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Real Estate News

New immigrants spending 54% more on Metro Vancouver houses than locals: study

New immigrants spending 54% more on Metro Vancouver houses than locals: study

Average assessed value of immigrant-owned homes higher than those owned by Canadian-born residents, finds Statistics Canada
Regulatory overkill cited as housing outlook goes negative

Regulatory overkill cited as housing outlook goes negative

“Combined effect of tighter mortgage guidelines and higher interest rates has been larger than previously estimated,” says Bank of Canada
New Westminster aims to protect rental housing on 18 sites

New Westminster aims to protect rental housing on 18 sites

New Westminster is the first city in British Columbia to apply new rental residential tenure zoning to existing rental housing stock – much to the delight of tenants’ advocates and the disappointment of the development community.
Metro Vancouver office vacancy drops to lowest level since 2008

Metro Vancouver office vacancy drops to lowest level since 2008

The region's office market has long made headlines for scant office availability, but is now even tighter
West Van calls to scrap added school tax

West Van calls to scrap added school tax

District of West Vancouver council is formally asking the province to scrap the additional school tax on homes assessed above $3 million and to curtail the speculation and vacancy tax. The school tax, which adds an additional 0.
Metro Vancouver housing affordability still deteriorating: National Bank

Metro Vancouver housing affordability still deteriorating: National Bank

Despite market slowdown and even in detached sector, ownership cost vs income is getting worse, finds nationwide study
Sprawling, resort-style estate relisted for $16.78 million (PHOTOS)

Sprawling, resort-style estate relisted for $16.78 million (PHOTOS)

Massive 19-acre property in Richmond back on market for only $20K below previous price, despite not selling in 2018
Why is Belcarra not excluded from the speculation tax? mayor asks MLA

Why is Belcarra not excluded from the speculation tax? mayor asks MLA

Neil Belenkie says he's hearing from a wave of village residents who may be forced to rent out or sell because of the new provincial tax.

Feds’ mortgage policies ‘deny homeownership’ to young Canadians: report

Measures such as mortgage stress test are “at cross purposes” with federal promises to support the middle class, asserts Mortgage Professionals of Canada
Multi-family rental market booms as demand chases short supply

Multi-family rental market booms as demand chases short supply

Nearly $3 billion of Metro Vancouver purpose-built rental properties exchanged hands last year, finds report