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Real Estate News

Metro Vancouver housing market still ‘vulnerable’ – for eighth straight quarter

Metro Vancouver housing market still ‘vulnerable’ – for eighth straight quarter

Metro Vancouver’s housing market has been assessed as “highly vulnerable” for the eighth consecutive quarter by the Canada Mortgage and Housing Corporation (CMHC).
Peak millennial home buyers see living spaces shrink 12% in year

Peak millennial home buyers see living spaces shrink 12% in year

The average home square footage that “peak millennials” – currently 25-to-32-year-olds – can afford to buy is typically 12 per cent smaller in Greater Vancouver than it was a year ago, according to a Royal LePage survey released April 26.
Construction labour shortage a massive barrier to B.C.’s new housing: experts

Construction labour shortage a massive barrier to B.C.’s new housing: experts

Even with good intentions, appropriate funding and expedited permitting processes, there simply aren’t enough construction tradespeople to build all the homes required to meet B.C.'s housing targets, according to a group of industry experts.
B.C. cracks down on condo-flip taxation, creates rental zoning tool

B.C. cracks down on condo-flip taxation, creates rental zoning tool

A crackdown on non-payment of taxes on presale condo flips is one of three new housing measures announced by the finance minister April 24.
Uptown New West tops list of region’s real estate investment hot spots

Uptown New West tops list of region’s real estate investment hot spots

Uptown New Westminster has been named the region's hottest areas to invest in residential real estate, according to financial website MoneySense.
Judge backs buyer reneging on $6.5M purchase over land restrictions

Judge backs buyer reneging on $6.5M purchase over land restrictions

A BC Supreme Court judge has concluded a buyer who backed out of a deal to buy a $6.5 million mansion in West Vancouver was entitled to do so because a British Pacific Properties restrictive covenant significantly impacted potential uses.
Ultra-luxe home on private peninsula listed for $24.9M (PHOTOS)

Ultra-luxe home on private peninsula listed for $24.9M (PHOTOS)

If living on your own island seems idyllic but a bit inconvenient, perhaps the perfect compromise would be your own peninsula, surrounded by private beaches and rocky shoreline.
Rise or fall of home prices largely linked to purchasing power: analyst

Rise or fall of home prices largely linked to purchasing power: analyst

Whether the region’s home prices are rising or falling is significantly to do with buyers’ spending power – more so than foreign buyers or market speculation, according to the lead data analyst for Vancouver real estate firm the Rennie Group.
Province to regulate the real estate regulators

Province to regulate the real estate regulators

The B.C. government is launching a review of the province’s two key real estate regulatory groups, in order to "make sure that British Columbians are effectively protected," finance minister Carole James announced April 18.
$1.9 billion expected for provincewide rental housing

$1.9 billion expected for provincewide rental housing

Rental units intended to help families, and low and middle-income seniors