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Vancouver mortgage defaults plunge as home prices increase
Western Investor · 08 Aug 2018
The federal government's mortgage stress test was expanded in January in a bid to protect homeowners from becoming overextended, particularly in Vancouver, which has the highest average home prices in Canada. Yet the latest data on mortgage defaults shows that…
Toronto, Vancouver headed in different directions
Canadian Real Estate Wealth · 07 Aug 2018
Results from Toronto are a contrast to Metro Vancouver, where the real estate board said Thursday that home sales tumbled to their lowest level in 18 years.
Selling assembly land is much more higher value than individual plot
other · 02 Aug 2018 · Special to Financial Post
When there is value in splitting a larger parcel into smaller units, it's called plattage. Plattage is common in low-density greenfield developments where owners of large swaths of land sell smaller chunks for new development. In built-up areas where large emp…
Vancouver home sales hit 18-year low
Canadian Real Estate Wealth · 02 Aug 2018
The Greater Vancouver Real Estate Board says 2,070 properties changed hands in July, a 30 per cent plunge when compared with July of last year and about 29 per cent below the 10-year sales average for the month.
City of Vancouver approves Jericho Lands planning policy
Western Investor · 30 Jul 2018
The Jericho Lands in Vancouver's West Point Grey neighbourhood will undergo a comprehensive planning and engagement program that will help guide future redevelopment of the site to create a new community that is sustainable, socially and culturally inclusive, …