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Recent Blog Entries

Home sales lose brief momentum

FOR IMMEDIATE RELEASE: August 4, 2026
– VANCOUVER, BC –

Home sales registered on the MLS® in Metro Vancouver* fell nearly ten per cent relative to July last year, erasing the ten percent gain seen in June that kicked off the summer.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,061 in July 2026, a 9.8 p...

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Improving affordability continues to outpace buyer demand

For Immediate Release: August 5, 2026
– SURREY, BC –

Fraser Valley home prices continued to edge downward in July, with the composite Benchmark price down 0.8 per cent from June and down seven per cent year-over-year. Despite improving affordability, buyers remained cautious, keeping sales well below typical seasonal levels.

The Fraser Valley Real Es...

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Bank of Canada maintains the policy rate at 2¼%

FOR IMMEDIATE RELEASE

Media Relations Ottawa, Ontario
July 15, 2026

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease gradually from its recent spike. There are still...

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Get In Touch

Richard Alexander

Macdonald Realty

201-5501 Kingsway   Burnaby,  BC  V5H 2G3 

Mobile: (778) 389-2164

Phone: (604) 437-1123

rick@rickalex.ca