Real Estate News

The Bank of Canada raised its overnight interest rate by a quarter-point to 1.25 per cent January 17, on the back of the strengthening Canadian economy. This is the third time it has increased interest rates from the record lows seen until last July.

The average home sale price reached $1,049,424 in Greater Vancouver in December, according to new data from the British Columbia Real Estate Association. This is an increase of 10.7% compared with the average of $948,246 in December 2016.

A newly-built, farmland mega mansion, owned by a shell company, has driven a 26.6-acre lot it sits on from an assessed value of $88,000 to $8.

Richmond homeowners have their 2018 assessment notices and the tables have turned on detached home owners and their condo and townhouse counterparts.

Detached home values reveal healthy gains but condominium markets across the region soar due to deteriorated purchasing power

A newly-built, farmland mega mansion, owned by a shell company, has driven the 26.6-acre lot it sits on from an assessed value of $88,000 to $8.

With listing prices of up to $35 million, the Shaughnessy neighbourhood of Vancouver has the most expensive houses in Canada, according to a national survey by New York City-based Engel & Völkers, a real estate agency that has offices in major Canadi

The Real Estate Board of Greater Vancouver says that home sales returned to more “historically normal” levels in 2017. Sales of detached, attached and apartment properties reached 35,993 in 2017, a 9.

Census data show non-residents account for 7.6 per cent of all residential ownership in Richmond

However, Townline Homes boss Rick Illich sticks by his position that no one has the right to live where they grew up