header

 

 

March 2017

 
 

Downsizers cash in – driving the upscale condo market

The recent surge in house prices and unexpected gains in home equity are giving baby boomers in some urban areas of Canada the advantage, allowing them to upgrade their lifestyles, instead of making do with less.

After 39 years, Roger and Joan Eastwood sold their four-bedroom North Vancouver home last summer and purchased a 1,070-square-foot condo in the same area for $600,000.

 
 

Monthly Local Market Update

Spring is upon us. How are things progressing in your local real estate market?

Just click the city name below for our monthly infographic breakdown of key market data for houses, townhomes and condos.

 

Abbotsford

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Cloverdale

Coquitlam

Kelowna

Ladner

Langley

Maple Ridge

Nanaimo

Mission

New Westminster

North Delta

North Surrey

North Vancouver

Osoyoos

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

Flooring trends for 2017: Floorboards are becoming statement pieces

Nearly a quarter of homeowners are upping their budget this year for at least one area of their property – and flooring is leading the way.

Floorboard specialists Ecora say this year will be one of the most "dynamic times" for flooring, with homeowners becoming more creative and seeking originality in flooring, which is becoming a statement piece in its own right

Here are the best choices in terms of creativity and style.

 

B.C. Real Estate News

LOWER MAINLAND

Short supply, bad weather dampen February home sales in Vancouver: REBGV (BIV)

Homes under $1 million in Vancouver are virtually extinct (Global News)

Vancouver mayor hints at future of mixed housing in single family neighbourhoods (CBC News)

Fewer listing, higher prices in housing market (Surrey Leader)

SQUAMISH, WHISTLER & THE SUNSHINE COAST

Squamish named top BC city to work in 2017 (Daily Hive)

VICTORIA & VANCOUVER ISLAND

Greater Victoria real estate prices inflate to all-time highs (Chek)

Victoria real estate sees influx of offshore buyers – from Vancouver (Globe and Mail)

OKANAGAN

Kelowna Mountain is now up for sale with brokers from Macdonald Realty Kelowna (Kelowna Now)

Which Kelowna area has the highest and lowest house prices? (Kelowna Now)

 
 

This communication is not intended to cause or induce breach of an existing agency agreement.

**Should you no longer wish to receive this communication, please reply to this email with "Unsubscribe" in the subject line.

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