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Real Estate News

Feds’ mortgage policies ‘deny homeownership’ to young Canadians: report

Measures such as mortgage stress test are “at cross purposes” with federal promises to support the middle class, asserts Mortgage Professionals of Canada
Multi-family rental market booms as demand chases short supply

Multi-family rental market booms as demand chases short supply

Nearly $3 billion of Metro Vancouver purpose-built rental properties exchanged hands last year, finds report
Opinion: Speculation and vacancy tax cumbersome but welcome

Opinion: Speculation and vacancy tax cumbersome but welcome

Homeowners across Metro Vancouver will soon be getting notices saying they have to register with the province as resident homeowners or qualify for an exemption or face paying B.C.’s new (and newly named) speculation and vacancy tax.

Vancouver rents to become ‘bubbly’ and rise 7% in 2019: forecast

Councillor Jean Swanson says rents will keep rising unless vacancy control and rent freezes are implemented
Opinion: B.C.'s new speculation tax irks even those who don’t pay it

Opinion: B.C.'s new speculation tax irks even those who don’t pay it

“Speculators” were always going to hate the speculation tax, that’s pretty much a given. What the provincial government has managed to do this week is annoy a good part of the vast majority of homeowners who would never be considered speculators.
Jagmeet Singh promises 500,000 affordable homes over 10 years

Jagmeet Singh promises 500,000 affordable homes over 10 years

Burnaby South byelection candidate says housing is the top issue
Richmond man accused of cleaning millions of dollars through real estate

Richmond man accused of cleaning millions of dollars through real estate

Another B.C. civil forfeiture law suit has revealed allegations involving the illegal drug trade and real estate deals
Vancouver now ranked ‘second-least affordable’ global housing market

Vancouver now ranked ‘second-least affordable’ global housing market

Sydney moves down to third place in Demographia rankings as Australian home prices drop; Hong Kong remains least affordable
Metro Vancouver residential price decline will bottom in 2019, then reverse: forecasters

Metro Vancouver residential price decline will bottom in 2019, then reverse: forecasters

Panel of developers predict housing trends for coming year with cautious optimism; one says single-family price correction was “necessary”
North Van, West Van Liberal MLAs blast 'negative option' vacancy tax form

North Van, West Van Liberal MLAs blast 'negative option' vacancy tax form

West Van MLA Ralph Sultan describes speculation and vacancy tax as "attack on wealth"