Real Estate News

Holding hundreds of acres of industrial and residential sites, First Nations are now key players in Metro Vancouver and Fraser Valley growth

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.

Foreign buyers now need to go through additional income verification when applying for mortgage

His old family home was sold to a "homemaker"

Adrian Crook hadn’t always intended on raising his five kids in a three-bedroom condo in downtown Vancouver.

As housing starts continue to soar across Metro Vancouver, a shortage of strata property agents continues to worsen. Scott Ponuick, president and senior strata agent for Surrey-based Peninsula Strata Management Ltd.

Monumental changes are afoot at the south end of Richmond Centre. Wayne Barwise, executive vice-president of development for Cadillac Fairview Corporation Ltd.

B.C. Green Party Leader, Andrew Weaver, has called for a ban on foreign buyers investing in the province's real estate market.

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.