Newsroom Archives - macdonald realty
 
Okanagan Real Estate Market Statistics – March 2020

Okanagan Real Estate Market Statistics – March 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in March 2020.   

Central Okanagan: Kelowna and Lake Country  

 

Central Okanagan: Kelowna and Lake Country

There were 176 sales, 903 active listings, and a $718,009 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 91 sales and 561 active listings at the end of the month. The average sale price was $331,953.

Townhome sales were 74, active listings were 320 and the average sale price was $516,250.

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

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $509,463. At the end of the month, there were 67 sales and 398 active listings.

There were 12 sales and 65 active listings for condos. The average sale price was $278,692.

In comparison, townhomes featured 28 sales, 119 active listings and a $356,337 average sale price.

It’s a balanced market in North Okanagan.

North Okanagan: Vernon and surrounding area

 

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.

Okanagan Real Estate Market Statistics – February 2020

Okanagan Real Estate Market Statistics – February 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in February 2020.   

Central Okanagan: Kelowna and Lake Country  

There were 122 sales, 800 active listings, and a $734,799 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 88 sales and 495 active listings at the end of the month. The average sale price was $351,814.
Townhome sales were 50, active listings were 320 and the average sale price was $530,487.
It’s a buyer’s market for homes and townhomes in Central Okanagan. Updated monthly, real estate market statistics from Macdonald Realty on Okanagan listings and sales, including Kelowna and Vernon. February 2019

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $519,583. At the end of the month, there were 56 sales and 340 active listings.
There were 15 sales and 55 active listings for condos. The average sale price was $237,927.
In comparison, townhomes featured 22 sales, 105 active listings and a $360,547 average sale price.
It’s a seller’s market for condos in North Okanagan.
Updated monthly, real estate market statistics from Macdonald Realty on Okanagan listings and sales, including Kelowna and Vernon. February 2019

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.

Share your love of BC with us for a chance to win a $1,000

Share your love of BC with us for a chance to win a $1,000

This March we are launching our new campaign around our deep roots in this province: #homeisBC.

Home is where you grow, play, create and work.
A home is what you make it, it’s where you rest your head,
connect with your family, and what comforts you.
It’s where you sail the ocean, hike the mountains, and cruise the cities.
At Macdonald Realty we are #realproud to say, home is BC.

 

 

What does home is BC mean to you?
Capture your favourite #homeisBC moment on Instagram, use the hashtag #homeisBC and tag us for a chance to win a $1,000 Gift Card.

macdonald realty contest home is bc #homeisbc

Check out homeisbc.ca for more details on the contest.

About Macdonald Realty:
With over 20 offices and 75 years of experience we know each community’s unique identity because we not only work here, we live here. We do things with pride. We do things with optimism. We do dreams. We do real life. We do things with a long-term view. We do it because we’ve been there and we know how to make things happen for our clients. At Macondald Realty we are #realproud that home is BC.

What a Year! 75 Years Young and Going Strong

What a Year! 75 Years Young and Going Strong

What a year! 2019 was full of significant achievements and big dreams.

Macdonald Realty’s Real Estate Agents


As we celebrate Macdonald Realty’s 75th Anniversary, let’s take a moment to raise our glasses and reflect on the moments of this year.

Over the past 12 months, our leadership team, agents and staff, have worked incredibly hard! They have helped our company thrive and succeed in our objectives for 2019. We have continued to invest in our future, even after this many years to seek new horizons and move forward confidently into the next decade.

Here are our main events:

      • Leadership Team – Dan Scarrow appointed Macdonald Real Estate Group President
      • Leadership Team – Rosey Hudson appointed Macdonald Real Estate Group VP Operations
      • Refresh – modernization of logos and branding
      • New Website – www.macrealty.com 
      • New Marketing Program – kvCORE, which includes: fully-optimized Agent Websites, state-of-the-art CRM to manage client databases and a digital media marketing centre
      • New Office – Macdonald Commercial Surrey to service the Fraser Valley
      • New Office – Macdonald Property Management Surrey to service the Fraser Valley
      • New Office – Macdonald Realty Sunshine Coast in Sechelt
      • Office Renovation – Macdonald Realty North Vancouver
      • Office Renovation – Macdonald Realty Squamish 
      • Relaunch – Macdonald Platinum Marketing to provide Project Marketing services to developers
      • Merger/Acquisition – Bay Realty, a 40-year old, high-end brokerage, joined our office in South Surrey/White Rock

Macdonald Realty Office In North Vancouver


Watch out for more updates as we plan on continuing this investment initiative into 2020!

Before you go, we can’t forget to mention that this year Business in Vancouver ranked the 2019 biggest BC businesses owned by women and Macdonald Real Estate Group is #2! We’re privileged to have Lynn Hsu as our CEO and all the women in our leadership team.

Lastly, at one of our holiday parties this year, a brave group of agents and staff from our Macdonald Realty and Macdonald Commercial’s Vancouver Offices made a polar bear plunge at Kitsilano Beach after raising over $25,000 for Canuck Place Children’s Hospice. We are #realproud of the swimmers and thank you to for the donations to this important charity.

Watch the 2019 Holiday Party
Click here to share from YouTube  |  Click here to share from Facebook

 

We’re ready to start the next decade to make even more connections and to bring more people and places together; Because that’s what we do.

Happy New Year!

Sharon Federal Has Announced Her Retirement  As Macdonald Realty’s CFO

Sharon Federal Has Announced Her Retirement As Macdonald Realty’s CFO

VANCOUVER, B.C. – (November 27, 2019) – After 39 years at Macdonald Realty, our CFO Sharon Federal has announced her retirement. Sharon’s dedication has helped Macdonald Realty thrive and grow to become a leader in BC real estate.

Sharon Federal

Sharon’s leadership and guidance have been instrumental to Macdonald Realty growing from a single office with only 25 agents and property managers in 1981 to where we are today. This was recognized in 2013 when Sharon was named Business In Vancouver’s CFO of the Year. Her strong sense of loyalty, dedication to work, and commitment to excellence have been an inspiration and a role model to our younger employees, and her thoughtfulness and compassion have made her friend to many around the office.

Sharon Federal’s 39th Anniversary Celebration And Her Lovely Family

We wish you a long and wonderful retirement, Sharon!

What can a homebuyer get for $500,000 across Canada right now?

What can a homebuyer get for $500,000 across Canada right now?

Released by Montreal Gazette.
BRIANA TOMKINSON, SPECIAL TO THE MONTREAL GAZETTE
Updated: December 1, 2019

Although property here may seem like a screaming deal when seen through Vancouver eyes, half a million doesn’t go as far as it used to in Montreal.

Montreal downtown at dusk

“It’s pretty easy,” laughed MacDonald Realty broker Dan Scarrow. “It’s a one-bedroom condo. That’s what you can get for $500,000.”

To find a detached home at that price point, he said, a buyer would likely be driving an hour or more outside the city.

Scarrow, who ran a MacDonald Realty office in Shanghai for a while, said that although prices seem expensive to locals — especially since salaries have not gone up in pace with real estate prices — the reality is that Vancouver is no longer a “local” market; it is international.

“Real estate in global, more international cities, until about 10 to 15 years ago, was locally driven. Since then it has become a more global market, with people around the world comparing cities to other cities,” Scarrow said. “Locals always look at it in terms of the previous year’s pricing and they can’t make heads or tails of where these prices are coming from.”

The influx of cash from outside Canada has buoyed prices in Vancouver and Toronto beyond what many locals can afford, he said, yet international buyers keep coming because they have been to places that are much more expensive, he said.

To Scarrow, it looks like it may be Montreal’s turn now.

Scarrow’s office is now repping Montreal condo projects like Victoria-sur-le-Parc, YUL and One Square Phillips to buyers in Vancouver and Toronto as well as Shanghai. Real estate agents who work closely with condo investors have been flocking to Vancouver launch parties for Montreal condo projects like these, he said. The buyers they’re working with include both foreigners with property in Vancouver as well as bargain-hunting locals.

“We have a pretty mature investor clientele in Vancouver that are used to investing in presale condos, and I guess that market is just sort of starting in Montreal right now,” he said.

Although property here may seem like a screaming deal when seen through Vancouver eyes, half a million doesn’t go as far as it used to in Montreal. A Centris search reveals the options: lots of two-bedroom condos near downtown, a handyman special in NDG, plexes in the Sud-Ouest, Hochelaga-Maisonneuve or Ahuntsic.

Article released by Montreal Gazette. You can read the entire content by clicking HERE.

1 2 3 16