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Real Estate News

Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

Relatively small percentage of homes are jointly owned by a mix of resident and non-resident owners, according to federal housing agency
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Non-residents own 4.9% of Metro Vancouver homes, much higher in new condos: CMHC

Non-residents own 4.9% of Metro Vancouver homes, much higher in new condos: CMHC

Relatively small percentage of homes are jointly owned by a mix of resident and non-resident owners, according to federal housing agency
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Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

Median value of Greater Victoria homes owned by foreign nationals is much higher than Canadian-owned homes, according to federal housing agency
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Metro Vancouver residential land prices may have already peaked

Metro Vancouver residential land prices may have already peaked

Nosebleed dirt prices expected to ease as residential downturn, construction costs, politics and financing fears cool land speculation across the region
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Opinion: Good luck trying to rent a mansion with your buddies

Opinion: Good luck trying to rent a mansion with your buddies

There may be an influx of large homes to rent, because of new taxes and slow sales, but that doesn’t mean you can share them with your friends
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Opinion: We need to remove parking requirements from housing decisions

Opinion: We need to remove parking requirements from housing decisions

"I’ve lost count of how many dinosaur politicians clutched their pearls in fear over how adding more people would impact street parking"
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Burnaby’s tallest building ‘topped off’ as Brentwood megaproject grows

Burnaby’s tallest building ‘topped off’ as Brentwood megaproject grows

Steven Cirotto stood at the microphone Friday and talked about growing up in the Heights. The operations manager for the construction company Axiom said he still remembers how special Christmas was as a child at Brentwood Town Centre.
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Metro Vancouver real estate not alone as prices slide across prime global cities

London, Sydney, Hong Kong and more seeing price declines over past year, reports The Economist – a correlation that could herald a global recession
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City of Victoria wants province to change assessments on short-term rental condos

City of Victoria wants province to change assessments on short-term rental condos

Change proposed by city council would see such units assessed as commercial, not residential, for tax purposes
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Availability of newly built and presale condos skyrockets in Metro Vancouver: report

Availability of newly built and presale condos skyrockets in Metro Vancouver: report

Number of concrete condos complete and unsold or available for presale quadruples in a year, finds quarterly report
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