Richmond Real Estate News

Home sales across B.C. hit by strict new mortgage rules

Home sales across the province fell on an annual basis in February, due to tough new rules that make qualifying for a mortgage harder, according to a B.C. Real Estate Association report released March 14. A total of 6,206 B.C.

Mar 14, 2018 11:51 AM Read more >

Survey pressures city into acknowledging foreign home ownership concerns

After many respondents to a 2017 public survey made it clear that foreign home ownership, housing speculation and empty homes must be addressed in Richmond’s revised Affordable Housing Strategy, city planners are now recommending the municipality tak

Mar 14, 2018 7:55 AM Read more >

Condo consultation: Have your say on strata governance reforms

If you’re a condo owner – especially those on strata councils – frustrated by current laws over how strata buildings are run, now’s your chance to be heard. The B.C.

Mar 13, 2018 12:37 PM Read more >

’Twas ever thus? Metro Vancouver real estate headlines 30 years ago

It’s easy to think that the problems facing Metro Vancouver’s housing market are relatively new. But if you take a look back at headlines from 20 or 30 years ago, you’ll see a different story.

Mar 12, 2018 1:35 PM Read more >

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).

Mar 9, 2018 9:41 AM Read more >

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.

Mar 8, 2018 10:59 AM Read more >

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.

Mar 7, 2018 10:58 AM Read more >

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.

Mar 6, 2018 10:20 AM Read more >

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.

Mar 2, 2018 11:23 AM Read more >

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).

Mar 1, 2018 6:32 PM Read more >