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Reduced demand and increased supply remain the trend across Metro Vancouver’s housing market
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,829 in April 2019, a 29.1 per cent decrease from the 2,579 sales recorded in April 2018, and a 5.9 per cent increase from the 1,727 homes sold in Ma…
Luxury home market experiencing 'carnage' in some spots
Longtime realtor Brent Eilers who's watched the ups and down for nearly four decades called the 50 per cent drop "extreme," but wagered that with the slow-down, which means West Vancouver properties above $5 million are now sitting on the market for three plus…
Here's What The Bank Of Canada Says Is The Real Reason For The Housing Slowdown
A report issued by the Bank of Canada (BoC) paints a very different picture of what happened in the overheated real estate markets around Toronto and Vancouver over the past several years.
Redfin launches to ‘‘fantastic response’’ in Vancouver
The Vancouver office will cover an area from Delta to the Whistler ski resort and is led by Brooks Findlay who will run the operation as managing broker.
Under 3% of Vancouverites can afford a house
Assuming a 20% down payment at a 3.75% mortgage rate on a 30-year amortization, a recent Zoocasa report revealed it takes an income of at least $205,475 to be able to pay the benchmark price of $1,441,000.
Vancouver industrial market activity exceeds $150M in Q1 2019
Metro Vancouver's robust industrial market has seen sales activity surpass $150 million during the first quarter of the year alone, according to Avison Young's Spring 2019 Metro Vancouver Industrial Overview.
One Central 550 homes in a 44 storey tower at 13350 Central Avenue Surrey by Aoyuan property Group
One Central, Aoyuan Property Group's 550-home residential tower, is set to be a big part of Surrey's transformation and a landmark on the city's evolving skyline.
The taxes that sent Vancouver’s luxury housing market reeling
Vancouver's housing market is buckling under a slew of taxes and regulations introduced since 2016 to tame years of relentless growth that made the city the most unaffordable on the continent.
Vancouver home prices are going to fall further this year
While the economy is solid, buyers are constrained by financing capacity while most prospective sellers are less willing to cut prices and are holding out .
Heritage buildings shown some love by Vancouver
Heritage buildings and assets in Vancouver have been given a conservation boost by the City Council which has approved three components of a preservation package.
13 strategic questions to identify whether an agent is the best fit
"Listen carefully and ask follow-up questions to find out what they'll do, how they'll do it and if they delivered on their promises to other customers," says Bryan Velve , RE/MAX Crest Realty, an agent with 30+ years in the Vancouver area. "Agents are the kin…
The Oaks 731 Anskar Court Coquitlam 135 homes in a 6 storey building by Strand Developments
West Coquitlam has been described as a growing hub of culture and outdoor recreation, an ideal place for families to put down roots and for people to connect with each other. It's this sense of interaction that has inspired Strand to develop The Oaks as a uniq…
MODE 3438 Sawmill Crescent Vancouver a 25 storey tower with 257 homes by Wesgroup Properties
The 25-storey building is part of the second phase of the 130-acre master-planned River District community between Kerr Street and Boundary Road in southeast Vancouver.
Owners of West Georgia White Spot site propose two luxury condo towers
Carnival Group International, a Chinese company known for building a giant resort development in Qingdao on China's east coast, partnered with Vancouver's ASPAC Developments to buy and develop two-thirds of a block on West Georgia into a luxury condo project.…
Luxury homeowners renting to avoid Vancouver’s EHT
With wealthy Chinese owners pulling back and home prices impacted by the mortgage stress test, a growing number of owners are turning to the rental market where the vacancy rate has been near-zero.
Vancouver's spate of new rules discouraging foreign investors
The recently proposed Landowner Transparency Act – which will compel corporations, trusts, and partnerships to reveal ownership information – is also cited as a major factor scaring off investors.
After a long boom, most Vancouver homebuilders don’t know what a housing crash looks like
Roughly 20 years of home price growth might have some developers missing red flags. Perhaps they've forgotten about the late-'80s bubble and subsequent '90s stagnation or simply were not active in the industry at the time.
House price index posts first non-recession March fall in 20 years
Indexes were down month-over-month in seven of the 11 metropolitan markets surveyed – Ottawa-Gatineau (−1.5%), Victoria (−1.1%), Vancouver (−0.5%), Calgary (−0.5%), Toronto (−0.3%), Winnipeg (−0.3%) and Hamilton (&minu…
BC Real Estate Sector Submits Anti-Money Laundering Recommendations To Government
The participating organizations include the British Columbia Real Estate Association, the Appraisal Institute of Canada – BC Association, BC Notaries Association, Canadian Mortgage Brokers Association – British Columbia, and the Real Estate Board o…
Vancouver vacancies, supply drop further this year
Rising rental rates and highly limited availability may start forcing tenants to consider locating outside of Downtown Vancouver in order to fulfill their office requirements.
Squamish Nation plans large housing development at south end of Burrard Bridge
Given its proximity and location, the nation has always identified it for economic development," Khilselim told On The Coast host Gloria Macarenko, adding the money generated by the housing could fund social, education, health and housing programs for the nati…
Record high for Vancouver industrial sector amid ‘unrealistic’ boom
The market conditions mean that traditional owner-occupiers in the sector are being left on the sidelines for freestanding buildings and were mainly buying strata units in 2018.
Toronto holds strong while Vancouver dips and Montreal soars
The Royal LePage House Price Survey revealed that, early last year, Canada went through the most pointed housing correction since the Great Recession in 2008, and while signs of recovery manifested in late 2018, they have since receded.
Vancouver added record number of new homes in past 2 years
Of the new homes over the past two years, 3,640 are social and supportive homes, 1,300 are laneway homes, 1,851 are purpose-built rental homes, 8,338 are condominiums, and 275 are townhouses.
Canada’s major housing markets still at high risk of price drops, says IMF
Canada's biggest real estate markets are still at high risk of a sudden home price drop, according to a new global report by the International Monetary Fund , published this week. The risk of a major price correction has increased over the past few years to a …
Despite lower prices, Vancouver housing remains out of reach
Vancouver's housing market has slowed considerably, but that doesn't mean finding housing is any easier for its citizens.
Altus Group forecasts, risk assesses Vancouver housing market
Vancouver's soft real estate market has done little to relieve the squeeze constrained housing supply is putting on locals.
Altus Group forecasts, risk assesses Vancouver housing market
Vancouver's soft real estate market has done little to relieve the squeeze constrained housing supply is putting on locals.
New registry plans to expose hidden Vancouver property owners
In Vancouver, it's impossible to identify the true owners of nearly half of the city's most expensive properties -- dozen of homes are held by anonymous shells, with one $29 million waterfront mansion registered to a student and others to homemakers with no ap…
Almost half of Airbnb listings in Vancouver remain unlicensed
In order to increase rental inventory, Vancouver passed a series of rules last year requiring Airbnb operators to register for a license. However, it looks like almost half of Vancouver's listed Airbnb operators remain unlicensed.
Building List Count by City
- Abbotsford - 447
- Agassiz - 28
- Burnaby - 55
- Burnaby East - 77
- Burnaby North - 366
- Burnaby South - 344
- 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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The listing data is deemed reliable but is not guaranteed accurate by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board, Real Estate Board of Greater Vancouver, nor BCCondos.