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City of Vancouver issues hundreds of short-term rental violation tickets
While the city believes that 73 per cent, or 4,266, of the 5,866 active short-term rental hosts are abiding by the rules, its staff has flagged 27 per cent of all short-term rental addresses for audits to confirm compliance with city regulations that went into…
Metro Vancouver sales return to more typical levels
Total sales of 2,231 reported by the Real Estate Board of Greater Vancouver was 12.7% below the July total but was 15.7% higher than in August 2018. Sales were 9.2% below the 10-year average for August.
Winston Terraces 19624 56 Avenue Langley 26 two, three and four bedroom townhomes by Quadstar Development
As Langley continues to grow – according to Statistics Canada, the municipality's population has increased by 12.6 per cent since 2011 – developers are responding to the demand for housing with a range of new multi-family homes. One of these projec…
Metro Vancouver home sales up this summer
Home sales in Metro Vancouver were slightly up this summer compared with last year, according to the Real Estate Board of Greater Vancouver.
Vancouver pre-sale units are seeing less launches and transactions
Launches of pre-sales in the Greater Vancouver region have seen a drastic decline over the past year, as developers are reacting to sluggish absorption rates by deferring the release of new supply.
Pilothouse at Hampton Cove 5535 Admiral Way Delta 87 one two and three bedroom homes by Polygon Pilothouse Ltd
When the Polygon development group set about designing the homes at its Pilothouse apartment project in the master-planned Hampton Cove community, it had one main buyer group in mind: the downsizer.
Condo prices rise in 3 of largest housing markets
In contrast, condo price per square foot dropped the most in Greater Vancouver, falling by 8.3% to $764, while Greater Calgary experienced a decline of 6.7% to $313.
Price mania in Vancouver is showing no signs of stopping
Vancouver's home price madness does not appear to be cooling down any time soon, with one of the most outrageous recent examples being a $2,850/month "affordable" rental suite in the West End.
Developer Beedie taking City of Vancouver to court over rejected Chinatown project
A Vancouver developer is taking the City of Vancouver to court over a controversial proposal to rezone a property to allow construction of a 12-storey building on Keefer Street.
Strata units dominating Metro Vancouver’s industrial development
Projects where space is sold – not leased – are dominating Metro Vancouver's industrial market for the first time as property transactions fall sharply from the record investment levels of 2018.
The Vancouver price madness has infected both purchases and rentals
A since-removed Craigslist ad for a "low-income" rental home in the City of Vancouver would have been available only for tenants who are earning more than twice the market's average household income.
MODE at 3438 Sawmill Crescent 257 homes in a 25 storey tower between Kerr Street and Boundary Road by Wesgroup
There's a reason Wesgroup Properties' new residential tower in Vancouver's River District is called MODE—the 25-storey building's 9,000 square feet of amenities will include a range of dedicated spaces for everything from work, movie screenings, yoga and…
Vacancy taxes prompt sale of luxury condos in Downtown Vancouver
High-end buildings are seeing a high volume of properties going up for sale
Commercial construction permits in BC surge
While residential market activity in Vancouver is markedly slower than in years past, the commercial sector is on fire.
No luxury-housing market in the world is performing worse than Vancouver’s
Vancouver's annual luxury home price decline of 13.6 percent in the second quarter planted it firmly in 46th place out of 46 markets, according to Knight Frank's Prime Global Cities Index.
Vancouver luxury market is weakest among global cities
Vancouver remains at the bottom of the table of 46 cities worldwide compiled using Knight Frank's global research network while Toronto ranks 13th.
Metro Vancouver sees 12th month without a residential price increase
The region was the only metro area in Canada to post an index decline in July, according to the latest Teranet-National Bank house price index
Office, industrial and retail sectors proving robust in Metro Vancouver
While Metro Vancouver's residential sector struggles, its commercial real estate market is holding firm, with vacancy rates extremely low, according to a monthly analysis by commercial market intelligence company CoStar Group .
Be wary of Vancouver market rebound
According to an economic outlook report from Central 1 Credit Union, the signs of recovery are there, however, its deputy chief economist still calls for tapered expectations.
The Canadian 'ghost towns' where vacant homes are rising
The analysis of government data on vacant residences shows that 1.34 million homes had no one living in them in 2016, with Toronto and Vancouver leading the high vacancy rates.
Canadian Real Estate Close to Sellers’ Market in July: CREA
Transactions rose for the fifth month in a row with a 12.6% year-over-year increase, and up 3.5% from June. The number of newly-listed homes brought to market stayed flat, however, down -0.4%. That's put upward pressure on the national average home price, whic…
Argyle Burke Mountain 64 four-to-six bedroom single-familly homes at 1441 Argyle Street Coquitlam by Infinity properties
Two construction companies – Benchmark Homes and Distrikt Homes – will build 64 single-family homes in Infinity Properties' new subdivision.
‘CAVE people’ disrupt Metro Vancouver multi-family rentals
There is a new term bandied about now in Vancouver's long-suffering rental housing market as developers and landlords attempt to meet tenant demand in a city with the highest rents and the lowest vacancy rates in the country.
Housing Demand Improves in July
The British Columbia Real Estate Association (BCREA) reports that a total of 7,930 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July,
Residential sales across B.C. up 12.4% from last year: BCREA
There were 7,930 home sales in the province last month, which is 12.4 per cent higher than July 2018, recovering around half the annual transaction losses seen one year ago. Most of the provincial increase was driven by the spike in sales in Greater Vancouver …
CMHC designates Vancouver market ‘moderately vulnerable’
The reduction is largely due to a sales pace that's nowhere near as fervent as it had been before new mortgage rules were introduced in January 2018. Additionally, CMHC is not as worried anymore about price escalation in the city, reducing its concern from "mo…
Vancouver showing promising recovery signs
July sales figures released by the Real Estate Board of Greater Vancouver revealed a 23.5% year-over-year increase, as regional residential home sales totalled 2,557, trumping last year's 2,070. It also marked a 23.1% increase over the 2,077 home sales recorde…
Trans Mountain approved to resume construction of B.C. pipeline terminals
The National Energy Board (NEB) has given Trans Mountain the green light to resume construction at two of its pipeline terminals in Burnaby, B.C.
Vancouver retail tenants face demolition clauses
Development pressure has driven Vancouver retail rents sky high and convinced some landlords to include demolition clauses so they can boot retailers out if a developer wants in.
Metro Vancouver office vacancy reaches lowest levels since 2007
As of mid-year 2019, the Metro Vancouver region's vacancy rate was 4.3%, while the downtown market's reading was 2%. The previous regional record low of 4.7% was reached way back at the end of 2007.
Building List Count by City
- Abbotsford - 447
- Agassiz - 28
- Burnaby - 55
- Burnaby East - 78
- Burnaby North - 367
- Burnaby South - 346
- Campbell River - 1
- Chilliwack - 221
- Cloverdale - 194
- Comox Valley - 10
- Coquitlam - 566
- Delta - 10
- Duncan - 41
- Esquimalt - 59
- Gulf Islands - 6
- Harrison Hot Springs - 13
- Harrison Mills - 1
- Hope - 22
- Ladner - 110
- Langford - 156
- Langley - 541
- Maple Ridge - 312
- Mill Bay - 2
- Mission - 65
- New Westminster - 444
- North Delta - 28
- North Island - 2
- North Saanich - 8
- North Surrey - 411
- North Vancouver - 747
- Oak Bay - 44
- Osoyoos - 1
- Parksville / Qualicum - 7
- Penticton - 8
- Pitt Meadows - 75
- Port Alberni - 2
- Port Coquitlam - 268
- Port Moody - 268
- Richmond - 1162
- Saanich East - 232
- Saanich West - 92
- Sardis - 154
- Sidney - 152
- Sooke - 39
- South Surrey White Rock - 716
- Surrey - 668
- Tsawwassen - 98
- Vancouver East - 1001
- Vancouver West - 2488
- Victoria - 665
- View Royal - 46
- West Vancouver - 231
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MLS®, REALTOR® and the associated logos are trademarks of The Canadian Real Estate Association
The listing data is provided under copyright by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver.
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.