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Market Update October 2015

     
 
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October 2015

 

     

How to Make Your Small Space Bigger: Condo Renovation Solutions

1) Big Ideas for Small Spaces - With the rising popularity of the micro-condo and people prioritizing location over square-footage more than ever, making the most of the space you do have is essential.

2) Moving Walls in a Condo - There's nothing quite like entertaining in a great room with the opportunity to host and mingle with your guests at the same time. An open floorplan makes the most modest sized condos feel spacious, while bringing everyone together and maximizing natural light.

3) Transforming the Smallest Room - Approaching a bathroom renovation in a condo is similar to that in a detached home, as it is a value-adding investment and a desirable selling feature. Bathroom renovations deliver a higher return on investment than most, when done right.

Read more...(REW.ca as seen in Westcoast Condominium)

 

 

September Market Update

Click the links below for our handy breakdown of real estate activity in your area last month. Find average days on market, number of listings and sales, as well as a neighourhood breakdown. Do you have questions on your area's market activity? Give me a call..

Abbotsford

 

Burnaby

Bowen Island

 

Gulf Islands

Cloverdale

 

Coquitlam

Ladner

 

Langley

Maple Ridge

 

Mission

New Westminster

 

North Delta

North Surrey

 

North Vancouver

Pitt Meadows

 

Port Coquitlam

Port Moody

 

Richmond

South Surrey
/White Rock

 

Squamish

Surrey

 

Tsawwassen

Vancouver Downtown

 

Vancouver East

Vancouver West

 

West Vancouver

Whistler

 

Victoria

Kelowna

 

Penticton

Osoyoos

 

Oliver

 

 

Vancouver real estate fuelled by wealth transfer

The Bank of Mom and Dad is largely enabling young and move-up homebuyers achieve their seemingly ambitious property ownership goals in Metro Vancouver's expensive real estate market, a new survey by REW.ca released Sept. 11 has found. This makes the transfer of generational wealth a key reason for the continuing rise in house prices in Metro Vancouver, and not just foreign buyers as is commonly perceived.

Read more... (Vancouver Courier)

 

 

Vancouver designates First Shaughnessy a heritage area

A luxury neighbourhood of grand old homes and lush greenery is being designated as Vancouver's first-ever heritage conservation area in an effort to halt a tide of demolitions and assuage fears that the city is being wrecked by a brash new group of home buyers who do not care about its history.

Vancouver city council voted unanimously to put the new designation on First Shaughnessy, created in 1907 by Canadian Pacific Railway as a high-class new subdivision.

Read more... (The Globe and Mail)

 

     

 

Macdonald Realty News

Platinum Project Marketing Condo development under construction downtown(Squamish Chief)

Lower Mainland News

Metro Vancouver house prices not much better in the suburbs, says study (CBC News)

Has sun set on middle-class dream in Richmond? (Richmond News)

'No summer lull' in housing market in Maple Ridge, Pitt Meadows (Maple Ridge Times)

The cost of a backyard in Vancouver? $750,000 (The Globe and Mail)

Young Vancouver families trapped in starter homes, finds study (Business in Vancouver)

Victoria & Vancouver Island News

Nanaimo home sales strong into fall (Nanaimo News Bulletin)

Victoria renters struggle with housing gap, finds analysis (Business in Vancouver)

'Will we see the normal winter lull or will the market continue at this pace?' (Times Colonist)

Whistler-Squamish News

Squamish will decide on resort: CEO (Squamish Chief)

Okanagan News

Home sales holding steady in Okanagan-Shuswap (Castanet Kelowna)

 


 

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*Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission to prior sale or lease, change in price or terms, and withdrawal without notice.

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©2015 Macdonald Real Estate Group
 
 
 
 
 
     
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.