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Feds announce $10M for RCMP to fight money laundering after ministers' meeting
The federal government has announced $10 million to help the RCMP prosecute money laundering after a special meeting in Vancouver of Canada's finance and justice ministers to discuss the pervasive problem.
Millennials need a major home price drop or sharp wage increase
Vancouverites would need their typical full-time wages to increase to $200,400 or four times their current level; or house prices would need to fall by three-quarters (a $795K drop) to make homes affordable
Legions 13525 106th Avenue Surrey a 20 storey mixed use building and a 26 storey condo tower by Lark Group
The village will offer clinical rehabilitation services, research and delivery of health-care programs, services and trauma counselling, including for veterans and first responders suffering from post-traumatic stress disorder. It will also feature a new 10,50…
BC leads permits to record high but there’s a good reason why
British Columbia led the gains with builders keen to beat the rise in development costs being introduced in Metro Vancouver the following month; but there were gains for six provinces overall.
Market collapse appears less likely says RBC
Last week's market reports from real estate boards including those in Vancouver and Toronto show that there is recovery underway with even the tough market conditions in Vancouver suggesting a bottoming-out.
Vancouver commercial investment is not having a good 2019 so far
A total of 322 commercial transactions were completed in the market during the first quarter, shrinking by 49% annually. Altus Group director of data solutions Paul Richter noted that this was the lowest commercial volume seen in Vancouver in several years.…
Vancouver’s luxury home market is very attractive because you can dump your money here and you pay a modest amount of property tax
Point2 Homes recently made the comparison, and while it does have merit—Vancouver is a global real estate staple and prices are a relative bargain compared to those found in London, New York and Paris—it begs the question: Why are prices so expensi…
Vancouver condo launches picked up steam in May after slow April
Suzana Goncalves, an MLA partner and executive vice president of sales and marketing, notes that developers in the Lower Mainland are taking their time before bringing projects to market, suggesting some of the planned April launches were held back to May.…
Developer postpones pre-sales for high-rise towers in Burnaby and Coquitlam
There has been a dramatic slow-down in pre-sales centre traffic starting around last October. It's estimated to have dropped by about 70 per cent.
Toppen Ridge 24 two and three bedroom townhomes at 237 Ridgeway Avenue North Vancouver by Formwerks Boutique Properties
To meet the City of North Vancouver's contemporary design guidelines for the Moodyville neighbourhood while also incorporating features that echo the area's industrial past and meet homebuyers' demand for a simpler design esthetic, Formwerks Boutique Propertie…
65-storey Burnaby tower at two Gilmore Place will be tallest in region
The tallest of the three towers to be built on the old Sears site in Burnaby's Metrotown will be the region's highest, eclipsing Burnaby's 64-storey Two Gilmore Place, which is just getting underway.
How to lose money developing a big-city casino
Questions swirl around whether taxpayer money was used wisely in courting the Parq Vancouver entertainment complex development given that project's financial woes. Yet a look at the process of delivering the city's biggest casino shows that trusting the word o…
All levels of government inflaming housing crisis: Ipsos poll
An Ipsos poll conducted on behalf of the Urban Development Institute found a strong majority of the 1,001 respondents don't believe their governments, whether municipal, provincial or federal, are doing enough to improve the province's housing situation. In Va…
BC’s housing market to bounce back from Vancouver price correction by 2021
Central 1 Credit Union anticipates BC home sales will pick up again in 2020, and the following year prices are expected to increase as well but for now they're "marshmallow soft."
Unlicensed broker arranges $511.6 million in mortgages
A broker in Vancouver who was suspended over a decade ago has been slapped with an order to cease and desist activities by the Financial Institutions Commission (FICOM) after arranging $511.6 million in mortgage loans.
Willow + Oak 11272 240th Street Maple Ridge 54 two, three and four bedroom townhouses by Main Street Homes
Main Street Homes is the developer behind a new townhome development in Maple Ridge called Willow + Oak, which has been doing a roaring trade with young couples and millennials.
Realtors reeling as Vancouver real estate frenzy ends
A comparison between figures for first five months of 2016 and 2019 show sales volumes and numbers down by nearly three-quarters (75%) for the top 100 realtors of 2016.
Only the 1% can afford a house in Vancouver today
According to the study, a household needs to earn $240,000 annually just to afford a benchmark, or typical, detached house in the city.
LandlordBC on Burnaby's rental policy: 'The numbers just aren't going to work'
Burnaby's new rental policies have been met with mixed reviews – enthusiastic approval from councillors, muted praise from a housing activist and disappointment from a landlord advocate. On Monday, city council unanimously approved a plan to put new rent…
Metro renters pummelled by demovictions and gentrification
"The problem in Metro Vancouver is that affordable rental is being replaced by expensive condos. It's the history of gentrification," says UBC geographer David Ley, author of Millionaire Migrants.
Kira 116 one, two and three bedroom homes in a six-storey wood frame building at 750 Dogwood Street Coquitlam by Woodbridge Homes
Everything from the massing of Kira's two buildings joined in the middle by a glass atrium to the tall windows and high ceilings in the homes is designed to bring in as much light as possible.
Current policy regime is stifling BC home resales – analysis
Stricter government policies on housing have proved to be a potent factor pulling down resale demand in BC, according to Vancouver's Central 1 Credit Union.
Economist forecasts stability to return to Metro Vancouver's detached housing market
"The detached market overall will stabilize faster than apartments because it's been running lower for a longer period of time," economist
New website informs buyers of homes' last sold price
HonestDoor.com claims a Canadian first in giving details of the last sold price of all houses and condos. It is initially only available in Edmonton but has national expansion ahead, with Calgary, Winnipeg, and Vancouver among its key targets.…
Mixed-use developments in Metro Vancouver are ripe for investment
Metro Vancouver and its constituent municipalities have encouraged developers to build along transit corridors and allowed higher densities at development sites that had long been established as commercial retail nodes such as regional malls…
Metro Vancouver's urban enclaves promise even more investment
The trend is being spurred on by the city's political borders and geographic limitations – factors that have led to a consistently severe shortage of developable land.
Seaside 4638 Orca Way Tsawwassen 125 two, three and four bedroom rowhomes by Mosaic
The master-planned Seaside rowhome community is the first project Mosaic has undertaken, not only in Tsawwassen, but in all of South Delta.
Starchitects still coming with big designs to change Vancouver skyline
Rumours about the death of Vancouver's high-end real estate market may be exaggerated. Several new highrise developments are in the works for downtown. And many are high-end projects being designed by internationally renowned "starchitects."…
Latest Vancouver real estate pitch: Free wine for a year with pre-sale condo purchase
A Vancouver condo developer is offering free wine to presale buyers in an attempt to one-up a competitor that offered free avocado toast to purchasers — attention-seeking gimmicks for a slowing real estate market.
Developers hit pause on riskier, highrise condo projects: Urban Analytics
Vancouver-based developer Townline gave official notice that it's postponing its Meridian project, a 39-storey tower with one-, two- and three-bedroom units near the Evergreen Line in Coquitlam.
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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