Giving Tuesday 2022

Giving Tuesday 2022

Giving Tuesday is an international day of giving that has become a global movement where we all come together to give back to the community. Every act of generosity counts no matter what it is. It could be giving a compliment, helping a stranger, lending a pen to your coworker, giving your seat to someone on a crowded bus, or helping those who are less fortunate.

We are proud to be a BC owned and operated company, and as part of our Giving Tuesday initiative we are supporting the local communities where we live and work. We have donated $34,420 to the charities below.

This year, our offices across BC are sponsors of many local charities and organizations:

  • Kerrisdale and Vancouver Downtown offices donated to Save the Children. The organization helps children in nearly 120 countries around the world – including Canada. In Canada, they have programs such as, the national reconciliation, climate change, education, and health programs.
  • Surrey, Delta, White Rock, and Langley offices donated to Options Community Services for their Christmas Hamper Program. The charity provides social services and promotes a healthy community.
  • Tri-Cities, Coquitlam offices donated to Share Family and Community Services for their Holiday Food for Families & Holiday Toy Program as well as to Share Family and Community Services Imagine Gala. They provide leadership and programs for the Tri-Cities, New Westminster, and adjacent communities.
  • Langley office donated to Big Brothers/Big Sisters of Langley. Through mentoring, all children and youth are given the tools they need to realise their greatest potential.
  • Maple Ridge office donated to Maple Ridge Rotary. Their volunteers help members of the community who are in need.
  • Parksville office donated to District 69 Backpack Program where the donations contribute to helping feed one family for one year. Parksville office held a Pet Photos with Santa session to raise money for the cause.
  • Commercial and Property Management offices donated to several charities: Vancouver Chinatown Foundation (focused on revitalization of Chinatown and helping the less fortunate), Osteoporosis Canada (bone health education and awareness), and Dr. Peter Aids Foundation (promotes the well-being of people with HIV).

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

Source:

District 69 Backpack Program, https://www.district69backpackprogram.com

Dr. Peter Aids Foundation, https://www.drpeter.org/about/about-us

Osteoporosis Canada, https://osteoporosis.ca/about-us

Save the Children, https://www.savethechildren.ca/about-us

Vancouver Chinatown Foundation, https://www.chinatownfoundation.org/#OurProjects

Options Community Services, https://www.options.bc.ca/about-options-community-services/overview

Share Family and Community Services, https://sharesociety.ca/about-us

Maple Ridge Rotary, https://clubrunner.blob.core.windows.net/00000000800/en-ca/files/homepage/why-join-rotary/Why-Join-Rotary.pdf

Big Brothers/Big Sisters of Langley, https://langley.bigbrothersbigsisters.ca/about-us/

Okanagan Real Estate Market Statistics – October 2022

Okanagan Real Estate Market Statistics – October 2022

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in October 2022.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 126 sales, 1,009 active listings, and $997,000 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The condo market featured 94 sales and 460 active listings at the end of the month. The average sale price was $490,600. Townhome sales were 45, active listings were 319 and the average sale price was $767,500. It’s a buyer’s market for houses and townhomes in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average detached home sale price was $721,500. At the end of the month, there were 59 sales and 302 active listings. There were 12 sales and 53 active listings for condos. The average sale price was $306,600. In comparison, townhomes featured 15 sales, 78 active listings and a $558,800 average sale price. It’s a balanced market in North Okanagan.

South Okanagan

There were 67 sales, 369 active listings, and $746,500 average sale price for detached homes in the South Okanagan market.
The condo market featured 28 sales and 121 active listings at the end of the month. The average sale price was $439,100. Townhome sales were 10, active listings were 96 and the average sale price was $546,600. It’s a balanced market for houses and condos 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/.

Greater Victoria, Saanich Peninsula, Parksville and Nanaimo Real Estate Market Statistics – October 2022

Greater Victoria, Saanich Peninsula, Parksville and Nanaimo Real Estate Market Statistics – October 2022

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Saanich Peninsula, Parksville/Qualicum, and Nanaimo listings and sales in October 2022. Find all the infographics related to the October Market Statistics by visiting the Facebook Album.

A slight uptick in sales and inventory, but Victoria market still requires commitment to homes.

A total of 480 properties sold in the Victoria Real Estate Board region this October, 35.6 per cent fewer than the 745 properties sold in October 2021 but a 17.1 per cent increase from September 2022. Sales of condominiums were down 39 per cent from October 2021 with 152 units sold. Sales of single family homes decreased 32.2 per cent from October 2021 with 230 sold.

“Inventory has remained stable this month and for the first time since May 2022, we see a slight increase in the month over month sales,” says Victoria Real Estate Board President Karen Dinnie-Smyth. “We noted last month that the number of sales for September did not necessarily reflect the on-the-ground activity in the marketplace. October sales have shown what the industry has been experiencing, an increase in activity, more sales and well-priced homes receiving plenty of attention — some receiving multiple offers. If you are considering selling a property, the continually evolving market conditions this month reinforce the need for up-to-date analysis of how to price your home during this type of market. With many micro-markets within the Greater Victoria area conversations with your local REALTOR® on how the housing market is performing in your specific area will be crucial to your success.”

There were 2,192 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2022, a decrease of 4.7 per cent compared to the previous month of September but a 111.6 per cent increase from the 1,036 active listings for sale at the end of October 2021.

“With new mayors and councillors heading to work in several of our municipalities, we hope to see strong commitments to positive ways to manage the current and future housing needs of our communities high on council agendas,” adds President Dinnie-Smyth. “The future cost of housing is at stake. The pressure on pricing and in the market overall will not resolve until we see material improvements in the number and types of properties available in the Greater Victoria area. Rentals, townhouses, duplexes, triplexes and beyond are all needed to help ensure that we do not face another cycle of rapid price increases due to lack of inventory in the future. We hope that all municipalities will be looking at gentle density improvements that will ensure more homes for more people in their community planning.”

Greater Victoria

Saanich Peninsula

Nanaimo

Parksville / Qualicum

 

Looking for more information about the real estate market in specific neighbourhoods in Victoria, Saanich Peninsula, 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.

Greater Vancouver Real Estate Market Statistics – October 2022

Greater Vancouver Real Estate Market Statistics – October 2022

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in October 2022. Find all the infographics by visiting the Facebook Album.

Inflation, rising interest rates create caution across Metro Vancouver’s housing market.

Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 per cent decrease from the 3,494 sales recorded in October 2021, and a 12.8 per cent increase from the 1,687 homes sold in September 2022.

Last month’s sales were 33.3 per cent below the 10-year October sales average.

“Inflation and rising interest rates continue to dominate headlines, leading many buyers and sellers to assess how these factors impact their housing options,” Andrew Lis, REBGV’s director, economics and data analytics said. “With sales remaining near historic lows, the number of active listings continues to inch upward, causing home prices to recede from the record highs set in the spring of 2022.”

There were 4,033 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2022. This represents a 0.4 per cent decrease compared to the 4,049 homes listed in October 2021 and a 4.6 per cent decrease compared to September 2022 when 4,229 homes were listed.

*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

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – October 2022

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – October 2022

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in October 2022.

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

Whistler 

In October 2022, there were 7 sales of detached homes and 66 active listings. The benchmark sale price was $2,639,400.
The condo market had 16 sales and 87 active listings at the end of the month.  The benchmark sale price was $603,900.
The townhome market had 8 sales and the active listings were 53. The benchmark sale price was $1,417,200.
It’s a balanced market in Whistler.

Squamish

In October 2022, there were 15 sales of detached homes and 111 active listings. The benchmark sale price was $1,685,700.
The condo market had 9 sales and 37 active listings at the end of the month. The benchmark sale price was $532,900.
The townhome market had 4 sales and, the active listings were 36. The benchmark sale price was $992,000.
It’s a balanced market for condos in Squamish.

 

Sunshine Coast

In October 2022, there were 28 sales of detached homes and 274 active listings. The benchmark sale price was $917,000.
The condo market had 2 sales and 35 active listings at the end of the month.
The townhome market had 2 sales and, the active listings were 21.
It’s a buyer’s market in 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

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