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Real Estate News

Rise or fall of home prices largely linked to purchasing power: analyst

Rise or fall of home prices largely linked to purchasing power: analyst

Whether the region’s home prices are rising or falling is significantly to do with buyers’ spending power – more so than foreign buyers or market speculation, according to the lead data analyst for Vancouver real estate firm the Rennie Group.
$1.9 billion expected for provincewide rental housing

$1.9 billion expected for provincewide rental housing

Rental units intended to help families, and low and middle-income seniors
Province to regulate the real estate regulators

Province to regulate the real estate regulators

The B.C. government is launching a review of the province’s two key real estate regulatory groups, in order to "make sure that British Columbians are effectively protected," finance minister Carole James announced April 18.

Has the foreign buyer tax made homes more affordable?

Only five per cent of British Columbians think that taxing foreign buyers on real estate purchases has resulted in homes becoming more affordable, according to a survey released this week by real estate website Zoocasa.
Richmond’s first disputed strata sale approved by judge, fuels speculation

Richmond’s first disputed strata sale approved by judge, fuels speculation

Richmond’s first strata termination and sale under a recently-revised Strata Property Act has been granted by a B.C. Supreme Court judge. Despite opposition from a minority group of owners , Mr. Justice Warren B.
Richmond’s first disputed strata sale OK’d by judge, fuels speculation

Richmond’s first disputed strata sale OK’d by judge, fuels speculation

Ascott Wynde first Richmond strata to be sold without 100 per cent owners' consent
Renter numbers on the rise in Metro Vancouver while declining in Montréal

Renter numbers on the rise in Metro Vancouver while declining in Montréal

Metro Vancouver’s sky-high real estate prices are pushing up the percentage of people renting their homes, with some age groups in the city overtaking even traditionally high-rental-rate Montréal, according to a new national study of 2016 Census data
B.C.'s commercial real estate sales smash records in 2017

B.C.'s commercial real estate sales smash records in 2017

British Columbia commercial real estate investment activity and dollar volume achieved record heights in 2017 with the disposition of 230 office, industrial and retail properties valued at $7.5 billion during the record-setting year.
Richmond realtor duped buyer into displaying ‘sold’ sign for a year

Richmond realtor duped buyer into displaying ‘sold’ sign for a year

A Richmond realtor has been fined after tricking a buyer to display a New Coast Realty “sold” sign outside the property for a year.
Amidst Richmond's housing crisis, God becomes a developer

Amidst Richmond's housing crisis, God becomes a developer

Brighouse United Church wants to build affordable, rental housing on its ageing, underused property
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