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Goran Bucan broker and developer Keltic closes on $150M Burnaby land deal
The site: A 1.8-acre land assembly in Burnaby's Metrotown sold November 30 for more than $100 million. | Google Earth
Vancouver’s the top market for investment in Western Canada
Multifamily, industrial lending poised to grow in 2023
0.165 acres retail in North Vancouver sells for $5.3 Million
The modern, prime two-storey package, on 0.16 acres in Edgemont Village, traded at $5.3 million in a deal closing November 30.
2.29 acres industrial land in Surrey sells for $15.34 Million
Industrial land was listed as the market began to shift downward, agents say, which caused a mid-launch strategy adjustment to a successful sale at $6.7 million per acre in the Port Kells area of Surrey, B.C.
0.87 acres multi-family rental in Kitsilano sells for $35.25 Million
The updated, well maintained 56-year multi-family property is close to Vancouver's Kits Beach on a 0.87-acre lot.
Tech tenants are responsible for 81% of all subleases available on the market in downtown Vancouver
Some tech companies are taking a cue from their work-from-home staff and switching downtown costs for the savings and flexibility on the edge of town
3 retail units in Vancouver sells for $3.7 Million
The East Village parcel has three retail units, and the land offers development potential in an up-trending community.
2 units of strata office in Cloverdale sells for $1.03 Million
Sale price of $1.03 million nets fully renovated corner office strata in Pacific Business Park, Cloverdale area of Surrey, B.C.
David Eby's introduce two pieces of legislation to boost housing supply
On his first day in the B.C. legislature as premier, Eby's housing minister tabled the two bills.
B.C.’s propose housing supply act would come into effect through regulations in mid-2023
New scheme would turn all condos into rentals and subject the owners to provincial and Vancouver 'empty home' taxes if not rented
1.2-acre residential development site in East Vancouver sold in October for $23.8 Million
Even as B.C. home prices decline, Metro Vancouver and Vancouver Island developers appear willing to pay millions of dollars per acre for residential assemblies
1,630 square feet industrial strata in Port Coquitlam sells for $1.242 Million
The 1,630-square-foot unit attracted multiple offers and sold for $1.24 million on October 31, 2022
B.C.'s residential real estate market, as sales slump, active listings plateau and average prices dip
The BC Real Estate Association's October report shows a 45.5 per cent decline in the number of sales, a 47.2 per cent drop in sales volume and a 3.1 per cent decline in average price compared to the same time last year.
Sales activity remains slow across the province and inventories appear to be plateauing | BCREA
The steepest sales decline occurred in Chilliwack (61%), followed by the Fraser Valley, where sales dipped 54%. Greater Vancouver saw residential sales drop by nearly 46%.
Owners of Vancouver-area homes with a median value of $3.7 million pay income taxes of just $15,800
Their research builds on peer-reviewed work by former Simon Fraser University prof. Josh Gordon, who found that home prices in Metro Vancouver began "decoupling" from local incomes between 2011 and 2016, in part due to increasing foreign ownership. Gordon's fi…
10 multi-family rental in Kerrisdale sells for $4.08 million
Apartment building in the heart of Vancouver's Kerrisdale sold unconditionally for $408,000 per suite at a 2.35 per cent capitalization rate.
Residential real estate values across B.C. have been falling since March 2022
These rates are adopted by commercial lenders so the monthly cost of servicing a mortgage goes up so buyers can afford less house. This also comes as potential buyers face other increased costs, like food and gasoline.
Metro Vancouver cap rates are rising for the first time in nearly a decade
"With flight-to-quality being the narrative for most office requirements, triple-A and A-class buildings appear to be outperforming the market and rental rates are holding steady," Kiselbach said.
Return to work levels for Vancouver overall remain above the country-wide average
We know some of the reasons why Vancouver has done so well: Vancouver benefits from a more favorable year round climate and a more robust outdoor economy and lifestyle than in other parts of Canada and so we were less affected by the impacts of COVID-19 than o…
24,209 sqft. office retail in Parksville sells for $4.5 million
The Vancouver Island office-retail complex includes two buildings, 10 tenants including Shopper's Drug Mart and professionals, and a 65-stall parking lot in downtown Parksville.
Metro Vancouver housing market continue to trend well below historical averages in October
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 per cent decrease from the 3,494 sales recorded in October 2021, and a 12.8 per cent increase from the 1,687 homes sold …
REBGV reports that October residential home sales were down to 45.5 percent
In total, 9,852 homes are for sale across Greater Vancouver, a 22.6 per cent increase compared to the end of October 2021 and a 1.2 per cent decrease from September 2022.
Three of the five largest industrial developments underway in the Metro region
The strata space is touted to allow businesses to acquire workspace and enjoy the benefits of real estate appreciation combined with a set monthly mortgage cost, rather than being exposed to rising lease rates.
Vancouver residents are spending less than 30% on shelter costs
Renters most likely to spend more than 30 per cent of income on shelter
0.44 acres multi-family rental in White Rock sells for $8.5 Million
Built in 1976 on a 19,395-square-foot lot, the four-storey apartment building sold at $288,710 per door at a 3 per cent capitalization rate.
Housing starts in Metro Vancouver decline 23% in the first half of 2022 compared in 2021
Condo starts, in comparison, have fallen 36 per cent so far in 2022 from a year earlier
6.56 acres manufactured home park in Sicamous sells for $3.35 Million
The park is on 6.56 acres and close to two lakes in the Okanagan, about a 4.5-hour drive from Vancouver.
4,176 square feet multi-family rental in North Vancouver sells for $2.56 Million
Small townhouse rental complex near central Lonsdale Avenue has development potential under OCP approval for higher density
Vancouver’s luxury real estate market seeing balanced conditions after an era of “pandemic over-exuberance”
After two years of 'over-exuberance,' the luxury market is seeing a slow down that represents a return back to normal
Vancouver elects first Chinese-Canadian mayor
Ken Sim, a novice politician, is the first Chinese-Canadian elected as mayor of Vancouver.
Building List Count by City
- Abbotsford - 447
- Agassiz - 28
- Burnaby - 55
- Burnaby East - 77
- Burnaby North - 365
- Burnaby South - 343
- Campbell River - 1
- Chilliwack - 221
- Cloverdale - 193
- Comox Valley - 10
- Coquitlam - 563
- Delta - 10
- Duncan - 41
- Esquimalt - 59
- Gulf Islands - 6
- Harrison Hot Springs - 13
- Harrison Mills - 1
- Hope - 22
- Ladner - 109
- Langford - 156
- Langley - 529
- Maple Ridge - 312
- Mill Bay - 2
- Mission - 65
- New Westminster - 444
- North Delta - 28
- North Island - 2
- North Saanich - 8
- North Surrey - 409
- North Vancouver - 747
- Oak Bay - 44
- Osoyoos - 1
- Parksville / Qualicum - 7
- Penticton - 8
- Pitt Meadows - 75
- Port Alberni - 2
- Port Coquitlam - 266
- Port Moody - 267
- Richmond - 1162
- Saanich East - 232
- Saanich West - 92
- Sardis - 153
- Sidney - 152
- Sooke - 39
- South Surrey White Rock - 713
- Surrey - 662
- Tsawwassen - 97
- Vancouver East - 998
- Vancouver West - 2482
- Victoria - 665
- View Royal - 46
- West Vancouver - 230
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The listing data is deemed reliable but is not guaranteed accurate by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board, Real Estate Board of Greater Vancouver, nor BCCondos.