Macdonald Real Estate Group announces multi-year sponsorship commitment to Arthritis Research Canada

February 11, 2019 (Vancouver, BC) – Macdonald Real Estate Group is pleased to announce a three year sponsorship with Arthritis Research Canada as presenting sponsor of their signature event, the ARThritis Soirée.  This year’s event will take place at 7 pm on May 22, 2019 at The Roof, Hotel Vancouver.  Tickets are on sale now at arthritissoiree.ca.

The Soirée attracts business and community leaders, philanthropists, healthcare professionals, donors, and more and is presented as an elegant cocktail reception. This format allows guests to circulate and network and boasts something for everyone—mouth-watering hors d’oeuvres, champagne and wine, as well as an amazing raffle, and live and silent auctions. Singer Mike Reno will also treat sponsors and guests to an amazing show that will include some of Loverboy’s greatest hits.

“We are proud to highlight the importance of arthritis research for the millions of Canadians who struggle with this disease,” said Lynn Hsu, Macdonald Real Estate Group’s CEO. “Arthritis is the leading cause of workplace disability and affects 1 in 6 Canadians. Research is needed to improve the lives of people living with this disease in Canada and around the world.”

[Read more…]

Congratulations to the 2018 Macdonald Realty Award Winners!

At Macdonald Realty, our people are our business, and our goal is to foster a culture of success where everyone wins.

We’d like to congratulate all of our Macdonald Realty agents who received either a Sales Achievement Award, an Award of Excellence or a Rookie award at this year’s award ceremonies.

We’d like to thank you for your continued dedication, your tenacity and hard work and most importantly, for being a part of the Macdonald Realty family.

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – January 2019

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in January 2019.

Squamish

In January 2019, there were 8 sales of detached homes and 102 active listings in Squamish. The benchmark sale price was $982,700 with an average days on market of 78.

The condo market had 8 sales and 53 active listings at the end of the month.  The benchmark sale price was $468,200 with an average days on market of 67.

Townhome sales were 7 sales, active listings were 40. The benchmark sale price was $661,600 and the average days on market were 77.

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

MarketHotSheet_January_2019_Squamish

[Read more…]

Greater Vancouver Real Estate Market Statistics – January 2019

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in January 2019.

Vancouver-West

In the Vancouver Westside, there were 36 sales of detached homes and 704 active listings at the end of the month. The benchmark sale price was $3,049,700 with average days on market of 69. The hottest markets for sales was Dunbar with 9 sales.

In comparison, the condo market had 133 sales, 1,194 active listings and a benchmark sale price of $783,400 with an average of 42 days on market. The hottest market for sales was Downtown VW, 34 sales.

Townhome sales were 15, active listings were 178. The benchmark sale price was $1,216,600 with an average days on market of 70. Fairview VW with 4 sales was the hottest market of the month.

It’s a buyer’s market in Vancouver West.

MarketHotSheet_January_2019_VancouverWest

[Read more…]

Macdonald Real Estate Group appoints new President

 VANCOUVER, B.C. – (February 6, 2019) –Macdonald Real Estate Group, parent company of Macdonald Realty, Macdonald Commercial, Macdonald Property Management, and Platinum Project Marketing has appointed Dan Scarrow as President, replacing Lynn Hsu, who will remain as Chairwoman and CEO.

“Dan has demonstrated strong leadership and business acumen, both in our operations in Canada and our successful office in Shanghai, China,” said Lynn Hsu, CEO. “Many of Dan’s strategic decisions over the past 10 years have been instrumental in getting us to where we are today.”

“I’m excited to continue working with our talented group of managers, staff, and agents in what is our 75th anniversary,” said Scarrow. “I will be working hard to help us maintain our status as British Columbia’s premier real estate brokerage and consultancy firm.”

Since joining the company in 2006, Dan has held several roles, first as a successful residential agent, selling over $50 million in his first year in sales, and then moving to commercial and earning an Award of Excellence or Sales Achievement Award in each of the following 4 years. In 2010, Dan moved to the management side as VP Operations, helping the company expand during that period. Most recently, from 2014 – 2018, he moved to Shanghai, China, opening and running Macdonald’s office there (branded the Canadian Real Estate Investment Centre).

Dan has a Bachelor of Commerce (Honours) degree from Queen’s University and is fluent in Chinese (Mandarin).

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – January 2019

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 2019.

North Delta

In the North Delta market, the benchmark sale price was $879,600 for detached homes. At the end of the month, there were 139 active listings and 22 sales.

The condo market had 5 sales and 33 active listings. The benchmark sale price was $391,000.

Townhomes featured 4 sales, 22 active listings and a $587,800 benchmark sale price.

It’s a buyer’s market for homes and condos.    MarketHotSheet_January_2019_NorthDelta

[Read more…]

Okanagan Real Estate Market Statistics – January 2019

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in January 2019.

Central Okanagan: Kelowna and Lake Country

There were 80 sales, 807 active listings, and a $688,886 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 60 sales and 478 active listings at the end of the month. The average sale price was $336,258.

Townhome sales were 33, active listings were 335 and the average sale price was $489,037.

It’s a buyer’s market in Central Okanagan.

MarketHotSheet_January_2019_CentralOkanagan

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – January 2019

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in January 2019.

Greater Victoria

In January 2019, there were 127 sales of single family homes and 688 active listings in Greater Victoria. The benchmark sale price was $742,000 with an average days on market of 59. The hottest market for sales was Langford with 28 sales. There were also 6 sales and 110 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 111 sales and 388 active listings at the end of the month. The benchmark sale price was $491,700 with an average days on market of 48. The hottest market for sales was Victoria, 45 sales.

Townhome sales were 37, active listings were 177 and the benchmark sale price was $587,500. The average days on market were 47, and the hottest market was Langford with 9 sales.

It’s a seller’s market for condos.

MarketHotSheet_January_2019_Victoria

[Read more…]

The symbol of the pig ‘has always been blessed with good fortune’

Think back for a moment to 1959, a Year of the Pig in the Chinese Zodiac calendar.

Canada was basking in the glow of post-Second World War prosperity. The average annual salary of $5,000 could buy you a new house for $12,500 and a new Chevy for $2,200, while just $1 would get you a night at the movies to watch Marilyn Monroe.

Now, 60 years later, with the return of the Year of the Pig, you could hunt for a long time in Vancouver to find a new house for under $1 million, a Chevy for less than $20,000 or a movie viewing for $10 a head. But if that depresses you a bit, Andrew Leong, a Richmond realtor and occasional adherent to the world of Chinese astrology, has some encouraging words for the coming year.

“The pig has always been blessed with good fortune,” the 35-year veteran realtor says.

He said that even though the real estate market has experienced somewhat of a downturn in recent months, “it really can’t get any worse.”

“Those born under the pig sign are very realistic people. They don’t go with the trends. They go with the basics. They tend to approach challenges in a cooperative way with other people. “

They are also born optimists, he said, a good trait to possess in the context of the past year. He himself predicts real estate will show signs of recovery. “That’s how I see this market, even without the horoscopes.”

[Read more…]

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

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

Squamish

In December 2018, there were 7 sales of detached homes and 95 active listings in Squamish. The benchmark sale price was $975,600 with an average days on market of 68.

The condo market had 3 sales and 52 active listings at the end of the month.  The benchmark sale price was $455,900 with an average days on market of 36.

Townhome sales were 3 sales, active listings were 46. The benchmark sale price was $666,300 and the average days on market were 96.

It’s a buyer’s market in Squamish.

MarketHotSheet_December_2018_Squamish

[Read more…]