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Real Estate News

B.C. home sales forecast to drop 8.6 per cent this year

B.C. home sales forecast to drop 8.6 per cent this year

Just because home sales are slowing and mortgage rates are climbing, you shouldn't expect any home price corrections, according to the latest forecast by the B.C. Real Estate Association (BCREA).
B.C. home owners fight 'speculation' tax with petition

B.C. home owners fight 'speculation' tax with petition

Home owners from within and outside of B.C. are rapidly signing up to a petition that is aims to fight the provincial government’s recently announced speculation tax.
Majority of B.C. residents approve of budget's real estate measures

Majority of B.C. residents approve of budget's real estate measures

While Richmond’s new hospital tower and the George Massey Tunnel may have been neglected from B.C.’s 2018 budget, many residents in the province are pleased with several items that did make the cut.
One fifth of Canada's 2017 GDP from real estate, report says

One fifth of Canada's 2017 GDP from real estate, report says

Real estate, construction and related financial and insurance industries are together responsible for more than 20 per cent of Canada’s GDP in 2017, according to a quarterly report released by Statistics Canada March 2. In B.C.
Metro Vancouver detached home sales slump in February

Metro Vancouver detached home sales slump in February

In a month that usually starts picking up in terms of sales activity ahead of the spring market, detached home sales in Metro Vancouver saw a considerable slump in February, according to the latest statistics. Detached sales were down 39.

Union says banks partly to blame for Metro Vancouver housing crisis

Banks and other mortgage lenders are key players in the high price of Metro Vancouver and B.C. real estate, according to a study by the B.C. Government and Service Employees’ Union (BCGEU).
Metro: Aboriginals gatekeepers for Lower Mainland real estate

Metro: Aboriginals gatekeepers for Lower Mainland real estate

Holding hundreds of acres of industrial and residential sites, First Nations are now key players in Metro Vancouver and Fraser Valley growth
Editorial: Why new speculation tax is not a speculation tax

Editorial: Why new speculation tax is not a speculation tax

Those of us who keep a close eye on the B.C. real estate industry and housing policy were widely anticipating a speculation tax to be introduced in last week’s B.C. Budget, as it had been heavily hinted at by the NDP in advance of the announcement.
CIBC tightens mortgage rules for foreign buyers

CIBC tightens mortgage rules for foreign buyers

Foreign buyers now need to go through additional income verification when applying for mortgage
Meet the Richmond man bent on tackling money laundering in real estate

Meet the Richmond man bent on tackling money laundering in real estate

His old family home was sold to a "homemaker"