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March 2019 Market Update

Macdonald Real Estate Group appoints Dan Scarrow as president

Macdonald Real Estate Group in Vancouver, parent company of Macdonald Realty, Macdonald Commercial, Macdonald Property Management and Platinum Project Marketing, has appointed Dan Scarrow as president. He replaces Lynn Hsu, who will remain as chairwoman and CEO.

"Dan has demonstrated strong leadership and business acumen, both in our operations in Canada and our successful office in Shanghai, China," says Hsu. "Many of Dan's strategic decisions over the past 10 years have been instrumental in getting us to where we are today."

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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

B.C. home sales to creep back up over next two years: BCREA

Home sales in B.C. are likely to rise slightly this year, and more in 2020, according to a forecast released February 25 by the B.C. Real Estate Association (BCREA).

The association said it expects residential sales in the province to rise two per cent to 80,000 units this year. This follows a slow 2018 in which 78,345 homes traded hands on B.C.'s MLS®, which was 24.9 per cent lower than in 2017.

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B.C. Real Estate News

LOWER MAINLAND

Metro Vancouver homebuyers hold the power in current market, according to latest report (Vancouver Sun)

Metro Vancouver home values to drop this year, but recover in 2021: poll (Vancouver Courier)

Lower Mainland real estate cooldown continues as sales drop 42% below 10-year average (Global News)

VICTORIA & VANCOUVER ISLAND

Greater Victoria real estate sales slide, prices slip as stress test cools market (Times Colonist)

Victoria home sales drop while inventory rises (Vancouver Island News)

SQUAMISH & WHISTLER

Metro Vancouver home sales down on annual basis, but up from January (Burnaby Now)

OKANAGAN

Residential sales in Okanagan fizzle (Vernon Morning Star)

 
 

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