March 2015 Market Update

March 2015        English   |    中文（简体） Macdonald Realty Luxury Homes, Spring 2015 digital edition The latest edition of our magazine presents many of Macdonald Realty's finest listings in what is traditionally the most active season of the year. While flipping through, watch out for the new feature pages; we are pleased to highlight local artists and designers, and also cast our spotlight on a sampling of exceptional British Columbia wines. Please click the cover above to enjoy this edition - and feel free to call or email if you have any questions or comments. February Market Review Do you wondering how last month's market activity compares with this same time last year? Click the link below to our market statistic infographics where we break it down to even the neighbourhood level. If you have questions about the status of the current market, please do not hesitate to ask me. Abbotsford   Burnaby Bowen Island   Gulf Islands Cloverdale   Coquitlam Ladner   Langley Maple Ridge   Mission New Westminster   North Delta North Surrey   North Vancouver Pitt Meadows   Port Coquitlam Port Moody   Richmond South Surrey/White Rock   Squamish Surrey   Tsawwassen Vancouver Downtown   Vancouver East Vancouver West   West Vancouver Whistler   Victoria Kelowna   Penticton Osoyoos   Oliver Metro Vancouver real estate bidding wars spreading to suburbs Falling interest rates and declining inventory are driving sales, say experts. According to Greater Vancouver Real Estate Board president Ray Harris, there were 14 per cent fewer properties listed for sale across the region this past January when compared with January 2014. "This is creating greater competition amongst buyers, particularly in the detached home market. The number of detached homes listed for sale today is the second lowest we've seen in four years," said Harris. Read more... (CBC News) Vancouver firm offers a one-stop real estate shop for Chinese investors in B.C. When Vancouver-based Macdonald Realty dispatched Dan Scarrow, the agency's vice-president of corporate strategy, to China last March to investigate the feasibility of launching a branch office in Shanghai, the assignment was initially only going to be for four months. A year later, Scarrow, a second-generation Chinese Canadian who is fluent in Mandarin, is still there. The Vancouver Sun reached Scarrow in Shanghai by phone last week to discuss his progress, objectives and challenges in building a bridge for residential and commercial real estate investment between China and British Columbia as the new managing director of Macdonald's Canadian Real Estate Investment Centre in Shanghai. Read more... (MacBlog)       Market News With deep ties, B.C., Alberta adjust to a new real estate reality (The Globe and Mail) Is it time to sell your U.S. snowbird property? (The Globe and Mail) Lower Mainland News It's Cinderella time for North Vancouver as house prices shoot up (The Globe and Mail) In Vancouver, wealthy home buyers want it all - right down to the cutlery (The Globe and Mail) Vancouver housing prices rise, but folks keep on buying (Barbara Yaffe for The Vancouver Sun) Victoria & Vancouver Island News Victoria's Bay Centre sold (BIV) Island real-estate sales slump but prices holding (Oceanside Star) Greater Victoria's February real estate sales blossom forth (Times Colonist) February sales reflect strong, balanced market conditions (Campbell River Mirror) Okanagan News Oilpatch downturn slows Okanagan real estate market (The Province) Chinese investors target hotels, wineries, mineral water in British Columbia (South China Morning Post) *This communication is not intended to cause or induce breach of an existing agency agreement. *Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission to prior sale or lease, change in price or terms, and withdrawal without notice. **Should you not wish to receive this communication, please reply to this email with "Please Unsubscribe" in the subject line. ©2015 Macdonald Real Estate Group     Send Page as Email