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Manufactured homes an ideal retirement investment
Manufactured home pads rent to tenants for between $350 to $500 per month in B.C.'s Interior and northern Vancouver Island. Rents are allowed to increase 2.5 per cent this year under B.C.'s Residential Tenancy Act.
Metro Vancouver home sales down on annual basis, but up from January
Home sales across the region looked fairly dismal, down 32.8 per cent year over year at 1,484, and a whopping 42.5 per cent below the 10-year average for February (see graph below). However, this sales total is also a 34.5 per cent increase since January, as t…
Non-resident buyers’ impact on BC revealed
"It's 20% in the City of Vancouver, and it increases to 25% in Richmond and Coquitlam. So if every one in five to one in six new condominium apartments are owned by people who don't live or work here, non-residents are an important component of housing demand,…
Davie & Nicola 128 homes in a 22 storey tower at 1485 Davie Street by Vivagrand Developments
Those fortunate enough to live in one of Vancouver's oldest and most beloved neighbourhoods, the West End, never take their surroundings for granted, and for good reason. Bounded by English Bay, Coal Harbour, Stanley Park and the downtown core, this is one of …
Vancouver considers changes to city’s empty homes tax
"Given the number of property owners that chose to pay the tax instead of renting their property, it is possible that the current tax rate is not enough of an incentive to rent," a City of Vancouver staff report says.
Metro Vancouver home values to drop this year, but recover in 2021: poll
The housing market downturn in Metro Vancouver will persist this year, and stay flat in 2010, but will recover in 2021 – that's the consensus from a Reuters poll of 20 market analysts nationwide.
Foreign investors flocking to Vancouver's industrial segment
Numbers from Colliers International indicated that nearly 4.9 million square feet of industrial space was under development across Metro Vancouver as of the end of 2018. Almost half (45%) of this activity is in Surrey, Richmond, and Delta.
Hot Surrey housing beats Vancouver (and 81 other North American cities) in home price gains
Move over, Vancouver. Surrey has had the second-fastest rising home prices in North America over the past five years, suggests a study of 83 major North American cities that also sees five other Canadian cities make the top 10.
Redfin comes to Canada with full-service agents in Toronto
For Canada, the firm has begun with a Toronto launch Tuesday. Vancouver will follow in the spring with further cities expected to be added later.
Red tape is a major influence in Vancouver’s housing scarcity
Burnaby, Vancouver, and the District of North Vancouver are the areas hit the hardest by these delays, with development approval timelines being among the longest (at nearly 2 years) in the region.
Massive $3.5-billion Squamish ski resort aiming for 2025 opening
Ever since an environmental approval from the provincial government in 2016 was granted, there has been ample progress and movement on the planned Garibaldi at Squamish ski resort on the slopes of Brohm Ridge — an area about five minutes north of Squamis…
Next-door informer - number of Vancouver empty-home tips soar
Vancouverites have been happy to drop the dime on absentee neighbours, phoning in 1,456 tips about supposedly vacant or under-used homes since the introduction of North America's first empty homes tax.
‘Non-individuals’ own 10% of B.C. residential property: CMHC
Nearly one in 10 residential properties in B.C. are owned by "non-individual entities," according to the Canada Mortgage and Housing Corporation (CMHC).
No housing-related ‘brain drain’ from Metro Vancouver, says analyst
It has been frequently reported that the high cost of housing is driving the region's young professionals into a mass exodus to find more affordable homes in less expensive regions – but that's a myth, according to one data analyst.
Vancouver's empty homes tax visibly improved vacancy rates, supply
The ratio of unoccupied residential properties in Vancouver noticeably fell by 15% in just one year, and half of previously empty homes have been moved to the rental market, according to the initial returns of the city's 2018 empty homes tax.…
How much have Metro Vancouver homes dropped in value? (INFOGRAPHICS)
Property website Zoocasa took this data one step further, and created two infographics – one for detached homes and one for condos – that show how much in dollar terms each area's typical price has dropped over the past year.
Vancouver is a "victim of its own success" says Avison Young
The market is now facing a leasing crunch as the vacancy rate approaches a record low; at the end of 2018 it was down to just 5.1% (51.4 million square feet) from 8% a year earlier.
Metro Vancouver has posted the lowest January sales since 2009
The Real Estate Board of Greater Vancouver says that there were 4,848 new listings on the MLS system, a rise of 27.7% year-over-year and a 244.6% surge from December 2018.
Vancouver home sales fall nearly 40 per cent in January, as prices pull back
Vancouver's once red-hot housing market continued to cool last month as the number of home sales fell
Real Estate Board of Greater Vancouver reports another sharp drop in monthly sales
The Real Estate Board of Greater Vancouver's territory includes much of Metro Vancouver, Squamish, and Whistler, but not White Rock, North Delta, Surrey, or Langley.
The luxury market’s legs have weakened somewhat
Sales of properties valued at $4 million and above shrunk by 40% annually in Toronto last year. During the same time frame, activity in this price range fell by a more pronounced 49% in Vancouver
Home listings increase while buyers remain in holding pattern
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,103 in January 2019, a 39.3 per cent decrease from the 1,818 sales recorded in January 2018, and a 2.9 per cent increase from the 1,072 homes sold i…
10 Plums Upper Delbrook, District of North Vancouver 10 single family homes 4,000 to 4,791 square feet by Wallmark Custom Homes, Fusion Homes
Homes have been built on six of the 10 Plums sites. Fusion has completed four houses, while Wallmark has completed two homes in the subdivision and has four lots available with a custom-build opportunity for each lot.
Falling Vancouver condo prices could spell big trouble for pre-construction buyers
When someone buys a condo pre-construction, what they are really doing is entering into an agreement to purchase the unit at a later closing date. They'll typically need to get pre-construction mortgage approval from a lender, even though they won't actually b…
Vancouver's single-family homes are now mostly out of reach
Vancouver's affordability saga continues unimpeded as the city's single-family homes are now priced considerably above the median household income, according to a recent study by the National Bank.
Vancouver house prices still a shocker
t's difficult to generalize in Greater Vancouver, since some sellers in certain neighbourhoods have fetched roughly 15 per cent less than they would have in 1995, while others have seen their house values rise somewhat.
Vancouver immigrants spend $820K more on their homes
Immigrants to Vancouver are buying more expensive homes than Canadians in the city according to a new report. Official figures from Statistics Canada shows that homes purchased by immigrants are worth on average a third more than those owned by Canadians.…
Vancouver office vacancy drops to lowest level since 2008
Metro Vancouver vacancy has dropped to 4.5 per cent in the fourth quarter of 2018, and as low as 3.4 per cent in the downtown market. Demand has driven up prices to more than $50 per square foot for premium downtown space towards the end of the year. No new su…
Loblaws City Market to anchor massive downtown Vancouver post office redevelopment
The former central post office in Downtown Vancouver is destined for a massive revamp, and the historic building will be redeveloped into retail and office space. Now the "Post" developer, QuadReal , has announced that the retail portion will be anchored by a …
Oops, sorry about destroying the economy
There is now talk of a recession in Canada and the blame for the projected crash is clearly tied to government policies. Government tinkering began as a way to cool a hot residential market and it has been wildly successful, which even the Bank of Canada (BOC)…
Building List Count by City
- Abbotsford - 447
- Agassiz - 28
- Burnaby - 55
- Burnaby East - 78
- Burnaby North - 367
- Burnaby South - 346
- Campbell River - 1
- Chilliwack - 221
- Cloverdale - 194
- Comox Valley - 10
- Coquitlam - 566
- Delta - 10
- Duncan - 41
- Esquimalt - 59
- Gulf Islands - 6
- Harrison Hot Springs - 13
- Harrison Mills - 1
- Hope - 22
- Ladner - 110
- Langford - 156
- Langley - 539
- Maple Ridge - 312
- Mill Bay - 2
- Mission - 65
- New Westminster - 444
- North Delta - 28
- North Island - 2
- North Saanich - 8
- North Surrey - 411
- North Vancouver - 747
- Oak Bay - 44
- Osoyoos - 1
- Parksville / Qualicum - 7
- Penticton - 8
- Pitt Meadows - 75
- Port Alberni - 2
- Port Coquitlam - 268
- Port Moody - 268
- Richmond - 1162
- Saanich East - 232
- Saanich West - 92
- Sardis - 154
- Sidney - 152
- Sooke - 39
- South Surrey White Rock - 714
- Surrey - 667
- Tsawwassen - 98
- Vancouver East - 1000
- Vancouver West - 2488
- 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.