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Vancouver is seeing fewer home buyers from China
The influx of Chinese home buyers in Vancouver has noticeably thinned over the past month, according to a recent RE/MAX analysis.
BC housing starts could fall 30% in 2020
Metro Vancouver put up steady home construction numbers in March even as many other BC regions saw declines. But, despite last month's encouraging activity levels, significant drops are forecast for at least the near term for all markets in the province.…
Defying pandemic predictions, Vancouver prices might continue growing
"Despite a modest 1% growth in average home price projected for 2020, Vancouver still sits comfortably at the top of the podium as Canada's most unaffordable city," RE/MAX said.
Metro Vancouver experiences adjustment in home buying activity in March
Metro Vancouver's housing market saw steady home buyer demand at the start of March – however, activity levelled-off later in the month as concerns about the COVID-19 outbreak intensified.
Vancouver home sales dropped 33% in late March as pandemic fears intensified
March started with a boom for the Vancouver housing market as spring sales activity showed promising signs of taking off after delivering uniformly weak results throughout 2019.
New 23-storey office tower planned for downtown Vancouver
W.T. Leung Architects has filed a rezoning application for the project. If approved, it would be built next to Westbank's 24-storey Deloitte Summit architectrually striking office building
Meter parking temporarily suspended in City of Vancouver
At the same time, many essential workers, including healthcare professionals, are working longer and more frequent shifts. The suspension of these parking-enforcement services will support the people who are working hard to keep our community safe and healthy…
Vancouver April Market Report
The CoStar Canada Market Analytics Team recently released its April newsletter update focused on Vancouver
Vancouver luxury condo sales drop 46% in early March data
Market conditions were less than stellar for the West Coast city for most of 2019. The demand for new construction condominiums plummeted, with the number of units launched dropping by 60 percent compared to 2018.
Vancouver home sales posted 59% increase in first half of March
Skipworth, who tracks home sales and listings at the midpoint of each month, distributed Vancouver activity totals as of March 15th earlier this week. He found that 1,378 homes were sold across the Greater Vancouver Area during the first 15 days of the month…
Quarter-acre East Vancouver land parcel assembled for $6.6M
A 0.25-acre land assembly in the Little Mountain area of East Vancouver, zoned for increased density, has been bought for $6.6 million, reports Gammon International Real Estate Corp. The parcel has potential for more than 35,000 square feet (gross) of multi-fa…
Investor demand for apartments heightens in Vancouver
The sudden interest in apartment buildings came amid the growing concerns about the potential impacts of the COVID-19 outbreak on the economy
Province looking at impact of COVID-19 on renters and landlords
During a press conference, Premier Horgan said these are among the many issues the province has on its plate, and government is looking at next steps, using a cross-governmental approach.
Here’s the Down Payment You’ll Need to Buy a House or Apartment in Metro Vancouver
How is the Metro Vancouver housing market faring as the Spring 2020 season sets in? It has been a tumultuous few years for west coast home buyers and sellers as they have struggled to absorb a plethora of regional real estate taxes and the federal mortgage str…
Plaza of Nations landowner sues Concord Pacific president for $245M over alleged conspiracy
Singaporean billionaire tycoon Oei Hong Leong is suing Concord Pacific president Terry Hui over an alleged conspiracy to tie up valuable downtown waterfront property in litigation to hamper efforts to develop the lands with other Canadian or international deve…
Hard to lose in Surrey housing market
The relative lack of housing investors in Surrey has led to more stable and affordable prices than in Metro Vancouver's more posh neighbourhoods.
BC housing taxes caused estimated 12.5% extra sales drop
When Metro Vancouver is removed from the estimations, there is little impact, suggesting that the impact of the SVT has been mostly on Metro Vancouver
Vancouver supply struggling to match homebuyer demand
Real Estate Board of Greater Vancouver reported that home sales were up 36.9% month-over-month but despite the gain sales were 15.6% below the 10-year average for February.
Robust home sales outpace low inventory in Metro Vancouver last month
February saw steady demand from home buyers in Metro Vancouver, while the inventory of listed properties "struggled to keep pace," according to a March 3 report by the Real Estate Board of Greater Vancouver
Mount Pleasant industrial site goes for $344 per buildable square foot
Seen as a prime light industrial site, a 2,662 square-foot corner lot in Vancouver's Mount Pleasant area sold for $2.75 million, $100,000 below asking but $210,000 above its assessed value
BCREA Calls for Increased Federal-Provincial Cooperation to Tackle Money Laundering in BC
the BC Real Estate Association makes our opening statement to the Cullen Commission of Inquiry into Money Laundering in British Columbia.
Vancouver developers launched 11k fewer condo units in 2019 versus 2018
Vancouver-based new condo market research firm Urban Analytics found that 7,588 units launched in the region during 2019, a far cry from the 18,998 that hit the pre-construction market just a year prior.
Metro Vancouver’s luxury home prices forecast to slip further
While the region's overall market recovers from recent correction, prime real estate still has a way to go, predicts Royal LePage
2019’s Most Searched Neighbourhoods in Vancouver and Toronto
A year's worth of data told us what buyers wanted in 2019. See how this can help you buy in 2020.
Metro Vancouver developers slash condo presale launches as demand drops
The number of condo presale units released for sale in 2019 fell sharply in Metro Vancouver, as developers responded to demand that fell off a cliff.
University Height at The Crescent Squamish 51 single-family homes by Holborn Group
The second phase of University Heights, Holborn Group's master-planned community in Squamish , juxtaposes modern architecture and the natural landscape of the Garibaldi Highlands to create a unique neighbourhood in the growing town midway between Vancouver and…
BC to change tax thresholds to address the cost of living
The government wants to address the high cost of living – especially in Vancouver – and has announced that the top 1% of earners, earning more than $220,000, will pay a 20.5% provincial income tax rate instead of the current 16.8%.…
Toronto vs. Vancouver: Which condo market makes more sense?
The title of "Canada's most expensive city" has cycled between Toronto and Vancouver for decades. Though Toronto was reported to have the highest cost of living among all other cities in the country ...
Some condo buildings unable to buy insurance
More B.C. stratas are reporting unpleasant surprises when they try to renew their condo insurance, with some facing shocking hikes in their premiums while others are unable to secure building insurance at all.
Metro Vancouver’s office vacancy rate to tighten further to record lows
Downtown office vacancy was historically low in 2019, falling to 2.6 per cent at year-end 2019 from 2.9 per cent a year earlier, reported the commercial real estate brokerage. This is likely to fall even further in 2020 to a new record low, according to the re…
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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