Okanagan Real Estate Market Statistics – August 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in August 2018.

Central Okanagan: Kelowna and Lake Country

There were 190 sales, 1,265 active listings, and a $687,413 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 60.

The condo market featured 116 sales and 554 active listings at the end of the month. The average sale price was $354,728 with 60 average days on market.

Townhome sales were 75, active listings were 359, average sale price was $504,574, and the average days on market were 67.

MarketHotSheet_August_2018_CentralOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $483,666 with an average days on market of 62 days for detached homes. At the end of the month, there were 93 sales and 500 active listings.

There were 14 sales and 78 active listings for condos. The average sale price was $256,089, and the average days on market were 47.

In comparison, townhome featured 32 sales, 138 active listings and a $355,447 average sale price with 68 average days on market.

MarketHotSheet_August_2018_NorthOkanagan

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

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

This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – August 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in August 2018.

Squamish

In August 2018, there were 22 sales of detached homes and 151 active listings in Squamish. The benchmark sale price was $1,000,500 with an average days on market of 80.

The condo market had 16 sales and 46 active listings at the end of the month.  The benchmark sale price was $513,400 with an average days on market of 40.

Townhome sales were 8 sales, active listings were 42. The benchmark sale price was $709,100 and the average days on market were 25.

It’s a seller’s market for condos.

MarketHotSheet_August_2018_Squamish

[Read more…]

Greater Vancouver Real Estate Market Statistics – August 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in August 2018.

Vancouver-West

In the Vancouver Westside, there were 59 sales of detached homes and 821 active listings at the end of the month. The benchmark sale price was $3,278,500, with average days on market of 66. The hottest markets for sales was Kitsilano with 11 sales.

In comparison, the condo market had 276 sales, 1,139 active listings and a benchmark sale price of $825,000 with an average of 30 days on market. The hottest market for sales was Downtown VW, 66. sales.

Townhome sales were 33, active listings were 203. The benchmark sale price was $1,267,800 with an average days on market of 43. Fairview VW with 8 sales was the hottest market of the month.

It’s a buyer’s market for townhouses and houses.

 

MarketHotSheet_August_2018_VancouverWest

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – August 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in August 2018.

North Delta

In the North Delta market, the benchmark sale price was $949,900 for detached homes. At the end of the month, there were 182 active listings and 30 sales.

The condo market had 4 sales and 34 active listings. The benchmark sale price was $432,400.

Townhomes featured 6 sales, 18 active listings and a $598,700 benchmark sale price.

It’s a seller’s market for townhomes in North Delta.

MarketHotSheet_August_2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – August 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in August 2018.

Greater Victoria

In August 2018, there were 246 sales of single family homes and 890 active listings in Greater Victoria. The benchmark sale price was $766,000 with an average days on market of 39. The hottest markets for sales were Saanich East and Langford with 47 and 54 sales respectively. There were also 14 sales and 173 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 195 sales and 378 active listings at the end of the month. The benchmark sale price was $494,200 with an average days on market of 35. The hottest market for sales was Victoria, 79 sales.

Townhome sales were 59, active listings were 215 and the benchmark sale price was $587,200. The average days on market were 37, and the hottest market was Langford with 20 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_August_2018_Victoria

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Okanagan Real Estate Market Statistics – July 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in July 2018.

Central Okanagan: Kelowna and Lake Country

There were 201 sales, 1,230 active listings, and a $782,398 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 44.

The condo market featured 129 sales and 571 active listings at the end of the month. The average sale price was $343,315 with 49 average days on market.

Townhome sales were 61, active listings were 361, average sale price was $518,211, and the average days on market were 60.MarketHotSheet_July2018_CentralOkanagan

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – July 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in July 2018.

Squamish

In July 2018, there were 21 sales of detached homes and 157 active listings in Squamish. The benchmark sale price was $1,038,600 with an average days on market of 51.

The Condo market had 14 sales and 45 active listings at the end of the month.  The benchmark sale price was $536,300 with an average days on market of 28.

Townhome sales were 12 sales, active listings were 40. The benchmark sale price was $874,200 and the average days on market were 31.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_July2018_Squamish

[Read more…]

Greater Vancouver Real Estate Market Statistics – July 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in July 2018.

Vancouver-West

In the Vancouver Westside, there were 57 sales of detached homes and 858 active listings at the end of the month. The benchmark sale price was $3,356,500, with average days on market of 54. The hottest markets for sales were Dunbar, Kitsilano and Southlands with 7 sales each.

In comparison, the condo market had 295 sales, 1,203 active listings and a benchmark sale price of $835,200 with an average of 26 days on market. The hottest market for sales was Downtown VW, 55. sales.

Townhome sales were 39, active listings were 198. The benchmark sale price was $1,288,600 with an average days on market of 29. Kitsilano with 8 sales was the hottest market of the month.

It’s a buyer’s market for houses in Vancouver-West.

MarketHotSheet_July2018_VancouverWest

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – July 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in July 2018.

North Delta

In the North Delta market, the benchmark sale price was $949,200 for detached homes. At the end of the month, there were 208 active listings and 34 sales.

The condo market had 2 sales and 29 active listings. The benchmark sale price was $434,700.

Townhomes featured 6 sales, 18 active listings and a $642,300 benchmark sale price.

It’s a seller’s market for townhomes in North Delta.

MarketHotSheet_July_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – July 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in July 2018.

Greater Victoria

In July 2018, there were 285 sales of single family homes and 926 active listings in the Greater Victoria. The benchmark sale price was $741,000 with an average days on market of 36. The hottest markets for sales were Saanich East and Langford with 60 and 48 sales respectively. There were also 15 sales and 180 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 188 sales, 420 active listings at the end of the month.  The benchmark sale price was $485,200 with an average days on market of 32. The hottest market for sales was Victoria, 70 sales.

Townhome sales were 67, active listings were 192 and the benchmark sale price was $586,100. The average days on market were 42, and the hottest market was Langford with 19 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_July_Victoria

[Read more…]

How to Buy in Vancouver

First, you’ll want to understand the taxes you’re going to pay

It is impossible to think about buying in Vancouver as a foreigner without considering the now- infamous tax on foreign buyers and speculators introduced in 2016 to make housing in the region more affordable and cool down an extremely hot market.

In Vancouver, foreigners pay a 20% tax on top of the purchase price. The tax was introduced because of the perception that Vancouver, the most expensive market in Canada, was becoming a parking ground for global capital.

Now approaching the end of the second year, many say the tax has not had its intended effect. Jerry Wang, of MacDonald Realty, a luxury brokerage in Vancouver, said that although the tax slowed the market at the beginning, foreign buyers are back in the game.

The largest island offers proximity to a 180-mile long For the luxury “Buyers can get a mortgage fairly easily, and relatively speaking, the price point for the Vancouver area is still very reasonable,” Mr. Wang said, compared to other large cities around the world.

He said his clients have just shifted to a slightly lower price bracket to account for the tax, and are still “buying at a discount.” They also still buy at the high end. “This year we have seen so many properties over C$10 million (US$7.7 million) sold in Vancouver,” he said. “Most of them are to Chinese families still wanting to be here.”

Because of the tax, he added, it is “properties in the middle that are suffering,” referring to those in the “affordable luxury” range.

[Read more…]

Big Fat Deal: $11 Million to be a Minimalist in Kerrisdale

BigFatDealKerrisdale

Each week, BCBusiness takes you inside one of the most outrageously upmarket real estate offerings in the province

Address: 6485 Cedarhurst Street, Kerrisdale

Price: $10,998,000

Listing: R2234536

The skinny: Five-bedroom, seven-bathroom, 6,481-square-foot house on a 15,847-square-foot lot in Kerrisdale.

The bling: OK, it’s time to get with the times and leave the frou-frou behind. Yes, we know you love your frills and fancies, your chintz and your shag, but being a person of high net worth brings with it responsibilities. What? This is news to you? Don’t panic, we aren’t coming after your non-declared income or your shady shell companies. There’s no shorting your market up our sleeves, honest. We just think you should be aware that if you really want to look good around town right now, you should try living in a sleek, modern box with sliding windows for walls and (extremely expensive) natural materials that downplay your wealth rather than all that Italian marble and Svarowski crystal you’ve been bedecking your space with for decades. Seriously, dude, minimalism shows you’ve got so much money to burn you don’t have to prove it. You can clad your walls with wood and shower among lumps of raggedy rock, and people will think you have style. Sure, the through draft of indoor/outdoor living and that fabulous skinny pool are only really of value maybe two months of a Vancouver year, but that in itself shows your reserves are bottomless. And anyway, a dozen more patio heaters screwing up the environment isn’t your problem. Right? Rich people responsible? We were only joking.

The hidden extras: Wok room, media room, wine cellar, gym, air conditioning (because you might not want to, you know, open one of those great big wall windows and you deserve to live in a climate-controlled world).

This article was originally posted on BCBusiness on May 17, 2018. Written by Fiona Morrow 

 

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – June 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in June 2018.

Squamish

In June 2018, there were 11 sales of detached homes and 156 active listings in Squamish. The benchmark sale price was $1,039,000 with an average days on market of 49.

The Condo market had 14 sales and 52 active listings at the end of the month.  The benchmark sale price was $530,300 with an average days on market of 57.

Townhome sales were 13 sales, active listings were 39. The benchmark sale price was $899,800 and the average days on market were 23.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_June2018_Squamish

[Read more…]

Greater Vancouver Real Estate Market Statistics – June 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in June 2018.

Vancouver-West

In the Vancouver Westside, there were 81 sales of detached homes and 877 active listings at the end of the month. The benchmark sale price was $3,392,500, with average days on market of 43. The hottest markets for sales were Kitsilano and Cambie with 12 sales each.

In comparison, the condo market had 328 sales, 1,214 active listings and a benchmark sale price of $842,600 with an average of 20 days on market. The hottest market for sales was Downtown VW, 63. sales.

Townhome sales were 47, active listings were 228. The benchmark sale price was $1,303,600 with an average days on market of 21. Fairview VW with 14 sales was the hottest market of the month.

It’s a seller’s market for condos in Vancouver-West.

MarketHotSheet_June2018_VancouverWest

[Read more…]

Okanagan Real Estate Market Statistics – June 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in June  2018.

Central Okanagan: Kelowna and Lake Country

There were 228 sales, 1,195 active listings, and a $717,720 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 42.

The condo market featured 122 sales and 551 active listings at the end of the month. The average sale price was $359,860 with 40 average days on market.

Townhome sales were 72, active listings were 341, average sale price was $501,989, and the average days on market were 51.

MarketHotSheet_June2018_CentralOkanagan

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – June 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in June 2018.

North Delta

In the North Delta market, the benchmark sale price was $957,800 for detached homes. At the end of the month, there were 220 active listings and 32 sales.

The condo market had 6 sales and 21 active listings. The benchmark sale price was $433,200.

Townhomes featured 7 sales, 21 active listings and a $627,700 benchmark sale price.

It’s a seller’s market for condos and townhomes in North Delta.

MarketHotSheet_June2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – June 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in June 2018.

Greater Victoria

In June 2018, there were 292 sales of single family homes and 920 active listings in the Greater Victoria. The benchmark sale price was $745,100 with an average days on market of 29. The hottest markets for sales were Saanich East and Langford with 51 and 60 sales respectively. There were also 12 sales and 169 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 230 sales, 445 active listings at the end of the month.  The benchmark sale price was $486,100 with an average days on market of 28. The hottest market for sales was Victoria, 89 sales.

Townhome sales were 81, active listings were 195 and the benchmark sale price was $594,300. The average days on market were 26, and the hottest market was Langford with 14 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_June2018_Victoria

[Read more…]

Luxury Homes Collection Magazine – Summer 2018

New Summer edition of Macdonald Realty’s Luxury Homes Collection has arrived!

For the six consecutive years the magazine has been featuring a wide variety of luxury properties from all over the province. The collection of luxury homes keeps surprising us with the range of amenities that high-end homes have to offer. Whether it is a well-equipped wine room, yoga studio, karaoke stage or even a slide, there is always something special for an affluent home buyer.

The cover story of this edition is an oceanfront beach home in Victoria Cordova Bay with a 180-degree view and floor to ceiling windows to enjoy the waterfront scenery. The home has an array of amenities to make you feel on a retreat, including spa inspired shower, smart wired indoor and outdoor sound system, media room with wet and of course private sandy beach.

Grab your copy of the magazine, both print and digital versions are available now.

Summer2018coverthumb

click cover image to view magazine

CLICK HERE to view the digital edition on your computer or tablet

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – May 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in May 2018.

Squamish

In May 2018, there were 15 sales of detached homes and 150 active listings in Squamish. The benchmark sale price was $1,042,900 with an average days on market of 35.

The Condo market had 25 sales and 54 active listings at the end of the month.  The benchmark sale price was $516,800 with an average days on market of 21.

Townhome sales were 15 sales, active listings were 30. The benchmark sale price was $935,000 and the average days on market were 15.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_April2018_Squamish

[Read more…]

Greater Vancouver Real Estate Market Statistics – May 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in May 2018.

Vancouver-West

In the Vancouver Westside, there were 91 sales of detached homes and 898 active listings at the end of the month. The benchmark sale price was $3,430,500, with average days on market of 39. The hottest markets for sales were Point Grey and Cambie with 10 sales each and and Dunbar with 12 sales.

In comparison, the condo market had 359 sales, 1,149 active listings and a benchmark sale price of $845,400 with an average of 16 days on market. The hottest market for sales was Downtown VW, 71 sales.

Townhome sales were 42, active listings were 215. The benchmark sale price was $1,304,500 with an average days on market of 26. Fairview VW with 10 sales was the hottest market of the month.

It’s a seller’s market for condos in Vancouver-West.

MarketHotSheet_May2018_VancouverWest

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – May 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in May 2018.

North Delta

In the North Delta market, the benchmark sale price was $958,500 for detached homes. At the end of the month, there were 200 active listings and 38 sales.

The condo market had 8 sales and 24 active listings. The benchmark sale price was $433,400.

Townhomes featured 9 sales, 17 active listings and a $610,000 benchmark sale price.

It’s a seller’s market for condos and townhomes in North Delta.

MarketHotSheet_April2018_NorthDelta

[Read more…]

Okanagan Real Estate Market Statistics – May 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in May  2018.

Central Okanagan: Kelowna and Lake Country

There were 240 sales, 1,069 active listings, and a $723,247 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 46.

The condo market featured 148 sales and 509 active listings at the end of the month. The average sale price was $341,761 with 43 average days on market.

Townhome sales were 73, active listings were 314, average sale price was $511,364, and the average days on market were 41.

MarketHotSheet_April2018_CentralOkanagan

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – May 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in May 2018.

Greater Victoria

In May 2018, there were 333 sales of single family homes and 803 active listings in the Greater Victoria. The benchmark sale price was $738,500 with an average days on market of 26. The hottest markets for sales were Saanich East and Langford with 67 and 52 sales respectively. There were also 21 sales and 60 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 237 sales, 445 active listings at the end of the month.  The benchmark sale price was $485,600 with an average days on market of 24. The hottest market for sales was Victoria, 93 sales.

Townhome sales were 72, active listings were 165 and the benchmark sale price was $592,300. The average days on market were 22, and the hottest market was Langford with 20 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_April2018_Victoria

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MoneySense Names Top 10 Metro Vancouver Neighbourhoods to Buy Real Estate

In April 2018 MoneySense.ca  selected their top Metro Vancouver neighbourhoods to buy real estate Based on value and price momentum.

“The No. 1 spot on this year’s Vancouver neighbourhood ranking is Uptown New Westminster. The average home price in this neighbourhood in 2017 was less than $1-million ($996,903). Part of the reason for the slower appreciation in this neighbourhood is that it’s a mixed-use community, meaning single-family homes share the street with older, low-rise apartment buildings as well as newer condo towers.”

Read the Rest of the article here.

The top 10 Metro Vancouver  neighbourhoods, according to MoneySense are: moneysense2018edited5

  1. Uptown New Westminster
  2. Birchland Manor
  3. Mission
  4. Port Moody Centre
  5. Mary Hill
  6. Walnut Groove
  7. College Park PM
  8. Glenwood
  9. Central Abbotsford
  10. Mission – West

To view all active listings currently for sale in one of these areas simply click the neighbourhood links above or call our head office at 1-877-278-3888 to be matched to an expert real estate agent in your area.

Okanagan Real Estate Market Statistics – April 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in April 2018.

Central Okanagan: Kelowna and Lake Country

There were 225 sales, 919 active listings, and a $726,926 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 50.

The condo market featured 129 sales and 464 active listings at the end of the month. The average sale price was $362,600 with 41 average days on market.

Townhome sales were 76, active listings were 268, average sale price was $492,929, and the average days on market were 58.

MarketHotSheet_April2018_CentralOkanagan

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – April 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in April 2018.

Squamish

In April 2018, there were 24 sales of detached homes and 125 active listings in Squamish. The benchmark sale price was $1,024,900 with an average days on market of 36.

The Condo market had 12 sales and 51 active listings at the end of the month.  The benchmark sale price was $544,400 with an average days on market of 31.

Townhome sales were 16 sales, active listings were 21. The benchmark sale price was $937,800 and the average days on market were 18.

It’s a seller’s market for townhomes.

MarketHotSheet_April2018_Squamish

[Read more…]

Greater Vancouver Real Estate Market Statistics – April 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in April 2018.

Vancouver-West

In the Vancouver Westside, there were 71 sales of detached homes and 874 active listings at the end of the month. The benchmark sale price was $3,404,200, with average days on market of 50. The hottest markets for sales were Point Grey and Dunbar with 10 and 11 sales respectively.

In comparison, the condo market had 351 sales, 928 active listings and a benchmark sale price of $841,700 with an average of 19 days on market. The hottest market for sales was Downtown VW, 72 sales.

Townhome sales were 42, active listings were 169. The benchmark sale price was $1,302,200 with an average days on market of 21. Kitsilano with 12 sales was the hottest market of the month.

It’s a seller’s market for condos and townhomes in Vancouver-West.

MarketHotSheet_April2018_VancouverWest

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – April 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in April 2018.

North Delta

In the North Delta market, the benchmark sale price was $944,800 for detached homes. At the end of the month, there were 160 active listings and 36 sales.

The condo market had 8 sales and 15 active listings. The benchmark sale price was $424,500.

Townhomes featured 10 sales, 12 active listings and a $604,800 benchmark sale price.

It’s a seller’s market for condos and townhomes in North Delta.

MarketHotSheet_April2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – April 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in April 2018.

Greater Victoria

In April 2018, there were 348 sales of single family homes and 654 active listings in the Greater Victoria. The benchmark sale price was $732,600 with an average days on market of 24. The hottest markets for sales were Saanich East and Sooke with 69 and 50 sales respectively. There were also 28 sales and 47 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 225 sales, 377 active listings at the end of the month.  The benchmark sale price was $485,000 with an average days on market of 21. The hottest market for sales was Victoria, 89 sales.

Townhome sales were 74, active listings were 119 and the benchmark sale price was $575,600. The average days on market were 32, and the hottest market was Langford with 22 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_April2018_Victoria

[Read more…]

Greater Vancouver Real Estate Market Statistics – March 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in March 2018.

Vancouver – West

In the Vancouver Westside, there were 54 sales of detached homes and 800 active listings at the end of the month. The benchmark sale price was $3,449,000, with average days on market of 37. The hottest markets for sales were Kitsliano and Dunbar with 11 and 8 sales respectively.

In comparison, the condo market had 352 sales, 719 active listings and a benchmark sale price of $844,700 with an average of 18 days on market. The hottest market for sales was Downtown VW, 72 sales.

Townhome sales were 31, active listings were 142. The benchmark sale price was $3,449,000 with an average days on market of 16. Fairview VW with 6 sales was the hottest market of the month.

It’s a seller’s market for condos in Vancouver-West.

MarketHotSheet_March2018_VancouverWest

[Read more…]

Okanagan Real Estate Market Statistics – March 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in March 2018.

Central Okanagan: Kelowna and Lake Country

There were 183 sales, 801 active listings, and a $734,197 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 53.

The condo market featured 129 sales and 416 active listings at the end of the month. The average sale price was $364,062 with 42 average days on market.

Townhome sales were 63, active listings were 244, average sale price was $499,413, and the average

MarketHotSheet_March2018_CentralOkanagan

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – March 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in March 2018.

Squamish

In March 2018, there were 25 sales of detached homes and 113 active listings in Squamish. The benchmark sale price was $1,006,100 with an average days on market of 47.

The Condo market had 8 sales and 32 active listings at the end of the month.  The benchmark sale price was $491,000 with an average days on market of 19.

Townhome sales were 14, active listings were 18. The benchmark sale price was $851,300, and the average days on market were 16.

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

MarketHotSheet_March2018_Squamish

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – March 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in March 2018.

North Delta

In the North Delta market, the benchmark sale price was $950,200 for detached homes. At the end of the month, there were 119 active listings and 42 sales.

The condo market had 6 sales and 15 active listings. The benchmark sale price was $425,900.

Townhomes featured 3 sales, 16 active listings and a $591,300 benchmark sale price.

It’s a seller’s market for condos and single family homes in North Delta.

MarketHotSheet_March2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – March 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in March 2018.

Greater Victoria

In March 2018, there were 287 sales of single family homes and 549 active listings in the Greater Victoria. The benchmark sale price was $724,000 with an average days on market of 31. The hottest market for sales was Saanich East and Langford with 64 and 53 sales respectively. There were also 10 sales and 36 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 211 sales, 311 active listings at the end of the month.  The benchmark sale price was $479,000 with an average days on market of 21. The hottest market for sales was Victoria, 81 sales.

Townhome sales were 92, active listings were 84 and the benchmark sale price was $567,700. 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_March2018_Victoria

[Read more…]

Luxury Homes Collection Magazine – Spring 2018

CoverOur Luxury Homes Collection Magazine has reached its sixth year of production and continues to showcase fantastic properties from across our regions in British Columbia. We are proud to present this Spring 2018 edition featuring a diverse range of specialized homes, luxury living and custom details, there is something for everyone.

It’s been interesting to observe all the changes in ever-evolving BC real estate industry and how the market was able to adjust to the numerous shifts. These changes will likely continue to happen in 2018 as well with the new government policies, advancement of the industry standards and the economy itself. Only time will tell the impact of the new property tax rate on the real estate luxury market and the industry on the whole.

Read the inside cover message from our CEO Lynn Hsu and her insights on the market trends and how Macdonald Real Estate Group showcased outstanding growth and an incredible number of sales over the years. We are inspired for another great year of new achievements and success for our clients, realtors, staff and management teams.

Our Cover Story is a custom designed modern dream home in Vancouver Point Grey. This contemporary home is a collective effort of designers and landscapers featuring open-space concept, simple yet elegant details and quality of materials. Among the modern amenities are; covered and outdoor patios, infinity pool, entertainment room and gym, private yards and in-home hi-tech systems. Conveniently located in a close proximity to renowned private schools, UBC and golf course.

CLICK HERE to view the digital edition on your computer or tablet

Luxury Brokers in Vancouver Wary as Property Taxes Hiked | Mansion Global

Parliament

Vancouver’s luxury market, already experiencing a downturn since 2016, will likely take another hit with the introduction of higher tax rates for foreign and luxury home buyers, experts say.

The provincial government of British Columbia on Tuesday announced a basket of measures as part of its 2018 budget; among them was a hike, effective immediately, on property transfer taxes for foreign buyers and buyers of $3-million-plus homes (US$2.36 million and above).

Starting Wednesday, tax rates for foreign buyers were raised to 20% from 15%, while all C$3-million-plus home purchasers must now pay 5%, instead of the current 3% property transfer tax.

Not only will these taxes be applied to homes in Metro Vancouver, but they’ll also be levied in the Capital Regional District, the Fraser Valley, the Central Okanagan and the Nanaimo Regional District.

[Read more…]

Greater Vancouver Real Estate Market Statistics – February 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in February 2018.

Vancouver – Westside

In the Vancouver Westside, there were 53 sales of detached homes and 772 active listings at the end of the month. The benchmark sale price was $3,500,600, with an average days on market of 52. The hottest market for sales was Dunbar with 8 sales.

In comparison, the condo market had 331 sales, 665 active listings and a benchmark sale price of $835,800 with an average of 21 days on market. The hottest market for sales was Downtown VW, 84 sales.

Townhome sales were 34, active listings were 129. The benchmark sale price was $1,250,100 with an average days on market of 21. Fairview and Kitsilano with 7 sales each were the hottest markets of the month.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_February2018_Vancouver-West

[Read more…]

Okanagan Real Estate Market Statistics – February 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in February 2018.

Central Okanagan: Kelowna and Lake Country

There were 138 sales, 680 active listings, and a $678,156 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 59.

The condo market featured 111 sales and 305 active listings at the end of the month. The average sale price was $355,047 with 54 average days on market.

Townhome sales were 59, active listings were 178, average sale price was $460,814, and the average days on market were 49.

MarketHotSheet_February2018_Central-Okanagan

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – February 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in February 2018.

Squamish

In February 2018, there were 18 sales of detached homes and 110 active listings in Squamish. The benchmark sale price was $993,600 with an average days on market of 48.

The Condo market had 18 sales and 26 active listings at the end of the month. The benchmark sale price was $488,100 with an average days on market of 20.

Townhome sales were 18, active listings were 21. The benchmark sale price was $848,600, and the average days on market were 32.

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

MarketHotSheet_February2018_Squamish

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – February 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in February 2018.

North Delta

In the North Delta market, the benchmark sale price was $944,800 for detached homes. At the end of the month, there were 95 active listings and 39 sales.

The condo market had 6 sales and 11 active listings. The benchmark sale price was $394,100.

Townhomes featured 7 sales, 9 active listings and a $581,000 benchmark sale price.

It’s a seller’s market in North Delta.

MarketHotSheet_February2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – February 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in February 2018.

Greater Victoria

In February 2018, there were 226 sales of single family homes and 455 active listings in the Greater Victoria. The benchmark sale price was $710,500 with an average days on market of 36. The hottest market for sales was Langford with 46 sales. There were also 3 sales and 98 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 174 sales, 243 active listings at the end of the month.  The benchmark sale price was $463,100 with an average days on market of 24. The hottest market for sales was Victoria, 64 sales.

Townhome sales were 77, active listings were 95 and the benchmark sale price was $557,200. The average days on market were 29, and the hottest market was Langford with 21 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_February2018_Victoria

[Read more…]

Let your situation — and not the signs — direct real estate decisions | Vancouver Sun

With Lunar New Year beginning on Friday, Vancouver realtor Grace Kwok smiles and notes that this year’s zodiac figure — it’s the Year of the Dog — carries with it advice that she would follow year in and year out in the world of real estate: Consider your needs first before consulting the stars.

Under Chinese zodiac lore, if you were born in a Year of the Dog, one of the 12-year cycle of signs, you possess the best traits of human nature. According to the website, www.yourchineseastrology.com, you are honest, friendly, faithful, loyal, smart, straightforward, and you have a strong sense of responsibility.

[Read more…]

Greater Vancouver Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in January 2018.

Vancouver

In the Vancouver Westside, there were 46 sales of detached homes and 672 active listings at the end of the month. The benchmark sale price was $3,548,400, with an average days on market of 68. The hottest markets for sales were Dunbar and Point Grey with 8 sales each.

In comparison, the condo market had 245 sales, 579 active listings and a benchmark sale price of $812,400 with an average of 28 days on market. The hottest market for sales was Downtown VW, 54 sales.

Townhome sales were 18, active listings were 105. The benchmark sale price was $1,247,900 with an average days on market of 26. Yaletown with 6 sales was the hottest market of the month.

It’s a seller’s market for condos.

MarketHotSheet_January2018_Vancouver-West

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in January 2018.

Squamish

In January 2018, there were 6 sales of detached homes and 99 active listings in Squamish. The benchmark sale price was $1,003,000 with an average days on market of 104.

The Condo market had 6 sales and 27 active listings at the end of the month. The benchmark sale price was $490,400 with an average days on market of 28.

Townhome sales were 9, active listings were 18. The benchmark sale price was $786,900, and the average days on market were 34.

It’s a buyer’s market for houses.

MarketHotSheet_January2018_Squamish

[Read more…]

Okanagan Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in January 2018.

Central Okanagan: Kelowna and Lake Country

There were 143 sales, 609 active listings, and a $699,352 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 75.

The condo market featured 110 sales and 284 active listings at the end of the month. The average sale price was $322,183 with 65 average days on market.

Townhome sales were 37, active listings were 157, average sale price was $446,054, and the average days on market were 69.

MarketHotSheet_January2018_CentralOkanagan

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in January 2018.

North Delta

In the North Delta market, the benchmark sale price was $941,000 for detached homes. At the end of the month, there were 101 active listings and 20 sales.

The condo market had 10 sales and 14 active listings. The benchmark sale price was $375,000.

Townhomes featured 4 sales, 10 active listings and a $561,400 benchmark sale price.

It’s a seller’s market in North Delta for Condos and Townhomes.

MarketHotSheet_January2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in January 2018.

Greater Victoria

In January 2018, there were 175 sales of single family homes and 429 active listings in the Greater Victoria. The benchmark sale price was $702,200 with an average days on market of 42. The hottest market for sales was Langford with 32 sales. There were also 12 sales and 90 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 118 sales, 229 active listings at the end of the month.  The benchmark sale price was $450,600 with an average days on market of 23. The hottest market for sales was Victoria, 43 sales.

Townhome sales were 62, active listings were 94 and the benchmark sale price was $567,400. The average days on market were 46, and the hottest market was Langford with 17 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_January2018_GreaterVictoria

[Read more…]

Meet “The Morrison” – the highly anticipated collection of 40 London-inspired West Coast Modern townhomes in North Vancouver

 

 

Morrison

Built by the award-winning Haebler Group, presale of The Morrison starts on November 19, 2017.

The Morrison features one to four bedroom homes adjacent to the newly expanded Moodyville Park and entrance to the Spirit Trail, many with private rooftop decks with stunning views. All homes feature private walk-up entrances and were crafted to embrace the North Shore’s coveted indoor-outdoor lifestyle with generously sized patios, decks and vehicle-free courtyards.

With 5 one-bedroom, 15 two-bedroom, and 20 three or four bedroom homes, every one of The Morrison’s meticulously crafted homes has something unique to offer. Gorgeous kitchens, many with 8 or 9-foot islands boast high-end integrated Bosch appliance’s, expansive quartz countertops and backsplash, wide-plank white oak hardwood floors, as well as sleek cabinetry that can be customized to your personal style with three designer colour schemes.

One Bedrooms starting from $569,000

Two Bedrooms starting from $898,000

Three or Four Bedroom Homes starting from $1,498,000

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The homes at The Morrison are being built by the award-winning Haebler Group to rigorous standards and are registered under the LEED Gold building program with aims to reduce energy consumption while providing superior comfort and quiet for your enjoyment.

Plus, Moodyville, Lower Lonsdale, North Vancouver new masterplanned (recently re-zoned) community just minutes from Lower Lonsdale – 12 minutes to downtown via seabus. Adjacent to $2.5 revitalization of Moodyville Park and entrance to the Spirit Trail. The Spirit Trail when complete will run from Deep Cove to Horseshoe Bay.

SALES START NOVEMBER 19, 2017. VISIT THE MORRISON FOR MORE DETAILS AND REGISTRATION.

 

Chinese real estate investment slowdown likely short-lived | Vancouver Sun

The Chinese government crackdown on capital flight from that country has combined with the 15 per cent foreign buyers’ tax on residential properties to dampen buyer demand in Vancouver’s sizzling real estate market.

But two senior executives at Macdonald Commercial, a real estate brokerage firm that monitors Chinese investment in Canada, say that the Chinese real estate investment slowdown will likely be a short-term trend.

“My sense is that it’s more of a struggle for Chinese investors to send funds from China now, but we are still seeing some significant income and land deals being done in Metro Vancouver,” says Tony Letvinchuk, managing director of Macdonald Commercial.

As an example of China’s abiding interest in our region, China Minsheng Investment Group recently purchased Grouse Mountain ski resort for an estimated $200 million. An unidentified banker said that Minsheng had been searching for a year throughout Canada for investments.

As well, several other significant state-related Chinese companies have set up shop in the city over the past year and are quietly buying up real estate around the province, despite the official policy, says Dan Scarrow, head of the Canadian Real Estate Investment Centre and Macdonald Commercial’s representative office in Shanghai.

Chinese foreign investment outflows — which have fallen from nearly $1 trillion in 2016 to $126 billion so far in 2017 — will continue to play a key role in Vancouver real estate in the long term, he said.

He noted that despite attempts to control capital flight, the Chinese government is simultaneously nudging the country into economic superpower status, a process which necessarily involves diversification of global investment over the long-run.

[Read more…]

300 Macdonald Realty agents gather for annual conference

VANCOUVER, B.C., Canada – (October 2, 2016) – Macdonald Realty hosted 300 of their top real estate agents from around BC at their annual Agent Conference at the Hilton Vancouver Metrotown in Burnaby. The keynote speakers were Lindsey Smith and Kirsten Faverin of CIR Realty in Calgary who presented 6 Ways to Transcend the Transaction and build life-long client relationships. CIR Realty, alongside Macdonald Realty, are members of Leading Real Estate Companies of the World® (LeadingRE), a global network of more than 500 high quality independent real estate firms. Bryan Yu of Central 1 Credit Union provided an economic forecast with special attention paid to the Greater Vancouver, Victoria and Kelowna markets. Our CEO and President, Lynn Hsu opened the morning session with highlights of the future of the brokerage and the upcoming changes and new offering for our real estate advisors in the upcoming year and a memorable speech on the quality of advisors we currently have in our roster.

The day also included break out sessions on commercial real estate trends, how property management changes impact investor clients, an explanation of the proposed changes to dual agency by our managing broker panel, and actionable social media tips for the busy Realtor.

The conference was attended by both residential agents and commercial brokers from Macdonald Realty’s 20 offices across BC including Kelowna, Victoria, Parksville, Squamish and from around the lower mainland.  To join our real estate team and take part future Macdonald Realty learning events, visit www.careersinvancouverrealestate.com

 

About Macdonald Real Estate Group
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of $8.9 billion and over $2 billion in assets under management.  With 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.

MoneySense names top 5 Victoria neighbourhoods to buy real estate

No. 1 wins for scenic views and proximity to downtown.

moneysensevictoriaIn April 2017 MoneySense.ca  selected their top Victoria neighbourhoods to buy real estate.

By the end of last year, the benchmark price had grown almost 24% for a single-family home in the Victoria area. According to Victoria’s Real Estate Board, this spike in sales price is due, in part, to dwindling listings. Listings were down 41%, when compared to 2015, even as the number of sales last year broke new records for this west coast city. As a result, buyers looking for a home in the Greater Victoria Area are beginning to look further afield.  Read the rest of the article here. 

We’ve rounded up homes for sale in each of these Where to Buy neighbourhoods to make it easy for you.

The top 5 Victoria neighbourhoods for buyers, according to MoneySense are:

  1. Sidney South-East, Sidney

  2. Saxe Point, Esquimalt

  3. Sidney North-East, Sidney

  4. Estevan, Oak Bay

  5. Uplands, Oak Bay

To view all active listings currently for sale in one of these areas simply click the neighbourhood links above or call our head office at 1-877-278-3888 to be matched to an expert real estate agent in your area.

Top 15 South Fraser River neighbourhoods to buy real estate from MoneySense’s Where to Buy report

Million-dollar communities have more to offer than just price appreciation.

moneysensefraserIn April MoneySense.ca produced their annual list of Where to Buy South of the Fraser River neighbourhoods.  We’ve rounded up homes for sale in each of these Where to Buy neighbourhoods to make it easy for you to find your next home.

The top 15 South Fraser neighbourhoods for Buyers, according to MoneySense are:

  1. Brookswood, Langley

  2. Walnut Grove, Langley

  3. Aldergrove, Langley

  4. Guildford, Surrey

  5. Fort Langley, Langley

  6. Langley City, Langley

  7. Willoughby Heights, Langley

  8. Cloverdale, Surrey

  9. Fleetwood Tynehead, Surrey

  10. West Newton, Surrey

  11. Murrayville, Langley

  12. North Surrey, Surrey

  13. East Newton, Surrey

  14. South Surrey White Rock, Surrey

To view all active listings currently for sale in one of these areas simply click the neighbourhood links above or call our head office at 1-877-278-3888 to be matched to an expert real estate agent in the area of your choosing.

Read the rest of the MoneySense article here. 

Real Estate Investment Story | Backyard Vineyards

Meet Michelle Yang, co-owner at Backyard Vineyards in Langley B.C.  Michelle shares her story as a new partner in the winery, learning the wine business, and how her REALTOR® was able to guide her through the process.

To meet a professional realtor in your area visit macrealty.com

 

About Backyard Vineyard:

With a name as true as its location, Backyard Vineyards evokes neighbourhood comforts and a welcoming environment. Top this off with their exceptional wines and well-crafted tasting room for a must-see the next time you take a jaunt through Langley. Backyard Vineyard’s effort of using 100% BC grapes allows them to take their name to heart of loving the landscape of the region and province. Focusing on quality helps their winemaker James Cambridge and the owners express the intricacies of the varietals they carry, as well as the ability to experiment to find their award-winning portfolio.

Visiting this vineyard is a treat, from their large inviting tasting room to their outdoor picnic area there is plenty of space to enjoy a taste and tour. With some grapes grown at this vineyard and others sourced from the Fraser Valley and Okanagan, there is something to please all palates.

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Backyard Vineyards – 3033 – 232nd Street, Langley, BC

What are the Top 25 Greater Vancouver neighbourhoods to buy real estate according to MoneySense?

Yes, good value real estate is possible in Vancouver.

moneysensevancouverIn April 2017, in their annual Where to Buy Now coverage MoneySense.ca selected their top Greater Vancouver neighbourhoods to buy real estate to see the best return on investment.

What’s a buyer to do? The best way is to buy based on solid fundamentals. In real estate this means finding good-value neighbourhoods that offer a good chance of continued momentum in the future. That’s not easy in a hot market, but this year’s Where to Buy Vancouver list shows it is possible.   Read the rest of the article here. 

We’ve rounded up homes for sale in each of these Where to Buy neighbourhoods to make it easy for you.

The top 25 Greater Vancouver neighbourhoods for Buyers, according to MoneySense are:

  1. Cedardale, West Vancouver

  2. Port Moody Centre, Port Moody

  3. Lower Lonsdale, North Vancouver

  4. Pemberton NV, North Vancouver

  5. Glenmore, West Vancouver

  6. Glenayre, Port Moody

  7. River Springs, Coquitlam

  8. Cypress Park Estates, West Vancouver

  9. Edmonds BE, Burnaby

  10. Meadow Brook, Coquitlam

  11. Cape Horn, Coquitlam

  12. Hastings, Vancouver East

  13. Horseshoe Bay WV, West Vancouver

  14. Burke Mountain, Coquitlam

  15. Norgate, North Vancouver

  16. Eagle Harbour, West Vancouver

  17. Sapperton, New Westminster

  18. Ambleside, West Vancouver

  19. Mountain Meadows, Port Moody

  20. Steveston Village, Richmond

  21. Queensbury, North Vancouver

  22. Renfrew VE, Vancouver East

  23. Mount Pleasant VE, Vancouver East

  24. Windsor Park NV, North Vancouver

  25. Westwind, Richmond

To view all active listings currently for sale in one of these areas simply click the neighbourhood links above or call our head office at 1-877-278-3888 to be matched to an expert real estate agent in the area of your choosing.

Macdonald Realty nominated for Top Luxury Brokerage Award

VANCOUVER, B.C. – (March 28, 2017) –   Macdonald Realty was 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 Colorado and, the winner, Houlihan Lawrence Real Estate of New York. 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.  The conference took place at Fontainebleau Miami Beach earlier this month.

Macdonald Realty's Luxury Home Marketing Team of Alyssa Mori and Rosey Hudson at the Luxury Portfolio Summit in Miami Beach.

Macdonald Realty’s Luxury Home Marketing Team of Alyssa Mori and Rosey Hudson at the Luxury Portfolio Summit in Miami Beach.

Affiliates of Luxury Portfolio market high-end homes to affluent consumers worldwide through the network’s strategic marketing program, including the award-winning website Luxuryportfolio.com, which marketed over 50,000 luxury homes to over three million high-net-worth visitors last year and featured a total inventory of available properties exceeding $54 billion.

Macdonald Realty is the largest British Columbia representative of LeadingRE (www.LeadingRE.com). With a global membership that spans six continents, LeadingRE connects more than 550 firms and 130,000 sales associates who produce over 1.2 million real estate transactions each year. As a member of LeadingRE, Macdonald Realty provides a quality real estate experience, global marketing reach and access to top real estate professionals in virtually any market worldwide.

Since 1944, Macdonald Realty has been helping British Columbians make some of the biggest decisions of their lifetime during real estate transactions. Beyond their dedicated team of nearly 1,000 residential real estate professionals operating in 20 offices across BC, they are also Western Canada’s largest integrated real estate firm who’s services include residential sales; commercial sales and leasing; project marketing; property and strata management; mortgage services; and luxury home marketing.

For more information about Macdonald Realty, please visit macrealty.com

# # #

About Macdonald Real Estate Group:
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $8 billion and over $2 billion in assets under management.  With 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 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.

North Vancouver home featured on Love It or List It hits the market!

Looking for a stylish starter home in North Vancouver?  This new listing from Bri Ragona of Macdonald Realty was featured on HTGV’s hit show Love It or List It and in Style at Home magazine.  It proves the old adage that good things come in small packages and will make a stunning place to call home for a lucky buyer!  Stop by the open house this weekend to see it in person – Saturday and Sunday, March 18th & 19th, 2-4 PM.

457 E 11th Street, North Vancouver  |   View the MLS® listing #R2146302 here.

List Price: $1,498,000  |  Bedrooms: 3  |  Bathrooms: 1  |  Living Space : 2,588 sq ft  |  Lot Size: 36 x 147 (5,292.00)

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This charming 1912 character home is located in desirable Central Lonsdale.

The gorgeous open concept main floor has engineered hardwood throughout.

 

Enjoy stunning navy blue kitchen cabinets with sparkling white quartz countertops. High end stainless steal appliances including 36″ gas range and an additional oven.  Solid home – over 200K spent in upgrades.

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 Family room off kitchen with gas fireplace and custom built ins.

 

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1 bed on main floor and 2 large bedrooms up.

 

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The brand new 24×15 ft cedar deck is  perfect for entertaining and overlooks a large backyard.

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457 E 11th Street, North Vancouver  |   View the MLS® listing #R2146302 here.
Listed by Bri Ragona, Macdonald Realty Ltd., 604-783-0627  www.briragona.com

Read designer Jillian Harris’ LOVE IT OR LIST IT take on this old charmer’s miraculous update over on her blog jillianharris.com

Macdonald Realty listings get extra exposure on international website LeadingRE.com

 PrintMacdonald Realty offers consumers an easy way to search home listings and identify top real estate firms in markets worldwide through its participation in the new LeadingRE.com.

The site also brings global exposure for our BC real estate listings and provides consumer resources, such as cost of living comparisons, school information, recent home sales and other local resources and statistics. LeadingRE.com can be accessed via macrealty.com by clicking the Global Home Search logo on the homepage.

“LeadingRE.com now provides home buyers and sellers an easy way to identify the top-performing real estate companies in a given market by searching over 400,000 member listings or by using our comprehensive member directory,” notes Leading Real Estate Companies of the World Director of Strategic Development Rhett Damon. “Our network linking strategy connects many of our high-traffic member sites to LeadingRE.com’s national or global search, providing valuable listing exposure to home sellers.”

 

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For more information about Macdonald Realty and our LeadingRE partnership please email macrealty@macrealty.com or call 1-877-278-3888.  Looking to buy or sell, locally or globally?  Allow us to make a quality introduction to be matched with an independent brokerage and REALTOR® working in your area.

Quality | Connections | Independence

PrintMacdonald Realty is a member of Leading Real Estate Companies of the World™, a global community of real estate companies awarded membership based on rigorous standards for service and performance.

This LeadingRE distinction ensures that you can count on a quality real estate experience when working with us and will benefit from our global connections to buyers and high quality real estate professionals around the world.

 

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Macdonald Realty opens boutique offices in Sidney and Sechelt

Macdonald Realty has opened two new locations, the first in Sidney on Vancouver Island and the second in Sechelt on the Sunshine Coast.  These boutique offices join the province-wide network of 20 offices operated by Macdonald Realty, a B.C. owned and operated brokerage with a 70 year history of service and excellence.

“We’re focused on serving British Columbians in communities of all sizes” says Jonathan Cooper, Vice President, Operations. “Smaller offices like Sidney and Saanich, led by strong local REALTORS®, have become an important part of Macdonald Realty’s growth strategy over recent years.”

In Sidney, the new office opened with six agents and was spearheaded by Chace Whitson, a multiple MLS® Gold Award winner who has been with Macdonald Realty since 2013.  “Having our large office in Downtown Victoria, and now one in Sidney, allows us to serve our clients better across the whole region,” says Whitson. “Our affiliation with Luxury Portfolio International® gives our high-end clients a unique opportunity to market their home to the luxury elite across the globe, something that no other Victoria brokerage can offer.”

The Sechelt office is the result of a meeting between Managing Broker Patricia Place and Medallion Club REALTORS® Barbie Whitworth and Shay Moudahi who decided to switch their office to Macdonald Realty after being attracted by the company’s strong leadership, systems and brand positioning. “The new office is opening at just the right time with the Sunshine Coast market really heating up,” says Place, a part-time Sunshine Coast resident herself who also manages the company’s Squamish, West Vancouver and North Vancouver locations.  

Macdonald Realty Ltd. – Sidney | 2411 Bevan Avenue, Sidney, BC  V8L 4M9  |  Office: 778-426-2262

Macdonald Realty Ltd. – Sechelt | #3 – 5764 Wharf Road, Sechelt, BC  V0N 3A0  |  Office: 604-747-2222

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Macdonald Realty sponsors InspiredHealth cookbook

We are delighted to announce the beginCMYKorangeIHvectorning of a new charitable partnership between Macdonald Real Estate Group and InspireHealth, a local not-for-profit supportive cancer care organization with centres in Vancouver, Victoria and Kelowna.  They provide important programs and services to enhance quality of life, health and well-being of people living with cancer and their families.

Macdonald Real Estate Group has signed on to be the presenting sponsor of InspireHealth’s new cookbook ‘Inspired Cooking‘ featuring 50 exclusive recipes from 20 of Canada’s top chefs including BC’s Vikram Vij (Vij’s Restaurant Group), Ned Bell (Yew at Four Seasons Hotel), Warren Barr (The Pointe Restaurant at Wickaninnish Inn), James Walt (Araxi) and many more.

Last year, InspireHealth welcomed more than 2,400 new members, provided 2,000+ classes and more than 25,000 patient visits – all completely free of charge.  This InspiredHealth cookbook is an important fundraising venture and we are so proud to be a leading sponsor of this project. Watch for the cookbook is stores this holiday season and if you wish to make a donation to the project you can ​visit their Kickstarter page here. 

 

BNN interview about tax evasion in B.C. real estate market

B.C.’s finance minister, Mike de Jong, urges Canada Revenue Agency to “diligently” enforce the law following a report that speculators are flipping homes in B.C. without paying tax. Business News Network (BNN) invites Jonathan Cooper, Vice President of Operations at Macdonald Real Estate Group to share his opinions.

Tax evasion in B.C. real estate market happening but rare

(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.

Condos in Downtown Vancouver

The residential areas of Downtown Vancouver comprise 3 main areas:

  1. Yaletown – which borders the north side of False Creek and much of it originally was developed by Concord Pacific after the Expo 86 World’s Fair;
  2. Coal Harbour – which is the strip of newly developed condos north of West Georgia Street and West of Burrard Street; and
  3. The West End – which comprises the downtown core and west of Burrard Street.

It seems that the new 15% tax on “foreign” buyers has had very little impact on this market, especially with condos where the asking price is under $2 million.  There are many reasons for this:

  • Only 1-5% of the buyers in this segment traditionally have been “foreign”;
  • More and more “empty nesters” from the West Side of Vancouver sell their homes after their children have moved out and downsize by moving downtown and retire on the capital gains earned by selling their detached homes;
  • The buyers are from all backgrounds: local retired people, young singles and married couples (usually with no children or with small families), Chinese immigrants, Koreans, Iranians, Americans, Eastern Europeans, Middle Easterners, etc. In other words there is strong demand from all segments of the market;
  • There seems to be increasing interest in this area from “foreigners” from the USA, typically young hi-tech professionals from San Francisco and San Jose, and older couples from Seattle and Los Angeles, all of them attracted by the diversity, safety, cuisine, scenery and recreational opportunities downtown Vancouver has to offer.
  • Being close to the Central Business District is extremely convenient for the tens of thousands of professionals of all kinds who work downtown.

What’s so special about the Downtown core of Vancouver?  Well, it depends on the specific neighbourhood:

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Are Prices Down, or Not? Average Price vs. Benchmark Price

Why are some articles saying prices are going down, and others saying that for the same product category, they’re not? How is that even possible? Whenever you read real estate reports, it is important to understand how the data used is interpreted by the author. With the high price points of Vancouver’s heated real estate market, conversations about predicting where property values will go next seems to have become a daily conversation wherever we go. In this video, I discuss the difference between the two common ways of measuring price points: Average Price vs. (HPI) Benchmark Price.

 Are prices down, or not? Two ways to measure prices.

When looking at activity for a given period of time, the Average Price per unit is exactly that – an average of all of the sales for that period within a certain market segment.

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Macdonald Realty nominated for HGTV’s Ultimate House Hunt 2016

It is time for HGTV.com’s Ultimate House Hunt once again!

This year Macdonald Realty is nominated in the Best International Home category for a spectacular Three-Level Penthouse in Vancouver, Canada.  This is the category we won last year for The Sanctuary, a luxury home we listed and sold in Squamish B.C.

spectacular Three-Level Penthouse in Vancouver

SENSATIONAL TROPHY VANCOUVER PENTHOUSE – Atop a 32 storey skyscraper this three level sky mansion sprawls over 6,000 square feet of living space and 1,700 square feet of terraces. Outstanding first impressions from the direct elevator access leading to a grand living room featuring soaring 16 foot ceilings, panoramic English Bay views and a grand curved staircase. Master boasts gas fireplace, large steam shower and a two person jetted tub situated mid room. Main level offers second master suite with fireplace and numerous built-in cabinets. Bespoke chef’s kitchen with 48 inch Décor six burner range, numerous built-in ovens and appliances anchored by huge granite island and access to 700 square foot terrace with fireplace and built-in Viking BBQ. Family room with grand wet bar, air conditioning, concierge and six-car private garage. LP $7,838,000

Macdonald Realty nominated for HGTV luxury home contest

Tour amazing homes across the globe, vote for your favourites, and enter for your chance to win a $10,000 cash prize! And remember you can vote for your favourites once a day. Follow the instructions below to vote for Macdonald Realty’s Nominee for HGTV’s Ultimate House Hunt 2016:

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.

Click here to vote.

Vote for HGTV's Ultimate House Hunt 2016

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.)
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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.”