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Pandemic's economic effects could haunt Metro Vancouver housing into 2022
A downturn in Metro Vancouver housing markets due to the COVID-19 pandemic could range from gloomy to downright dismal through 2022, according to the national housing agency's latest report.
CMHC projects trajectories for Toronto, Vancouver, Montreal real estate in new summer outlook
The report forecasts a long road to recovery for Canadian housing but says certain markets will recover faster than others.
Metro Vancouver condominium rental market ride out during pandemic
"The condo rental market has definitely come off. It is down 10 per cent to 20 per cent [in rents], and we are seeing higher vacancies," Leung said. About 5 per cent of Birds Nest properties are currently vacant, partially due, he said, to some owners holding …
Shockwave increase in sublease space nearly doubled the vacancy rate in downtown Vancouver
Downtown Vancouver has about 24 million square feet of office space and the subleases have pushed the vacancy rate in to 4 per cent, up from 2.2. per cent at the start of the year. But CBRE notes that Vancouver still has one of the lowest office vacancy rates …
Home prices rise as B.C. real estate market continues to slump
In Greater Vancouver, the average sales price was up 2.9 per cent ($1.012 million to $1.041 million) compared to the same time last year
Major Canadian bank warns of historic price declines in Toronto 13% and Vancouver 12%
The impact of this market weakness will be most apparent in Toronto and Vancouver, with predicted 2020-21 decreases of 13% and 12%, respectively.
Concord Pacific acquires former Cresford site The Clover on Yonge
On Friday, Vancouver-based developer Concord Pacific announced it had acquired ownership of The Clover on Yonge, one of three under-construction condominium projects by Cresford Development Corporation to enter into receivership.
The Link 3583 Kingsway 104 rental homes 44 subsidized rental homes and strata retail by Hungerford
A 177-year old fellowship has used a uniquely Vancouver solution to replace its aging seniors home with sleek new affordable housing
Eli Report - Condo Document Review Platform Jamie Hankinson News Article
Metro Vancouver condo buildings are being forced to spend an average of 65 per cent more on insurance premiums in 2020, new data suggests, providing the first statistical glimpse into the extent of the financial crisis hitting owners in multi-unit buildings.…
The Eventide 1460 Bute 3 Luxury Rental homes by Stanley Dee
A unique lease arrangement and a global pandemic have combined to stall take-up for an ultra-luxury apartment building on Vancouver's English Bay
May home sales dip 44% compared to last year
Home sales in the Greater Vancouver area continued their steep year-over-year drop last month amid confinement measures and physical distancing requirements related to the COVID-19 pandemic.
The Sentinel 200 Klahanie Court West Vancouver selling out fast
Launched in the teeth of a pandemic, a new 122-unit luxury condominium tower in West Vancouver has pre-sold 54 condos in the last month, including a $6 million penthouse, and the head of its marketing team suggest the success is more than a geographic anomaly.…
Surrey 1008A Land Development going forward in Anniedale-Tynehead - will bring 120K new residents - land selling at $2.6M+ an Acre
City of Surrey's planned $3.1billion Surrey-Langley SkyTrain extension received the support of Metro Vancouver mayors and, while all the money has not yet been approved, the concept has triggered one of the largest land plays in British Columbia.…
Metro down, but not out, for China
Rival ethnic Chinese groups clash in the streets of Vancouver over Beijing's clampdown on Hong Kongers' freedoms.
Heritage home spurs bidding war amid pandemic real estate slump
House in east Vancouver's Grandview neighbourhood sells for $340,000 over list price
Who will buy Vancouver housing in a time of COVID-19?
More condominiums and houses are under construction in Metro Vancouver than ever before. But who is going to buy them — let alone live in them
Allied Properties REIT buys Gastown’s Landing
Toronto-based Allied Properties Real Estate Investment Trust (REIT) has bought the 115-year-old Landing, a mixed-use commercial landmark in Vancouver's Gastown area.
Virtual home staging thrives during pandemic
For Young Kim, founder of Vancouver-based Bella Staging, business had been ramping up before COVID-19, but then it got even busier, prompting him to add four new designers to his team of 11.
The Ultimate Video Guide to Vancouver Neighbourhoods
It's hard to put a price on the value of truly loving where you live. In a city like Vancouver, it pays to understand the unique character of each neighbourhood before making a home buying or rental decision.
Airbnb owners will be forced to sell - COVID-19 immigration to weigh upon Vancouver prices
The single most important factor that would affect Vancouver's sky-high housing prices is the coronavirus pandemic's impact on immigration
Metro Vancouver home sales hit 38-year low in April, prices hold steady
Last month's home sales were 62.7 per cent below the 10-year April sales average and was the lowest total for the month since 1982
COVID-19 crisis set to hammer Metro housing prices
The REBGV maintains with confidence that "pent-up demand" for housing, combined with low interest rates, will re-energize Metro Vancouver's dormant real estate market once the COVID-19 lockdown ends and real life again kicks in.
Missed mortgage payments will be disastrous for Vancouver
Stewart expressed grave concern about the possible growth in property tax delinquency rates indicated by these numbers – a trend aggravated by the significant weakening of the Vancouver labour market once the COVID-19 outbreak took hold.…
The Hillcrest 188 West King Edward 17 stacked townhomes by Vertex Developments
The developers of The Hillcrest knew they wanted the kitchens in their 17-unit townhouse complex in central Vancouver to be the most efficient they could build, so they called in award-winning chef David Robertson to review their initial designs.…
Affordability in Vancouver remains an ever-distant dream – RE/MAX
Despite the threat of COVID-19 to housing prices, Vancouver homes will remain far out of reach of average Canadian households, according to a RE/MAX analysis.
Vancouver home sales fall 34% midway through April
There were 564 homes sold in Greater Vancouver as of April 15th, according to data published by Kevin Skipworth, Managing Broker at Dexter Realty. This figure is 34 percent lower than the same period in April 2019 and also down 46 percent from the first half o…
Four-building Beach Avenue portfolio transfers for $305 million
The landmark Beach Avenue four-building portfolio in Vancouver's English Bay has been transferred between existing owners of an investment trust in a $305 million agreement
Vancouver West End’s four Beach Towers sold for over $300 million
A residential real estate deal on downtown Vancouver's English Bay waterfront has been deemed the largest single-asset multi-family transaction in Canadian history.
Vancouver rental tower sells for $52 million
Harley House, a 21-storey, 107-unit concrete tower in Vancouver's West End sold for approximately $486,000 per door; brokered by Mark Goodman and Cynthia Jagger of Goodman Commercial.
New plan from MST Nations and Aquilini Development would see tallest tower heights rise from 28 storeys to 46 storeys
Metro Vancouver is considering expanding its overnight camping locations as popularity for the activity soars across the country. The bulk of campsites in B.C. are outside of Metro Vancouver, largely due to density and urban development in the region. But a st…
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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