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Real Estate News

New Westminster moves forward with project on La Rustica site

New Westminster moves forward with project on La Rustica site

New Westminster city council supports a proposed development on the former La Rustica restaurant site even though some area residents have little appetite for what’s being proposed. The city has received an application to rezone 228 and 232 Sixth St.
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New West council rejects rowhouse proposal on Royal Avenue

New West council rejects rowhouse proposal on Royal Avenue

New Westminster city council is sending a proposed rowhouse development on Royal Avenue back to the drawing board. On Monday night, council considered a rezoning application for 118 Royal Ave.
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Buyers, be warned: fixed mortgage rates going up at Big Banks

Buyers, be warned: fixed mortgage rates going up at Big Banks

CIBC announced Tuesday (May 1) that it would be following TD Bank and RBC’s recent moves in raising its fixed mortgage rates, with a 15 basis-point increase taking its five-year fixed rate to 5.14 per cent.
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Opinion: What will Amazon’s 3,000 new jobs do to our housing crisis?

Opinion: What will Amazon’s 3,000 new jobs do to our housing crisis?

Yesterday’s revelation that Amazon will be bringing 3,000 new jobs to Vancouver and setting up home in the redeveloped Canada Post building in downtown Vancouver was heralded by Prime Minister Justin Trudeau as great news for the region, and a boon t
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Home prices are not really dropping: Desjardins

Home prices are not really dropping: Desjardins

Average (but not benchmark) home prices have seen a recent decline in Metro Vancouver, the Greater Toronto Area and various other regions across Canada – a fact that is cheered by many hoping for better affordability.
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First-timers plagued by fears over home-buying process

First-timers plagued by fears over home-buying process

More than seven in 10 Canadian first-time home buyers (71 per cent) are afraid that they’ll be hit by unanticipated costs during the process, according to a new survey by TD Bank.
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Micro co-op design wins ‘missing middle’ housing competition

Micro co-op design wins ‘missing middle’ housing competition

Vancouver- and Richmond-based architectural firm Haeccity Studio has won an open design competition seeking innovations to improve the supply of “missing middle” housing in Metro Vancouver.
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New Westminster considers impacts of Queen’s Park heritage conservation area

New Westminster considers impacts of Queen’s Park heritage conservation area

The Queen’s Park heritage conservation area is impacting values of some properties in the neighbourhood – but the city is confident action can be taken to minimize the effects on most property owners.
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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).
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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.
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