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November 2022 Market Update

 

What British Columbians can expect after the interest rate hike

The Bank of Canada's interest rate hike Wednesday was less than many economists had predicted, which one economist said may indicate the rate is close to peaking, but that doesn't mean the sting won't still be felt by Canadians.

Many experts had predicted a jump of 75 basis points, but Canada's central bank instead boosted its target for the overnight rate 50 basis points, to 3.75 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

Gulf Islands

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

10 Great Things to do in Vancouver in November 2022

There are plenty of things to do in Vancouver in November, especially as most venues and activities are planning for full opening. While Fall is in full swing, November is an in-between stage. The October events are over and the things to do in Vancouver in December have not started.

Whether you are a local or planning a visit to Vancouver, this post will give you your fill of what to do in Vancouver in November. I suspect you will be surprised at all that the city has to offer in what is considered the off season for tourists and the middle of fall for locals.

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B.C. Real Estate News

BRITISH COLUMBIA

Canada's Recent Real Estate Buyers Weren't Stress Tested For Mortgages Rates This High (Better Dwelling)

Housing market downturn deepens in B.C. (Business in Vancouver)

LOWER MAINLAND

Home sales in Vancouver area continue downward trend, real estate board says (CBC)

439 rental units, 2 towers proposed near Oakridge mall (CTV News)

Vancouver home sales down 46% from last year, 13% from September: board (CTV News)

Vancouver home sale at $1 million less than assessed value was too good to be true (Vancouver Sun)

Metro investors cooling on region's commercial strata (Business in Vancouver)

VICTORIA & VANCOUVER ISLAND

For first time in months, Greater Victoria real estate sales have gone up (Times Colonist)

Island real estate market cooling off, but prices might be plateauing (CTV News)

OKANAGAN

Report: Penticton a top city in Western Canada for real estate investors in 2023 (Castanet)

 
 

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