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B-20 Stress Test (Bill 20) is doing more harm than good - totally Shut down the Vancouver market
The Canadian Home Builders' Association argued that the rules are now doing more harm than good to the market, especially to millennials and struggling markets like Calgary.
Vancouver real estate sales and prices down to more ‘historical’ levels, board says
Slower activity in the Metro Vancouver housing market from buyers taking a wait-and-see approach has caused sales and prices to drop to historical levels, according to the Real Estate Board of Greater Vancouver.
Metro Vancouver home sales down 42.5% in November
October may have shown a slight uptick in Metro Vancouver home sales since September's dismal activity, but the latest statistics from the Real Estate Board of Greater Vancouver show that transactions dropped again November.
Naive politicians will keep Metro Vancouver tenants in turmoil
Then the City of Vancouver 's new council piled on to make sure it can make Canada's most demanding rental market even tighter and costlier. Like some neighbouring municipalities, Vancouver apparently believes it can demand condo builders deliver low-cost rent…
6137 Collingwood Place to be auctioned off in Hong Kong
A high-end property in Vancouver's premier West End district will be put up for sale to the highest international bidder as part of Concierge Auctions' December sale.
Future Development Sites by Concorde
For 30 years, the lots on the north shore of False Creek have lain dormant. But last month, the city announced a deal with Concord Pacific to build 650 affordable units on three of the properties while allowing the developer to build market housing on the othe…
Avani Centre 13586 98 Avenue Surrey 181 homes in a 30 storey tower by avani Investment Group
It's rare for homeowners to be able to say their residence sits atop a world class-branded hotel, and equally rare are the advantages and long-term value this provides, as is the case with the new Avani Centre from Avani Investment Group, a 30-storey residenti…
Cambie Gardens phase one a 24 storey and 26 storey towers at 650 West 57th Avenue by Onni Group
Homes in the first phase of Cambie Gardens, the master-planned Vancouver community between Cambie and Heather streets and West 57th and West 59th avenues, are now on the market as the Onni Group prepares to start construction of the East and West towers in 201…
No, detached home prices in Vancouver aren’t collapsing, according to this infographic
The market instead reached a new high of $1.5 million in May of 2017, according to Glacier Media's analysis presented in a new infographic. And as recently as this summer, pricing had returned to around the $1.4-million level, before cooling slightly in the fa…
Vancouver’s empty homes tax revenue higher than expected
The latest numbers were revealed in the city's first empty homes tax annual report, which was released Nov. 29. In the first year, close to 184,000 declarations were submitted, representing 99 per cent of all residential property owners in Vancouver.…
Stack office tower by Oxford Properties stands 161.5 metres
Slated to be the tallest commercial building in Vancouver by far, the 161.5-metre Stack office tower by Oxford Properties Group will be among Canada's very first buildings to be erected to the "net zero carbon" emissions standard, the developer announced.…
Metro’s 2018 vacancy rate remains tight while rents continue to soar
It is the fifth consecutive year Metro Vancouver's rental vacancy rate has been at or below one per cent, which continues to put pressure on rents.
$1 billion money laundered by crime networks in BC real estate?
A secret police report, obtained by Global News, reveals that crime networks are linked to 10% of the 1,200 luxury real estate purchases in the Lower Mainland included in a police study in 2016.
Why this economist says Vancouver’s housing recovery will probably be rougher than Toronto’s
Vancouver housing is more overvalued, and there are clear signs of excess supply coming to the market in the next couple of years
Little Mountain development site awaiting on planning department approval
Once a home to 224 low-income families, Vancouver's 15-acre Little Mountain site is mostly a fenced-off field full of weeds. We reveal new details about the financial structure of this long-delayed deal and some hope for the future.
Maywood on the Park 6463 Silver Avenue Burnaby 298 homes in a 32 storey tower by Intracorp
Maywood on the Park, Intracorp's new residential highrise in Burnaby, checks off all the boxes when it comes to the maxim of location (next to a park), location (close to shopping), location (near a SkyTrain station).
Vancouver project promises 6 decades of affordability
Over 60% of the units will have rents at or lower than 30% of median household income in the area and, under an agreement with the City of Vancouver, this affordability will be maintained for 60 years
Belle Isle 88 stacked townhomes at 2060 Curling Road North Vancouver by Citimark
Belle Isle is a collection of stacked townhomes from developer Citimark at Lions Gate Village on the North Shore
Notable weakness observed in Western Canada – CREA
The CREA's October measurement of the nationwide sales-to-new-listings ratio, which illustrates demand by quantifying absorption during the same month, showed that Vancouver suffered the most significant adjustment: The city's ratio fell by 26.22% year-over-ye…
Inventory glut and government intervention slow Vancouver
In terms of multifamily income-producing properties, the Vancouver market has been one of the strongest in North America with vacancy rates hovering around, or below, 1%," said Rene Palsenbarg, Marcus & Millichap's regional manager and managing broker. "Becaus…
Vancouver's tenants and their single-family home dreams
Indeed, almost 30% of the respondents of a new study published by Altus Group last week admitted that if price was not an issue, they would choose to live in a single-family home in the suburbs instead of staying in a rental unit in the downtown area.…
Victoria at Burke Mountain 1221 Rocklin Street Coquitlam 131 three and four bedroom row homes by Mosaic
Mosaic's Victoria, a 131-unit row home project in Coquitlam, is the company's latest project on Burke Mountain.
5 charts that put BC’s tumultuous housing market in perspective
In BC, existing home sales continue their descent, but realtors suggest that by 2019, the resale market will begin to recover. Meantime, new home sales in the province's biggest market, Vancouver, have actually climbed — although unsold inventory is also…
Ovation 813 Carnarvon Street New Westminster 204 one, two and three bedroom homes by Domus Homes
Domus Homes is setting the stage for plenty of applause with Ovation, its new 32-storey development in New Westminster's historic downtown.
Metro Vancouver’s industrial supply is lagging demand
Avison Young reports that the industrial vacancy rate in the fall of 2018 has hit 1.5% in Metro Vancouver with rental rates have continuing to climb rapidly. The average asking net rent in Metro Vancouver is now at $11.43 psf, up from $9.99 psf a year earlier.…
Downtown Vancouver has highest average price per square foot
Vancouver has eight neighbourhoods in Canada's top ten most expensive areas in price per square foot, with its downtown coming in at first place at an average price of $1,345 per square foot.
Tsawwassen Landing 4738 Hemlock Way 30 townhomes in phase one from 1,325 to 1,530 square feet by Onni Group
Tsawwassen is somewhat of a "hidden gem" in Metro Vancouver, observes the Onni Group's Andrew Joblin, but odds are, it will be far less hidden in the years ahead.
A year’s free mortgage attracts buyers to Langley development
First-time homebuyers leaped at the chance to live mortgage-free for one year in response to a Langley developer's offer to make their mortgage payments.
Coquitlam council and developer clash over Fraser Mills details
During a presentation last week to the Real Estate Institute of BC, David Roppel, Beedie Living's director of residential development, said plans for the riverfront project included 16 acres of park space, 118 market-rental units and 117 below-market rental un…
50 Electronic Avenue 358 homes at 50 Electronic Avenue Port Moody by Panatch Group
50 Electronic Avenue comprises two six-storey buildings that are part of a transformation an industrial area in Port Moody has been undergoing in recent years.
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 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.