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Is a fresh wave of overseas real estate investors coming from Hong Kong (again)?
Measures to cool the market have arguably "worked" – if slowing sales and reducing home prices was the goal. But has it now presented an opportunity for a fresh wave of overseas buyers to come in? Perhaps, if those buyers are really motivated. Recent pol…
Apple Inc. to occupy Vancouver tower currently under construction
Apple is reportedly planning on taking over two storeys of a tower currently under construction near the intersection of West Georgia and Homer Street in downtown Vancouver.
Metro Vancouver’s purpose-built rental building sales plummet from a year ago
Residential sales down in B.C. on annual basis, up nationwide Near-12-per-cent year-over-year sales decline in B.C. is offset nationally by gains in Toronto and Montreal
Vancouver outskirts seeing the vast majority of new rental development
Since 2016, new proposals for rental-purpose buildings in the city have declined by 29%. Much of the new volume has manifested on the suburbs, which have enjoyed a sharp 147% increase in proposals.
B.C. Supreme Court rules against developer Concord Pacific in Plaza of Nations case
High-profile real-estate legal battle between Singaporean site owner and Vancouver developer may not be over, as Concord Pacific considers appeal
Monument 22 one, two and three bedroom homes at 2485 Larch Street by Epta Development Corp
The Greek community's long history in Vancouver's Kitsilano neighbourhood has a special connection for Epta Development Corporation, the developer behind the 22-unit Monument project on Larch Street.
Presale condo project sales rates hit new lows in Metro Vancouver
The sales rate for presale condos hit a low of 14 per cent in June, with buyers signing sales contracts for only 73 out of the 519 units on the market in Greater Vancouver and the Fraser Valley.
Two-storey homes, bungalows are among Vancouver’s priciest
Two-storey homes remain Vancouver's most expensive residential asset class, with an aggregate price of over $1.5 million.
Southgate 2627 Gore Street Kelowna 19 homes in a 4 storey building by Teano holdings
Vancouver-based developer David Bakonyi is confident the 19 homes in his new Kelowna project will appeal to a variety of buyers — from young professionals to empty nesters, whether they're already living in the Okanagan city or planning to make that move…
WeWork snaps up 10 floors of BentallGreenOak’s under-construction Vancouver tower
The 32-storey office tower at 1090 West Pender Street is the first Vancouver flagship building from the merger of developers Bentall Kennedy and New York investment firm GreenOak Real Estate . The tower is scheduled for completion by February 2023 and WeWork i…
Which Vancouver Island neighbourhoods are still seller’s markets? (INFOGRAPHIC)
Map of sales-to-active-listings ratios shows where the housing hotspots have been this spring; many remain seller's markets
Vancouver axes rental developments in White Rock despite near-zero vacancy rates
The Metro Vancouver city council has nixed developer Mahdi Heidari's plans for an 84-unit rental building in White Rock, marking the latest in a string of rejected projects that would have otherwise offered some help in easing the region's dangerously low vaca…
Toronto, Vancouver tied for lowest office vacancy rate in NA
CBRE Canada says that Vancouver's office vacancy rate dropped to 2.6% in the second quarter of 2019, from 4.7% only a year ago. Meanwhile, the vacancy rate in Toronto held steady at 2.6% thanks to a downtown construction boom.
Can the First-Time Home Buyer Incentive Be Used in Vancouver?
The First-Time Home Buyer Incentive (FTHBI) has been highly scrutinized since it was first announced by the federal government in March; the program, which will see the Canada Mortgage and Housing Corporation (CMHC) provide interest-free down payment loans to …
Vancouver has joint-hottest office market in North America: report
Downtown office vacancies plummet to 2.6 per cent, the most in-demand on the continent along with Toronto
Even starter condos are tough to sell in Vancouver right now
Similar to the detached market, the majority of the weakness in the condo market is at the higher end of the spectrum. In other words, the more expensive the condo the more challenging it is to sell
Vancouver council continues Vision's crisis management of development
Vancouver was established on a grid pattern of arterials for streetcars (replaced by trolley buses) to serve separate and distinct neighbourhoods across the city. Each neighbourhood was designed to be walkable and transit oriented, with a commercial street, sc…
Vancouver housing falls further while Toronto prices climb higher
First up was Toronto. Kavcic notes sales in June were up 10.4 percent annually, while the benchmark price climbed 3.6 percent. "Month- over-month, condo prices looked very strong, and remain the much tighter subset of the market," writes Kavcic.…
The mansion owner at 1138 Matthews Avenue, listed by Sonja Pedersen of Remax Crest Realty, is fighting the vacant home tax
According to a notice of civil claim filed in B.C. Supreme Court, the retiree accidentally filed utility bills and an insurance policy from the wrong year in support of his declaration that his five-bedroom house wasn't empty.
The $22.5 billion drop: Figures show Vancouver real estate coming 'back to reality,' realtor says
New sales figures show the value of Lower Mainland real estate transactions for the first six months of this year plunged more than $22.5 billion from the same period three years ago.
The owner of 1138 Matthews Avenue fighting vacancy tax bill
In the latest court challenge to Vancouver's vacancy tax, the owner of a $12.5-million Shaughnessy home is seeking to appeal his $128,000 tax bill.
Stubborn Vancouver home sellers aren’t dropping their list prices
We're continuing to see an expectation gap between home buyers and sellers in Metro Vancouver. Sellers are often trying to get yesterday's values for their homes while buyers are taking a cautious, wait-and-see approach
Vancouver home sales post weakest June in almost 20 years
The Real Estate Board of Greater Vancouver says that sales in the month lagged the 10-year average by 34.7% with 2,077 total sales. That's 14.4% below June 2018 and 21.3% below the total sales in May 2019.
Greater Vancouver homes for sale stockpile as buyers slow, prices slide: report
Sellers are often trying to get yesterday's values for their homes while buyers are taking a cautious, wait-and-see approach
Housing supply up, home sales and prices down in June
With home buyer demand below long-term historical averages in June, the supply of homes for sale continued to accumulate in Metro Vancouver*.
Owners of controversial site in Shaughnessy to build single mansion instead of rental townhomes
The owners of a residential lot on Granville Street in Vancouver's Shaughnessy neighbourhood will not be submitting a new proposal to construct 21 rental townhomes, and are instead proceeding with plans to build a single mansion.
1 in 13 Vancouver families can afford homeownership
"Only one in eight families earns the income necessary to manage ownership costs in the Vancouver area, and one in five families in the Toronto area and Victoria. And this isn't taking into account the mortgage stress test," said RBC's report on Housing Trends…
Only 7% of Vancouver families can afford homeownership
"Only one in eight families earns the income necessary to manage ownership costs in the Vancouver area, and one in five families in the Toronto area and Victoria. And this isn't taking into account the mortgage stress test," said RBC's report on Housing Trends…
Making sense of Vancouver's luxury condo market
Despite both global and local trends that have dampened condo demand, there remains a seemingly alternate universe of luxury projects and high-end highrises that are coming to Vancouver.
New purpose built 500K square foot lulu lemon headquarters on great northern way will be eco friendly
The company says it has outgrown its existing facilities in Vancouver including the global headquarters in the Kitsilano neighbourhood, and is now proposing to build a new and expanded purpose-built office building — called the Store Support Centre &mdas…
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