January Monthly Market Update & December Statistics

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January 2022 Market Update

BC Assessment’s are live, check your property assessment now.

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.

10 New Year’s resolutions to make your home run smoothly in 2022

As we’re still spending much more time at home due to the pandemic, many of us are trying to reorganise our space to suit our needs. And now Christmas has passed, it’s an ideal time to get your house back in order – once the tree and decorations are down, of course.

B.C. Real Estate News

BRITISH COLUMBIA

Canada’s real estate sector expected to rebound with economy in 2022 (Western Investor)

The great affordability squeeze? Home buyers confront rising ownership costs (RBC Economics)

B.C.’s homeowner grant threshold raised as property values increase (CTV News)

Real estate Q&A: Expert highlights trends in latest B.C. property value assessments (CTV News)

LOWER MAINLAND

Home sales in Metro Vancouver reached record high in 2021, latest real estate report says (CTV News)

The pandemic push: Home sales hit an all-time high in Metro Vancouver in 2021 (Vancouver Sun)

Vancouver real estate inventory hits 30 Year low as prices soar, and sellers pull back (Better Dwelling)

Vancouver realty report lists 3 market realities for 2022: “cost of housing is never going to come down” (Straight)

Burnaby home sales – and prices – part of record-shattering year in real estate (Burnaby Now)

Burnaby houses soar in value by a staggering 19% in latest assessments (Burnaby Now)

WHISTLER & SQUAMISH

Positives and negatives of owning property in Whistler (Slosh Spot)

Whistler property assessment values spiked last year, not expected to slow anytime soon (Pique News Magazine)

Squamish home values increase by 29% to 35% (The Squamish Chief)

Developer application spurs Squamish’s North Crumpit neighbourhood planning (The Squamish Chief)

VICTORIA & VANCOUVER ISLAND

2021 a banner year for real estate in Greater Victoria (Vancouver Island Free Daily)

Greater Victoria real estate sales nearly hit record in 2021 despite low inventory (Times Colonist)

SVancouver Island assessment values soar on 2022 property roll (Times Colonist)

Property assessments up more than 40 percent in some Vancouver Island communities (Peninsula News Review)

OKANAGAN

Property assessment values soar across the Okanagan in 2022 (Global News)

2021 record year for Okanagan real estate sales (infotel)

Kelowna is one of the most unaffordable cities in Canada and looking for ways to change (infotel)

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