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Here are the cheapest neighbourhoods to rent in Metro Vancouver this October
Rent costs haven't surged upwards this October, but the region remains Canada's priciest market. The average cost to rent a newly listed, unfurnished one-bedroom in Metro Vancouver is $2,083 in October, down just $2 from $2,085 in September, according to the l…
Vancouver opens the door to convertible balconies
Having a balcony is nice for people who want to enjoy some fresh air without leaving home. But what about balconies that could be closed off to shield residents from Vancouver’s rain and wind, and reduce the noise from the streets below? A number of companies …
Big business: First Nations are taking a multi-million dollar stake in B.C. casinos
B.C. was expanding gambling and changing the rules, and First Nations were taking a hard look at establishing casinos, including on their own reserve lands, sometimes against the wishes of nearby municipalities and in conflict with the province.…
Premier says condo-buy program will offer tenants a rent-to-own opportunity
After days of questions, Premier David Eby and Prime Minister Mark Carney provided more details Thursday on a new program to buy up empty condos and use them as affordable housing. But some experts say it is still unclear how the program will work.…
Some B.C. appraisers adding land-claims clause after Aboriginal title court case
VICTORIA — An organization representing about 1,200 appraisers in British Columbia says some of its members are adding clauses to their reports noting that current, past, and potential future land claims have not been considered in their valuations. Alla…
Rob Shaw: Eby sounds alarm on B.C. housing slowdown as minister looks the other way
Premier David Eby told the real estate community Tuesday he's very worried about slumping housing starts and stalled high-rise condo projects, as he seeks to avoid contributing to what could be a housing supply crunch in just a few years. "We're following the …
Why weren't we told sooner about the implications of Aboriginal title? The answer should concern everyone
VICTORIA - The question that dominated a Richmond public meeting this week on the impact of a recent court decision on Aboriginal title was a simple one: "Why weren't we told sooner?" Residents had learned just this month, courtesy of a letter from Mayor Malco…
Uncertainty hangs over Richmond property owners after Cowichan Tribes court ruling
Along a rural stretch of No. 6 Road in south Richmond, residents have a lot of questions — not to mention fear — after a B.C. Supreme Court ruling granted the Cowichan Tribes on Vancouver Island land title rights that encompass their properties. Ju…
Victoria Press Building enters receivership with $41 million owing
Just a few years after being restored and transformed, the iconic Victoria Press Building has been placed under receivership, according to B.C. Supreme Court filings obtained by Western Investor. Originally constructed in the early 1970s, the Victoria Press Bu…
$17.5M Carrs Landing sale sets new residential record in B.C. Interior
A stunning lakefront estate in Lake Country has sold for $17.5 million, setting a new MLS record for the highest residential sale ever recorded in the Interior of British Columbia The 20-acre property at 16080 Carrs Landing Rd. was listed by TJ & Steph Real Es…
B.C. hotel sector demonstrates collective resilience despite headwinds
Despite a weak Canadian dollar, rising unemployment and a shrinking national GDP, B.C.'s hotel industry appears to be showing a level of collective resilience not seen this decade. CBRE Ltd. senior vice-president Nicole Nguyen with the brokerage's valuation an…
Wave of self-storage supply anticipated in Western Canada
Notable deals and a sizable development pipeline indicate a robust self-storage market in Western Canada, where migration, density and business users are driving demand. Nearly four million square feet of new supply is expected in B.C. and Alberta together bet…
Bonnis Properties' $140M sale of Granville and Robson site sparks redevelopment speculation
A major redevelopment project may be in the cards on the northeast corner of Granville and Robson streets in Vancouver. Bonnis Properties Inc. has sold the site, known as 798 Granville St., to The GJ Group for $140 million, according to a report from Storeys .…
Transit-Oriented Developments Set To Usher In A New New Westminster
Did you know New Westminster is British Columbia's oldest city? New West was an early pioneer settlement with a history that dates back 10,000 years , it was incorporated in 1859, and it was the first capital city of British Columbia until Victoria took over t…
New home prices in Vancouver down 0.2% in September, says StatCan
New home prices in the Vancouver region declined in September on a month-over-month basis, according to Statistics Canada. In an update released Oct. 25, Statistics Canada said its New Housing Price Index in September was down 0.2 per cent from August – …
Bryan Yu: B.C. housing market showing signs of marginal improvement
B.C.'s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in th…
851 Broughton – 2 new Towers are proposed by Concert Properties
The Christ Church Cathedral precinct on the edge of downtown Victoria could be significantly transformed if Concert Properties gets rezoning approval for a two-tower housing project that would bring 370 new homes to what once was a YMCA-YWCA facility. The Vanc…
Discount-price condos were to be sold only to first-time buyers; 13 sued
Civil suits filed by B.C. Housing allege 13 of the units at Vivid at the Yates on Johnson Street went to people who already owned property, or who rented out their units instead of living in them. One of the purchasers of a unit in a downtown building subsidiz…
BC Government Announces New Housing Measures in 2024 Budget
Flipping Tax The BC Home Flipping Tax is a 20 per cent tax on the gain from sale of a home within a one-year time horizon and a pro-rated tax on sales up to within a two-year period. The tax will apply to both properties and assignments of contracts and is in …
Human Resources & Education B.C. private-college operator worries crackdown on bad actors is affecting good ones
The president of a college in Victoria says he supports a provincial crackdown on private post-secondary institutions "preying" on international students, but worries about the impact of further restrictions on legitimate operations. James Christian says Pacif…
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…
Strong demand continues for industrial space on Vancouver Island #LesTwarog
'We've seen a strong road to recovery for industrial and commercial properties across the Vancouver Island region' says Jodie MacLennan, deputy assessor.
Entire city block in downtown Victoria sells for $10.25 million #LesTwarog
Prime single-tenant retail location with 21,537 square feet of strata space on Government Street has frontage on three main roadways, with rear loading docks.
Residential land still seeing eye-popping prices #LesTwarog
Even as B.C. home prices decline, Metro Vancouver and Vancouver Island developers appear willing to pay millions of dollars per acre for residential assemblies
Victoria 43-unit apartment building sells for $13 million ask #LesTwarog
Starlight Acquisitions paid full list price for the multi-family property on a 0.6-acre site in the James Bay neighbourhood
Victoria construction boom underlines CRE strength #LesTwarog
The business, building and support services sector, which covers contracted administration and human resources services as well as cleaning services, saw the biggest decrease year-over-year, shedding 5,100 positions, while educational services dropped 1,900 jo…
Parksville 24,209-sq.-ft medical centre sells for $4.5 million #LesTwarog
The Vancouver Island office-retail complex includes two buildings, 10 tenants including Shopper's Drug Mart and professionals, and a 65-stall parking lot in downtown Parksville.
Nanaimo 0.4-acre land assembly sells for $1.69 million #LesTwarog
The land in Vancouver Island city 's south end is seen as a prime for residential development.
Victoria eight-unit multi-family rental sells for $3.6 million #LesTwarog
Well located and well-maintained apartment building, built in 1949, with stunning ocean views along desirable Crescent Road, Victoria, B.C.
Victoria developer donates $15 million in land for social housing #LesTwarog
Previously, Bayview had been trying to blend affordable housing with its other planned towers on the site. The idea of donating the corner lot arose after discussions with mayor and council and community groups, Ken Mariash said.
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Building List Count by City
- Abbotsford - 449
- Agassiz - 28
- Burnaby - 54
- Burnaby East - 79
- Burnaby North - 368
- Burnaby South - 348
- Campbell River - 1
- Chilliwack - 222
- Cloverdale - 194
- Comox Valley - 10
- Coquitlam - 570
- Delta - 10
- Duncan - 42
- Esquimalt - 59
- Gulf Islands - 6
- Harrison Hot Springs - 13
- Harrison Mills - 1
- Hope - 22
- Ladner - 110
- Langford - 156
- Langley - 545
- Maple Ridge - 312
- Mill Bay - 2
- Mission - 65
- New Westminster - 444
- North Delta - 29
- North Island - 2
- North Saanich - 8
- North Surrey - 413
- North Vancouver - 748
- Oak Bay - 44
- Osoyoos - 1
- Parksville / Qualicum - 7
- Penticton - 8
- Pitt Meadows - 75
- Port Alberni - 2
- Port Coquitlam - 268
- Port Moody - 269
- Richmond - 1162
- Saanich East - 232
- Saanich West - 92
- Sardis - 155
- Sidney - 152
- Sooke - 39
- South Surrey White Rock - 719
- Surrey - 669
- Tsawwassen - 98
- Vancouver East - 1005
- Vancouver West - 2495
- Victoria - 666
- View Royal - 46
- West Vancouver - 231
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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.