Real Estate News

Real estate, construction and related financial and insurance industries are together responsible for more than 20 per cent of Canada’s GDP in 2017, according to a quarterly report released by Statistics Canada March 2. Here in B.C.

In a month that usually starts picking up in terms of sales activity ahead of the spring market, detached home sales in Metro Vancouver saw a considerable slump in February, according to the latest statistics. Detached sales were down 39.

Properties with four or more rental units will be exempt from the new school tax announced in B.C. Budget 2018

More than 80 per cent of British Columbians agree that the new speculation tax and the expanded foreign buyer tax are “good” or “very good” moves by the NDP, according to a new poll.

New Westminster city council will entertain a proposal for a mixed use project on Carnarvon Street at an upcoming public hearing.

Holding hundreds of acres of industrial and residential sites, First Nations are now key players in Metro Vancouver and Fraser Valley growth

Industry concern cited while commercial agents call for separation from residential

Foreign buyers now need to go through additional income verification when applying for mortgage

Those of us who keep a close eye on the B.C. real estate industry and housing policy were widely anticipating a speculation tax to be introduced in last week’s B.C. Budget, as it had been heavily hinted at by the NDP in advance of the announcement.

A short-lived and little-used loan program for first-time homebuyers in B.C. is coming to an end. Applications under the B.C. Home Owner Mortgage and Equity Partnership will be accepted until the end of March.