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Is Canada still in a housing bubble?
Recent industry data showed that the average house price in Canada grew by 8.4% over the year to November. This is despite the 4.6% fall in the once red-hot market of Greater Vancouver.
Detached-home market recovery may be slower than predicted - 89,000 residential sales in 2019
f real estate investors were to make some resolutions for the new year, analyst Dane Eitel might suggest exercising wariness amid forecasts painting an optimistic picture of the B.C. market.
$11,800 a month and all the BMWs you can drive: Vancouver House condos listed for rent
Several units in the newly-completed condo tower, which was designed by internationally-renowned architect Bjarke Ingels, have recently been listed on Craigslist. The listings promise would-be renters access to the building's luxurious amenities – includ…
Metro Vancouver home sales skyrocket 88% over last year as prices rise
There were more residential transactions across the region in 2019 than in 2018, and benchmark home price is now above $1 million again
Vancouver home sales post huge 88 percent increase in December
There were 2,016 homes sold in the Greater Vancouver Area last month, an 88 percent spike over December 2018's total and 9.5 percent higher than the 10-year sales average for the month.
Home values continue downward trend in Metro Vancouver
Most homeowners, especially those with detached homes, will notice their assessments are significantly down, according to B.C. Assessment.
These are BC's top 10 most expensive homes
It should be no surprise that some of BC's most valuable residential real estate is located in Vancouver's West Side, but here is a renewed glimpse of how the top properties are fairing in their latest valuations.
Here are the 10 most expensive properties in Vancouver
The former lululemon magnate has now seen his Point Grey Road mansion lose $14 million in assessed value over the last three years, according to stats released by the B.C. Assessment Authority Jan. 2.
BC Assessments show modest overall value declines, steeper in Lower Mainland
Property values across the province have declined only modestly over the past year, looking at all regions and property types, according to the 2020 BC Assessment roll announced January 2.
Northland Properties Corporation buying Grouse Mountain Resort
Less than two years after it acquired Grouse Mountain, a company with strong links to China has decided to sell the recreational and tourist destination on Metro Vancouver's North Shore, returning the property to a Canadian family.
Murrayville condo developer, Mark Chandler spending Christmas in jail
Vancouver real estate developer Mark John Chandler is spending Christmas in a California jail as he awaits a trial on felony fraud charges.
BC home sales just saw a billion-dollar increase in November
The BC housing market's recovery has continued late into the year with sales activity in November recording a 27.5 percent increase compared to the same time last year.
Vancouver approves first moderate-income rentals
The City of Vancouver has approved the first two projects under its Moderate Income Rental Pilot Program (MIRHPP).
Vancouver’s massive Squamish Nation development exempt from foreign-buyer tax
"Ambitious" 6,000-unit project also unfettered by B.C. rent controls, city planning regulations and processes, or city property taxes
Westbank founder calls out Vancouver's "high level of mediocracy"
Actually, Westbank Corp. founder Ian Gillespie's words leave no doubt as to his opinion of the state of the city's development: "Three-quarters of the buildings in this city look like a piece of s---," he told Bloomberg.
Rental investor confidence points to rising market
For the first half of 2019, multi-family sales activity throughout Metro Vancouver and Greater Victoria lagged, affected by several governmental policies implemented in 2017-18. Following this period of adjustment, sales activity surged noticeably in the latte…
Plaza of Nations redevelopment at False Creek will be built in three phases
With its terraced landscaping resembling "urban mountains," the mixed-use redevelopment of the Plaza Nations in Northeast False Creek greatly parts ways from Vancouver's standard tower design.
Vancouver firm claims a world first for real estate AI platform
Eli Technologies has claimed a world first with its artificial intelligence (AI) powered condo and strata document review platform which helps real estate professionals to review and uncover potential issues.
Commercial real estate activity remains below the pace of recent years
There were 405 commercial real estate sales in the Lower Mainland in Q3 2019, a 32 per centdecrease over the 596 sales in Q3 2018 and a 42.3 per cent decline compared to Q3 2017, according to data from Commercial Edge, a commercial real estate system operated …
Squamish Nation approves $3-billion housing project in Kitsilano
The Squamish Nation has approved going ahead in partnership with Westbank Development to build a $3-billion housing project with 6,000 new units in 11 towers on reserve land in Vancouver's Kitsilano neighbourhood.
Vancouver CRE investment sluggish as residential land drags
Figures from the Altus Group show that, throughout the first three quarters of 2019, investment volumes have been between $1.7 billion and $1.8 billion each quarter
After years of delay, construction begins in downtown parking lot on Vancouver's newest park
The cost of the elaborate park, that includes raised walkways, a public plaza and cafe, jumped to almost $14 million from its original cost of $8 million.
Metro homeowners hit by weak market
Despite a recent report from Central 1 Credit Union suggesting a rebound in Metro Vancouver's housing market, there are still property owners losing hundreds of thousands of dollars on their investments.
Metro Vancouver home sales return to near normality
The Real Estate Board of Greater Vancouver (REBGV) reported 2,498 home sales in the month, a 55.3% jump from a year earlier and 4% above the 120-year average for the month.
Construction to begin on new $14.5-million downtown Vancouver public park
The 0.8-acre public park will replace a vacant lot, currently leased to EasyPark as a parking lot and used as a major carshare hub.
Greater Vancouver’s stock of new homes fell by over 70%
Attesting to sustained feverish demand for the market's residential property, new home inventory in Greater Vancouver fell by 72.24% year-over-year in October, according to MLA Canada.
Federal government meets with Vancouver housing partners
Officials and stakeholders from the Vancouver region met with a federal government minister last week to discuss issues relating to the National Housing Strategy.
New Chapter of Parq Vancouver entertainment complex cost about $630 million | Jeff Vinnick
That restructuring came after Parq twice deferred by a month its most recent interest payment – an action that prompted credit rating agency S&P Global Ratings on April 30 to downgrade Parq's credit rating significantly, to "selective default.…
It's about to get costlier to leave a Vancouver home vacant
Vancouver City Council has voted for an increase in its Empty Homes Tax (EHT) in each of the next three years; it will rise from the current 1.0% to 1.25% in 2020 with provision for further 0.25 percentage point increases in 2021 and 2022.
Where to Live in Canada: Vancouver Neighbourhood Guide
From sea to sky and everything in between, Vancouver has a lot to offer. After talking to a few Vancouverites and real estate experts, we put together a list of neighbourhoods to help you find what part of the city best fits your lifestyle.…
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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