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Investment firm McCredie set to acquire Sutton Group in Metro Vancouver real estate shake-up
Sutton Group, headquartered in Burnaby, has 200 offices across Canada supporting roughly 6,000 agents delivering an annual sales volume of more than $35 billion. It's now under the leadership of real estate entrepreneur Ross McCredie, principal of McCredie Inv…
The speculation and vacancy tax is working
– it has returned over 20,000 empty condos in Metro Vancouver alone. We're taking action to turn more empty units into homes for people by expanding the tax to 13 new BC municipalities. An action plan to meet the challenges of today and deliver more home…
Province expands speculation tax on Vancouver Island, Okanagan
The province is expanding its speculation and vacancy tax to 13 new communities, many of them vacation destinations and adjacent to areas already subject to the controversial measure. "With so many people struggling to find secure housing, we have to keep taki…
What's the best use for the City of Vancouver's industrial land?
Vancouver is considering more mixed uses on industrial lands, including multi-storey buildings that will allow for artist studios and work spaces for tech companies and the film industry, according to city reports. The move is part of the city's ongoing effort…
12th and Burrard - Vancouver 0.69-acre (30,000 sf) strata windup site sells for $41 million
Price is equal to $1 million for each of the 41 units in the windup at the prime corner of Burrard Street and West 12 Avenue that is slated for high-density development
Minimum income to buy a home in Vancouver rises to $246,100: Report
f you want to buy a home in Vancouver, you would need to be making almost $250,000 a year, according to a new report. The minimum annual income required to buy an average $1.2 million home in Vancouver rose to $246,100 over a one-month period from July to Augu…
6081-6083 Collingwood Place project - city approves rezoning for five-storey rental apartment
Several Dunbar residents are speaking out regarding Vancouver city council's unanimous approval of a 30-unit, five-storey rental building on Collingwood Place. It's on a transit route, it's close to UBC and it's in a neighbourhood that desperately needs afford…
MLA Q3 Market Update
In the third quarter of 2023, the Metro Vancouver real estate market maintained a cautious stance, as both buyers and sellers awaited clearer signals on inflation and overall market direction. Following typical seasonal patterns, presale activity was reduced i…
Vancouver 0.69-acre strata windup site sells for $41 million
Price is equal to $1 million for each of the 41 units in the windup at the prime corner of Burrard Street and West 12 Avenue that is slated for high-density development
House prices have eased as the national home sales declined by 1.9 per
cent between August 2023 and September 2023, according to data from the Canadian Real Estate Association. This is now the third month of decrease, and a very atypical and alarming scenario given that sales almost always increase from August to September. This …
Greater Vancouver teeters on the brink of losing its appeal a prime investment destination
Well, just like the housing crisis is pricing out many Vancouverites and leaving them with no choice but pack up and move east, our latest economic impact study reveals that as the industrial land shortage inches closer to a crisis point, Greater Vancouver tee…
Revised rezoning application calls for 11-storey office tower and a 19-floor residential tower
Developer Bosa Properties, on behalf of the Cohen family, has presented a rezoning application for the shuttered Army & Navy store in Vancouver's Downtown Eastside. The application calls for commercial and rental housing towers at 8 to 36 Cordova Street and 15…
Projections. Policy. Presales. Here's what to expect for the Metro Vancouver real estate market this fall
In this second year of the interest rate rollercoaster, the name of the game has been "acclimation." Many who wanted to buy a home have learned to make do with the circumstances, resulting in the British Columbia market seeing more resilience than many expecte…
Vancouver and Toronto no longer in bubble risk territory with an avg 10% drop in prices in last year
Vancouver and Toronto, Canada's largest real estate markets, have seen a significant shift in housing market risk, according to the latest UBS Global Real Estate Bubble Index for 2023. This year's report indicates the cities are no longer in the bubble risk ca…
Vancouver city council approved to allow “multiplexes” throughout most of the city’s lowest-density neighbourhoods.
After the vote, Mayor Ken Sim heralded the move as a "bold action," calling it "a huge step forward to increase housing attainability and build more homes faster." But some described the zoning changes as too little too late. By city staff's own estimation, th…
A chronic lack of hotel rooms is a headache for Vancouver tourism, but the effects of the shortage reverberate far beyond that sector
Vancouver's limited hotel capacity produces several ripple effects, and has been repeatedly flagged as a problem by tourism businesses . Hotel rooms are needed for leisure tourists, people travelling for business and conventions, and for cultural and athletic …
Stanley v. Grech, the Court of Appeal for British Columbia upheld the dismissal of an action for professional negligence against the plaintiff’s real estate agent
he property in issue was one of two lots on a residential "strata" property in the Southlands area of Vancouver, in a neighbourhood containing large properties which had luxury homes as well as equestrian facilities. It turned out, however, that both the plain…
Vancouver City Council to consider allowing up to eight homes on each single-family lot
Single-family residential neighbourhoods cover much of Vancouver's land area, and such lots in these areas could see more homes on the same plot of land — going beyond the current limitations. Vancouver City Council is set to consider City of Vancouver s…
Manufacturing offsite for ‘public land parcels with underutilized land’ seen as solution to B.C.’s high construction costs and housing prices
Prefabricated apartments and public land are being pitched as paths to solving British Columbia's housing affordability crisis, according to some city planners and Alex Boston, executive director of the Renewable Cities think-tank at Simon Fraser University. "…
Two projects in Colwood cover 374 acres and will host 5,000+ new homes
The huge Colwood build is an anomaly as total new home registrations in B.C. through the first half of 2023 fell 23 per cent compared to the first six months of 2022. And, despite the highest home prices in Canada, housing starts could fall even further as dev…
Vancouver SRO owner rejects rent control, favours more housing supply
Greg Spafford of Forum Asset Management, which owns the Lotus Hotel at 455 Abbott St., said tying existing rents to units when a tenant moves out or is evicte will not solve Vancouver's housing crisis. "What Vancouver needs overall is just more housing - any t…
The penalty was handed to The Centre Pacific Project Marketing Corp., in Vancouver’s West End.
The broker was found to be in non-compliance of a number of regulations connected to money laundering and the Terrorist Financing Act, according to a notice posted to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Those included fa…
North Van's Riverside Drive to receive new affordable housing development
A portion of North Vancouver land has been selected as the site for a new project that will bring affordable housing to families, seniors and those with disabilities on the North Shore. The four undeveloped lots, located on Riverside Drive in the Maplewood Vil…
The government says the projects will provide 422 rental homes in Vancouver
The federal government has announced it will fund the construction of 422 rental homes in three projects/ A 178 units at 3435 West Sawmill from the federal government, nearly $4 million from the City of Vancouver, and just over $15 million in cash and land equ…
Fraser Valley leads the nation with 214 per cent surge in the first half of 2023
In Metro Vancouver, home sales rose by 190.1 per cent between January 2023 and June 2023, with 2,988 homes sold in the region in June, according to a report from real estate listing website Zoocasa. Among larger markets where more than 1,000 homes are sold, th…
Cambie Corridor land sells at more than $38M an acre
A 0.48-acre two-lot residential land assembly in Vancouver's Cambie Corridor has sold for the equivalent of more than $38 million per acre, bucking a trend that has seen land sales plunge this year compared to the first half of 2022. The assembly at 4338-4362 …
Vancouver council approves developer's request to defer $10 million payment
City staff had recommended approving the request from Anthem Properties to alter the schedule for the developer's community amenity contributions, which was agreed upon when the city's previous council approved the rezoning in 2021 for a 127-unit, 33-storey lu…
Vancouver Council will consider a new policy to address the “pace of change” in the Broadway area
Vancouver staff recommendation to allow only five new development proposals per year flies in the face of earlier plans – and the city's desperate need for more rental units
Greater Vancouver home sales up 77% from Jan., down 47% from last year: board says
The board says sales for the month in the area it covers totalled 1,808, down from 3,424 in February 2022 and roughly 33 per cent below the 10-year February sales average.
Redevelopment site sells for $9.5 Million located at 41 W Pender Street, Vancouver
Lot on West Pender Street has current commercial income potential and is approved for a mixed-use of retail, office and 16 units of residential rentals
Building List Count by City
- Abbotsford - 447
- Agassiz - 28
- Burnaby - 55
- Burnaby East - 77
- Burnaby North - 365
- 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 - 266
- 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.