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Real Estate

CMHC reports annual pace of housing starts slowed in December

CMHC reports annual pace of housing starts slowed in December

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in December slowed five per cent compared with November.
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Average Vancouver development approval timeline now 15.2 months: CHBA

Average Vancouver development approval timeline now 15.2 months: CHBA

Vancouver ranks in the middle of the municipality pack on approval times, processes and costs
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Province announces 'one-stop shop' for homebuilding permits

Province announces 'one-stop shop' for homebuilding permits

B.C. Premier David Eby says the changes will help speed up provincial permitting approvals and home construction in the face of a housing crisis.
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Metro Vancouver industrial market remains tight as 2023 begins

Metro Vancouver industrial market remains tight as 2023 begins

No relief in sight as most space spoken for months ahead of completion
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CREA predicts 2023 home sales to edge down 0.5% from 2022 mark

OTTAWA — The Canadian Real Estate Association says it expects home sales this year to edge down 0.5 per cent compared with 2022. In its updated forecast for the year, it also says it expects the average home price to decline 5.
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Downtown Vancouver office vacancy rate eases slightly as demand moves to suburbs

Downtown Vancouver office vacancy rate eases slightly as demand moves to suburbs

Region’s office space market remains the tightest in North America
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How high will Surrey's property taxes go after McCallum's term?

How high will Surrey's property taxes go after McCallum's term?

Surrey Mayor Brenda Locke will need to deliver a tax increase in order to pay for substantial cost overruns made more clear by the City of Surrey following last October's municipal election.
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Banks vs. mortgage brokers: which is better for homebuyers?

Banks vs. mortgage brokers: which is better for homebuyers?

Mortgage brokers have the potential to offer a wider variety of rates, while banks have the advantage of an existing relationship that brings comfort to the homebuying process, says real estate advisor.
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Here is how renters can get information about Metro Vancouver landlords

Here is how renters can get information about Metro Vancouver landlords

Be prepared before you sign a lease.
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Home prices in Q4 down year-over-year, first decline since end of 2008: report

Home prices in Q4 down year-over-year, first decline since end of 2008: report

TORONTO — A report by Royal LePage says the median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis.
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