Real Estate News

The average home square footage that “peak millennials” – currently 25-to-32-year-olds – can afford to buy is typically 12 per cent smaller in Greater Vancouver than it was a year ago, according to a Royal LePage survey released April 26.

Even with good intentions, appropriate funding and expedited permitting processes, there simply aren’t enough construction tradespeople to build all the homes required to meet B.C.'s housing targets, according to a group of industry experts.

A crackdown on non-payment of taxes on presale condo flips is one of three new housing measures announced by the finance minister April 24.

Considering the city's real estate development and speculation, you might think that some areas of Richmond would be among the region’s hottest areas to invest in real estate right now – but not according to financial website MoneySense.

A BC Supreme Court judge has concluded a buyer who backed out of a deal to buy a $6.5 million mansion in West Vancouver was entitled to do so because a British Pacific Properties restrictive covenant significantly impacted potential uses.

If living on your own island seems idyllic but a bit inconvenient, perhaps the perfect compromise would be your own peninsula, surrounded by private beaches and rocky shoreline.

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.

Rental units intended to help families, and low and middle-income seniors

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.

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.