2021 Holiday Charity Donation

2021 Holiday Charity Donation

We Give Because We Care.

Almost two years have passed by since the pandemic started in the beginning of 2020, and today it is still greatly impacting many charity organizations across Canada. According to a study by Imagine Canada, “[in Canada], more than 4 in 10 charities are still facing declines in revenue [and] more than half are dealing with revenue declines of more than 40%.” With the high demand that charities are struggling to meet, they need our help now more than ever to continue their services.

As a BC owned and operated company, Macdonald Realty takes the opportunity to give back to the local community and across Canada.

In May 2021, Macdonald Realty and Macdonald Commercial were proudly the Presenting Sponsor for the 8th annual ARThritis Soirée held virtually. The event raised over $315,000 for arthritis research to help more than 6 million Canadians, young and old, struggling with the pain and disability of arthritis – Arthritis Research Canada provides life-changing answers and hope.

“As Presenting Sponsors, Macdonald Realty and Macdonald Commercial extend our gratitude to all sponsors who, like us, are committed to ensuring our support for life-changing arthritis research goes ahead. Despite these uncertain times, we must push forward and do all we can to accelerate discovery and find answers. My deepest appreciation for your generosity at this very crucial time.”
– Dan Scarrow, President, Macdonald Real Estate Group

“Aside from its prevalence, I think it’s also important to let people know that arthritis is a serious condition that can have a very damaging effect on peoples’ lives. Part of why it is an ‘invisible’ disease is because people suffer in silence and some even feel shame about bringing it up because others think it’s not particularly serious. This needs to change.” – Dan Scarrow, President, Macdonald Real Estate Group

 

From Around Our Offices

Our offices across BC have also donated to charities to help their communities.

  • North Vancouver, West Vancouver, and the Sunshine Coast offices donated to the Red Cross
  • Surrey, Delta, White Rock, and Langley offices donated to Options Community Services for their Christmas Hamper Program
  • Tri-Cities, Coquitlam offices donated to Share Family and Community Services for their Holiday Food for Families & Holiday Toy Program
  • Victoria, Sidney, Salt Spring Island, and Parksville offices donated to The Victoria Sexual Assault Centre, The Victoria SPCA, The Royal Canadian Legion, and The Chief and Petty Officers’ Veterans Assistance Society
  • Squamish office donated to the Helping Hands Society in Squamish

We’re #RealProud of our offices, agents and staff for their generosity and holiday spirit this season!

 

To Benefit:

Arthritis Research Canada/Arthrite-recherche Canada

Arthritis Research Canada is the largest arthritis research organization in North America with centres in British Columbia, Alberta and Quebec. With a dedicated team of more than 100 research scientists, assistants, and trainees – Arthritis Research Canada’s work in arthritis prevention, early diagnosis, better treatment, and improved quality of life is internationally recognized. Arthritis Research Canada’s patient-driven research is reducing the burden of arthritis and providing people with arthritis more timely and cost-effective solutions to address their healthcare needs, right now!

Make arthritis research a priority!

For more information and to learn how you can make a difference, visit Arthritis Research Canada.

 

 

 

 

Source:

Imagine Canada, “New Study Shows Recovery Will Be Challenging for Some Canadian Charities,” August 21, 2021, https://imaginecanada.ca/en/360/New-study-shows-challenging-recovery-for-some-Canadian-charities

Okanagan Real Estate Market Statistics – October 2021

Okanagan Real Estate Market Statistics – October 2021

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in October 2021.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 250 sales, 464 active listings, and $961,600 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 154 sales and 239 active listings at the end of the month. The average sale price was $477,700. Townhome sales were 91, active listings were 136 and the average sale price was $685,900. It’s a seller’s market in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $693,800. At the end of the month, there were 91 sales and 180 active listings.
There were 25 sales and 43 active listings for condos. The average sale price was $301,200.
In comparison, townhomes featured 34 sales, 49 active listings and a $437,200 average sale price.
It’s a seller’s market in North Okanagan.

South Okanagan

There were 100 sales, 231 active listings, and $673,800 average sale price for detached homes in the South Okanagan market.
The condo market featured 37 sales and 88 active listings at the end of the month. The average sale price was $363,000.
Townhome sales were 25, active listings were 57 and the average sale price was $462,200.
It’s a seller’s market in South Okanagan.

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 the Association Of Interior REALTORS® https://www.interiorrealtors.ca/.

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – October 2021

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – October 2021

According to the Fraser Valley Real Estate Board demand for Fraser Valley real estate remained solid in October with overall sales the third highest on record.

The Board processed a total of 1,938 property sales on its Multiple Listing Service® (MLS®) in October, an increase of 3.9 per cent compared to September and a decrease of 18.2 per cent compared to the same month last year.

Larry Anderson, President of the Board, said, “What we’re seeing is a combination of above‐average sales with below‐average new listings which is placing strong upward pressure on home prices, for all residential categories, month‐over‐month.

“It is a very challenging time, particularly for buyers. I empathize with clients who have been trying to buy a home for more than a year without success after multiple attempts. Now, more than ever is the time when buyers and sellers alike must rely on their REALTOR® to guide and advise them in considering all available options, including a change in community or even property type.”

After rebounding slightly in September, new listings decreased in October. The Board received 2,188 new listings, a decrease of 29.0 per cent compared to last year, and a decrease of 6.6 per cent compared to September 2021. The month ended with a total active inventory of 3,447, which is a 9.6 per cent decrease compared to September, and a 49.8 percent decrease compared to October 2020.

Baldev Gill, Chief Executive Officer of the Board, said, “Fraser Valley is a top destination currently in BC for buyers looking for relatively affordable family‐sized homes. Townhomes and single‐family homes are selling on average within two to four weeks in our region, with buyers keenly watching the market for new listings.”

Across the Fraser Valley, in October, the average number of days to sell a single‐family detached home was 28 and a townhome was 18 days. Apartments took, on average, 27 days to sell.

Find all the infographics related to the October Market Statistics by visiting the Facebook Album.

Abbotsford

Cloverdale

Langley

Mission

North Delta

North Surrey

Surrey Central

White Rock / South Surrey

Looking for more information about the real estate market in specific neighbourhoods in Surrey, Langley and Fraser Valley

Macdonald Realty has offices in North Delta, White Rock/South Surrey, and Langley.  Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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 Fraser Valley Real Estate Board (FVREB) www.fvreb.bc.ca

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – October 2021

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – October 2021

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in October 2021. Find all the infographics related to the October Market Statistics by visiting the Facebook Album.

According to the Victoria Real Estate Board inventory pressures continue to constrain Victoria real estate market.

A total of 745 properties sold in the Victoria Real Estate Board region this October, 24.7 per cent fewer than the 990 properties sold in October 2020 and 2.1 per cent fewer than the previous month of September. Condominium sales were down 18.1 per cent from October 2020 with 249 units sold. 18.6 per cent fewer condominiums sold in October 2021 than in the previous month of September. Sales of single family homes were down 30.4 per cent from October 2020 with 339 sold. 2.4 per cent more single family homes sold in October 2021 than in the previous month of September.

“Once again – it’s anyone’s guess what our sales numbers would be like had we been in a market with a historically average number of homes for sale,” said Victoria Real Estate Board President David Langlois. “Over the previous ten years, the average number of properties for sale in October was 3,210 – we are one third of that this year. We continue to see record breaking low levels of homes for sale and with continuing competition for homes, we see pricing pressure persist.”

 

Greater Victoria

Nanaimo

Parksville / Qualicum

Looking for more information about the real estate market in specific neighbourhoods in Victoria, Parksville, Nanaimo, Vancouver Island and the Gulf Islands? 

Macdonald Realty has offices in downtown Victoria, Sidney, Parksville and Salt Spring Island. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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 Victoria Real Estate Board (VREB) www.vreb.org and the Vancouver Island Real Estate Board (VIREB) www.vireb.com. Market data from the VIREB includes listings and sales in Campbell River, Comox Valley, Cowichan Valley Nanaimo, Parksville/Qualicum, Port Alberni/West, North Island, and the Islands.

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – October 2021

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – October 2021

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in October 2021.

Find all the infographics related to the October Market Statistics by visiting the Facebook Album.

Whistler 

In October 2021, there were 11 sales of detached homes and 19 active listings. The benchmark sale price was $2,626,200.
The condo market had 30 sales and 47 active listings at the end of the month.  The benchmark sale price was $662,200.
The townhome market had 19 sales and, the active listings were 5. The benchmark sale price was $1,308,100.
It’s a Seller’s market in Whistler.

 

Squamish

In October 2021, there were 24 sales of detached homes and 49 active listings. The benchmark sale price was $1,436,100.
The condo market had 25 sales and 22 active listings at the end of the month. The benchmark sale price was $633,700.
The townhome market had 17 sales and, the active listings were 9. The benchmark sale price was $903,400.
It’s a Seller’s Market in Squamish.

 

Sunshine Coast

In October 2021, there were 63 sales of detached homes and 123 active listings. The benchmark sale price was $882,900.
The condo market had 10 sales and 29 active listings at the end of the month.
The townhome market had 8 sales and, the active listings were 17.
It’s a Seller’s market on Sunshine Coast.

 


Looking for more information about the real estate market in specific neighbourhoods in Squamish, Whistler, and Sunshine Coast? 
Macdonald Realty has offices in Squamish, Whistler, and Sunshine Coast.  Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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

Greater Vancouver Real Estate Market Statistics – October 2021

Greater Vancouver Real Estate Market Statistics – October 2021

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in October 2021.
Find all the infographics by visiting the Facebook Album.

As released by the Board, Home sale activity remains elevated across Metro Vancouver’s* housing market while the pace of homes being listed for sale continues to follow long-term averages.

“The summer trend of above-average home sales and historically typical new listings activity continued in Metro Vancouver last month. Although this is keeping the overall supply of homes for sale low, we’re not seeing the same upward intensity on home prices today as we did in the spring,” Keith Stewart, REBGV economist said. “Home price trends will, however, vary depending on property type and neighborhood, so it’s important to take a hyperlocal look at your location and property category of choice before making a home buying or selling decision.”

The Board also has informed:

“The total inventory of homes for sale remains insufficient to meet the demand in today’s market. This scarcity limits peoples’ purchasing options and ultimately adds upward pressure on home prices,” Stewart said. “With the federal election now behind us, we hope to see governments at all levels work with the construction industry to streamline the creation of a more abundant and diverse supply of housing options.”

*Areas covered by the Real Estate Board of Greater Vancouver include Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler. Check out the infographics of Squamish, Sunshine Coast and Whistler, HERE.

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Ladner

Maple Ridge

New Westminster

North Vancouver

Pitt Meadows

Coquitlam

Port Coquitlam

Port Moody

Richmond

Tsawwassen

Vancouver East

Vancouver West

West Vancouver

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.

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

November 2021 – Lower Mainland Monthly Update

November 2021 – Lower Mainland Monthly Update

November 2021 – Lower Mainland Monthly Update (REBGV & FVREB)

Almost all Year End records set to be broken in Lower Mainland Real Estate

The most reliable indicator of market prices is the Sales to Active Listings Ratio (SAL). This is the ratio between the number of sales in a given month and the number of active listings at month-end.

In hotter markets in BC, a long-term analysis has shown that prices will usually act in the following ways:

  • 7+ Months of Inventory (Under 14% SAL): Prices will likely DECLINE
  • 5 – 7 Months of Inventory (14% – 18% SAL): Prices will likely be STABLE
  • Less than 5.5 Months of Inventory (Over 18% SAL): Prices will likely RISE

Visit this link to learn more about house prices and inventory.

Sales

Monthly sales 5,432 are significantly above the 10-year average (4,136).

 

 

Cumulative Year-to-date Sales

YTD sales are currently at the highest level ever recorded. Sales from Jan – Oct have surpassed the total number of sales in years 2011 – 2015 and 2018 – 2020. We expect total sales by the end of 2021 to break all records.

Inventory

Inventory continues to trend below the long-term average.

Sales to Active Listings

Prices are expected to rise with increased sales to active lisitng ratio

Months of Inventory

Months of inventory struggles through October, further indicating that prices are expected to rise.

PODCAST: Using Coaching to Build Trust (October 2021)|British Columbia Real Estate Association (BCREA)

PODCAST: Using Coaching to Build Trust (October 2021)|British Columbia Real Estate Association (BCREA)

Across the province, REALTORS® and brokerages are engaged in innovative work to support the real estate profession and the public. And we want to share those stories. On this episode of Open House by BCREA, explore an innovative way to build trusting, successful relationships with your clients through our conversation with Mark Winter. Mark is a seasoned real estate professional with 30 years of experience and is also a certified coach. He is Director of Agent Development at a BC real estate brokerage and has written a book entitled A Different Conversation: Realizing Your Potential as a Real Estate Agent.

This episode was recorded on October 22, 2021.

Listen to the podcast here.

Links:

 

Background

If you had to pick the most important thing you could provide your clients with, what would it be?

In a survey recently published by the Canadian Real Estate Association and Nanos Research, the most important attributes a Realtor should display in their interactions with clients are honesty and integrity. In other words, your clients want to be able to trust you.

But building that trust can be easier said than done and the survey results also highlight that there is some room to grow in that area.

Joining us to talk about an innovative way to build trust in your relationships with your clients is Mark Winter. Mark has been a part of the same BC brokerage since 1992 and now has over 30 years of experience in the real estate business. He started off as a Realtor and now works in a senior leadership role as Director of Agent Development.

He’s also a certified coach and putting his two passions together has written a book entitled A Different Conversation: Realizing Your Potential as a Real Estate Agent. Mark joins us to talk about the coaching approach and how this approach can lead to more success and fulfillment as a Realtor, which in turn means more satisfied clients.

 


The article was originally posted on British Columbia Real Estate Association (BCREA), November 1, 2021. Written by Shaheed Devji.

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – September 2021

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – September 2021

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in September 2021.
Find all the infographics related to the May Market Statistics by visiting the Facebook Album.

Whistler 

In September 2021, there were 14 sales of detached homes and 39 active listings. The benchmark sale price was $2,472,500.
The condo market had 29 sales and 52 active listings at the end of the month.  The benchmark sale price was $611,300.
The townhome market had 21 sales and, the active listings were 13. The benchmark sale price was $1,286,500.
It’s a Seller’s market in Whistler.

 

Squamish

In September 2021, there were 20 sales of detached homes and 55 active listings. The benchmark sale price was $1,366,700.
The condo market had 11 sales and 23 active listings at the end of the month. The benchmark sale price was $587,400.
The townhome market had 17 sales and, the active listings were 18. The benchmark sale price was $880,900.
It’s a Seller’s Market in Squamish.

 

Sunshine Coast

In September 2021, there were 70 sales of detached homes and 145 active listings. The benchmark sale price was $867,700.
The condo market had 9 sales and 37 active listings at the end of the month.
The townhome market had 6 sales and, the active listings were 18.
It’s a Seller’s market on Sunshine Coast.

 


Looking for more information about the real estate market in specific neighbourhoods in Squamish, Whistler, and Sunshine Coast? 
Macdonald Realty has offices in Squamish, Whistler, and Sunshine Coast.  Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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

Okanagan Real Estate Market Statistics – September 2021

Okanagan Real Estate Market Statistics – September 2021

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in September 2021.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 244 sales, 484 active listings, and $923,500 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 161 sales and 248 active listings at the end of the month. The average sale price was $478,300.
Townhome sales were 75, active listings were 144 and the average sale price was $675,300.
It’s a seller’s market in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $687,400. At the end of the month, there were 80 sales and 172 active listings.
There were 20 sales and 47 active listings for condos. The average sale price was $300,800.
In comparison, townhomes featured 32 sales, 65 active listings and a $434,400 average sale price.
It’s a seller’s market in North Okanagan.

South Okanagan

There were 98 sales, 260 active listings, and $675,600 average sale price for detached homes in the South Okanagan market.
The condo market featured 43 sales and 93 active listings at the end of the month. The average sale price was $354,900.
Townhome sales were 24, active listings were 69 and the average sale price was $447,200.
It’s a seller’s market in South Okanagan.

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 the Association Of Interior REALTORS® https://www.interiorrealtors.ca/.

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