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Amber 633 West King Edward Avenue 31 one, two and three bedroom homes by Aragon Properties
Aragon Properties' soon-to-be launched multi-family development at Ash Street and King Edward in Vancouver – is scheduled to be completed almost immediately.
New regulations might benefit Vancouver long-term rental supply
In the four months since Vancouver's new real estate regulations came into effect on September 2018, a little over 300 homes have returned to the market's long-term rental supply, after previously being used as full-time Airbnb units.
Condo incentives ramp up, but can they save slow-selling projects?
Cash bonuses of up to $100,000 for realtors; free flights, skis and golf; free mortgage interest and property tax payments for the first year; no strata fees for life; eight per cent interest paid on deposits for presale buyers. All of these and more – i…
Political unrest in Hong Kong is bad news for Vancouver millennials
With political upheaval in Hong Kong, which has seen millions take to the streets to protest an extradition law with Mainland China, speculation is rampant that a rush of new residents will make their way to Vancouver.
AutoProp is now available to 18,000 realtors – a MyLTSA product
The Fraser Valley Real Estate Board, the BC Northern Real Estate Board and the Chilliwack and District Real Estate Board have all introduced AUTOPROP as a new service available to their members, following its adoption by the Real Estate Board of Greater Vancou…
Owners aren’t actually present in nearly half of Vancouver’s condos
Vancouver's condominium market has been a hotbed of activity and price growth over the past few years, but Simon Fraser University academic Andy Yan has just confirmed many hopeful home buyers' worst fears: Almost half of the city's condo units are not occupie…
Magnum Projects’ new development Soleil in White rock offers 8% return on down payments
A condo called Soleil White Rock Living, located in the retirement community of White Rock about three-quarters of an hour from downtown Vancouver, is enticing buyers with the prospect of making an extra $23,275 to $77,275 in interest on their 20% down payment…
Owner of $24 million Point Grey home goes to court to fight $249,000 vacancy tax bill
The owner of a Point Grey home is going to court to fight a $249,000 empty homes tax bill she was ordered to pay by the City of Vancouver.
These 2 Canadian housing markets keep reaching new all-time price highs
The margin between current Vancouver home prices and peak heights continues to widen. Off 4.98 percent from July 2018, Vancouver prices fell 0.25 percent on a month-over-month basis and 4.05 percent annually.
Vancouver office building managers’ response to homeless people has shifted
"It's completely flipped. We're approaching it with the idea of trying to help them"
Which Metro Vancouver areas are still seeing strong real estate sales?
In the current slowing real estate market, it's easy to read the headlines and imagine that sales are plummeting all over the region and it's becoming a buyer's market. But that's not necessarily true of all areas – or all property types.…
Lower Mainland CRE sales down sharply in first quarter
The Real Estate Board of Greater Vancouver says there were 318 CRE sales in Q1 2019 according to data from its Commercial Edge system. That's a drop of 42.1% from a year earlier.
Vancouver leads major global markets for office rent growth
A report from CBRE shows that over the past two years rents have gained 31%, beating growth in London, Tokyo, and New York combined. Vancouver is the only city to make the top 10 in CBRE's Global Prime Office Occupancy Costs report for the past 2 years.…
Greater Vancouver commercial real estate sales down 49%: Altus Group
Sales value are down 49 per cent in the first quarter of 2019 as compared to the same period last year, totaling $1.58 billion. Sales velocity also slowed considerably, down 36 per cent from the year prior. Three hundred and twenty-two transactions mark the lo…
Feds announce $10M for RCMP to fight money laundering after ministers' meeting
The federal government has announced $10 million to help the RCMP prosecute money laundering after a special meeting in Vancouver of Canada's finance and justice ministers to discuss the pervasive problem.
Millennials need a major home price drop or sharp wage increase
Vancouverites would need their typical full-time wages to increase to $200,400 or four times their current level; or house prices would need to fall by three-quarters (a $795K drop) to make homes affordable
BC leads permits to record high but there’s a good reason why
British Columbia led the gains with builders keen to beat the rise in development costs being introduced in Metro Vancouver the following month; but there were gains for six provinces overall.
Market collapse appears less likely says RBC
Last week's market reports from real estate boards including those in Vancouver and Toronto show that there is recovery underway with even the tough market conditions in Vancouver suggesting a bottoming-out.
Vancouver commercial investment is not having a good 2019 so far
A total of 322 commercial transactions were completed in the market during the first quarter, shrinking by 49% annually. Altus Group director of data solutions Paul Richter noted that this was the lowest commercial volume seen in Vancouver in several years.…
Vancouver’s luxury home market is very attractive because you can dump your money here and you pay a modest amount of property tax
Point2 Homes recently made the comparison, and while it does have merit—Vancouver is a global real estate staple and prices are a relative bargain compared to those found in London, New York and Paris—it begs the question: Why are prices so expensi…
Vancouver condo launches picked up steam in May after slow April
Suzana Goncalves, an MLA partner and executive vice president of sales and marketing, notes that developers in the Lower Mainland are taking their time before bringing projects to market, suggesting some of the planned April launches were held back to May.…
Developer postpones pre-sales for high-rise towers in Burnaby and Coquitlam
There has been a dramatic slow-down in pre-sales centre traffic starting around last October. It's estimated to have dropped by about 70 per cent.
Toppen Ridge 24 two and three bedroom townhomes at 237 Ridgeway Avenue North Vancouver by Formwerks Boutique Properties
To meet the City of North Vancouver's contemporary design guidelines for the Moodyville neighbourhood while also incorporating features that echo the area's industrial past and meet homebuyers' demand for a simpler design esthetic, Formwerks Boutique Propertie…
How to lose money developing a big-city casino
Questions swirl around whether taxpayer money was used wisely in courting the Parq Vancouver entertainment complex development given that project's financial woes. Yet a look at the process of delivering the city's biggest casino shows that trusting the word o…
All levels of government inflaming housing crisis: Ipsos poll
An Ipsos poll conducted on behalf of the Urban Development Institute found a strong majority of the 1,001 respondents don't believe their governments, whether municipal, provincial or federal, are doing enough to improve the province's housing situation. In Va…
BC’s housing market to bounce back from Vancouver price correction by 2021
Central 1 Credit Union anticipates BC home sales will pick up again in 2020, and the following year prices are expected to increase as well but for now they're "marshmallow soft."
Unlicensed broker arranges $511.6 million in mortgages
A broker in Vancouver who was suspended over a decade ago has been slapped with an order to cease and desist activities by the Financial Institutions Commission (FICOM) after arranging $511.6 million in mortgage loans.
Realtors reeling as Vancouver real estate frenzy ends
A comparison between figures for first five months of 2016 and 2019 show sales volumes and numbers down by nearly three-quarters (75%) for the top 100 realtors of 2016.
Only the 1% can afford a house in Vancouver today
According to the study, a household needs to earn $240,000 annually just to afford a benchmark, or typical, detached house in the city.
Metro renters pummelled by demovictions and gentrification
"The problem in Metro Vancouver is that affordable rental is being replaced by expensive condos. It's the history of gentrification," says UBC geographer David Ley, author of Millionaire Migrants.
Building List Count by City
- Abbotsford - 447
- Agassiz - 28
- Burnaby - 55
- Burnaby East - 77
- Burnaby North - 366
- 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 - 267
- 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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