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September 2017

 
 

Bank of Canada raises key interest rate to 1%

The Bank of Canada is once again raising its benchmark interest rate as it sees the economy's powerful performance pointing to broader, more self-sustaining growth.

The central bank hiked its rate by one-quarter point to 1.0 per cent, its second 25-basis-point increase since July.

The move, which will likely be a surprise for some, came less than a week after the latest Statistics Canada numbers showed the economy expanded by an impressive 4.5 per cent in the second quarter.

 
 

Monthly Local Market Update

As summer winds to a close, we bring you the August market statistics on listings and sales by area in these quick infographic summaries.

Click on your city for your local market update.

 

Abbotsford

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Cloverdale

Coquitlam

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Surrey

North Vancouver

Parksville

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Victoria

Vernon

West Vancouver

Whistler

How to research new home appliances in 4 easy steps

If you’ve decided to build or buy a new home, you get a chance to recreate the vision of what your perfect home should look like. It can be both exciting and overwhelming to choose all the personalized features you want to incorporate.

Purchasing new home appliances can be mesmerizing, so before you succumb to the "I-want-it-all syndrome," you’d better do your research.

 

B.C. Real Estate News

LOWER MAINLAND

Sizzling summer for suburban Vancouver condo market (BC Business)

Continued demand for attached homes brings second strongest August historically in Fraser Valley market (FVREB)

B.C. tenants are about to get hit with the largest rent increases allowed in five years (Georgia Straight)

VICTORIA & VANCOUVER ISLAND

Victoria home prices drop for first time in two years (CTV News)

Greater Victoria region leads Vancouver Island construction (Saanich News)

SQUAMISH & WHISTLER

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – August 2017

OKANAGAN

Okanagan real estate board says house sales dipped in August (Kelowna Capital News)

Kelowna towers reach new heights (Global News)

 
 

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©2017 Macdonald Realty Ltd. 2105 W 38th Ave, Vancouver, B.C. V6M 1R8 | macrealty.com