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Real Estate News

Foreign buyer tax wreaks havoc on B.C. farmland sales

Foreign buyer tax wreaks havoc on B.C. farmland sales

The 20 per cent levy has driven prices sky-high while stunting sales of existing farms where the owner lives on the property
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Tallest residential tower in Western Canada to begin construction in Burnaby

Tallest residential tower in Western Canada to begin construction in Burnaby

The 64-storey tower is set to begin construction now that the site near Gilmore SkyTrain station has been cleared
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Man posing as buyer prompts warning for young female realtors

Man posing as buyer prompts warning for young female realtors

The Real Estate Board of Greater Vancouver is warning realtors across the Lower Mainland after initial reports came in from Coquitlam
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Opinion: Bold moves needed now to resolve Lower Mainland livability crisis

Opinion: Bold moves needed now to resolve Lower Mainland livability crisis

Projected population increases will keep land prices rising in the long term, so more radical action must be taken now
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Federal stress test caused up to $15B drop in new mortgages: economist

Federal stress test caused up to $15B drop in new mortgages: economist

Time to rethink the too-strict stress test, urges CIBC’s chief economist
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Residential price drop failing to ease Metro Vancouver’s housing crisis

Residential price drop failing to ease Metro Vancouver’s housing crisis

“Prices will double between 2016 and 2041,” economist says. “And it wouldn’t surprise me if that’s on the low side.”
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B.C. home sales see chilly March, sliding 23%

B.C. home sales see chilly March, sliding 23%

Market activity still dampened, largely due to federal mortgage policy, says B.C. Real Estate Association
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Luxury high-rise condos are ‘guzzling electricity,’ says BC Hydro

Luxury high-rise condos are ‘guzzling electricity,’ says BC Hydro

High-end condos haven’t just put affordability out of reach for most people – they’re also pigs when it comes to electricity. That’s according to a BC Hydro report release today (Friday).
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B.C.'s average construction start value down 70% from peak

B.C.'s average construction start value down 70% from peak

Vancouver Island has highest average construction start value, Metro Vancouver has highest total
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‘WTF’ factor driving Metro Vancouver’s industrial innovation

‘WTF’ factor driving Metro Vancouver’s industrial innovation

Developers hope to stack and pack sites to keep lease, strata costs under control
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