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Montreal to be the star market for 2019 says Royal LePage
The two hottest markets will see among the slowest appreciation in the coming year with Greater Vancouver prices rising just 0.6% and the Greater Toronto Area gaining 1.3%.
Commercial real estate sales decline and price activity varies across the Lower Mainland
Commercial real estate sales in the Lower Mainland declined in the third quarter (Q3) of 2018 compared to the elevated activity experienced in recent years. There were 565 commercial real estate sales in the Lower Mainland in Q3 2018, a 19.5 per cent decrease …
'Wait-and-see' approach pulling down Vancouver demand
In November, the market's sales volume fell 42.5% year-over-year, bringing it to a level 34.7% below the 10-year average, according to the latest numbers from the Real Estate Board of Greater Vancouver.
42.5% sales decline signals hard times ahead
The 1,608 home sales in Metro Vancouver are worrying, but there were earlier indications that the city's housing market was decelerating, says Adil Dinani, a sales representative with Royal LePage in Vancouver.
Modest growth for Vancouver’s CRE market
he British Columbia Real Estate Association's Commercial Leading Indicator (CLI) for the third quarter shows no significant change from the previous quarter and a 1.3% gain from Q3 2017.
Could this be the answer to Vancouver’s affordability crisis?
The professor's model calls for changing the basis for taxation of rental homes from their value to their potential rent. This is based on his calculation that Vancouver's property taxes should be four times higher than a typical Canadian city rather than lowe…
Vancouver's new home market to remain stable in 2019
New home prices won't collapse next year, nor will they begin surging again, predicts a market observer with about 30 years of experience in the industry.
1450 West Georgia 49-storey highrise proposed with 162 rental units and 187 condos by Wesgroup
Developer Wesgroup has revealed plans for a 49-storey tower at 1450 West Georgia Street in Vancouver's chi-chi Coal Harbour neighbourhood, according to a report by local urban design blog UrbanYVR. The proposed building is set to replace an aging rental buildi…
Vancouver sales, prices decelerating due to various pressures
Board president Phil Moore attributed this and the lower prices across all property types to a "wait-and-see approach" that a substantial proportion of would-be buyers and investors have adopted for most of 2018.
Vancouver sales slump continued in November
"Home buyers have been taking a wait-and-see approach for most of 2018. This has allowed the number of homes available for sale in the region to return to more typical historical levels," Phil Moore, REBGV president said. "This activity is helping home prices …
Canadian markets next year will look like…
The forecast for Vancouver, however, is not as auspicious as Canada's two largest cities. Vancouver has suffered gales of difficulty lately, beginning with the B-20 mortgage stress test that's similarly affecting Toronto. But with Vancouver, the NDP government…
B-20 Stress Test (Bill 20) is doing more harm than good - totally Shut down the Vancouver market
The Canadian Home Builders' Association argued that the rules are now doing more harm than good to the market, especially to millennials and struggling markets like Calgary.
Vancouver real estate sales and prices down to more ‘historical’ levels, board says
Slower activity in the Metro Vancouver housing market from buyers taking a wait-and-see approach has caused sales and prices to drop to historical levels, according to the Real Estate Board of Greater Vancouver.
Metro Vancouver home sales down 42.5% in November
October may have shown a slight uptick in Metro Vancouver home sales since September's dismal activity, but the latest statistics from the Real Estate Board of Greater Vancouver show that transactions dropped again November.
Naive politicians will keep Metro Vancouver tenants in turmoil
Then the City of Vancouver 's new council piled on to make sure it can make Canada's most demanding rental market even tighter and costlier. Like some neighbouring municipalities, Vancouver apparently believes it can demand condo builders deliver low-cost rent…
6137 Collingwood Place to be auctioned off in Hong Kong
A high-end property in Vancouver's premier West End district will be put up for sale to the highest international bidder as part of Concierge Auctions' December sale.
Future Development Sites by Concorde
For 30 years, the lots on the north shore of False Creek have lain dormant. But last month, the city announced a deal with Concord Pacific to build 650 affordable units on three of the properties while allowing the developer to build market housing on the othe…
Cambie Gardens phase one a 24 storey and 26 storey towers at 650 West 57th Avenue by Onni Group
Homes in the first phase of Cambie Gardens, the master-planned Vancouver community between Cambie and Heather streets and West 57th and West 59th avenues, are now on the market as the Onni Group prepares to start construction of the East and West towers in 201…
No, detached home prices in Vancouver aren’t collapsing, according to this infographic
The market instead reached a new high of $1.5 million in May of 2017, according to Glacier Media's analysis presented in a new infographic. And as recently as this summer, pricing had returned to around the $1.4-million level, before cooling slightly in the fa…
Vancouver’s empty homes tax revenue higher than expected
The latest numbers were revealed in the city's first empty homes tax annual report, which was released Nov. 29. In the first year, close to 184,000 declarations were submitted, representing 99 per cent of all residential property owners in Vancouver.…
Stack office tower by Oxford Properties stands 161.5 metres
Slated to be the tallest commercial building in Vancouver by far, the 161.5-metre Stack office tower by Oxford Properties Group will be among Canada's very first buildings to be erected to the "net zero carbon" emissions standard, the developer announced.…
Metro’s 2018 vacancy rate remains tight while rents continue to soar
It is the fifth consecutive year Metro Vancouver's rental vacancy rate has been at or below one per cent, which continues to put pressure on rents.
Why this economist says Vancouver’s housing recovery will probably be rougher than Toronto’s
Vancouver housing is more overvalued, and there are clear signs of excess supply coming to the market in the next couple of years
Little Mountain development site awaiting on planning department approval
Once a home to 224 low-income families, Vancouver's 15-acre Little Mountain site is mostly a fenced-off field full of weeds. We reveal new details about the financial structure of this long-delayed deal and some hope for the future.
Vancouver project promises 6 decades of affordability
Over 60% of the units will have rents at or lower than 30% of median household income in the area and, under an agreement with the City of Vancouver, this affordability will be maintained for 60 years
Belle Isle 88 stacked townhomes at 2060 Curling Road North Vancouver by Citimark
Belle Isle is a collection of stacked townhomes from developer Citimark at Lions Gate Village on the North Shore
Notable weakness observed in Western Canada – CREA
The CREA's October measurement of the nationwide sales-to-new-listings ratio, which illustrates demand by quantifying absorption during the same month, showed that Vancouver suffered the most significant adjustment: The city's ratio fell by 26.22% year-over-ye…
Inventory glut and government intervention slow Vancouver
In terms of multifamily income-producing properties, the Vancouver market has been one of the strongest in North America with vacancy rates hovering around, or below, 1%," said Rene Palsenbarg, Marcus & Millichap's regional manager and managing broker. "Becaus…
Vancouver's tenants and their single-family home dreams
Indeed, almost 30% of the respondents of a new study published by Altus Group last week admitted that if price was not an issue, they would choose to live in a single-family home in the suburbs instead of staying in a rental unit in the downtown area.…
5 charts that put BC’s tumultuous housing market in perspective
In BC, existing home sales continue their descent, but realtors suggest that by 2019, the resale market will begin to recover. Meantime, new home sales in the province's biggest market, Vancouver, have actually climbed — although unsold inventory is also…
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