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Real Estate News

B.C. real estate not alone as home prices slide across prime global cities

London, Sydney, Hong Kong and more seeing price declines over past year, reports The Economist – a correlation that could herald a global recession
City of Victoria wants province to change assessments on short-term rental condos

City of Victoria wants province to change assessments on short-term rental condos

Change proposed by city council would see such units assessed as commercial, not residential, for tax purposes
Availability of newly built and presale condos skyrockets in Metro Vancouver: report

Availability of newly built and presale condos skyrockets in Metro Vancouver: report

Number of concrete condos complete and unsold or available for presale quadruples in a year, finds quarterly report
Former BC Hydro chair's waterfront home listed for sale (PHOTOS)

Former BC Hydro chair's waterfront home listed for sale (PHOTOS)

Ultra-luxe, energy-efficient, Frank Lloyd Wright-inspired house in West Vancouver is owned by clean-tech entrepreneur Mossadiq Umedaly
Metro Vancouver’s high-flying industrial real estate faces turbulence

Metro Vancouver’s high-flying industrial real estate faces turbulence

Rising costs, retail slump cloud sector posting Canada’s highest lease rates and sale prices
What it costs to build real estate in Canada

What it costs to build real estate in Canada

Altus Group provides the hard construction costs for multi-family, industrial and commercial real estate projects – but no prizes for guessing the most expensive city
Province balks at condo Airbnb tax proposed by Victoria council

Province balks at condo Airbnb tax proposed by Victoria council

The province’s new speculation and vacancy tax declaration could provide a pathway to taxing condos being used as Airbnbs as commercial operations, says Victoria Coun. Geoff Young. But it doesn’t appear the province is prepared to go down that road.
Canadian cities have among highest homeownership rates in world: RBC

Canadian cities have among highest homeownership rates in world: RBC

Federal Budget measures to make homeownership easier for more Canadians need to “tread carefully,” says bank’s senior economist
Metro Vancouver home sales down on annual basis, but up from January

Metro Vancouver home sales down on annual basis, but up from January

Squamish is one of few areas in the region to see detached home prices increase on an annual basis, but local condo prices are not faring so well
Free homebuyer’s forum offers help navigating the real estate market

Free homebuyer’s forum offers help navigating the real estate market

Evening event in downtown Vancouver this Wednesday, March 6, is free to attend but you must register
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