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February 2020 Market Update

 

2019 saw British Columbia home sales, prices dip: BC Real Estate Association

Home sales across British Columbia dropped by 1.5 per cent in 2019, according to the BC Real Estate Association.

The agency said the average price of a home province-wide was $700,460, down 1.6 per cent from 2018, though that dip was a result of price drops in three key regions.

The agency said the market was trending upwards in the back half of the year, potentially setting the table for sales and prices to rise again this year.

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Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single-family homes in cities across BC.

 

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

The Everything Guide to Getting Organized

In an age of prioritized self-care, Marie Kondo swooped in with her decluttering philosophy and taught us that an organized space is inherently tied to our happiness. But is there really a science to the KonMari trend?

“Studies have shown that clutter and unfinished home projects are correlated with increased cortisol levels—the hormone responsible for stress,” shares Robert Grigore, a registered clinical counsellor and certified EMDR therapist who practises in Vancouver. “A home needs to provide us with a feeling of safety or security.”

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B.C. Real Estate News

BRITISH COLUMBIA

Canada’s First-Time Home Buyer Incentive Receives Cold Reception (Better Dwelling)

90% of first-time B.C. homebuyers get help from bank of mom and dad: survey (CTV News)

Property Watch: B.C. rental construction is on the rise (BC Business)

LOWER MAINLAND

Metro Vancouver’s residential real estate prices continue to creep up (Vancouver Courier)

Tri-Cities wrestle with surging real estate demand (Western Invest)

Detached-home market recovery may be slower than predicted: analyst (Western Investor)

Chilliwack population growth among the fastest in B.C. (The Chilliwack Progress)

Coquitlam land swapped for low-cost housing (Tri City News)

Metro Vancouver residential land market shows signs of life (Western Investor)

WHISTLER & SQUAMISH

Squamish's population estimate dips in 2019: Stats Can (The Squamish Chief)

Redevelopment proposed for Hunter Place in Squamish (The Squamish Chief)

Proposed Squamish ski resort to ask for environmental extension (Vancouver Sun)

VICTORIA & VANCOUVER ISLAND

Nanaimo a pivot city for Vancouver Island growth (Western Investor)

Victoria Council endorses proposed senior housing development (Victoria Advocate)

Greater Victoria real estate prices continue rise as number of listings tumble (Times Colonist)

OKANAGAN

Economist sees positive outlook for Kelowna’s economy (Kelowna Capital News)

Kelowna named 5th best city to work by BC Business survey (Kelowna Capital News)

 
 

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