Macdonald Realty

A New Decade, A New Chapter!  What a year of ups and downs for Vancouver real estate in 2019! There were no shortage of negative news in the first 6 months.  It reminded me of year 1996 to 2000 (read my attached graph).   Coincidentally, NDP was in power during that time and that was a long downturn till we hit rock bottom in year 2000.  ...

Stats Centre Reports - August 2019 The latest Stats Centre Report for Metro Vancouver is now available. To view it, click here. To view the latest Stats Centre Report for Burnaby East, click here.To view the latest Stats Centre Report for Burnaby North, click here.To view the latest Stats Centre Report for Burnaby South, click here.

Metro Vancouver home sales decline below historical averages in 2018 Metro Vancouver home sales in 2018 were the lowest annual total in the region since 2000. The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 24,619 on the Multiple Listing Service® (MLS®) in 2018, a 31.6 per cent decrease from the 35,993 sales rec ...

Honey moon is over for Vancouver speculators. Now we enter "You Play, You Pay!" era.   Developers now needs to report all assignments to a website called Condo & Strata Assignment Integrity Register (CSAIR) and all info will be forward to Canada Revenue Agency (CRA).  This is the only tax legislation I agreed with the NDP government.  It makes sense and reasonable.   Take a look at the US re ...

While the locals blame the Chinese inflated the housing value.  Think twice!  Our governments (both previous and current) trying to get their voters vote.  All they do is to slap tax after tax without detail thought through process.  Now they successfully bring down 25% to 30% sales volume.  So, what does it means? more tax! Read article by clicking on the red link 谁应该责怪我们的 ...

Townhouse & Condo prices are trending downwards REBGV September 2018 market update video  

Tina Mak, Coldwell Banker Westburn Realty Real Estate Consultant was being interviewed by AM1320 CHMB - Mainstream Broadcasting Corp on the recent British Columbia Assessment report.  The percentage change in value between 2017 vs 2018 range from -2% to +40%.  The Cantonese News interview focus will be looking at the geographical diversity of the change: 1) Urban Centre vs Suburb  2) Cond ...

Condominium sales drive August activity Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 per cent increase from the 2,489 sales recorded in August 2016, and a 2.8 per cent increase compa ...