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The shift could reduce future ownership opportunities for first-time buyers, says one Realtor.
Surrey city council last week approved hundreds of new rental units, many of which were previously intended to be condos, illustrating how developers are adapting to changing market conditions. During a June 23 meeting, Surrey city council approved 758 net new…
The village was set to host a meeting on the development that would have tripled the population as it was built out
The developer of a major housing development proposed for the Metro Vancouver community of Anmore appears to have capitulated to community opposition and pulled the plug on the controversial project.
With resale inventory at decade highs, newly completed home inventory growing, developer incentives increasing, prices down from peaks, rates down and GST removed from new homes for first-time buyers, did someone say “buyer’s market”?
A guide for first-time buyers, young families and presale purchasers seeking the latest insights for newer resale homes in popular Metro Vancouver neighbourhoods. The market that many prospective buyers have been waiting on the sidelines for is finally taking …
Public hearing reveals starkly different views on plans for Safeway site
Vancouver city council on Tuesday evening voted to approve a controversial three-tower proposal for the Safeway site near Commercial Drive and Broadway. The vote on the 1780 E. Broadway project saw the ABC Vancouver majority prevail, with Coun. Sean Orr opposi…
Court-ordered sale puts property in the hands of a local developer
Registration documents identify the sole director of the numbered company as Sukhminder (Sukhi) Rai, head of RBI Group of Companies. RBI's diversified interests include blueberry grower Surrey Farms, commercial contractor RBI Construction, residential develope…
Tale of two markets in Canada, with some buyers more sensitive to affordability than others
Canada's housing market may be losing steam this spring, but luxury homes and scenic cabins appear to be weathering the slowdown—just not for the same reasons. The luxury segment of Canada's housing market seems to be "holding up" compared with less expe…
Vancouver real estate firm says industry shifts structural, not temporary
A prominent Vancouver real estate company is laying off 31 employees, citing geopolitics, artificial intelligence and other industry upheavals. Greg Zayadi, president of Rennie & Associates Realty Ltd., said the size of the company's home office team is being …
The Holborn Group has been trying to develop this downtown site for eight years, and the city hasn't supported earlier proposals. Now, Holborn is proposing to build what would become Metro Vancouver's tallest skyscraper.
The Holborn Group's proposed towers in Vancouver draw direct inspiration from glass sea sponge reefs found off the Pacific Northwest coast. These ancient marine organisms are known for their delicate yet resilient lattice-like skeletons, and that's exactly wha…
Higher fees and lower demand are reshaping app-based food services, while operators warn of labour shortages and rising pressure
Business seems to have slowed down for app-based restaurant deliveries in Vancouver, and for industry leader and spokesperson Ian Tostenson, this observation can be attributed to fee increases that have been passed on to consumers. Last September, new regulati…
City council defers 165-unit rental housing proposal over concerns related to tower shadowing nearby park
Vancouver city council has deferred a decision on whether to allow a developer to build an 18-storey rental housing tower in a Mount Pleasant neighbourhood populated by a high concentration of heritage houses over concerns related to shadowing of a park. The p…
One of the outcomes of this drop in value of some presales is that more units are put up for sale right away.
Thousands of presale buyers in Metro Vancouver face completing their purchase of condos that are now worth less than they were in 2022 and 2023 when they signed the contracts to buy them. More than half of the appraisals required by mortgage lenders to complet…
Vancouver city council approves rental towers on former Safeway site in West Point Grey
The revised proposal that was approved Tuesday has a lower street-front podium, its tallest towers are pushed farther north on the lot, the sidewalks and plaza have been widened, and the commercial space is increased. Article content The property's 571 rental …
The Westfield Business Centre at 14178 104 Avenue in Surrey was constructed in 1998 Sold For $57M
The Westfield Business Centre sits at 14178 104 Avenue in Surrey and makes up the entire block between 141 Street and 142 Street, about midway between Surrey City Centre and Guildford Town Centre. According to court documents, the three-storey commercial build…
Keltic Development acquired 5502 Lougheed Highway, currently occupied by REVS Bowling, in 2023
ust under two years after making the high-profile acquisition, Vancouver-based real estate developer Keltic Development has unveiled its redevelopment plans for the REVS Bowling site in Burnaby. The 4.3-acre site is located at 5502 Lougheed Highway, steps away…
New contractor PCL Constructors is working under a $1.95 billion "target-cost" contract to finish the project, which includes incentives if it can bring it in under budget, but project critics are still not reassured.
Construction on Metro Vancouver's $3.86 billion North Shore wastewater treatment plant is ramping back up this month under a "target-cost" contract with its new contractor, PCL. But the final price tag is still not set in stone. Metro had already spent $737 mi…
Prince of Dubai puts penthouses at Fairmont Pacific Rim up for sale
A company whose beneficial owner is the crown prince of Dubai has listed four penthouse units at the Fairmont Pacific Rim condo tower in downtown Vancouver in a potential sale that offers a rare glimpse into the upper echelons of the city's luxury real estate …
Shawn Oaks site at 5505-5585 Oak Street in Vancouver, Landmark Premiere Properties in receivership
A large-scale redevelopment plan for a site near Oakridge Park that has been in the works for several years is set to be delayed even further as the developer is now facing receivership proceedings, according to court filings in the Supreme Court of British Co…
The key False Creek property has sold for an undisclosed sum
Vancouver's Plaza of Nations, a prominent but largely derelict waterfront parcel, has been sold for an undisclosed sum. The price is believed to be several hundreds of millions of dollars. There has been renewed attention on False Creek's northeast shore &mdas…
City council backs demolishing hotel
The heritage building at 500 Dunsmuir Street, owned by Holborn Properties, has been empty since 2013. It will be demolished within three weeks . There was unanimous support at a meeting of Vancouver city council on Wednesday for the recommendation that the 167…
Greater Vancouver Realtors say the number of homes that changed hands in the region increased 28.1 per cent
The real estate board says there were 2,181 sales of existing residential homes last month, still 12.8 per cent below the 10-year average but up from the 1,702 home sales recorded in November 2023. It says there were 3,725 newly listed properties, up 10.6 per …
Proposal to redevelop Poco Place shopping centre, which is located at 2755 Lougheed Highway
The Poco Place property is a transit-oriented development site directly served by the Westwood Street bus stops for the R3 Lougheed Highway RapidBus. It is also a 15-minute walk from SkyTrain's Lincoln Station or a 20-minute walk from SkyTrain's Coquitlam Cent…
Six towers at PoCo Place mall at Lougheed Highway and Westwood Street
A well-known builder in Coquitlam's Westwood Plateau and Burke Mountain neighbourhoods plans to construct six towers at a key intersection in Port Coquitlam. Today, Dec. 2, Wesbild announced it had applied to rezone PoCo Place — the strip mall at Loughee…
The housing priorities grant program will help expedite the construction of 220 affordable rental homes
A total of $10 million will be set aside with the target of expediting the construction of 220 affordable rental homes. The staff report proposed a launch date for Jan. 27, after they've reached out to the development community. The housing grant program will …
Squamish Nation's Senakw rental housing complex
Sen̓áḵw is the largest First Nations residential development partnership in Canada's history . The project will create over 6,000 homes at our village site in the heart of the area known today as Vancouver — bringing desperately needed rental hous…
The District of North Vancouver will not be looking at opportunities to redevelop places of worship
At meeting Monday, Nov. 18, a split 4-3 vote on the issue narrowly failed, with Mayor Mike Little and Couns. Herman Mah, Lisa Muri and Betty Forbes opposed. The initiative was brought forward by Coun. Catherine Pope, who wanted to direct staff to explore oppor…
Vancouver Mayor Ken Sim directed taff to limit the 2025 property tax to no more than 5.5%
According to City staff, 4.5% of the property tax rate increase goes toward increasing the growing costs of operations and providing services, and 1% goes toward specifically directly addressing rapidly aging and under-sized utility infrastructure, especially …
$574 million in federal financing to help build 950 rental homes in Vancouver
The federal government is providing more than $574 million in financing to help build about 950 rental homes in Vancouver. The government says in a news release that a project on 42nd Avenue is one of four locations receiving funds through the Apartment Loan C…
CLC to sell its share in the Jerico Lands to MST
In October 2014, CLC and MST entered a joint partnership to acquire the 21-acre former BC RCMP headquarters campus, now referred to as the Heather Lands , located within the Cambie Corridor just west of Queen Elizabeth Park, and the 52-acre eastern portion of …
Investor ownership is influencing the condominium markets
nvestor ownership is influencing the condominium markets in key urban centers like Toronto, Vancouver, and other Ontario cities. Investors hold a significant presence among small condominium apartments in Toronto and Vancouver. In 2022, nearly two in five cond…
For the first time since July 2021, average asking rents for all residential property types in Canada saw an annual drop in October.
According to the latest report from Rentals.ca and Urbanation , rents dropped 1.2 per cent compared to October 2023, bringing the average monthly rent to $2,152. This decline is primarily driven by decreases in larger cities, particularly in British Columbia a…
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.