Posted on Dec 05, 2024

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December 2024 Monthly Market Update & November 2024 Market Statistics

Homebuyer Demand Continuing To

Strengthen Across Metro Vancouver

Residential sales in Greater Vancouver and the Fraser Valley last month both surpassed last year's totals, according to statistics published by Greater Vancouver Realtors (GVR) and the Fraser Valley Real Estate Board (FVREB) on Tuesday, providing some positive news as we reach the end of the year.A total of 2,166 homes sales were recorded in Greater Vancouver last month, a 27.6% increase over the 1,968 homes sales recorded in November 2023. In the Fraser Valley, home sales improved from 891 in November 2023 to 1,136 in November 2024, which represents a 27.5% increase.
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. 

2024 Christmas lights list/map: Help us compile a list of Metro Vancouver's brightest displays!

Shine on! It's that time of year where seasonal decor enthusiasts let their inner Clark Griswold shine. That's right, we're looking for the best and brightest Metro Vancouver Christmas light displays to include in our annual map.So help us compile our 2024 list of Christmas light displays in Vancouver, Surrey, White Rock, Langley, Delta, Burnaby, Coquitlam, North Vancouver, Maple Ridge, Port Moody, Abbotsford, New Westminster, Richmond... and beyond!READ MORE 

B.C. Real Estate News

LOWER MAINLAND

Vancouver home sales surged 28% in November (Canadian Mortgage Trends)Vancouver home sales jump in November as more new listings keep prices steady: board (Vancouver Sun)Vancouver condos to remain buyer's market in 2025 before "significant" price hikes (DailyHive)Burnaby housing prices a mixed bag for November (Burnaby Now)Fraser Valley home sales returning to seasonal norms in November after October surge (GlobeNewswire)South Surrey golf course eyed for redevelopment into housing (DailyHive)

VICTORIA AND VANCOUVER ISLAND

VREB: Optimism Showing in Victoria Real Estate Market (Business Examiner)

OKANAGAN

Housing Needs Report says Kelowna needs nearly 45,000 units by 2041 (Kelowna Now)Lake Country eyes 6.45% tax hike (Castanet Kamloops)

BRITISH COLUMBIA

B.C. property assessments show home values have stabilized after years of big gains (msn)New data sheds light on property flipping in B.C. (CTV News)Live near a transit hub and worried about higher property taxes? Read on (Vancouver Sun)Number of foreign buyers in B.C. dropping: Government (The Chilliwack Progress)

CANADA

Canada's housing market will see a "traditional spring surge" in 2025 (Real Estate Magazine)How Trump's tariffs could affect mortgage rates and the Home of the Week: Canadian real estate news for November 29 (The Globe and Mail)Everything You Need To Know About Canada's 2025 Housing Market (Nerd Wallet)
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