, said there’s been a rush among foreign clients to close before the tax goes into effect, and that one client decided not to move forward with a purchase.

The housing crunch has been hitting middle-class house hunters particularly hard.

“It is difficult for even dual-income families to create enough to have a down payment to enter the marketplace,” said Jason Soprovich, a luxury real estate agent in Vancouver.

Soaring prices are pushing buyers outside the city to find some relief.

“North Vancouver has traditionally been a middle-class area, but the demographic is changing and young families can’t afford to live close to downtown,” said Dan Morrison, president of the Real Estate Board of Greater Vancouver. “People are moving farther and farther out for affordability.”

While some government officials have said the tax aims to bring more accessibility and affordability for middle-class residents, real estate agents noted that it will be hard to prove its impact.

The market was starting to show signs of some cooling in recent weeks as more inventory has trickled online. Late summer also tends to bring a slowdown in activity.

“It was almost a knee-jerk reaction from the government,” said Soprovich. “A lot of people believe this cold be political posturing with an election coming in the fall.”


The article was originally posted on CNNMoney, August 2, 2016. Written by Kathryn Vasel.

One in 10 home sales in Vancouver region went to foreign buyers | The Globe and Mail

B.C. Premier Christy Clark says new data that show foreigners bought one in every 10 homes sold in Metro Vancouver’s superheated market over five weeks forced her government to introduce a new and substantial tax on international buyers, but she says the surprise levy is intended to stop the spike in prices, not devalue the equity built up by existing homeowners.

Foreign buyers in B.C.
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Statistics the province released on Tuesday show buyers who were not Canadian citizens or permanent residents made up 10 per cent of all home sales in Metro Vancouver between June 10 and July 14. Those transactions totalled $885-million. An earlier release of data covering June 10 to 29 and not including end-of-month sales found only 5 per cent of the sales in the region involved foreigners.

The proportion of international buyers was higher in the suburbs of Burnaby and Richmond, with nearly one in five of all homes sold in those cities going to people from countries other than Canada. The rate for Vancouver proper was 11 per cent, and 7 per cent across all of British Columbia.

“There need to be more houses on the market that are available to local people,” Ms. Clark told The Globe and Mail.

Next Tuesday, 22 communities will start levying 15 per cent in additional property transfer taxes on any foreign home buyer without permanent residency in Canada, as well as foreign corporations or Canadian-registered corporations owned or controlled by foreigners.

[Read more…]

BNN Interview about the New 15% Foreign Buyers Tax

The B.C. government announced a new plan to introduce a 15% property transfer tax for non-Canadian citizens and non-permanent residents in Metro Vancouver. The move comes as the government attempts to combat the growing affordability crisis in the Vancouver area. Business News Network (BNN) speaks with Jonathan Cooper, Vice President of Operations at Macdonald Real Estate Group about the impact.

 Vancouver realtors unhappy with new foreign buyers tax

(To view the video on mobile devices, please click here for direct play on BNN.)

 

About Macdonald Real Estate Group
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $7 billion and over $2 billion in assets under management. With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China. Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

Vancouver Olympian Richard Weinberger visits Macdonald Realty

This week Macdonald Realty’s Vancouver office welcomed a special visitor when Canadian Olympic swimmer Richard Weinberger stopped by for a visit.

Richard is a 10K Open Water swimmer and does most of his training at the Kits pool in Vancouver where he got to know one of our Realtors, Peter DeWitt. A two time Olympian (London 2012 & Rio 2016), Richard has been on the Canadian National Team since 2009 and won the bronze medal at the London Games in 2012. This summer he has his eyes set on gold at the Olympic Games in Rio where he is the only Canadian in his race.

Marketing Manager Rosey Hudson with Richard Weinberger

Marketing Manager Rosey Hudson with Richard Weinberger

Macdonald Realty is thrilled to be supporting Richard in his quest for gold and jumped at the opportunity to provide some sponsorship to the athlete. “We all know cost of living is high in Vancouver, and our amateur athletes need all the help they can get to reach their goals,” says Rosey Hudson, Marketing Manager for Macdonald Realty.  “It is a pleasure to support our community and our country in this way.  We’ll all be cheering him on come race day!”

Richard’s 10K Open Water Race is at 8am in Rio (4am Vancouver time) on Tuesday, August 16th. It will take place at the famous Copacabana beach under the Olympic category of Marathon Swimming. The race will take nearly 2 hours to complete in the rough open water of the bay.

Follow Richard’s Olympic journey on Twitter at @RAWeinberger  and watch this recent CBC interview with him.

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General Manager Mark Winter with Richard Weinberger

General Manager Mark Winter with Richard Weinberger

Soaring property values push businesses out of Vancouver’s west side | The Globe and Mail

Vancouver’s sky-high real estate prices are changing the shape of its retail districts – with pricey neighbourhoods feeling some pain, and formerly neglected pockets of the city getting a boost.

Several long-time businesses on the city’s expensive west side are either closing down or moving as retail strips transform under the pressures of rent and tax increases, redevelopment and a shifting demographic. The shopping strip along West Broadway, in the once-trendy heart of Upper Kitsilano, suddenly has vacant storefronts. Long-time shops are moving or shutting down.

“There is something wrong with West Broadway – an unprecedented number of businesses are closing their doors,” said Marion Jamieson, director of the Upper Kitsilano Residents Association. “I think the kinds of issues we’re facing in the residential areas of gentrification are also having an impact on commercial areas.”

[Read more…]

Greater Vancouver Real Estate Market Statistics – June 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in June 2016.

Vancouver

In the Vancouver Westside, there were 154 sales of detached homes and 620 active listings at the end of June. The benchmark sale price was $3,547,300, with an average days on market of 24. The hottest market for sales was Dunbar with 17 sales.

In comparison, the condo market had 579 sales, 760 active listings and a benchmark sale price of $696,200 with 18 average days on market. The hottest market for sales was Downtown VW, 157 sales.

Townhome sales were 64, active listings were 87. The benchmark sale price was $1,092,900 with an average days on market of 15. Fairview VW and Kitsilano, 12 sales each, were the hottest markets in June.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_June2016_VanWest

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – June 2016

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in June 2016.

Squamish

In June 2016, there were 20 sales of detached homes and 107 active listings in Squamish. The benchmark sale price was $762,400 with an average days on market of 33.

The Condo market had 15 sales and 44 active listings at the end of the month.  The benchmark sale price was $340,600 with an average days on market of 38.

Townhome sales were 17, active listings were 22. The benchmark sale price was $585,600, and the average days on market were 26.

MarketHotSheet_June2016_Squamish

[Read more…]

Okanagan Real Estate Market Statistics – June 2016

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in June 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In June 2016, there were 156 sales of detached homes and 683 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $471,612 with an average days on market of 79.

The Condo market had 50 sales and 171 active listings at the end of the month.  The average sale price was $255,944 with an average days on market of 74.

Townhome sales were 37, active listings were 97. The average sale price was $290,330, and the average days on market were 79.

MarketHotSheet_June2016_SouthOkanagan

[Read more…]

Shredder Drive and BBQ in Victoria

Our Victoria Office is hosting a shredder drive and BBQ fundraiser for our friends, clients and business partners in Victoria on Friday, June 24th from 11am to 3pm.  Drop by the Macdonald Realty office at 755 Humboldt Street in Downtown Victoria for this public event.

Shredding by donation. BBQ – Cash Only. All proceeds go to charity.

See you then!

RSVP to our Facebook Event Page to add to your calendar.

shredderevent4

Macdonald Realty participating in upcoming NEXTGENre Vancouver conference

Tore Jacobsen, Sales ManagerTore Jacobsen, Sales Manager at Macdonald Realty’s Fraser Valley offices in South Surrey/White Rock and Langley, will be participating at the upcoming NEXTGENre – A Bar Camp Experience conference in Burnaby on May 31st.  Tore will be moderating the session on thriving international and local real estate markets, as well as participating on the office culture and leadership panel.

Tickets for the NEXTGENre Vancouver event at the Hilton Metrotown are still available and  cost only $79.

Click here to order your ticket.

 

National conference series NEXTGENre heads to Vancouver

During the last six years, NEXTGENre – A Bar Camp Experience has brought together more than 2,500 real estate professionals and more than 150 facilitators and speakers.

“This is the only national real estate conference of its kind that is ‘brand agnostic’, meaning that there is no single real estate brand that is sponsoring this event,” says co-founder Kelly Skar.
The first of this year’s events recently took place in Calgary. The next one will be in Burnaby, B.C. on May 31 and two more will follow later in the year in Ontario.

“We care for the success of the industry and its agents first and foremost and we believe we have something truly authentic and relevant to offer,” says Virginia Munden, co-founder. “Our goal is to make you resilient in any marketplace and thrive with success. Our networking encourages collaboration and co-operation in a forum through peer-sharing.”

The event offers 31 “think tank sessions” throughout the day with topics including technology, social media, business, mobile, digital, brand, leadership, content marketing, lead generation, communication and philanthropy.

“We are currently selecting corporate and independent boutique brands to be a part of this authentic un-conference,” says Munden.

For more information, visit their Facebook group page.

(Source:  REM Online)

 

NEXTGENre 2016 Conference Vancouver

 

LeadingRE exceeds $351 billion USD in sales

Macdonald Realty is pleased to share that Leading Real Estate Companies of the World®, our global real estate network of market-leading independent brokerages, has announced its most recent sales statistics for 2015, reflecting ongoing dominance in the residential real estate market. Network affiliates produced over one million transactions valued at $351 billion USD in home sales last year, outperforming its closest network competitor by $86 billion, which further widened the margin over the previous year.
LeadingRE Annual Sales 2015 Graph

Leading Real Estate Companies of the World® affiliates had 27% of the total sales among the top 500 firms in the U.S., outselling all other networks in home sales by 48%, according to REAL Trends 500, a ranking of the largest U.S. companies by transaction sides and sales volume. Members also represented 14 of the top 25 firms in the U.S. in sales volume among this prestigious group.

[Read more…]

B.C. takes aim at shadow flipping in the real estate market

Business News Network (BNN) speaks with Jonathan Cooper of Macdonald Real Estate Group on the BC government’s new regulations aimed at what is called “shadow flipping”. While the aim is to further protect sellers in residential real estate transactions, just how much of an effect will this move have on the hot housing market?

Click the video to watch.

(To view the video on mobile devices, please click here.)
[Read more…]

2016 Chamber Award Nominees: Macdonald Realty Victoria and Branch Manager Nathalie Ghoos

This year our Macdonald Realty Victoria office was a finalist for Employer of the Year in the 2016 Greater Victoria Business Awards held by the Chamber of Commerce! In addition, Victoria office’s Branch Manager Nathalie Ghoos was a finalist for Employee of the Year.

129_Ara_Balabanian                     natalievictoria
Ara Balabanian                                                   Nathalie Ghoos
Managing Broker, Victoria                                Branch Manager, Victoria

Congratulations to all the nominees, finalists, and winners who were a part of this great event. Find out more info about the Victoria office in the video below.

[Read more…]

Macdonald Realty sponsoring Maple Ridge Home Show

Our Maple Ridge office is sponsoring the Ridge Meadows Home Show this weekend,  and providing  shuttle service from the Albion Sports Complex parking to Albion Fairgrounds event space.  Say hi to our team driving the golf carts!

Shuttle service at Maple Ridge Home Show

 

HOME SHOW: ‘Wheely’ good fun on tap in Maple Ridge this weekend

Source:  Maple Ridge & Pitt Meadows Times

Feeling sporty this weekend?

Then head down to Albion Fairgrounds where you can take in high-flying BMXers and bubble ball soccer demos during the Ridge Meadows Home Show.

There’ll be high flying action in the corral, as some of the top-ranked riders in the world take bring big air jumps and half pipe demos to the home show.

This is a get-active “try it zone” with bicycles and safety gear provided and patrons encouraged to give the sport of BMX a try.

There will also be a scooter course for scooter enthusiasts.

Returning to the fairgrounds this weekend is the Action Sports Extreme Stunt Show.

Sponsored by Macdonald Realty (which also provides a shuttle service from the Albion Sports Complex to Albion Fairgrounds during the weekend), and presented by Maple Ridge Cycle, Ridge Meadows BMX, Big Steel Box, Timberline Ranch, and The Creative Ride, the stunt show is always popular.

The Stunt Show:

• Friday at 7 p.m.,

• Saturday at 11 a.m. and 4 p.m., and

• Sunday at 11 a.m. and 2 p.m.

From its formative years in the early 1970s to today, BMX is still flourishing.

“If it wasn’t for these people doing [jumps and racing] I wouldn’t have gotten into this business,” said Troy Scott, the owner-manager of Maple Ridge Cycle, which is helping present the stunt show.

“Dirt jumping has always been exciting – that’s why my shop’s been around so long. A lot of the stuff we sell are involved with these types of [BMX] bicycles.”

Scott said BMX’s staying power remains strong, in a world where most kids are drawn to computers and iGadgets.

“It [BMX’ing] competes with iPads and iPods,” Scott said. “When parents get Christmas lists and bikes are in front of iPads – you don’t see that very often anymore.”

The passion for BMX locally is part of the reason why this showcase returns each year to the home show.

“We need something for the kids and grandkids to do while parents are looking at renos,” Scott said.

Since it’s an outdoor display, “Mother Nature plays a big part in it,” Scott said.

Former professional BMXer Nate Berkheimer plays a big role in the BMX show.

Berkheimer, who has more than two decades of BMX experience, made several dirt jumping finals at the Dew Tour.

The Maple Ridge resident competed professionally in both racing and freestyle (stunt riding).

“Nate has a lot of his guest riders come out and they put on a good show,” said Travis Franklin, who along with fellow realtor John Johnson helps organize the shuttles and stunt show on behalf of Macdonald Realty.

“They do stunts, back flips… everything on the ramps. It’s quite exciting to watch.”

Meanwhile, for little ones anxious to try bike riding, check out Tykes for Tots.

Bubble soccer

For soccer fans, West Coast Auto Group Football Club (WCAGFC) is bringing a unique twist on the “beautiful game” to the home show.

Bubble soccer demos will be happening throughout the weekend.

According to Bubble Soccer Vancouver, players are outfitted in “zorb-like inflatable bubble suits” which keep them safe “as they roll around, flip right over and collide with each other – all while trying to score goals.”

WCAGFC offers its own bubble soccer programs for U8 players right up to adults (visit westcoastfc.ca/Bubble_Soccer).

“People have a chance to give it a go,” WCAGFC executive director Misty Thomas said. “It’s exhausting, actually, to play it. It’s quite active and mostly people spend a lot of energy laughing. As we keep saying, it’s one of the few sports where spectators can actually have as much fun as the actual participants.

Watching bubble soccer is hilarious.”

Luxury Portfolio International: A New Kind of Luxury Leader

Ever wonder about the origin story behind Luxury Portfolio International®?

Luxury Portfolio International’s President, Paul Boomsma and Executive Vice President, Stephanie Pfeffer Anton are on the cover of RIS Media’s Real Estate Magazine April 2016 Edition.

Click the magazine cover and find out how market-leading independent firms joined forces to create luxury real estate’s most powerful network.

rismediacover.pdf

 

Macdonald Realty Recognized for Excellence in Service and Marketing at Global Real Estate Conference

VANCOUVER, B.C., Canada – (March 2, 2016) – Macdonald Realty received the prestigious Global Alliance Award from Leading Real Estate Companies of the World® (LeadingRE), a global network of more than 500 high quality independent real estate firms. The award was presented at the network’s Annual Awards Gala February 25 at the Fontainebleau Miami Beach. The event was part of LeadingRE’s Conference Week, which has attracted a distinguished audience of nearly 2,500 real estate professionals from 25 countries.

Winner Global Alliance Award

For the fourth consecutive year, Macdonald Realty was presented the Global Alliance Award. This award is presented to the international firm that closes the most cross-border referrals, utilizing the strength of the LeadingRE network to assist their local clients with global real estate investment and relocation services.

“The companies recognized with one of these prestigious awards have shown a real commitment to maximizing specific services available to them through their affiliation as a way to extend the scope of their offerings,” LeadingRE President/CEO Pam O’Connor said. “We are pleased to pay tribute to these outstanding companies for their focus on excellence and their exemplary participation in our global community.”

Macdonald Realty accepts 2016 Global Alliance Award in Miami

Jonathan Cooper, Alyssa Mori and Rosey Hudson of Macdonald Realty accept the 2016 Global Alliance Award.

 

Top 3 International Luxury Brokerages

Macdonald Realty was named one of the Top 3 International Luxury Brokerage by Luxury Portfolio International®. The award is presented to the firm based outside of the U.S. that epitomizes the quality, strength and luxury market expertise synonymous with the Luxury Portfolio brand.   Macdonald Realty was the only Canadian nominee, along with firms from South Africa and Italy.

Top 3 Consumer Materials and Video Marketing

Macdonald Realty was also recognized with top three finishes in two categories of the LeadingRE annual Marketing Competition.  The award-winning entries in the Consumer Materials and Video categories were chosen based on creativity, quality and overall presentation and effectiveness.

“It’s an honour for our marketing team to be recognized by LeadingRE, and in the company of outstanding firms from New York, Chicago and South Africa,” says Macdonald Realty’s Marketing Manager Rosey Hudson.  “It shows that the materials our in-house team produces are truly world class. Our new listing presentation is informative and beautiful, and is a tool that our agents should be very proud to share with prospective clients.”

2016 LeadingRE Awards for Macdonald Realty

 

Macdonald Realty, the residential division of Macdonald Real Estate Group, is the largest British Columbia representative of Leading Real Estate Companies of the World® (www.LeadingRE.com), an extensive network of premier locally-branded firms in more than 50 countries producing over one million annual home sale transactions. As a member of LeadingRE, Macdonald Realty provides a quality real estate experience, global marketing reach and access to top real estate professionals in any market.

For more information on Macdonald Realty, visit www.macrealty.com  or call 1-877-278-3888.

——————–

For comment please contact
Jonathan Cooper, Vice President, Operations
Macdonald Real Estate Group Inc.
Direct: 604-264-6789
Email:  jcooper@macrealty.com

About Macdonald Real Estate Group
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $7 billion and over $2 billion in assets under management.  With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China.  Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

 

In search of a great real estate brokerage | Real Estate Magazine (REM)

When you are serious about a career in real estate and want to find a brokerage that aligns with your career aspirations, selecting the “right” brokerage is critical to your success.

A fallacy exists that higher commissions should be your ultimate goal, but agent productivity statistics repeatedly reveal that this is not case. If you receive 100 per cent of the commission, you have to ask yourself what kind of support and services you can expect from the brokerage. The answer should be obvious: you get what you pay for, but this is fine for some.

John Lusink, vice-president at Chestnut Park Real Estate in Toronto, says, “A brokerage’s financial stability question only seems to surface when the economy starts to weaken, but realistically you should always be thinking about this. I also see a shift occurring in the industry back to the ‘truly’ full service, responsive brokerage models, especially as the public and our provincial regulatory bodies focus more on professionalism and competency.”

[Read more…]

Greater Vancouver Real Estate Market Statistics – February 2016

Here are the latest real estate market statistics from Macdonald Realty on Vancouver, North Shore, Tri-Cities and other Greater Vancouver listings and sales in February 2016.

 

Vancouver

In the Vancouver Westside, there were 226 sales of detached homes and 591 active listings at the end of February. The benchmark sale price was $3,003,800, with an average days on market of 20. The hottest market for sales was Dunbar with 40 sales.

In comparison, the condo market had 551 sales, 802 active listings and a benchmark sale price of $624,800 with 24 average days on market. The hottest market for sales was Downtown VW, 152 sales.

Townhome sales were 56, active listings were 86. The benchmark sale price was $907,200 with an average days on market of 31. Kitsilano, 10 sales, was the hottest market for sales in February.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_Feb2016_VanWest
The Vancouver Eastside had 168 sales and 349 active listings for detached homes at the end of the month. The benchmark sales price was $1,265,800, and the average days on market were 19. The hottest sales market was Grandview VE with 22 sales.

The condo market featured 140 sales240 active listing, and a benchmark sales price was $385,300. The average days on market were 24 days, and the hottest market for sales was Mount Pleasant VE with 40 sales.

The townhome market, on the other hand, had 25 sales and 30 active listings. The benchmark sale price was $683,600 with 22 average days on market. Champlain Heights and Mount Pleasant had the most sales in February at 5 each.

MarketHotSheet_Feb2016_VanEast

 

North Shore

In February, the North Vancouver market had 159 sales and 210 active listings for detached homes. The benchmark sale price was $1,382,000 with an average days on market of 16. Upper Lonsdale, 24 sales, had the most sales activity.

There were 129 sales and 173 active listings for condos. The benchmark sale price was $399,000 with 25 average days on market. The neighbourhood of Lower Lonsdale with 43 sales was the hottest sales market.

Townhome sales were 42active listings were 46, the benchmark sale price was $728,200, and the average days on market were 22. Hamilton with 5 sales had the most sales activity.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_Feb2016_NorthVan
The West Vancouver market had 141 sales and 388 active listings for detached homes. The benchmark sale price was $2,710,500 with 29 average days on market. Ambleside with 26 sales was the neighbourhoods with the most sales activity.

Condo sales were 17 and active listings were 85 at the end of the month. The benchmark sales price was $761,600 with an average days on market of 38. Same as detached homes, Ambleside had the most sales in February at 11.

In comparison, townhome market had 3 sales and 6 active listings; the average days on market were 29.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_Feb2016_WestVan

 

Tri Cities

In the Coquitlam market, there were 177 sales and 232 active listings for detached homes at the end of February. The benchmark sale price was $1,006,900, and the average days on market were 25. Burke Mountain and Central Coquitlam, with 35 sales each, experienced the most sales activity.

The condo market had 136 sales and 170 active listings. The benchmark sale price was $312,700 with 31 average days on market. The hottest market for sales was North Coquitlam, 60 sales.

Townhome featured 52 sales and 45 active listings. The benchmark sales price was $471,500 with an average days on market of 16. Burke Mountain, 21 sales, was the neighbourhood with the most sales activity.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_Feb2016_Coquitlam
The Port Coquitlam had 80 sales and 61 active listings for detached homes. The benchmark sale price was $776,800 with an average days on market of 12. Glenwood PQ with 20 sales experienced the most sales activity of the month.

Condo featured 76 sales96 active listings, a $263,500 benchmark sales price, and 23 average days on market. Central Pt Coquitlam had the most sales activity at 67.

In comparison, townhome had 30 sales and 36 active listings. The benchmark sales price was $462,500 with an average days on market of 15. Riverwood was the hottest market with 12 sales.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_Feb2016_PortCoquitlam
There were 31 sales and 64 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,164,800, and the average days on market were 29. Heritage Mountain had the most sales activity of 7.

The condo market featured 34 sales49 active listings$413,000 benchmark sale price, and 21 average days on market. Port Moody Centre, 23 sales, had most sales activity.

In comparison, townhome sales were 15active listings were 12 and the benchmark sale price was $526,100. The average days on market were 12, and Heritage Woods PM with 4 sales was the hottest market for sales.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_Feb2016_PortMoody
The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_Feb2016_BurnabyEast

 

Burnaby North

MarketHotSheet_Feb2016_BurnabyNorth

 

Burnaby South

MarketHotSheet_Feb2016_BurnabySouth

 

New Westminster

MarketHotSheet_Feb2016_NewWest

 

Richmond

MarketHotSheet_Feb2016_Richmond

 

Maple Ridge

MarketHotSheet_Feb2016_MapleRidge

 

Ladner

MarketHotSheet_Feb2016_Ladner

 

Tsawwassen

MarketHotSheet_Feb2016_Tsawwassen

 

Pitt Meadows

MarketHotSheet_Feb2016_PittMeadows

 

Bowen Island

MarketHotSheet_Feb2016_BowenIsland

 

Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver? 

Macdonald Realty has offices across the Greater Vancouver. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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MLS® Home Price Index (HPI) Benchmark Price 
Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.
This blog post is based on market data provided by the Real Estate Board of Greater Vancouver (REBGV) www.rebgv.org
Categories:

Macdonald Realty Luxury Homes Magazine | Spring 2016

The latest edition of Macdonald Realty Luxury Homes is now available! This publication showcases unique and luxurious homes listed with Macdonald Realty from across the province.

Highlights of this Spring 2016 issue include an exceptional “Super Prime Real Estate” in Vancouver, an article on Americans Investing Abroad and a new LuxeTrends: Make 2016 a Family Focused Year, content courtesy of our partner Luxury Portfolio International.

Simply click the cover image below to see the digital version and to download the full PDF on your tablet or computer!

LuxuryMagazine_Spring2016_cover

Macdonald Real Estate Group – Year in Review 2015

It is the season to look back with a Year in Review 2015 video of Macdonald Real Estate Group’s performance across our residential, commercial sales and leasing, property management and project marketing divisions, as well as the launch of our new office in Shanghai, China.  This success continues to position us as Western Canada’s largest integrated real estate firm.  Watch the 3 minute video for an overview of the key highlights of our last year.

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About Macdonald Real Estate Group
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $7 billion and over $2 billion in assets under management.  With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China.  Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

 

Greater Vancouver Real Estate Market Statistics – January 2016

Here are the latest real estate market statistics from Macdonald Realty on Vancouver, North Shore, Tri-Cities and other Greater Vancouver listings and sales in January 2016.

Vancouver

In the Vancouver Westside, there were 135 sales of detached homes and 502 active listings at the end of January. The benchmark sale price was $2,928,800, with an average days on market of 42. The hottest market for sales was Shaughnessy with 16 sales.

In comparison, the condo market had 307 sales, 768 active listings and a benchmark sale price of $599,200 with 32 average days on market. The hottest market for sales was Downtown VW, 75 sales.

Townhome sales were 31, active listings were 80. The benchmark sale price was $892,600 with an average days on market of 48. University VW, 5 sales, was the hottest market for sales in January.

Listings are down. Sales are up. It’s a seller’s market.

 

Jan2016_VanWest

 

The Vancouver Eastside had 98 sales and 314 active listings for detached homes at the end of the month. The benchmark sales price was $1,234,100, and the average days on market were 35. The hottest sales market was Killarney VE with 15 sales.
The condo market featured 88 sales, 209 active listing, and a benchmark sales price was $373,800. The average days on market were 43 days, and the hottest market for sales was Mount Pleasant VE with 21 sales.
The townhome market, on the other hand, had 10 sales and 36 active listings. The benchmark sale price was $661,200 with 36 average days on market. Champlain Heights had the most sales in January at 4.
Jan2016_VanEast

[Read more…]

Squamish, Whistler, and Sunshine Coast Real Estate Market Statistics – January 2016

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler and Sunshine Coast listings and sales in January 2016.

Squamish

In January 2016, there were 17 sales of detached homes and 54 active listings in Squamish. The benchmark sale price was $651,400 with an average days on market of 48.
The Condo market had 7 sales and 32 active listings at the end of the month. The benchmark sale price was $312,600 with an average days on market of 37.
Townhome sales were 4, active listings were 17. The benchmark sale price was $482,900, and the average days on market were 9.

Jan2016_Squamish

[Read more…]

Okanagan Real Estate Market Statistics – January 2016

Here are the latest real estate market statistics from Macdonald Realty on Kelowna and Okanagan listings and sales in January 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In January 2016, there were 48 sales of detached homes and 579 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $433,040 with an average days on market of 105.
The Condo market had 21 sales and 214 active listings at the end of the month. The average sale price was $238,821 with an average days on market of 114.
Townhome sales were 10, active listings were 78. The average sale price was $278,305, and the average days on market were 87.
[Read more…]

Surrey, Langley and Fraser Valley Real Estate Market Statistics – January 2016

Here are the latest real estate market statistics from Macdonald Realty on Surrey, Langley and Fraser Valley listings and sales in January 2016.

White Rock/South Surrey

There were 140 sales, 299 active listings, and a $1,122,100 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 39 sales, 240 active listings and a benchmark sale price of $277,200 at the end of the month.

In comparison, townhome sales were 55, active listings were 131 and the benchmark sale price was $467,400.

Listings are down. Sales are up. It’s a seller’s market.

Jan2016_WhiteRockSouthSurrey

[Read more…]

Victoria Real Estate Market Statistics – January 2016

Here are the latest real estate market statistics from Macdonald Realty on Vancouver Island and Greater Victoria listings and sales in January 2016.

Greater Victoria

In January 2015, there were 225 sales of single family homes and 607 active listings in Greater Victoria. The benchmark sale price was $524,000 with an average days on market of 53. The hottest market for sales was Saanich East with 49 sales followed by Langford with 35 sales. There were also 13 sales and 150 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 151 sales, 511 active listings at the end of the month. The benchmark sale price was $302,900 with an average days on market of 70. The hottest market for sales was Victoria, 56 sales.

Townhome sales were 58, active listings were 172 and the benchmark sale price was $425,100. The average days on market were 68, and the hottest market was Saanich East with 9 sales.

Listings are down. Sales are up. It’s a seller’s market.

Jan2016_Victoria

[Read more…]

Macdonald Realty CEO Lynn Hsu recognized in the 2016 Swanepoel Power 200 List

Macdonald Realty’s President and CEO Lynn Hsu has been included in the Swanepoel™ annual list of The Most Powerful People in Residential Real Estate for 2016.

Ms. Hsu’s acquisition of Macdonald Realty in 1990 coincided with Vancouver’s emergence as an Asian hub on the international stage. She has subsequently grown the firm to 20 offices throughout British Columbia (Canada) with nearly 1,000 agents responsible for an estimated $5 billion in annual sales.

Lynn Hsu, recognized for growing Macdonald Realty from one office in 1990 to 20 offices and nearly 1000 agents 25 years later, is listed as #105 for the Power 200. This is the overall SP200 list which identifies the 200 leaders that have the most power and influence to impact the residential real estate brokerage industry.

In addition Lynn Hsu ranks in the Top 20 on their Women Leaders list, along with Pam O’Connor of Leading Real Estate Companies of the World®, our global network of market-leading independent brokerages. We’re also happy to see Stephanie Pfeffer Anton of Luxury Portfolio International® and LeadingRE named #1 in the Top 20 Social Influencers of Residential Real Estate.  Our friend and colleague Paul Boomsma, President of Luxury Portfolio International® also made the Power 200 list.

View the complete 2016 Swanepoel Power 200 lists.

 

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Ian Lawrie’s Retirement | Mortgage Services

Join Macdonald Real Estate Group in extending best wishes to Ian Lawrie, our Vice President of Mortgage Services, who has retired at the end of 2015. Ian was with us for nearly 27 years, since he joined the Vancouver-West (Kerrisdale) office in 1989 and opened our first mortgage division.

Under Ian’s care, our mortgage services have undergone many changes. In recent years, he has brought our strategic partnership with Origin Home Financial Partners Inc to our offices with a team of dedicated, mobile mortgage professionals to serve our clients. Rest assured Macdonald Real Estate Group will continue to offer mortgage solutions for our clients.

View our Mortgage information page and contact an Origin mortgage advisor in your area.

Ian_Lawrie

Okanagan Real Estate Market Statistics – December 2015

Here are the latest real estate market statistics from Macdonald Realty on Kelowna and Okanagan listings and sales in December 2015.

South Okanagan: Osoyoos, Oliver, and Penticton

In December 2015, there were 64 sales of detached homes and 574 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $422, 547 with an average days on market of 110.

The Condo market had 17 sales and 213 active listings at the end of the month. The average sale price was $211,324 with an average days on market of 95.

Townhome sales were 16, active listings were 79. The average sale price was $205,253, and the average days on market were 81.

Dec2015_OkanaganSouth

[Read more…]

Greater Vancouver Real Estate Market Statistics – December 2015

Here are the latest real estate market statistics from Macdonald Realty on Vancouver, North Shore, Tri-Cities and other Greater Vancouver listings and sales in December 2015.

Vancouver

In the Vancouver Westside, there were 135 sales of detached homes and 376 active listings at the end of December. The benchmark sale price was $2,885,000, with an average days on market of 42. The hottest market for sales was Dunbar with 24 sales.

In comparison, the condo market had 336 sales, 593 active listings and a benchmark sale price of $590,400 with 41 average days on market. The hottest market for sales was Downtown VW, 72 sales.

Townhome sales were 39, active listings were 79. The benchmark sale price was $897,400 with an average days on market of 35. Kitsilano, 10 sales, was the hottest market for sales in December.

Listings are down. Sales are up. It’s a seller’s market.

Dec2015_VanWest

The Vancouver Eastside had 122 sales and 229 active listings for detached homes at the end of the month. The benchmark sales price was $1,222,900, and the average days on market were 28. The hottest sales market was South Vancouver with 18 sales.

The condo market featured 108 sales, 171 active listing, and a benchmark sales price was $364,500. The average days on market were 36 days, and the hottest market for sales was Mount Pleasant with 30 sales.

The townhome market, on the other hand, had 19 sales and 25 active listings. The benchmark sale price was $651,200 with 39 average days on market. Champlain Heights had the most sales in December at 7.

Listings are down. Sales are up. It’s a seller’s market.

Dec2015_VanEast

[Read more…]

Squamish and Whistler Real Estate Market Statistics – December 2015

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler and Sunshine Coast listings and sales in December 2015.

Whistler

In the Whistler market, the benchmark sale price was $1,069,900 with an average days on market of 135 days for detached homes. At the end of December, there were 13 sales and 88 active listings.

In comparison, the condo market had 38 sales and 134 active listings. The benchmark sale price was $285,500, and the average days on market were 126.

Townhome featured 23 sales, 53 active listings and a $530,600 benchmark sale price with 83 average days on market.

Listings are down. Sales are up. It’s a seller’s market.

Dec2015_Whistler

 

[Read more…]

Surrey, Langley and Fraser Valley Real Estate Market Statistics – December 2015

Here are the latest real estate market statistics from Macdonald Realty on Surrey, Langley and Fraser Valley listings and sales in December 2015.

North Surrey

In December 2015, there were 99 sales of detached homes and 116 active listings in North Surrey. The benchmark sale price was $670,000, an increase of 19.0% compared to December 2014.

The condo market had 63 sales, 287 active listings at the end of the month.  The benchmark sale price was $200,000.

In comparison, townhome sales were 19, active listings were 51 and the benchmark sale price was $263,200.

Listings are down. Sales are up. It’s a seller’s market.

Dec2015_NorthSurrey

[Read more…]

Victoria Real Estate Market Statistics – December 2015

Here are the latest real estate market statistics from Macdonald Realty on Vancouver Island and Greater Victoria listings and sales in December 2015.

Greater Victoria

In December 2015, there were 209 sales of detached homes and 578 active listings in Greater Victoria. The benchmark sale price was $521,100 with an average days on market of 58. The hottest market for sales was Langford with 46 sales. There were also 19 sales and 161 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 114 sales, 499 active listings at the end of the month. The benchmark sale price was $305,000 with an average days on market of 64. The hottest market for sales was Victoria, 49 sales.

Townhome sales were 46, 189 active listings and the benchmark sale price was $419,100. The average days on market were 85, and the hottest market was Victoria with 8 sales.

Listings are down. Sales are up. It’s a seller’s market.

[Read more…]

2015 charitable donation to local refugee centre | Macdonald Real Estate Group

Dear Friends, Clients, and Colleagues,

In lieu of cards or gifts this Christmas, Macdonald Real Estate Group (MREG) has made a charitable donation to the new Welcome Centre in East Vancouver, which is due for completion in the spring of 2016 to support the refugees arriving in British Columbia.

Refugees escaping war, famine and persecution will soon have help from a regional services hub in Vancouver—a one-stop housing and support centre. Immigrant Services Society of BC is building the new, first of its kind in the world, 58,000 square foot facility that will address the immediate needs of Government Assisted Refugees and immigrants in Vancouver. The New Welcome House will be a regional service hub bringing together a unique combination of transitional housing and targeted services under one roof to streamline access to care. For more information and to follow along with the construction please visit newwelcomehouseblog.org

Season’s Greetings,

Jonathan Cooper
Vice President, Operations
Macdonald Real Estate Group Inc.

 

About Macdonald Real Estate Group
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $7 billion and over $2 billion in assets under management.  With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China.  Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

 

Macdonald Realty Luxury Homes Magazine | Winter 2015

The winter 2015 edition of Macdonald Realty Luxury Magazine is now available! This publication showcases unique and luxurious homes listed with Macdonald Realty from across the province.

Highlights of this issue include an exceptional “Timeless Whistler” winter haven, new additions of the International Market Pulse and a revamped LuxeTrends: What We Fancy content courtesy of Luxury Portfolio International, as well as a feature of local British Columbian Spirits.

Simply click the cover image below to see the digital version and to download the full PDF!


MacdonaldRealtyLuxuryMagazine_WINTER2015_COVER_NO-IMPRINT

Luxury Brokers Visit Two River Green

Last month Luxury Brokers from across North America visited Macdonald Realty in Vancouver for the Luxury Portfolio fall workshops. During their stay they visited the River Green Presentation Centre in Richmond, a new luxury master planned community encompassing 27 acres of river shoreline. Canada’s most significant waterfront community and Richmond’s most impressive luxury development. Designed and built with the finest materials and craftsmanship, each residence offers the ultimate in luxurious living along the Fraser River. The prestigious waterfront location embraces stunning panoramic vistas of the Gulf Islands, North Shore Mountains and the Vancouver skyline. Visit the Two River Green website for more details.

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Tom Garvey joins Macdonald Realty


Tom_Garvey_web
VANCOUVER, B.C., Canada (October 29, 2015) – Macdonald Realty has hired Tom Garvey as the new full-time Managing Broker for their Coquitlam and Maple Ridge offices. He will be the go-to resource for transaction-related questions, and responsible for retention, recruitment and training in those offices.

“Macdonald Realty is fortunate to add Tom to our Management Team.” says Jonathan Cooper, Vice President, Operations for Macdonald Real Estate Group. “He brings several decades of industry experience to this role, both in sales and in management, and is well respected in the Greater Vancouver real estate community.  Tom will be a tremendous resource to his offices and our company as a whole.”

Tom has served the Fraser Valley and Greater Vancouver Real Estate boards on a number of committees including Education, Technology, MLS®, and Professional Conduct. Moreover, he has also been a part of the BCREA education committee and acts as a Student Advisor for The Real Estate Institute of British Columbia.

 

For more information, please contact:
Jonathan Cooper, Vice President, Operations
Macdonald Real Estate Group, Inc.
Phone – 604 264 6789
Email – jcooper@macrealty.com
Tom Garvey FRI, RI(BC)
Managing Broker,  Macdonald Realty Ltd.
Phone – 604 931 5551
Email – tgarvey@macrealty.com

About Macdonald Real Estate Group:
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $6.3 billion and just under $2 billion in assets under management.  With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China.  Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

Victoria Realtors help TP the Town

October 11th to 17th marked this year’s Homelessness Action Week in Greater Victoria. Imagine yourself experiencing poverty, down to your last few dollars of the month and you need to make a choice between food for your family, or toilet paper. Guess what? Food always wins. This means many individuals and families in Victoria actually greatly appreciate the luxury of toilet paper. Something we flush down the toilet every single day can literally change lives. TP the Town aims to raise 50,000 rolls of toilet paper for people in need.

This year two agents from the Macdonald Realty Victoria office, Tracy Keenan-Whyte and Dane Kingsbury, participated in this wonderful community event!

Here Tracey shares their experience:
“My colleague Dane & I got out there early this morning to collect rolls of toilet paper – yes you read correctly – to support Homelessness Action Week in Victoria. Last year over 48,000 rolls were raised, and together we are hoping to reach 50,000 this year. A HUGE THANK YOU!! to all the households that donated – we applaud you. Something as simple as TP that we take for granted everyday is a luxury for many folks. And when it comes to making budget decisions as the month nears its end – food always comes first. Big thanks again to all of our donors…Dane & I picked up over 400 rolls of TP this morning!”

Stay tuned for more spotlights on our REALTORS® active in British Columbia communities!

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Whistler Market Update – Fall 2015

Strong and steady remains the description of the real estate market. Overall, we are consistent with sales volumes that were achieved in 2014.

Chalet sales (year to date) median price is $1.4M. Last year for the same time  period it was $1.250M. The Whistler Market median price of single family homes has increased 12%. Sales of chalets is up 9%. Whistler sold 123 (YTD) single family homes this year and 112 last year during the same time frame.

Our market is on track for another big year. Understand the stats so you don’t miss out! As a result of two strong years in real estate; prices are trending upwards and buyers are being forced to focus on higher priced properties.  The strongest pressure has been on our chalet or town home market.  A Buyer can easily find themselves in a multiple offer situation.

The townhome market faces the largest pressure and sales are up along with prices due to the rising costs of chalets and Buyers seeking to find an affordable alternative.

Vacant land is on demand due to the lack of choices and Buyers wanting to build their “dream in Whistler” as oppose to taking on a large scale renovation of an Old Timer’s A frame.

The condominium dollar volume showed a gain but a decline in the # of transactions demonstrating this market being the slowest to rebound. Also, maybe an indicator of some potential assessments in many of the buildings.

As a Buyer; be able to move quickly.  Expect potential multiple offer situations and expect to jump in or anticipate watching prices climb. Anticipate fewer choices as the snow starts to fly.

For Sellers, October is a historically a strong sales month as many Buyers have been educating themselves and are now ready to purchase.

———

Blog post provided by Shauna O’Callaghan, a REALTOR® with Macdonald Realty in Whistler.  Visit her website shaunaocallaghan.com  for more information.  Oct 8, 2015.

 

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Head Mother Nature’s warning and prepare your emergency kit

Half a million residents were without power after the latest wind storm hit the lower mainland in late August.  300,000 hectares of BC forest have burned this summer.   And, of course, we have the ever present threat of “the big one” earthquake.

Now is the time to review and prepare your emergency kit.  Recheck batteries, food and water supply expiry dates and fill in any pieces you are missing. Experts agree you need to be prepared to be self-sufficient for at least 72 hours following a disaster.

10 Essentials for your Emergency Kit

  1. Water — At least two litres of water per person per day; include small bottles that can be carried easily in case of an evacuation order
  2. Food that won’t spoil, such as canned food, energy bars and dried foods (replace food and water once a year)
  3. Manual can opener
  4. Crank or battery-powered flashlight (and extra batteries)
  5. Crank or battery-powered radio (and extra batteries)
  6. First aid kit
  7. Extra keys to your car and house
  8. Some cash in smaller bills, such as $10 bills and change for payphones (if you can find one)
  9. A copy of your emergency plan and contact information
  10. If applicable, other items such as prescription medication, infant formula, equipment for people with disabilities, or food, water and medication for your pets or service animal (personalize according to your needs)

 

Click here to order Emergency Preparedness Kits for the Home or Car from the BC Government (1-6 person kits available)

This article was originally posted on CBC News, October 17th, 2013.

Macdonald Realty Luxury Homes Magazine |Fall 2015

The Fall 2015 edition of Macdonald Realty Luxury Homes is now available! This publication showcases unique and luxurious homes listed with Macdonald Realty from across the province.

Highlights of this issue include an exceptional West Coast Retreat aptly named Eagles’ Perch in East Sooke and more articles such as the British Columbia Wine Feature and Trends: What We Fancy. We also feature homes from Whistler, West Vancouver, Vancouver, Richmond, Bowen Island, White Rock, Mission, North Saanich, Salt Spring Island, and Mayne Island.

Simply click the cover image below to see the digital version and to download the full PDF!


MacdonaldRealtyLuxuryMagazine_Fall2015_FINAL_COVER_NO_IMPRINT_digital

Macdonald Realty #1 in 2015 list of “Biggest BC businesses owned by women” | BIV

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In the August 4, 2015 edition of Business in Vancouver, Macdonald Realty was ranked #1 on their annual list of the biggest BC businesses owned by women.  With 930 employees in B.C., Macdonald Realty’s Owner, President and CEO Lynn Hsu tops a list that includes SimpeQ Care, TPD, Purdys Chocolatier and CEFA Early Learning Schools in the Top 5.

Macdonald Realty also ranks 11th on BIV’s list of Biggest B.C. organizations managed by women.

Business in Vancouver newspaper is the flagship publication of Business in Vancouver Media Group. Since its creation in 1989, the weekly newspaper has been an essential source of news, features, analysis and data for Vancouver business leaders and influencers. It remains a must-read source of unique, unduplicated business insight.

See the full list at Business in Vancouver.

 

Over 300 Macdonald Realty Agents Achieve the Certified Negotiation Expert Designation

VANCOUVER, B.C., Canada (August 11, 2015) – Macdonald Realty is pleased to announce that as of August 11th, 2015, over 300 of its real estate agents have received the Certified Negotiation Expert (CNE®) designation – this represents over 50% of the agents from Macdonald Realty’s residential sales offices.

“In decades past, agents were the conduits of listing information.” Explains Macdonald Real Estate Group (MREG) CEO Lynn Hsu. “Now, there is an enormous amount of listing data readily available to the public online, and the value proposition for the real estate agent has changed.  Agents must provide cogent analysis of the data available, and expert negotiation skills to resolve conflict, build bridges, and bring deals together for the benefit of all parties involved.”

Jonathan Cooper, MREG Vice President, adds: “The bottom line is negotiation skills are fundamental to the real estate business.  Successfully managing the ebb and flow of interpersonal communications—often under considerable time constraints—is vital to real estate transactions, and it’s not something that can be replaced by a computer.”

Offered by the Real Estate Negotiation Institute (RENI), the CNE® course applies up-to-date research in negotiation dynamics to the real estate sales process.  It provides agents with tangible tools and insights to achieve better outcomes for their clients.  Since 2006, tens of thousands of real estate agents across North American have earned the CNE® designation.

Suze Cumming, the Canadian Director of the RENI, has collaborated with MREG over the last twelve months – “I  would like to congratulate Macdonald Realty on being the only brokerage in Canada to have successfully certified over 300 of their real estate professionals in this critical area of expertise.  Their commitment to a higher level of service excellence proves that they are leaders in the real estate industry.”

suze-cumming

 

 

 

 

 

 

 

For more information, please contact:
Jonathan Cooper, Vice President, Operations
Macdonald Real Estate Group, Inc.
Phone – 604 264 6789
Email – jcooper@macrealty.com
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About Macdonald Real Estate Group:
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $6.3 billion and over $1.75 billion in assets under management.  With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China.  Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

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HGTV’s House Hunt Winner in Best International Home 2015: Timber Frame Home in Squamish

The HGTV House Hunt has finished and the votes are in. Congratulations to all the winners! Thank you to all who helped Macdonald Realty’s International Home nomination become the 2015 winner. Find out more about this amazing listing below on the HGTV House Hunt website:

Timber-Frame Home in Squamish

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This backyard view of the home shows off the pairing of stone and neutral siding that were used for the exterior. The landscape and hardscape includes a small pond and evergreen trees.

Special thanks to our luxury home marketing network partners at Luxury Portfolio International for coordinating our nomination.  What an honour!  Our Squamish listing won over fellow nominees from Queenstown New Zealand, Paris France, Marrakesh Morocco, Australia, South Africa, Mexico and other exotic global locations.

Lynn Hsu, CEO of Macdonald Realty, named one of The 50 Most Influential Women in BC | BCBusiness

From politicians to bankers, charity mavens to retail entrepreneurs, these are the leaders who are having a big impact behind the scenes and at centre stage in British Columbia.

If you’re a reader of the business press—or any story featuring the power brokers in our midst—you’ll be struck by one thing above all else: the paucity of women. While some may argue that “them’s the numbers”—and yes, women are poorly represented in the boardrooms and backrooms of B.C.—the fact is that we in the media bear some responsibility. The evidence of powerful and dynamic women leaders abounds. It’s just not being reported as frequently.

That, in part, is why BCBusiness decided to do this survey of B.C.’s Most Influential Women: to put a distinctly female face on power and influence in B.C….

Lynn Hsu
President and CEO, Macdonald Realty

Influence: Taiwanese immigrant Hsu has helped turn Macdonald into one of the largest full-service real estate firms in B.C–and the gateway for Mainland Chinese investors.

The panel says: “Macdonald is far bigger than even the real estate industry realizes, in terms of the amount of transactions. They’re one of the largest residential brokers in B.C., and on the commercial side, the amount of real estate that they’re transacting–they’re doing deals that are as big as what Colliers or CBRE is doing.”

Read about the other 50 Most Influential Women in BC at BCBusiness

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BC Real Estate is Front and Centre in Shanghai | BCBusiness with Dan Scarrow

Beyond Borders
Macdonald Realty’s Shanghai office is meeting the needs of its clients and bearing fruitful results

As seen in BCBusiness July 2015 issue.

As the demands of the BC real estate market change, realtors and their respective real estate agencies must react accordingly to stay in the game. For one agency, this meant thinking outside of the box and stepping out of its time zone.

When Macdonald Realty opened its office in Shanghai, China, last year, it was branded as “The Canadian Real Estate Investment Centre.” But Dan Scarrow, who manages the Shanghai office, says that his Chinese clients had their own words to describe it. Impressed with the office’s scope, they say that it covers “an entire dragon of services.”

Those services include residential resale, commercial sales and leasing, new development project marketing and property management. While American, Australian, New Zealand and European real estate companies had established offices in China, Macdonald Realty was the first company in China with a sole focus on Canadian real estate. The company decided to open the office as a response to their clients’ desire for better access to the Chinese market.

Scarrow is uniquely qualified to run the office. He has been working with Macdonald Realty for nearly 10 years, and has worked as an executive assistant for the CEO, and as a residential and a commercial agent. He is a born-and-bred Vancouverite, but he is half Taiwanese. “The upshot is that Mainland Chinese see me as a white Canadian, but I’m also able to communicate with them in Mandarin,” he says. “I guess you could say that, in China, I am an authoritative foreign curiosity and hence memorable.”

His company, says Scarrow, has several competitive advantages. “Our intimate knowledge of the market is what makes us uniquely valuable to investors here,” he says. “We are small enough to be agile, but big enough to provide a full range of brokerage, management and advisory services.”

Scarrow works with Chinese clients who are in the process of immigrating to Canada, with new Canadians and with pure investors. Those interested only in investment tend to look at new condos and commercial properties. “What resonates with investors in China is the perception of Canada as a safe and secure investment climate, in contrast with China’s robust, but volatile, environment,” says Scarrow.

In order to stand out in today’s highly competitive real estate market, Macdonald Realty has undertaken several innovative marketing strategies. As technology has made property information widely available to the public, Scarrow notes that the role of the real estate agent has shifted: from gatekeeper of information to interpreter and negotiator. To meet the demands of those roles, Macdonald Realty has been working with an outside training organization to offer all agents the exclusive Certified Negotiation Expert (CNE) designation. Macdonald Realty has also launched its own magazine called Macdonald Realty Luxury Homes, to help market its luxury home listings in Canada and in China. Produced by the company’s own in-house creative marketing team, the magazine has proven to be a hit.

But from his own experience, Scarrow says that the most important way for an agent to get ahead is to be a competent professional first. “Doing a fantastic job with one client will generate more long-term business than even the most successful email campaign,” he says. “Start with the people who know and trust you, do an unbelievable job for them and continue learning about how to be a professional from the good agents and managers around you.” Dan Scarrow manages Macdonald Realty’s Shanghai office sults just come a lot easier.”

This article was originally posted on BCBusiness, June 12th, 2015. 

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Macdonald Realty Nominees for HGTV’s House Hunt 2015

The HGTV House Hunt is on once again! This year we are nominated under 3 categories, with 4 of our listings in beautiful BC. Tour amazing homes across the globe, vote for your favorites, and enter for your chance to win a $10,000 cash prize! And remember you can vote for your favorites once a day. Follow the instructions below to vote for Macdonald Realty Nominees for HGTV’s House Hunt 2015:

Step 1: Tour the homes in the category.
Step 2: When you’ve found your favorite, click “I’m Ready to Vote.”
Step 3: Choose your favorite by clicking “Vote.”
Step 4: Click “Continue to Next Category” to tour more homes.

Amazing Kitchens: Country Estate in Vancouver
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A mix of contemporary style and country charm brings this spacious, eat-in kitchen to life. Charcoal gray cabinets and gray stone countertops blend seamlessly together, while a gray and white chevron tile backsplash breaks up the monochromatic space. The large island pairs with country-style barstools to provide additional seating for dining. Click here to vote for this listing as your favorite Amazing Kitchen!

 

Privacy, Please: Luxe Chateau in Victoria
HGTV_2

Sprawling mountain views and a luxurious infinity-edge pool and spa, what’s not to love? Relax, unwind and take in the incredible views of the natural Fiord of Finlayson Arm and the Saanich Inlet. Click here to vote for this listing as your favorite Privacy, Please candidate!

 

Rustic Lodge in Chilko
HGTV_3

Located on 25 acres of deeded land with a private 10-acre lake, the Huston Family Estate offers an unparalleled atmosphere with breathtaking views of the majestic Chilko Valley. Click here to vote for this listing as your favorite Privacy, Please candidate!

 

Timber-Frame Home in Squamish

 

HGTV_4
This backyard view of the home shows off the pairing of stone and neutral siding that were used for the exterior. The landscape and hardscape includes a small pond and evergreen trees. Click here to vote for this listing as your favorite International Homes candidate!

 

Thank you to our global partners Luxury Portfolio International for bringing attention to our amazing collection of luxury homes listed across British Columbia by our Macdonald Realty agents.

Macdonald Realty Luxury Homes Magazine | Summer 2015

The latest edition of Macdonald Realty Luxury Homes is now available! This publication showcases unique and luxurious homes listed with Macdonald Realty from across the province.

Highlights of this issue include magnificent living on Panorama Ridge, Surrey and more such as the British Columbia Wine Feature and Trends: What We Fancy. We also feature homes from Whistler, West Vancouver, Vancouver, Richmond, Bowen Island, White Rock, Mission, North Saanich, Salt Spring Island, and Mayne Island.

Simply click the cover image below to see the digital version and to download the full PDF!

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5 Ways to Stay Safe At Home

No matter how beautiful or spacious your house, the most important thing is that you feel safe and secure in your own home. It is scary to think that break-ins happen, but don’t worry, there are things you can do to prevent them. Check out these 5 tips to stay safe at home!

  1. Set up an alarm system. Alarms are one of the most effective ways to ensure safety in your own house. By setting up an alarm system, the police would be alerted in case of a break in. Moreover, it would automatically make your home a less favorable target since the burglars would not want to risk setting off the alarm.
  2. Don’t hide your keys in obvious places. Hiding your keys under the doormat or a rock may be okay a few decades ago, but now you may want to change up your hiding spot. The best place to put a spare key is with a trustworthy neighbor or family member.
  3. Install yard lights and security cameras. The brighter the area outside your house is the less likely it is for burglars or intruders to find hiding spots. A security camera could also help with identifying the intruders or alerting homeowners of an intrusion.
  4. Lock your windows and doors. The easiest way to prevent a break-in is at the point of entry. Locks are crucial, so don’t be afraid of spending a little bit more on them to ensure the safety of your house. Burglar-proof windows are not necessary but could be a possible upgrade in particularly at risk areas or dark alleyways.
  5. Keeps your plans private. You may be super excited for your next vacation, but wait until you’re back from the trip to share your plans publicly. It’s okay to tell your close friends and families but there is no need to tell the supermarket clerk or the hairdresser because burglars rely on these tips on people who will be out of town.

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5 Tips for Staying on Budget During Renovations

Are you getting ready to sell your house? Perhaps that includes some renovations. Check out our top 5 Tips for Staying on Budget during Renovations!

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  1. Stick with standard sizes and models. Custom kitchen cabinets, for example, are very expensive. Save money by choosing stock ones, then attaching molding, corbels, or wood carvings for flair.
  2. Don’t work without a design. Some projects require an architect, some an interior designer, and sometimes a talented builder will get your aesthetic and help you come up with a good plan. Don’t start a remodel without a detailed floor plan. A lot of elements interact in a space — put them all on paper and you’ll catch problems before they are built.
  3. Rent or borrow what you don’t have. Check with neighbors and friends for miter saws and power drills. Home centers rent heavy-duty tools, such as tile cutters and power washers, for a weekend fee
  4. Keep the same footprint. Consider what projects you can complete without moving walls or other systems behind the walls. Building an addition, moving walls, or relocating sinks and stoves involves major construction as well as new electrical, plumbing and flooring work.
  5. Budget for the Unknown. While it’s great to keep a positive attitude and think that everything will go as planned, life usually doesn’t work out that way. When coming up with your kitchen reno budget, add on at least 15% for contingencies.

Big Fat Deal: This is what $15 million will buy you in Vancouver | BCBusiness

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Each week, BCBusiness takes you inside one of the most outrageously upmarket real estate offerings in the province in their Big Fat Deal real estate blog.

Price: $14,988,000
Address: 1268 Tecumseh Avenue, Vancouver
MLS: V1100762
Listing agents: Erin Mulhern and Manyee Lui at Macdonald Realty Ltd. in Vancouver

Custom built in 1984 with a Georgian design, this 7,000-sq.-ft. residence’s stately grandeur matches its location just off Vancouver’s exclusive Crescent enclave in the city’s First Shaughnessy district. For history buffs, the Crescent has always been synonymous with wealth and power, being the preferred address of lieutenant governors and the city’s elite over the past century.

Fast forward to present day and the area still holds cache with numerous august homes and estate-sized lots. This gated residence is described by listing agents Erin Mulhern and Manyee Lui as “simply exquisite” with a beautifully appointed interior that starts with a dramatic foyer accented by 18-foot ceilings and a sweeping double staircase leading to a galleried landing that sets the tone for the rest of the home.

The kitchen counts professional-line appliances while an expansive great room with vaulted and coffered ceilings provides an outlook that spans the entire south-facing garden. A butler’s pantry serves as a connection between the kitchen and the dining room, where mirrored ceiling panels and a chandelier add a touch of glamour.

The formal 23-foot living room can easily accommodate a baby grand piano, while hardwood floors flow through to the adjoining study where wainscoted walls imbued with a deep red gloss add a further notch on the imperial chart.

The upper level is home to four bedrooms including a private master wing endowed with the required walk-in closet and a spa-like ensuite bathroom complete with a rain head shower and bench seating, plus a stainless-steel freestanding bathtub. A one-bedroom suite above the three-car garage provides additional accommodation.

Pull up a chair in the recreation room downstairs where a well-stocked bar and separate wine cellar will keep the libation flowing, or decamp into the media room for movie watching.

Multiple french doors lead out into a garden oasis with large terraces that are perfect for summer entertaining, and a swimming pool and a tennis court for friendly—or more serious—competition.

This article was originally posted on BCBusiness, April 24th, 2015.  Written by Nicola Way.

Nicola Way runs the property listing sites BestHomesBC.com and AssignmentsCanada.ca.

Macdonald Realty Recognized for Outstanding Referral Services

Macdonald Realty was Recognized for Outstanding Referral Services

Macdonald Realty received the prestigious Global Alliance Award for the Most Outgoing Cross Border referrals from Leading Real Estate Companies of the World® (LeadingRE), a global network of more than 500 top independent real estate firms. The award was presented at the network’s Annual Awards Gala this spring during LeadingRE Conference Week in Las Vegas.  This was Macdonald Realty’s third consecutive year winning this award, showcasing our position as a local BC company with strong international connections.

Also, in the Marketing category Macdonald Realty received honorable mentions for their 2014 Corporate Brochure of Integrated Real Estate Services and their 2014 Recruitment Video in the Interactive Media / Video category.

“An innovative and creative approach to marketing is critical for success in today’s real estate market. Our award-winning firms have distinguished themselves by conveying their firms’ unique character, while providing essential information to home buyers and sellers.”

Macdonald Realty is the sole Vancouver representative of LeadingRE (www.LeadingRE.com), the largest network of premier locally-branded firms in more than 50 countries. LeadingRE provides its affiliates with an extensive range of brokerage services, which include lead generation, cross-market referrals, branding support, luxury marketing, online exposure, technology systems, and industry-leading professional development.

For more information on placing a referral with our award winning referral team, please email relocation@macrealty.com or call 1-877-278-3888.

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$94K micro condo in Surrey attracts hordes of home buyers | Platinum Project Marketing

Macdonald Realty Estate Group’s project marketing team, Platinum Project Marketing had a busy Saturday, launching sales on Evolve, a new condo development in Surrey, which Developer WestStone Properties said sold 300 condos worth about $70 million in a frenzied 90 minute rush.

Read on for the full story as reported by The Huffington Post.

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Photo from The Huffington Post

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Surrey Condo Sales: Hundreds Line Up For Chance To Buy $94,000 Micro-Units

The opportunity to buy a brand-new condo for under $100,000 in Metro Vancouver’s sizzling real estate market brought hundreds of people to a Surrey sales centre on Saturday.

Prospective buyers stood in line for hours to buy into the 35-storey Evolve concrete tower. A big draw were the micro suites, starting at 316 sq. ft. and $93,900.

Twin brothers and WHL players, Connor and Curtis Honey, drove up from Edmonton to be the first people in line at 4 a.m. for the opening day of sales. They snapped up one of the 80 micro condos.

“It is pretty small, but I think there’s ways to work around it and maximize the space,” Curtis Honey told CTV News.

Developer WestStone Properties said 300 condos worth about $70 million were sold in a frenzied 90 minutes Saturday.

The majority of Evolve’s 406 units are priced at less than $250,000.

The condo project’s marketers, Platinum Project Marketing, also credited the high-tech sales presentation, including holograms and augmented reality, for drumming up interest. (Watch video above.)

Evolve is scheduled to be finished in 2018. It’s one of several new towers in Surrey’s developing West Village.

With about 1,000 people moving to Surrey every month, the city is forecast to become B.C.’s biggest by 2041.

Macdonald Realty Luxury Homes Magazine | Spring 2015

The latest edition of Macdonald Realty Luxury Homes is now available! This publication showcases unique and luxurious homes listed with Macdonald Realty from across the province.

Highlights of this issue include an exceptional trophy home in Vancouver and new articles such as the British Columbia Wine Feature and Trends: What We Fancy. We also feature homes from Whistler, West Vancouver, Vancouver, Richmond, Bowen Island, White Rock, Mission, North Saanich, Salt Spring Island, and Mayne Island.

Simply click the cover image below to see the digital version and to download the full PDF!

MacdonaldRealtyLuxuryMagazine_Spring2015_COVERFINAL

5 Spring Cleaning Hacks

Spring is here and that means it’s time to start your spring cleaning. But it doesn’t have to be the bane of your existence this year! Here are a few hacks that will help you get through that cleaning faster with these spring cleaning hacks.

1. Use lemons to remove hard water stains

lemon
Find instructions on Broccoli Cupcake

2. Coarse salt can help you clean cast iron.

pan
Find instructions on Martha Stewart

3. Get rid of water rings on tables by using a hair dryer

3
Find instructions on Homemade Mamas

4. Remove soap buildup from glass shower doors by using a fabric-softener sheet

shower
Find instructions on Real Simple

5. Slide an old pillow case over a ceiling fan blade to catch dust and dirt

fan
Find instructions on Real Simple

Vancouver firm offers a one-stop real estate shop for Chinese investors in B.C. | The Vancouver Sun


dan_scarrow
When Vancouver-based Macdonald Realty dispatched Dan Scarrow, the agency’s vice-president of corporate strategy, to China last March to investigate the feasibility of launching a branch office in Shanghai, the assignment was initially only going to be for four months.

A year later, Scarrow, a second-generation Chinese Canadian who is fluent in Mandarin, is still there. The Vancouver Sun reached Scarrow in Shanghai by phone last week to discuss his progress, objectives and challenges in building a bridge for residential and commercial real estate investment between China and British Columbia as the new managing director of Macdonald Realty’s Canadian Real Estate Investment Centre in Shanghai.

Q When you first were dispatched to Shanghai at this time last year, it was for a four-month assignment to investigate opening up a Macdonald Realty branch in China. Why are you still there?

A We actually have ended up opening up an office here. We have a representative office over here in Shanghai now doing project marketing and commercial and residential prospecting for our Vancouver and British Columbia offices. We’ve branded it as the Canadian Real Estate Investment Centre, so it’s offering a one-stop shop for Chinese investors looking toward anything to do with Canadian real estate, specifically B.C.

Q Why did Macdonald Realty want a presence in China?

A It was sort of two-fold. The first one is that Chinese investors are becoming a bigger and bigger part of our market — both on the residential side and the commercial side. And after our investigation over here we found that there are no other Canadian [real estate] companies over here in China that actively do this, so we would be the first one.

Q What’s been the biggest adjustment living in China for you personally?

A Shanghai is a pretty easy city for an expat to get used to. I think that the rest of China would be a much more difficult adjustment, but Shanghai itself is a pretty cosmopolitan city with a pretty global outlook and a pretty robust expat community. So it’s not as difficult. The challenge, I guess, that everyone talks about is the pollution aspect. They talk about it here the same way Vancouverites talk about the rain.

Q What’s your mandate in terms of building links between commercial real estate in B.C. and the Chinese market?

A Our main mandate is to promote B.C. commercial properties over here in China. I think we all acknowledge that China has been growing. It has created the fastest-growing wealthy and middle class in human history, so tapping into that market I think is going to be increasingly important for Canada and Canadian companies over the next decades.

Q What’s the most common question you hear from Chinese clients interested in investing in British Columbia’s commercial real estate?

A The most common question actually isn’t about real estate. It’s with what is happening in immigration. The biggest question is what is Canada’s current immigration policy and what will it be moving forward, just because there have been so many changes to Canada’s immigration policy in the last few years, and I think everyone is a little bit confused as to what it will be moving forward.

Q Any unwelcome surprises or challenges doing real estate business in China?

A Not really. It’s been interesting in the last year because there were the big changes to the immigration program — the investor immigrant program in the middle of last year and continuing until today. And also with the collapse of oil prices and the subsequent drop in the Canadian dollar. That’s been another thing we’ve had to deal with, but more in a positive sense from our investors’ point of view because now Canada’s real estate market is seen as even cheaper than it was prior to that change.

Q In a blog post last year you wrote that wealthy clients in China are more interested in placing their children and a portion of their wealth outside of China than they are in immigrating themselves. Why do you think that’s the case, if it still is the case?

A It still is the case. If you’re a wealthy Chinese individual it’s likely because you have a large business still in China. China does not recognize dual citizenship and it’s just more difficult for you to actively operate your business without Chinese citizenship. So a lot of people, they’re not willing to give up their business so they’re not willing to give up their Chinese passport either.

Q Which areas of Vancouver’s commercial real estate market are your Chinese clients eager to get involved in?

A For a lot of our clients it’s hotels. But it’s an education process as well, letting them know which asset classes are involved or available in B.C. Hotel investment is more of an active business, so while we have a lot of hotel operator clients who are interested in buying hotels, if they don’t have that kind of experience we like to talk to them about some of the other opportunities that might be available. Some of the hotter ones would be street-front retail with redevelopment potential. That goes very quickly for us. We probably have 15 very serious-type buyers that would snap up products like that immediately, but we can’t find enough product for them. It’s a lot of investment-type product that has income right now but has development potential in five to 10 years.

Q What’s the next step for your operations in China?

A Right now we’re working with a couple of developers to promote their projects over here [in China] and so we’re doing project marketing and then also working with our residential agents to make sure the listings that we have are exposed to the widest possible audience. And finally — obviously — exposure of the commercial real estate realm. I think that’s really the big push right now. A lot of investors have already bought a home for themselves in Vancouver and they’re looking for ways to diversify their investment portfolio in Canada, and really the promotion of the commercial real estate, and the education of those buyers, is our next step.

 

This article was originally posted on The Vancouver Sun, February 24th, 2015.  Written by Evan Duggan.

Macdonald Realty 2014 Sales Awards

Congratulations to all our 2014 Sales Awards winners! Click on the picture below to see the PDF.

Company-Wide_2014_Awards_Winners_(Feb2015)_smaller

Connect with one of our award winning REALTORS® at Macrealty.com

COMMERCIAL
Brian Barber
Cynthia Dong
Mark Hagedorn
Bruce Long
Chris Midmore
Don O’Brien
Eric K. Poon
Dan Schulz
Bob Scragg
Brian Tattrie

COQUITLAM
Colin Colpitts
Wayne Tullis
Ashley Tullis

LANGLEY
Lindy Leclair
Andy Schildhorn
Leigh Turnbull

MAPLE RIDGE
Jennifer DiPietra
Al Jenkins
Brenda Jenkins

NORTH VANCOUVER
Cam Armstrong
Randy Eckert
Peter Ohrnberger
Michelle Rogers
David Thon & Andrea Thon

QUALICUM BEACH
Amy Hadikin

SALT SPRING ISLAND
Henri Procter
Kelly Regen
Sandra Smith

SQUAMISH
Gena Belanger
Shelley Dolby
Jack Fowler
Tom Malpass
Julie Quinlan
Shawn Wentworth

SURREY
Greg Holmes & Liz Holmes
Chris Whitehead, Steve Karrasch, & Chandani Pooni
Kevin Lunder & Trish Lunder
David Bradley
Vijay Virk
Shawn Sawatzky

VANCOUVER EAST
Carol Palfrey
Deborah Stellingwerff
Sean Stevens

VANCOUVER WEST
Monique Badun, Kim Craig, Penny Graham & Bev Weaver
Allyson Brooke, Brenda Harrison, Deborah Phillips & Marj Allen
Frankie Chu & Sherman Ma
Murphy Costello & Jodi Norrison
Manyee Lui, Josephine Kwok, Christine Yeung & Anny Diao
Heather Notman, Lynn Johnson, Vita Kalns & Bruce Warner
Clair Rockel, Dayna Wosk & Marnie Quarry
Keith Roy, Greg Dent & Taryn Lees
Will McKitka & Kevin Hardy
Susana Chan
Lisa Chandler
Amal Chebaya
Ken Chong
Simon Clayton
Stephen Cronk
Lorne Goldman
John Lam
Elke Lee
Alice Lo
Erin Mulhern
Helen Nie
Karley Rice
Gordon V Sing
Nancy Wang
Gary Wong
Kevin Yu

VICTORIA
Leslee Farrell & Sean Farrell
Jason Binab, Niels Madsen & Andy Rogers
Chace Whitson
Rebecca Miller
Connie Brown
Stephen Foster
Peter Nash

WEST VANCOUVER
Paul Browne
Simon Coutts
Monique Davidson
Franco Diligenti
Nancy Donen
Dee Elliott
Jennie Frizzo
Kathryn Lester
Barry Thomas
Rosalinda Voth
Greg Wong

WHISTLER
Shauna O’Callaghan

SALES ACHIEVEMENT AWARD WINNERS 2014

COMMERCIAL
Nick Goulet
Razi Mohamed
Matt Nugent
David Price
John Sullivan
Stuart Wright

COQUITLAM
Bobbi Crandall
Richard Getty
Virginia Kung
Steven Oh

LANGLEY
Brad Richert

MAPLE RIDGE
Brenda Exner
Travis Franklin
Scott Meadus
Dave Telep
Lisa Telep

NORTH VANCOUVER
Lisa Gordon
Michael Sawyer
Majid Talebi

OSOYOOS
Diane Biernaskie & Jennifer Brock
Janice Tucker

QUALICUM BEACH/PARKSVILLE
Donald Ballard

SALT SPRING ISLAND
Richard Alexander

SQUAMISH
Christine Barton
Mike Carney
Petra Hauke
Andrew Laurie

SURREY
Kewal Athwal
May Chen
Norm Flemig
Darin Germyn
Mike Gleitman
Iqbal Grewal
Lydia Hachey
Tara Morrow-Hansen & Wes Hansen
Chris Harris
Jeremy Kalenuik
Sharon Lenning
MaryLou Leslie & Ken Leslie
Francis Mai
Barry Porter
Rene Quiaoit, Gloria Quiaoit & Rene-Anthony Quiaoit
Kylene Shannon
Dennis Wiemken
Sharon Williams
Daniel Wu & Jennifer Wu
David Yipp
Darryl Young

VANCOUVER DOWNTOWN
Sara Fakhari
Bud Lockhart & Peter Javier
Juliana Jiao
Carmen Leal
Matthew Lee
Dale Mounzer
Shelly Smee

VANCOUVER EAST
Connie Buna
Melanie Chow
Lyn Hart

VANCOUVER WEST
Anne Andrew
Derrick Cheung
Philip Cheung
Joseph Chiang
Leslie Connolly
Kerby Cowan
Jane Donnelly
Jason Feinstadt
J. Neil Hamilton
Lyn Harlton
Lydia Hsu
Linda Jinks
Heather Jones
Bonny Klassen
Serina Kwok
Garth Lam
Annabel Lee
William Lew
Whitney Lewis
Jason Low
Judith Meisen
Danny Nikas
Allan Palmer
Kris Richardson
Jennifer Ricci & Lori Rowe
Ainslie Sadler
Evelyn Siy
Carissa Siy
Cheryl Steer
Karin Tham
Steven Tse
Gordon Urquhart

VICTORIA
Sheila Aujla
John Boyle & Linda Geddes
Dane Kingsbury
David Langlois
Greg Rowland
Eleanor V. Smith
Kevin Wensley

WEST VANCOUVER
Lucie Ingoldby
Nancy Lloyd
Alex Mozaffarian
Dan Muzzin
Therese Reinsch
Michelle Taylor
Julie Urquhart

WHISTLER
Carolyn Hill

5 ways to say ”I Love You” in Whistler this winter

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It’s that time of year again when it’s on all of our minds. I’ve rounded up a few of my favorite ways to experience life and love in Whistler…. Happy Valentines Day from Macdonald Realty!  Enjoy Romantic Whistler.

Catch a Sleigh Ride
Glide through the snow drawn by gentle, giant Percheron horses. Sip hot chocolate or add a gourmet fondue dinner for a winter night to remember.
Click Here to book your perfect romantic evening out.

Unique Alpine Dining at the Fairmont Whistler
A crackling log fire, warm hospitality and hearty alpine cuisine set the stage for a unique dining experience in Whistler at The Chalet at The Fairmont Chateau Whistler hotel. Click Here for reservations.

Ice Skating Under the Stars
It doesn’t get much more romantic than gliding under the stars in the Whistler Olympic Plaza. The open-air ice skating rink is free to use, and ice skate rentals are available for only five dollars!

Stargaze From the Top of the Mountain
If you’re looking for an adventure – albeit, a romantic adventure – you’ll want to check out the night time snowmobile and snowcat rides up to the Crystal Hut on Blackcomb Mountain. Once you’ve reached your destination, you’ll be treated to a candle-lit dinner. Click here for more details.

Scandinave Spa
If you’re ready for some relaxation, you’ll need to check out this gem of a Spa. The Scandinave is best described as an oasis tucked away in the middle of the woods. A perfect gift or moment to share. Indulge in the traditional spa offerings, like a couples’ deep tissue or Swedish massage. You’ll leave feeling like a million bucks. Click here to create a spa package for the one you love.

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Blog post provided by Shauna O’Callaghan, a REALTOR® with Macdonald Realty in Whistler.  Visit her website shaunaocallaghan.com  for more information.  Oct 8, 2015.

5 Top Tech For Your Home

Is your New Years resolution to revamp some of your gadgets? Let 2015 be the year you upgrade the technology for your home! Here are some of our favorite new products to help streamline your daily routine.

USB-wall-plug
(Two Twenty One)
USB Wall Outlets
Replace bulky chargers and plug your USB cable straight into the outlet! They are especially useful by the bed, where many of us stash all kinds of USB-equipped devices, such as phones, tablets, and e-readers. That stuff competes for space on a standard duplex outlet that may already be serving a bedside lamp or a clock. Most hardware stores now carry these outlets. Learn how to install one here.



(Masudas)
Ring Smart House Controller
Simply called “Ring,” this $269 US wearable device from Japanese company, Logbar, allows people to control a host of household appliances, including lamps and televisions. By pressing a stud on the side of Ring with your thumb, you can draw gestures in the air that turn items off or on.
Source: Logbar


h67pro_2_1
(Moneual)
Robot Vacuum and Mop
The Moneual Rydis H67 isn’t just a regular robot vacuum cleaner, it’s also a robot mop too. The $399 product, from California-based Moneual, can be programmed to suck up dust then mop your floor, with full cleaning cycles lasting up to five hours.
Source: Moneual



(USA Today)
Child-Proof Outlets
Thousands of children end up in hospital every year after sticking their fingers (and other items) into electrical sockets. San Diego-based Brio believes it has an answer with the Safe, a $49 US wall socket that uses sensors to differentiate between plugs and other objects. The socket only lets power flow if an electrical plug is detected. Anything else stuck into the hole won’t receive a charge, preventing someone from being shocked.
Source: Brio


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(PetNet)
Smart Feeder for Pets
This new feeder from PetNet features remote feeding so you can control your pet’s feeding from your laptop, smartphone, or tablet. Adjust feeding schedule in real-time, from anywhere or set up automated schedules to manage feeding times, portion sizes, and food dispensing speed. As well receive alerts and notifications on your smartphone about feeding times, meal confirmations and food inventory.
Source: PetNet

BC assessments show strong appreciation in Vancouver single-family home values | The Vancouver Sun with Dan Scarrow

Metro Vancouver homeowners have grown accustomed to healthy increases on their annual BC Assessment notices, which are now landing in mailboxes.

What’s new this year is that condo values are also rising in the region, after a few flat years that saw condo construction outpace homebuyer demand.

“Condominiums, that’s apartments and townhouses, up until 2014 had been relatively flat over three years,” said Cameron Muir, chief economist of the B.C. Real Estate Association.

Over 2014, however, Muir said condo sale prices have risen in step with inflation. Condo prices in Vancouver and its nearer suburbs were up about two per cent as of July, when B.C. Assessment sets its values for the next year’s assessment roll.

Single-family home values were up a more substantial 6.5 per cent, Muir said, but some of the condo valuations were a departure from the previous year.

“We’re probably looking, in Vancouver, at sales (increases) of 16 to 17 per cent in 2014,” Muir said, “so, there’s much stronger demand, and we’re also seeing inventory levels steadily decline.”

B.C. Assessment doesn’t produce average assessment values for property types in Lower Mainland markets but does highlight representative examples.

In Vancouver, a typical east-side two-bedroom apartment increased 4.7 per cent to $381,000, from $364,000 a year earlier.

On Vancouver’s west side, values for a typical two-bedroom apartment rose 7.5 per cent (to $616,000), in line with the growth in value of a detached home on a 33-foot lot (up 7.5 per cent to $1.575 million).

In its real estate assessments a year ago, B.C. Assessment had highlighted decreasing condominium values in the range of four to five per cent — the second consecutive year that condo prices declined or offered minimal increases.

“Changes within a plus or minus five per cent range, that’s what we categorize as stable,” said Dharmesh Sisodraker, B.C. Assessment’s deputy assessor for the Vancouver Sea to Sky region, which takes in Vancouver and the North Shore all the way to Whistler.

Assessments, which are used by municipalities to set property taxes, tend to lag the overall market by the time they are released.

In east Vancouver, a typical detached house on a 33-foot lot saw an increase of 11.3 per cent, to $993,000.

In Vancouver Heights, typical detached home prices rose five per cent to $955,000.

“(Condominium) prices are still under pressure versus detached homes, mostly because there is so much (condominium) product on the market,” explained Ray Harris, president of the Real Estate Board of Greater Vancouver, and the increases in condo prices are “sporadic.”

In Metro Vancouver, demand for new condos has been in high-growth areas linked to rapid transit, such as the Marine Gateway development at Cambie and Marine in Vancouver or the Metrotown and Brentwood town centres in Burnaby.

“If a complex is in demand and there are not a lot of units in the market, you can get more of a lift,” Harris said.

Suburbs such as Burnaby, Coquitlam and Port Moody — communities either on SkyTrain, or where SkyTrain is being built — are among those that have seen modest increases in the range of two to three per cent.

However, the gains weren’t shared equally and some spots still showed decreasing assessment values. B.C. Assessment cited an example at Simon Fraser University’s UniverCity development, where the assessed value of a two-bedroom highrise unit declined 2.5 per cent from 2014.

“There are a few pockets where values decreased slightly,” said Zina Weston, a deputy assessor for B.C. Assessment in its North Fraser region, which takes in the eastern suburbs closest to Vancouver.

“If there is a lot of building that comes on in a short period of time in a finite area, there might be some (downward) pressure on pricing,” Weston said.

Harris added that condo owners trying to re-sell are having a tougher time because developers are selling new units at lower prices than they would be if the market were stronger.

Condo values also declined in Fraser Valley suburbs from Langley to Chilliwack, where single-family home prices are in the reach of more buyers.

Dan Scarrow, a vice-president at Macdonald Realty in Vancouver, added that some municipalities are more encouraging to condo developers and “as a result of that, maybe some areas tend to get overbuilt.”

“Then, in some municipalities, say Vancouver, it is more difficult to get a project off the ground, but demand is actually quite high,” Scarrow added.

Markets that rely on recreational property sales — such as Whistler, the Okanagan and Kootenays, where sales collapsed and values declined following the 2008 recession — also took part in some of the rebound in 2015 assessments.

B.C. Assessment cited examples in Kelowna where assessments were up from four to seven per cent. In Whistler, a typical home in the White Gold area increased in value 7.4 per cent, to $1.06 million.

 

Homeowners can look up their assessments on the B.C. Assessment website.

This article was originally posted on The Vancouver Sun, January 3, 2015.  Written by Derrik Penner.

2014 charitable donation to BC Heart and Stroke Foundation | Macdonald Real Estate Group

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Dear Friends, Clients, and Colleagues,

In lieu of cards or gifts this Christmas, Macdonald Real Estate Group (MREG) will be making a financial contribution to the British Columbia Heart and Stroke Foundation.

Many families across Canada are impacted by heart disease, and in the last few years MREG has been affected in several distinct ways. Firstly, two of our long-time managers had major heart surgery; thankfully, both are now recovered and living active lives.

Secondly, on two separate occasions, agents in the Macdonald Realty Victoria office were able to administer life-saving CPR to clients who suffered massive heart attacks. We are thrilled that as a company we were, in the words of the Heart and Stroke Foundation, able to help ‘create more survivors’.

Our contribution will specifically go to support research and education in British Columbia.

If you would like more information about the work of the BC Heart and Stroke Foundation, you can visit their website heartandstroke.com.

Merry Christmas/Season’s Greetings,

Jonathan Cooper
Vice President, Operations
Macdonald Real Estate Group Inc.

24 more Macdonald Realty agents become Certified Negotiation Experts

After another successful Certified Negotiation Expert course (CNE®) 24 more of our agents have graduated. Congratulations to all who completed the course on November 18, 2014!

Click below to see their information and see how they can assist you today!

CNE-Yearbook-Nov18_2014

Aki Li Foster (West Vancouver)
Amandah Tanner (West Vancouver)
Andrea Thon (North Vancouver)
Barbara Ohl (North Vancouver)
Bri Ragona (Vancouver West)
Dane Human (West Vancouver)
David Thon (North Vancouver)
Doug Reid (North Vancouver)
Geoff Taylor (West Vancouver)
Gita Tehranchi (West Vancouver)
Glenn Tomlinson (North Vancouver)
Jack Fowler (Squamish)
Jennie Frizzo (West Vancouver)
Julie Urquhart (West Vancouver)
Kathryn Lester (West Vancouver)
Lucie Ingoldby (West Vancouver)
Marcela Giuffre (West Vancouver)
Maria Chaplinskaya (West Vancouver)
Nancy Donen (West Vancouver)
Pauline Rilcof (Vancouver East)
Ron Friesen (North Vancouver)
Rosalinda Voth (West Vancouver)
Steve Berry (West Vancouver)
Susan J. Weeks (West Vancouver)

48 more Macdonald Realty agents become Certified Negotiation Experts

After another successful Certified Negotiation Expert course (CNE®) 48 more of our agents have graduated. Congratulations to all who completed the course on November 13, 2014!

Click below to see their information and see how they can assist you today!

CNE-Yearbook-Vancouver-Nov_12-13_2014

Al Jenkins (Maple Ridge)
Andy Schildhorn (Langley)
Bob Rempel (Surrey)
Brad Richert (Langley)
Brenda Exner (Maple Ridge)
Brenda Jenkins (Maple Ridge)
Brett Hammill (Surrey)
Chandani Pooni (Surrey)
Chris Harris (Surrey)
Chris Whitehead (Surrey)
Danielle Howcroft (White Rock)
Daryl Cowden (Surrey)
Denis Sleightholme (Coquitlam)
Donna Harper (Langley)
Ei-Leen Ong (Langley)
Elliot Mandelcorn (Coquitlam)
Erik Hopkins (White Rock)
Greg Holmes (Surrey)
Irena Put (Langley)
Jasmine Niemi (Surrey)
Jeet Sidhu (Surrey)
Jeevan Kang (Surrey)
Julia Petrova (Langley)
Katu Sola (Langley)
Ken Leslie (Surrey)
Kevin Lunder (Surrey)
Kylene Shannon (Surrey)
Leigh Turnbull (Langley)
Linda Sue Peaker (Surrey)
Lydia Hachey (Surrey)
Marylou Leslie (Surrey)
Michael Gleitman (Surrey)
Nick Chabros (Coquitlam)
Norm Flemig (White Rock)
Paul Omonua (Surrey)
Peter Vanderlee (Maple Ridge)
Ron Mitchell (Maple Ridge)
Roy Pereira (Langley)
Scott Olson (Surrey)
Sharon Lenning (Surrey)
Shawn Sawatzky (Surrey)
Steven Karrasch (Surrey)
Tara Morrow (Surrey)
Tore Jacobsen (Surrey)
Trish Lunder (Surrey)
Val Berg (Surrey)
Virginia Kung (Coquitlam)
Wes Hansen (Surrey)

57 more Macdonald Realty agents become Certified Negotiation Experts

The second Lower Mainland  Certified Negotiation Expert course (CNE®) and 57 more of our agents have graduated. Congratulations to all who completed the course on November 7, 2014!

 

CNE-Yearbook-Vancouver-Nov7_2014

Click below to see their information and see how they can assist you today!

Dimitri Schwartzman (Coquitlam)
Robb Breckwoldt (Coquitlam)
Veronica Ren (Coquitlam)
Albert Petrov (Langley)
Daniel Williams (Langley)
Marina Williams (Langley)
Wes Jamison (Langley)
Dan Wagner (Maple Ridge)
Jason Dryburgh (Maple Ridge)
Jewel Yourchek (Maple Ridge)
Andrea Doby (North Vancouver)
Elaine Noble (North Vancouver)
Gwen Parkstrom (North Vancouver)
Hyun Chong Oh (North Vancouver)
Lisa Gordon (North Vancouver)
Peter Ohrnberger (North Vancouver)
Brian Loverin (Squamish)
Petra Hauke (Squamish)
Spencer Hinde (Squamish)
Tom Malpass (Squamish)
Shelly Smee (Vancouver Downtown)
Connie Buna (Vancouver East)
Paul Vigano (Vancouver East)
Peter Vanderkooy (Vancouver East)
Shauna Gold (Vancouver East)
Ainslie Sadler (Vancouver West)
Aisling Delahunt (Vancouver West)
Alistair Heath (Vancouver West)
Allison Macdonald (Vancouver West)
Angela Lee (Vancouver West)
Anne Marie Chan (Vancouver West)
Bonny Klassen (Vancouver West)
Cathryn Lawrence (Vancouver West)
Cecile Yuen (Vancouver West)
Debbie Erhardt (Vancouver West)
Gary Wong (Vancouver West)
Jennifer Ricci (Vancouver West)
Jodi Norrison (Vancouver West)
Josephine Hui (Vancouver West)
Karen Boykiw (Vancouver West)
Kevin Yu (Vancouver West)
Lawrence Leong (Vancouver West)
Leslie Connolly (Vancouver West)
Lori Rowe (Vancouver West)
Nerissa Choy (Vancouver West)
Sherman Ma (Vancouver West)
Simon Clayton (Vancouver West)
Steven Toth (Vancouver West)
William Lew (Vancouver West)
Dee Elliott (West Vancouver)
Diana Yu (West Vancouver)
Greg Wong (West Vancouver)
Sam Garman (West Vancouver)
Therese Reinsch (West Vancouver)
Will Gibson (West Vancouver)
Carolyn Hill (Whistler)
Shauna O’Callaghan (Whistler)

Macdonald Realty Luxury Homes Magazine | Fall 2014

The latest edition of Macdonald Realty Luxury Homes is now available! This publication showcases unique and luxurious homes listed with Macdonald Realty from across the province.

Highlights of this issue include the ultimate Chilco experience at the Huston Family Estate, deluxe urban living in prestigious Point Grey, Vancouver, and a tranquil Private Island with a separate guest house . We also feature homes from Whistler, West Vancouver, Vancouver, Richmond, Bowen Island, White Rock, Mission, North Saanich, Salt Spring Island, and Mayne Island.

Simply click the cover image below!

Fall_Cover

38 more Macdonald Realty agents become Certified Negotiation Experts in Vancouver

After another successful Certified Negotiation Expert course (CNE®) 38 more of our agents have graduated. Congratulations to all who completed the course on October 31, 2014!

Click below to see their information and see how they can assist you today!

CNE-Yearbook-Vancouver-October31

Parva Aflatoon (North Vancouver)
Maureen Bellinger (Vancouver West)
David Brock (West Vancouver)
Paul Browne (West Vancouver)
Barbara Budzynski (North Vancouver)
David Caron (Vancouver West)
Celene Cheang (Vancouver West)
Eve Chuang (Vancouver West)
Pat Conway (West Vancouver)
Kerby Cowan (Vancouver West)
Steven Cronk (Vancouver West)
Bill Dick (Vancouver Offices)
Jason Feinstadt (Vancouver West)
Theirry Gudel (Vancouver West)
Emma Hamel (Vancouver West)
J. Neil Hamilton (Vancouver West)
Lyn Harlton (Vancouver West)
Lyn Hart (Vancouver East)
Dina Hingston (West Vancouver)
Ben Kay (Vancouver Downtown)
Ralph Kennedy (West Vancouver)
Serina Kwok (Vancouver West)
Marek Malinski (Vancouver West)
Kim McAlpine (Vancouver East)
Dan Muzzin (West Vancouver)
Chris Naples (North Vancouver)
Allan Palmer (Vancouver West)
Marnie Quarry (Vancouver West)
Lisa Richardson (North Vancouver)
Carly Sameshima (Vancouver West)
Devon Samson (North Vancouver)
Gordon V Sing (Vancouver West)
Deborah Stellingwerff (Vancouver East)
Donna Strother (Vancouver West)
Steve Taylor (West Vancouver)
Barry Thomas (West Vancouver)
Steven Tse (Vancouver West)
Jennifer West (Vancouver West)

35 Macdonald Realty agents become Certified Negotiation Experts on Vancouver Island

After a successful Certified Negotiation Expert course (CNE®) on Vancouver Island, 35 of our agents have graduated. Congratulations to all who completed the course on October 24, 2014!

Click below to see their information and see how they can assist you today!

CNE-Yearbook-Vancouver-October31

Sheila Aujla (Victoria)
Ara Balabanian (Victoria)
David Beswick (Victoria)
Jason Binab (Victoria)
David Brunning (Parksville)
Cindy Evans (Parksville)
Stephen Foster (Victoria)
Nancy Gray (Victoria)
Erwin Huber (Parksville)
Tracy Keenan-Whyte (Victoria)
Dane Kingsbury (Victoria)
David Langlois (Victoria)
Cathy Levell (Parksville)
Dave Levell (Parksville)
Jane Logan (Victoria)
Paulette Marsollier (Victoria)
Rebecca Miller (Victoria)
Bob Milloy (Victoria)
Lisa Moulatsiotis (Parksville)
Deborah Nicol (Parksville)
Shelley Peever (Victoria)
Deborah Phillips (Vancouver West)
Andy Rogers (Victoria)
Greg Rowland (Victoria)
Helene Roy (Victoria)
Nigel Seale (Victoria)
Sophak Sim (Victoria)
Eleanor Smith (Victoria)
Lynn Van de Kamp (Victoria)
Paul Vandermade (Victoria)
Scott Vannan (Victoria)
Darien Verbrugge (Victoria)
Kevin Wensley (Victoria)
Kevin White (Victoria)
Mark Winter (Vancouver West)