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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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

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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.

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.