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February 2024 Market Update

 

B.C. property assessments show home values have stabilized after years of big gains

The assessed value of properties in B.C. has stabilized on average, with some outliers such as Lytton, Haida Gwaii and Tumbler Ridge recording big jumps in worth.

According to statements released Tuesday by the B.C. Assessment Authority, property values as of July 1, 2023, changed on average between minus 10 per cent and plus five per cent.

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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. For more up-to-date market information please visit macrealty.com/blog.

 

Abbotsford

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Cloverdale

Coquitlam

Greater Victoria

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Okanagan

North Surrey

North Vancouver

Parksville / Qualicum

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

Saanich Peninsula

South Okanagan

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Vancouver Island

Victoria Core

Westshore

West Vancouver

Whistler

More than 40 fun and fantastic things to do in Vancouver in February

A brand-new month means new events to discover in Vancouver!

Fill your February with these 48 things to do around the city and beyond, including FAN EXPO Vancouver, Black History Month, and Valentine’s Day activities.

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B.C. Real Estate News

LOWER MAINLAND

Vancouver home sales rise in January as demand outpaces newly listed properties (Toronto Star)

Greater Vancouver Real Estate Market Off To "Strong" Start In 2024 (Storeys)

Metro Vancouver 'toughest' rental market in Canada, says CMHC (Business in Vancouver)

Signs of stability in Fraser Valley housing market (Financial Post)

VICTORIA AND VANCOUVER ISLAND

Real estate sales up from last year's 'very low numbers' (Times Colonist)

Rental squeeze tighter in Vancouver, Victoria despite growing supply: CMHC (Vancouver Island Free Daily)

OKANAGAN

Sales and prices up in Kamloops, Okanagan real estate markets (iNFOnews)

Spring real estate trends arrive early as number of home sales jump in January (Castanet)

BRITISH COLUMBIA

British Columbia's population to reach nearly 8 million by 2046: forecast (DailyHive)

CANADA

Federal government extends foreign buyer ban on Canadian homes to 2027 (Vancouver Sun)

Metro Vancouver Presale Market Will Likely See 'Marked Improvement' In 2024 (Storeys)

"Buyers Aren't Rushing": Luxury Home Sales Slip In Toronto, Montreal, Surge In Vancouver, Calgary (Storeys)

 
 

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©2024 Macdonald Realty Ltd. 2105 W 38th Ave, Vancouver, B.C. V6M 1R8