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...
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...
read more
How to Buy in Vancouver
First, you’ll want to understand the taxes you’re going to pay It is impossible to think about buying in Vancouver as a foreigner without considering the now- infamous tax on foreign buyers and speculators introduced in 2016 to make housing in the region more...
read more
Big Fat Deal: $11 Million to be a Minimalist in Kerrisdale
Each week, BCBusiness takes you inside one of the most outrageously upmarket real estate offerings in the province Address: 6485 Cedarhurst Street, Kerrisdale Price: $10,998,000 Listing: R2234536 The skinny: Five-bedroom, seven-bathroom, 6,481-square-foot house on a...
read more
MoneySense Names Top 10 Metro Vancouver Neighbourhoods to Buy Real Estate
In April 2018 MoneySense.ca selected their top Metro Vancouver neighbourhoods to buy real estate Based on value and price momentum. “The No. 1 spot on this year’s Vancouver neighbourhood ranking is Uptown New Westminster. The average home price in this neighbourhood...
read more
Luxury Brokers in Vancouver Wary as Property Taxes Hiked | Mansion Global
Vancouver’s luxury market, already experiencing a downturn since 2016, will likely take another hit with the introduction of higher tax rates for foreign and luxury home buyers, experts say. The provincial government of British Columbia on Tuesday announced a basket...
read more
Let your situation — and not the signs — direct real estate decisions | Vancouver Sun
With Lunar New Year beginning on Friday, Vancouver realtor Grace Kwok smiles and notes that this year’s zodiac figure — it’s the Year of the Dog — carries with it advice that she would follow year in and year out in the world of real estate: Consider your needs first...
read more
Government housing market measures hurting, not helping first-time buyers, says Macdonald Realty | Vancouver Sun
The federal government’s tougher mortgage lending rules and the British Columbia government’s affordable housing measures are working against each other. Ultimately, these moves will hurt first-time buyers the most, says a senior real estate executive with a leading...
read more
Foreign buyers not swayed by 15-per-cent housing tax, data show | The Globe and Mail
The proportion of foreign buyers in the Vancouver region is at its highest level since the province's 15-per-cent tax on these purchasers came into effect a year ago, with experts and industry insiders saying international interest is strong in the surging condo...
read more
Victoria real estate: Fewer listings, fewer sales in October | Times Colonist
Fewer listings translated into a slow month of home sales in October, according to figures released Wednesday by the Victoria Real Estate Board. There were 664 properties sold last month, a drop of nearly 10 per cent compared with the same time last year. At the same...
read more