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Current policy regime is stifling BC home resales – analysis
Stricter government policies on housing have proved to be a potent factor pulling down resale demand in BC, according to Vancouver's Central 1 Credit Union.
Economist forecasts stability to return to Metro Vancouver's detached housing market
"The detached market overall will stabilize faster than apartments because it's been running lower for a longer period of time," economist
New website informs buyers of homes' last sold price
HonestDoor.com claims a Canadian first in giving details of the last sold price of all houses and condos. It is initially only available in Edmonton but has national expansion ahead, with Calgary, Winnipeg, and Vancouver among its key targets.…
Mixed-use developments in Metro Vancouver are ripe for investment
Metro Vancouver and its constituent municipalities have encouraged developers to build along transit corridors and allowed higher densities at development sites that had long been established as commercial retail nodes such as regional malls…
Metro Vancouver's urban enclaves promise even more investment
The trend is being spurred on by the city's political borders and geographic limitations – factors that have led to a consistently severe shortage of developable land.
Starchitects still coming with big designs to change Vancouver skyline
Rumours about the death of Vancouver's high-end real estate market may be exaggerated. Several new highrise developments are in the works for downtown. And many are high-end projects being designed by internationally renowned "starchitects."…
Latest Vancouver real estate pitch: Free wine for a year with pre-sale condo purchase
A Vancouver condo developer is offering free wine to presale buyers in an attempt to one-up a competitor that offered free avocado toast to purchasers — attention-seeking gimmicks for a slowing real estate market.
Developers hit pause on riskier, highrise condo projects: Urban Analytics
Vancouver-based developer Townline gave official notice that it's postponing its Meridian project, a 39-storey tower with one-, two- and three-bedroom units near the Evergreen Line in Coquitlam.
Amid taxes, values of Metro Vancouver properties fall substantially
An array of restrictive policies like school and speculation taxes have led to the loss of as much as $90 billion in the overall value of Metro Vancouver properties, according to an analysis by a non-partisan organization.
One in five proposed Vancouver housing units has been shelved: report
With new home sales dropping in tandem with resale residential units, Vancouver developers have been rapidly shelving projects, according to a new report by Altus Group .
Nearly $90B in equity wiped off Lower Mainland home values in past year
While falling home prices may be good news for those trying to get into the real estate market, they're certainly not welcomed by the 63.7 per cent of Metro Vancouver adults who own their home.
Vancouver launches new online tools to help speed up building
The project to improve clarity and simplify the regulations was launched in 2018 and is the first effort to review and reform over 60 years of policy-making in zoning and land use.
West Vancouver has been hit hardest by the housing market correction
A new Zoocasa study of Metro Vancouver shows how 15 neighbourhoods are faring in an environment of depressed demand that has become the new reality in what was once the country's hottest real estate region. The Canadian real estate company looks at two key met…
Re/Max withdraws from referral deal with Redfin
In March, the companies announced the alliance for Redfin offices in Canada (currently in Toronto and Vancouver) and the U.S. Under the arrangement, in areas where Redfin does not have offices, Redfin referred customers to approved Partner Agents at other brok…
BoC will cut interest rates twice this year says Capital Economics
He said that with condo presales in Toronto and Vancouver in 2018, developers have found it harder to secure investment in new projects. That, says Brown, is likely to have an impact on employment and consumption, making a big dent in the country's output.…
Parq Vancouver’s debt problems spark questions about public incentives
Parq announced May 10 that it has restructured its debt to lower its annual interest payments, which had totalled $112.2 million per year on close to $560 million in debt related to project funding to build the complex, but the company did not reveal too many …
Trudeau says new mortgage rules cut froth in Toronto, Vancouver
The Canadian government is monitoring whether tougher mortgage rules are having the desired effect but doesn't favour allowing longer mortgage terms, Prime Minister Justin Trudeau said.
Find Vancouver real estate expensive? Check out these exorbitant markets
Vancouver, being a young city with a relatively underdeveloped housing market, tends to have much more space in condos than a lot of expensive world cities. This brings down the average price per square foot – so you get a lot more condo for your buck.…
Are Toronto, Vancouver facing an office vacancy surge?
Research firm CoStar Group says that the vacancy rate in downtown Toronto, which was at a historic low of 2.9% in the second quarter of 2018, will hit 6% in 2023.
Vancouver's luxury market: 'There's something wrong with this picture'
Trying to put a positive spin on Vancouver's luxury property prices—where a two-bedroom, 1,831 square foot condo costs $2,660,000—is a tall order.
Money laundering drove up B.C. real estate prices by 5%: reports
An estimated $5.3 billion of laundered money into B.C. real estate in 2018 hiked housing prices about 5 per cent, two special reports released May 9 by the provincial government show. However, since the figures are for the entire province and based on incomple…
Vancouver sales volume falls due to slackened demand
Overall transactions declined by 29.1% annually in April, down to 1,829 sales. This is despite a gain of 5.9% from the 1,727 deals in March.
Average Vancouver home prices could lose $100,000 from 2018 peak
The housing recession that is sweeping across the Vancouver area will leave home prices 12 percent below the peak achieved last June, an economist predicts.
Squamish Nation to build 3000 rental units by Burrard street bridge in Vancouver
Squamish Nation has announced its plans to begin the development of one of Canada's largest Indigenous urban developments, slated to arise beside Vancouver's Burrard Street Bridge.
Montreal sees 183% surge in foreign buyer investment because of foreign buyer tax in Toronto and Vancouver
Foreign Investment in Montreal's property market surged a whopping 183% in 2018 over the previous year—the likely the result of foreign buyer taxes in Toronto and Vancouver.
Vancouver home sales slump again to 43% below average
The Real Estate Board of Greater Vancouver says that there were 1,829 sales in April, up 5.9% from March but 29.1% below the April 2018 figure and 43.1% below the 10-year average.
Wondering what sells in Vancouver’s slower market?
Our ocus was on which pockets of Greater Vancouver have strong sales. We looked at data during the most active selling months (Sept - Oct 2018 and Feb - Mar 2019) and analyzed areas with the highest sales-to-active listings ratio, a handy benchmark that compar…
Analysis: Only 43 Metro Vancouver homes over $7M have sold in past year
The Metro Vancouver real estate market is clearly cooling down, and nowhere is this happening faster than in the high-end detached home sector, an analysis of MLS data reveals.
Home-alone trend is adding fuel to housing crisis
n Vancouver, the most expensive rental housing market in Canada and one of the least affordable for homebuyers on the planet, about one-third of the homes have just one resident.
Metro Vancouver residential property prices still sliding as listings pile up: REBGV
The board said that the composite benchmark home price across Metro Vancouver dipped to $1,008,400 in April, very close to edging back down over the million-dollar mark. This is 8.5 per cent decrease over April 2018's price, and a 0.3 per cent decline from Mar…
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- Comox Valley - 10
- Coquitlam - 563
- Delta - 10
- Duncan - 41
- Esquimalt - 59
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- Harrison Mills - 1
- Hope - 22
- Ladner - 109
- Langford - 156
- Langley - 529
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- Mill Bay - 2
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- 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
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- Vancouver East - 998
- Vancouver West - 2482
- Victoria - 665
- View Royal - 46
- West Vancouver - 230
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