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Increase in sales of a single-family home market in Greater Victoria, VREB
Victoria now has the third-highest home prices in Canada, behind only Vancouver and Toronto.
Multi-family rental building with land size of 12,432 square feet sold for $7 million
Built in 1964, the multi-family rental on a 12,432 square foot corner lot in an affluent Vancouver neighbourhood sold for $7 million.
Rental vacancies in Metro Vancouver spikes up to 2.6 percent in 2020 due to pandemic
Newer structures drove the increase in the vacancy rate, particularly in the cities of Vancouver and Surrey, while vacancy rates decreased in suburban markets such as Langley and White Rock, according to the report.
Real estate home sales increase up to 67 percent in first half of January 2021, Vancouver
"In 2019 we were saying buyers are needed! This year much like last year, it's sellers that are needed!" Skipworth wrote in an email sharing the January mid-month figures.
The latest housing boom has also driven eye-popping price increases in areas that remain affordable
This time, though, the faster property appreciation isn't happening in Vancouver and Toronto, two of Canada's priciest markets, but in areas that were — at least until recently — affordable.
2021 multi-family deal of the year by InterRent, Crestpoint pay $292.5M in Vancouver
To put this $292.5 million deal in perspective, it represents more than 40 per cent of the total multi-family sales volume through the first three quarters of 2020 across all of Metro Vancouver.
REBGV, B.C year ending sales report shows that home sales were strong
The Real Estate Board of Greater Vancouver says real estate activity ended 2020 on a positive note driven by low interest rates despite COVID-19, overcoming the setbacks that were seen in the spring.
REBGV - 53.4% home sales increase over the same time in 2019
"Robust December sales outpaced long-term averages in what's traditionally the quietest month of the year in real estate. This was part of an unusual seasonal pattern the market followed last year, which can be attributed in large part to the pandemic," said R…
Vancouver home buying activity still exceed high compare to December 2018 - 2019
There have been 1,492 home sales in the first two weeks of the month, down slightly from the 1,505 sales posted during the same time in November.
Canadian housing market deemed “moderate degree of vulnerability” based on Q3 CMHC market assessment
Despite receiving low vulnerability scores across all four metrics, both Toronto and Vancouver were deemed moderately vulnerable overall. In Toronto's case, CMHC's Dana Senagama told Mortgage Broker News that the city's evaluation reflects the persistence of t…
PC Urban submitted two new strata industrial projects in City of Vancouver
PC Urban has submitted a development permit application to the City of Vancouver for the two new strata industrial projects. They are to be built on a former metal recycling 2.2-acre site on Ontario Street and a two-acre site on East Kent Avenue, which was use…
Increase crime is one of the retailers struggle during the pandemic
A new study on main streets in B.C. and Ontario released December 7 by Vancity shows that rising crime has become a characteristic for B.C. downtown retailers struggling through the pandemic, where it is the No. 1 concern in Victoria and East Vancouver.…
Investment company wants to unload 8 retail properties in Vancouver
An investment company wants to unload its retail holdings in Vancouver's most popular shopping district.
Luxury penthouse with 1,310 square feet at Burfeild Place, West Vancouver
Penthouse 1 – 701 in Courtenay has 1,310 square feet of private terrace space on the top level of this luxury hillside development on Burfield Place. This penthouse is the last suite available in the 39-unit mid-rise collection developed by British Pacif…
REBGV data shows Vancouver home sales is higher 22% since November 2015
Detached and attached homes saw the largest annual sales increases, at 28.6 percent and 40.1 percent, respectively. Condo sales rose by a relatively calm 12.2 percent.
Even with continued government investment from casino-generated revenue, the industry is not sustainable due to declining revenues, public participation and attendance, a letter from the province reads.
The future of horse racing in B.C. is in doubt after the provincial government pulled slot machine revenue from Vancouver's Hastings Racecourse — B.C.'s last operating horse track. The province dropped the bombshell to representatives of horse racing in …
Receivership proceedings began nearly two years ago for 1289 Nicola St.
After being tied up in insolvency proceedings for nearly two years, the development site at 1289 Nicola St. in the West End of Vancouver has finally been sold, according to filings in the Supreme Court of British Columbia. Located just two blocks away from Sun…
Once open, the new school will be operating at near capacity.
The long-anticipated elementary school in Vancouver's Coal Harbour has a name. The school, located at the foot of Broughton Street overlooking the marina, is scheduled to open next summer after its initial completion this fall was delayed by supply-chain issue…
After a sometimes-heated council meeting, Vancouver Mayor Ken Sim said he supported delaying a decision on his motion on the Filipino cultural centre until next month to allow more time for review.
After several hours of impassioned arguments both for and against a developer's proposal for a two-tower project incorporating a hotel and a Filipino cultural centre, Vancouver city council decided Wednesday night to delay the decision until next month. Every …
Development was approved has been stalled because of the change in the market
Seven years after an ambitious two-tower development in Vancouver's West End was approved by Vancouver council, the project still hasn't broken ground. In hopes of reigniting it, the developer has proposed converting part of the project — at 1444 Alberni…
Market forces, public policy driving distress in commercial real estate
Vancouver developers are struggling to deliver residential projects amid a "perfect storm" of factors including interest rates, the cost of construction and tepid demand, says one commercial broker. Lower sale prices, prohibitive zoning, tariffs, taxes, inflat…
10 Multi family building in Vancouver posted for sale
B.C. rent increases have been frozen since March and are expected to remain locked until the end of 2021. The City of Vancouver has restricted multi-family renovations, outlawed demolitions of older apartment buildings and tethered development of market-rental…
Refurbished Rosewood Hotel Georgia has drawn many A-list guests over the years — and for good reason
In 1927, the Hotel Georgia made front-page news for being the first hotel in Vancouver to offer bath facilities in every suite. Nearly a century later, after a few facelifts and a refined new identity as the Rosewood Hotel Georgia , the storied landmark is mak…
Gastown and Vancouver neighbourhood retailers glimpse a retail revival
Since the pandemic hit in March, 23 retailers have closed in Gastown, according to Stefanie Schulz, executive director of the Gastown Business Improvement Association, but 21 new stores have opened in the same time, 16 of them since June.
Vancouver housing market remains strong month in November
While November is expected to post solid home sales figures, Yu said that activity will likely slow moving into the winter as pent-up demand is satisfied and the second wave of COVID-19 puts a damper on the market.
A positive impact to address B.C vacancy taxes during pandemic
Property Sage has so far helped dozens of Vancouver homeowners, many of them awaiting building permits, save big bucks by sidestepping vacancy taxes in this novel way.
Average price range in detached house to hit $1.7 million in 2021 in Greater Vancouver
That price has already been reached in the City of Vancouuver, where it is not uncommon to detached houses listed for $2 million for more, but the BCREA forecast is for suburban prices to soon catch up.
The largest developer of purpose-built, student housing in Canada has spent the last year-and-a-half working with the City of Burnaby on a rezoning application.
More developers in Metro Vancouver seeking to build student-oriented residential buildings that are off-campus and not necessarily affiliated with a particular school. Because such projects don't fall neatly into residential or institutional categories, develo…
Vancouver real estate: Concord Pacific withdraws public view plan for Molson site
There are details for a massive redevelopment with some 1.8 million sq. ft, including 300,000-sq. ft of mixed use with office, retail, restaurant and showroom spaces, plus some 3,000 residential units. Condo towers from 15 to 25 storeys are connected by multi-…
Vancouver housing market increase by 6% in October amidst in high supply
October's sales total was 34.7 percent above the 10-year average for the month and narrowly surpassed the 3,643 homes sold in September.
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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