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Vancouver's homebuyers remain in the driving seat
February's data from the Real Estate Board of Greater Vancouver shows a 32.8% drop in sales year-over-year to 1,484, more than 42% below the 10-year average for the month. Sales were up 34.5% compared to January.
Manufactured homes an ideal retirement investment
Manufactured home pads rent to tenants for between $350 to $500 per month in B.C.'s Interior and northern Vancouver Island. Rents are allowed to increase 2.5 per cent this year under B.C.'s Residential Tenancy Act.
Metro Vancouver home sales down on annual basis, but up from January
Home sales across the region looked fairly dismal, down 32.8 per cent year over year at 1,484, and a whopping 42.5 per cent below the 10-year average for February (see graph below). However, this sales total is also a 34.5 per cent increase since January, as t…
Non-resident buyers’ impact on BC revealed
"It's 20% in the City of Vancouver, and it increases to 25% in Richmond and Coquitlam. So if every one in five to one in six new condominium apartments are owned by people who don't live or work here, non-residents are an important component of housing demand,…
Soleil 1588 Johnston Road White Rock 178 homes in a 26 storey tower by RDG Management
With a convenience score of 98 out of 100, the Soleil new-home building will stand right across the street from Semiahmoo Mall and residents will be within a few minutes walk of more than 300 hundred shops and services.
Davie & Nicola 128 homes in a 22 storey tower at 1485 Davie Street by Vivagrand Developments
Those fortunate enough to live in one of Vancouver's oldest and most beloved neighbourhoods, the West End, never take their surroundings for granted, and for good reason. Bounded by English Bay, Coal Harbour, Stanley Park and the downtown core, this is one of …
Vancouver considers changes to city’s empty homes tax
"Given the number of property owners that chose to pay the tax instead of renting their property, it is possible that the current tax rate is not enough of an incentive to rent," a City of Vancouver staff report says.
Sydney 545 Sydney Avenue Coquitlam 160 homes in a 25 storey tower by Ledingham McAllister
The architecture and relaxed lifestyle of Palm Springs, with its mid-century modern influence, inspired the design of Sydney, Ledingham McAllister's new 25-storey residential tower to be built in Coquitlam. The building's double-height lobby, with its custom w…
Metro Vancouver home values to drop this year, but recover in 2021: poll
The housing market downturn in Metro Vancouver will persist this year, and stay flat in 2010, but will recover in 2021 – that's the consensus from a Reuters poll of 20 market analysts nationwide.
Foreign investors flocking to Vancouver's industrial segment
Numbers from Colliers International indicated that nearly 4.9 million square feet of industrial space was under development across Metro Vancouver as of the end of 2018. Almost half (45%) of this activity is in Surrey, Richmond, and Delta.
Parkview Estates 16525 103 Avenue Surrey 64 single-family home lots by Foxridge Homes
The 64-unit Parkview Estates development has more than 14 plans on offer, and buyers have the ability to choose finishes for everything from exterior stonework to paint colour to flooring to backsplashes and cabinet knobs and handles.
Hot Surrey housing beats Vancouver (and 81 other North American cities) in home price gains
Move over, Vancouver. Surrey has had the second-fastest rising home prices in North America over the past five years, suggests a study of 83 major North American cities that also sees five other Canadian cities make the top 10.
Redfin comes to Canada with full-service agents in Toronto
For Canada, the firm has begun with a Toronto launch Tuesday. Vancouver will follow in the spring with further cities expected to be added later.
Red tape is a major influence in Vancouver’s housing scarcity
Burnaby, Vancouver, and the District of North Vancouver are the areas hit the hardest by these delays, with development approval timelines being among the longest (at nearly 2 years) in the region.
Massive $3.5-billion Squamish ski resort aiming for 2025 opening
Ever since an environmental approval from the provincial government in 2016 was granted, there has been ample progress and movement on the planned Garibaldi at Squamish ski resort on the slopes of Brohm Ridge — an area about five minutes north of Squamis…
Next-door informer - number of Vancouver empty-home tips soar
Vancouverites have been happy to drop the dime on absentee neighbours, phoning in 1,456 tips about supposedly vacant or under-used homes since the introduction of North America's first empty homes tax.
‘Non-individuals’ own 10% of B.C. residential property: CMHC
Nearly one in 10 residential properties in B.C. are owned by "non-individual entities," according to the Canada Mortgage and Housing Corporation (CMHC).
No housing-related ‘brain drain’ from Metro Vancouver, says analyst
It has been frequently reported that the high cost of housing is driving the region's young professionals into a mass exodus to find more affordable homes in less expensive regions – but that's a myth, according to one data analyst.
Vancouver's empty homes tax visibly improved vacancy rates, supply
The ratio of unoccupied residential properties in Vancouver noticeably fell by 15% in just one year, and half of previously empty homes have been moved to the rental market, according to the initial returns of the city's 2018 empty homes tax.…
Centra 13868 101 Avenue Surrey 24 storey highrise with 167 homes by Everst Group
With entrepreneurs and small business accounting for the lion's share of new job growth in Canada, it's not surprising that residential developers are jumping on the bandwagon to provide working space for this new form of employment.
Centra 13852 101 Avenue Surrey 167 homes in a 23 storey tower by Everest Group
With Surrey's new gleaming city centre poised to become British Columbia's next big business hub, the developers of Centra are helping those buyers who are also small business people grow along with that trend.
Avani Centre 13586 98 Avenue Surrey 181 homes in a 30 storey tower by Avani Investment Group
Avani Centre with its shimmering curtain wall promises to be a visually stunning addition to Surrey City Centre. But one of the most remarkable attributes of this 30-storey residential tower is not the architectural detail per se, but that its developer, the A…
University District South Tower 10448 University Drive Surrey 431 homes in a 38 storey tower by BlueSky Properties
Bosa Properties saw its faith in Surrey affirmed when, in 2015, the city was named one of the world's "seven most intelligent communities", a reference by a New York-based think tank to the city's knowledge-based future.
How much have Metro Vancouver homes dropped in value? (INFOGRAPHICS)
Property website Zoocasa took this data one step further, and created two infographics – one for detached homes and one for condos – that show how much in dollar terms each area's typical price has dropped over the past year.
Vancouver is a "victim of its own success" says Avison Young
The market is now facing a leasing crunch as the vacancy rate approaches a record low; at the end of 2018 it was down to just 5.1% (51.4 million square feet) from 8% a year earlier.
Metro Vancouver has posted the lowest January sales since 2009
The Real Estate Board of Greater Vancouver says that there were 4,848 new listings on the MLS system, a rise of 27.7% year-over-year and a 244.6% surge from December 2018.
Vancouver home sales fall nearly 40 per cent in January, as prices pull back
Vancouver's once red-hot housing market continued to cool last month as the number of home sales fell
Real Estate Board of Greater Vancouver reports another sharp drop in monthly sales
The Real Estate Board of Greater Vancouver's territory includes much of Metro Vancouver, Squamish, and Whistler, but not White Rock, North Delta, Surrey, or Langley.
The luxury market’s legs have weakened somewhat
Sales of properties valued at $4 million and above shrunk by 40% annually in Toronto last year. During the same time frame, activity in this price range fell by a more pronounced 49% in Vancouver
Home listings increase while buyers remain in holding pattern
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,103 in January 2019, a 39.3 per cent decrease from the 1,818 sales recorded in January 2018, and a 2.9 per cent increase from the 1,072 homes sold i…
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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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.