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February 2018

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B.C. homeowner grant threshold raised by $50K following assessment values

The provincial government will be raising the threshold for the homeowner grant by $50,000 following the release of the annual property assessments.

The change means that anyone with a property assessed at $1.65-million or less can qualify for the basic homeowner grant of $570 if it’s the owner’s principal residence.

The break on property taxes increases to $845 if the homeowner is 65 or older, or has a disability.

 
 

Monthly Local Market Update

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 for cities across B.C.

 

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

11 Most Genius Organizers on Amazon Right Now

What if we told you there's a magical place where, at the touch of a button, your home would be the most organized it's ever been. Well, it exists and it's called Amazon.

Prepare yourself: You're going to want to buy all of them.

 

B.C. Real Estate News

LOWER MAINLAND

Housing price increases in Fraser Valley outpace Vancouver (CBC News)

Vancouver realtors say strong condo demand persists despite stricter mortgage rules and interest rate hikes (BuzzBuzzNews)

Project flow picks up in Vancouver condo pipeline (Business in Vancouver)

Port Moody real estate development on fire (Vancouver Courier)

VICTORIA & VANCOUVER ISLAND

Victoria ranked in top 5 millennial hot spots in Canada (Chek)

Greater Victoria set record for housing starts in 2017: report (CTV News)

Lack of supply dictating Nanaimo real estate market: VIREB (Nanaimo News)

WHISTLER & SUNSHINE COAST

Sea to Sky spillover (Pique)

Powell River: Spearheading a development boom on the Sunshine Coast (Western Investor)

OKANAGAN

The Okanagan has two new 'million dollar' neighbourhoods (Kelowna Now)

Hot 2017 Central Okanagan real estate market predicted to cool this year (Global News)

Real estate records broken in Penticton (Castanet)

 
 

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