Monthly Market Update - September 2021

September 2021 Market Update

 
Happy September!
The end of summer always brings a touch of melancholy as September routines and responsibilities settle in until summer delights return once again the next year. For many of us, September is a mini New Year, especially for those of us who are teachers or who have school-aged children or book clubs, bridge clubs, church groups or various other hobbies that enjoy a summer hiatus. So many things begin anew. It's an exciting time as we anticipate the new experiences ahead. It can be the perfect time to take on new challenges or reset our goals. Balance Group utilizes this time to evaluate our goals and services so we can continue to better serve you. 

Our society is certainly experiencing a tumultuous time. Sadly, differing opinions have incited a lot of angst. As Realtors, differing opinions are usual in our lives. While on a much smaller scale, at the time they arise, these differences are extremely important when negotiating an acceptable contract of purchase and sale between a buyer and seller. They can trigger emotions and opinions unexpectedly. Sellers and Buyers always have different opinions especially when it comes to a home's value. One of our skills is to assist our clients to work through the differences and bring both sides to a mutual agreement.

 
Photos from top left: (1) Cécile viewing a unit with our client that has a stunning view and outdoor space (2) Sunset from the beach in front of Killarney Manor, Kitsilano (3) Creative decorations at a home in Lions Gate Village (4) Cécile and her family going on a plane for the first time in over two years (5) Jenny and her daughter Maya on the windy ferry (6) Jenny’s daughter Ellie on a hike at Lake Cowichan (7) Cécile's son Abel on a sailing camp at Kitsilano Yacht Club (8) beautiful laundry room in new construction in Kerrisdale - definitely hard to find!

Hope your September is off to a great start!

Allyson, Cécile and Jenny

p.s. Please remember to vote so you can voice your opinion.

 

BCREA: 2021 Housing Forecast Update

The British Columbia Real Estate Association (BCREA) released its 2021 Third Quarter Housing Forecast Update.

Multiple Listing Service (MLS) residential sales in the province are forecast to rise 26 per cent to 118,350 units this year, after recording 94,007 sales in 2020. In 2022, MLS®residential sales are forecast to pull back 15 per cent to 100,150 units.

READ MORE

 

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

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Surrey

North Vancouver

Parksville

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

South Okanagan

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Victoria

Vernon

West Vancouver

Whistler

14 Tips for Bringing Plants Inside and Caring for Them Through Winter

Even indoor plants can sometimes have a tough time surviving the winter. Fortunately, there's a lot you can do to help your house plants make it through the winter in the best of health. Here's what to keep in mind.

READ MORE

 
 

B.C. Real Estate News

BRITISH COLUMBIA

Central 1: Caution as pandemic shifts towards greater normalization (Business Examiner)

Truth Tracker: Will the Liberal plan to ban blind bidding make homes more affordable, and can they even pull it off? (CTV News)

Forecast: B.C. home prices soar as supply falls (BIV)

7 things the fall housing market could have in store for buyers in B.C. (The Squamish Chief)

LOWER MAINLAND

Metro Vancouver home sales rise, listings fall (City News 1130)

Pace of home sales slowed in August, but prices still increasing: Vancouver board (Niagara Falls Review)

Demand for Fraser Valley homes continues to soar: FVRB (Vancouver Sun)

Fewer real estate listings, sales in Richmond last month (Richmond News)

Metro Vancouver is made for commercial real estate (Burnaby Now)

New housing data show a sluggish turnover rate (The Globe and Mail)

Metro Vancouver condo developers pivot to rentals (BIV)

WHISTLER & SQUAMISH

What is eco-design, and how is Squamish doing with it? (The Squamish Chief)

VICTORIA & VANCOUVER ISLAND

Historically low inventory fuelling real estate price hikes across Vancouver Island (My Cowichan Valley Now)

Lack of housing supply drives up prices, slows sales in August (Times Colonist)

Multi-building proposal pitched for Capital Iron area; could include a new art gallery (Times Colonist)

OKANAGAN

City of Kelowna selling two 'gateway' properties on Harvey Avenue for $11M (Glowbal News)

Kelowna council rejects 36-storey tower proposal for downtown (The Daily Courier)

Tiny homes get big boost in housing-starved Kelowna (BCB News)

Housing sales boom in Okanagan surges ahead (Kelowna Capital News)

 
 

This communication is not intended to cause or induce breach of an existing agency agreement.

**Should you no longer wish to receive this communication, please reply to this email with "Unsubscribe" in the subject line.

©2021 Macdonald Realty Ltd. 2105 W 38th Ave, Vancouver, B.C. V6M 1R8 | macrealty.com

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.