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12th and Burrard - Vancouver 0.69-acre (30,000 sf) strata windup site sells for $41 million
Price is equal to $1 million for each of the 41 units in the windup at the prime corner of Burrard Street and West 12 Avenue that is slated for high-density development
Minimum income to buy a home in Vancouver rises to $246,100: Report
f you want to buy a home in Vancouver, you would need to be making almost $250,000 a year, according to a new report. The minimum annual income required to buy an average $1.2 million home in Vancouver rose to $246,100 over a one-month period from July to Augu…
6081-6083 Collingwood Place project - city approves rezoning for five-storey rental apartment
Several Dunbar residents are speaking out regarding Vancouver city council's unanimous approval of a 30-unit, five-storey rental building on Collingwood Place. It's on a transit route, it's close to UBC and it's in a neighbourhood that desperately needs afford…
MLA Q3 Market Update
In the third quarter of 2023, the Metro Vancouver real estate market maintained a cautious stance, as both buyers and sellers awaited clearer signals on inflation and overall market direction. Following typical seasonal patterns, presale activity was reduced i…
Vancouver 0.69-acre strata windup site sells for $41 million
Price is equal to $1 million for each of the 41 units in the windup at the prime corner of Burrard Street and West 12 Avenue that is slated for high-density development
House prices have eased as the national home sales declined by 1.9 per
cent between August 2023 and September 2023, according to data from the Canadian Real Estate Association. This is now the third month of decrease, and a very atypical and alarming scenario given that sales almost always increase from August to September. This …
Greater Vancouver teeters on the brink of losing its appeal a prime investment destination
Well, just like the housing crisis is pricing out many Vancouverites and leaving them with no choice but pack up and move east, our latest economic impact study reveals that as the industrial land shortage inches closer to a crisis point, Greater Vancouver tee…
Debut highrise will have more than 300 condos as an anchor of Beedie’s mixed-use development
Beedie bought 96 acres of former industrial land along the Fraser River in Coquitlam, B.C., construction crews are now on site building a $10 million sales centre and preparing the groundwork for a community of 5,550 new homes in series of high rise towers, in…
Revised rezoning application calls for 11-storey office tower and a 19-floor residential tower
Developer Bosa Properties, on behalf of the Cohen family, has presented a rezoning application for the shuttered Army & Navy store in Vancouver's Downtown Eastside. The application calls for commercial and rental housing towers at 8 to 36 Cordova Street and 15…
Plans to build a mid-rise in a southern Coquitlam neighbourhood are including urban agricultural plots and a dog run for future residents
The rezoning bid by Allaire Properties Inc. for 700, 702 and 704 Delestre Ave. will go before Coquitlam city council tonight, Monday, Sept. 25, for first reading. Another hearing will be held on Oct. 16 for the public to comment on the proposal on behalf of la…
Projections. Policy. Presales. Here's what to expect for the Metro Vancouver real estate market this fall
In this second year of the interest rate rollercoaster, the name of the game has been "acclimation." Many who wanted to buy a home have learned to make do with the circumstances, resulting in the British Columbia market seeing more resilience than many expecte…
Vancouver and Toronto no longer in bubble risk territory with an avg 10% drop in prices in last year
Vancouver and Toronto, Canada's largest real estate markets, have seen a significant shift in housing market risk, according to the latest UBS Global Real Estate Bubble Index for 2023. This year's report indicates the cities are no longer in the bubble risk ca…
Vancouver city council approved to allow “multiplexes” throughout most of the city’s lowest-density neighbourhoods.
After the vote, Mayor Ken Sim heralded the move as a "bold action," calling it "a huge step forward to increase housing attainability and build more homes faster." But some described the zoning changes as too little too late. By city staff's own estimation, th…
A chronic lack of hotel rooms is a headache for Vancouver tourism, but the effects of the shortage reverberate far beyond that sector
Vancouver's limited hotel capacity produces several ripple effects, and has been repeatedly flagged as a problem by tourism businesses . Hotel rooms are needed for leisure tourists, people travelling for business and conventions, and for cultural and athletic …
Stanley v. Grech, the Court of Appeal for British Columbia upheld the dismissal of an action for professional negligence against the plaintiff’s real estate agent
he property in issue was one of two lots on a residential "strata" property in the Southlands area of Vancouver, in a neighbourhood containing large properties which had luxury homes as well as equestrian facilities. It turned out, however, that both the plain…
Vancouver City Council to consider allowing up to eight homes on each single-family lot
Single-family residential neighbourhoods cover much of Vancouver's land area, and such lots in these areas could see more homes on the same plot of land — going beyond the current limitations. Vancouver City Council is set to consider City of Vancouver s…
Atmosphere Development's Richmond Project Under Review
A large development in Richmond's city centre - that is under creditor protection - could have a new building permit application into the city within the next couple months. The decision is expected to attract protests from pre-sale buyers at the project, who …
$30K fine for B.C. real estate agent who failed to warn clients about special levy before condo purchase
A second B.C. real estate agent has been ordered to pay more than $30,000 for failing to notify his clients about an impending special levy before they purchased a condo in White Rock. Jitendra Angelo Dehideniya has six months to pay the $30,000 discipline pen…
Manufacturing offsite for ‘public land parcels with underutilized land’ seen as solution to B.C.’s high construction costs and housing prices
Prefabricated apartments and public land are being pitched as paths to solving British Columbia's housing affordability crisis, according to some city planners and Alex Boston, executive director of the Renewable Cities think-tank at Simon Fraser University. "…
North Delta residents will get their first in-person look at an 800-plus-home highrise development pitched for a Scott Road shopping centre during four public information sessions later this month.
The proposed development includes 4 buildings ranging from 6 to 32 storeys in height with a total of 876 residential units, 10,572 m2 (113,796 ft2) of office space, 7,178 m2 (77,263 ft2) of commercial space and 310 m2 (3,340 ft2) of childcare space. The follow…
Two projects in Colwood cover 374 acres and will host 5,000+ new homes
The huge Colwood build is an anomaly as total new home registrations in B.C. through the first half of 2023 fell 23 per cent compared to the first six months of 2022. And, despite the highest home prices in Canada, housing starts could fall even further as dev…
Vancouver SRO owner rejects rent control, favours more housing supply
Greg Spafford of Forum Asset Management, which owns the Lotus Hotel at 455 Abbott St., said tying existing rents to units when a tenant moves out or is evicte will not solve Vancouver's housing crisis. "What Vancouver needs overall is just more housing - any t…
The penalty was handed to The Centre Pacific Project Marketing Corp., in Vancouver’s West End.
The broker was found to be in non-compliance of a number of regulations connected to money laundering and the Terrorist Financing Act, according to a notice posted to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Those included fa…
City of Delta to build the mixed-use high-rise development at the Delta Shoppers Mall, located at 8037 to 8087 Scott Road.
'City within a city' is consistent with the official community plan so a public hearing is not required, but information sessions will be held this month . The public will have opportunities to learn more about a proposed large project on a busy Delta corridor…
North Van's Riverside Drive to receive new affordable housing development
A portion of North Vancouver land has been selected as the site for a new project that will bring affordable housing to families, seniors and those with disabilities on the North Shore. The four undeveloped lots, located on Riverside Drive in the Maplewood Vil…
The government says the projects will provide 422 rental homes in Vancouver
The federal government has announced it will fund the construction of 422 rental homes in three projects/ A 178 units at 3435 West Sawmill from the federal government, nearly $4 million from the City of Vancouver, and just over $15 million in cash and land equ…
800-plus-home highrise development - 643 market condo, 150 seniors units, 83 purpose-built rentals being pitched for Delta Shoppers Mall
he proposed redevelopment of the 2.4-hectare Delta Shoppers Mall (8037 to 8087 120th St., located between the Real Canadian Superstore and Delta Rise) includes four buildings ranging in height from six to 32 storeys, with a total of 876 residential units, 10,5…
Fraser Valley leads the nation with 214 per cent surge in the first half of 2023
In Metro Vancouver, home sales rose by 190.1 per cent between January 2023 and June 2023, with 2,988 homes sold in the region in June, according to a report from real estate listing website Zoocasa. Among larger markets where more than 1,000 homes are sold, th…
Cambie Corridor land sells at more than $38M an acre
A 0.48-acre two-lot residential land assembly in Vancouver's Cambie Corridor has sold for the equivalent of more than $38 million per acre, bucking a trend that has seen land sales plunge this year compared to the first half of 2022. The assembly at 4338-4362 …
Massive Westport Village Project May go Ahead After 18-year Delay
On July 25, 2023, 18 years after it was first suggested, Port Moody city council will consider fourth reading of amendments to the city's zoning and official community plan bylaws that would allow a massive mixed-use development by Andrew Peller Ltd. to procee…
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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