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December 2023 Market Update

 

Vancouver real estate: Home sales rise as newly listed properties add to supply

The Real Estate Board of Greater Vancouver says home sales ticked up last month as the continued increase of newly listed properties has given prospective homebuyers in the region among the largest selection to choose from since 2021.

The board says November home sales totalled 1,702, a 4.7 per cent increase from the same month last year, though it marked a slowdown from the prior month of October. The total was 33 per cent below the 10-year seasonal average of 2,538 for November.

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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 December

The weather outside may be frightful, but at least the events around Vancouver are delightful!

Get your new month going with our list of 42 great events happening around the city in December. From the PNE Winter Fair to New Year’s Eve shindigs, Christmas lights, free ice skating, and more, there’s something for everyone!

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B.C. Real Estate News

MACDONALD REALTY

'Build more homes, faster,' says Trudeau - how land transactions, housing supply and project feasibility factor (Real Estate Magazine)

Comment: Short-term rental ban will cost hundreds of millions of dollars (Times Colonist)

LOWER MAINLAND

Home buyers spoiled for choice across Metro Vancouver and Fraser Valley, listings up year-over-year (CityNews Everywhere)

9 Best Places to Live in Your 30s, According to Real Estate Experts (Travel + Leisure)

VICTORIA AND VANCOUVER ISLAND

Mortgage rate drop looks likely this winter, while Victoria's housing market saw ups and downs in November (Citified.ca)

BRITISH COLUMBIA

B.C. seeing 'balanced' real estate market, association says (CTV News)

Pending federal tax reforms targeting Airbnb hosts encouraging, B.C. minister says (CTV News)

CANADA

'Haven't seen this since the '80s.': Canadian real estate lenders look to 2024 (Vancouver Is Awesome)

BMO sees higher cost savings ahead thanks to Bank of the West, cuts to real estate (Vancouver Is Awesome)

Posthaste: Buyer's market or Seller's? Find out how your city's real estate ranks (Financial Post)

Short-term rentals have 'significantly impacted' housing affordability: Desjardins (Times Colonist)

 
 

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