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Real Estate News

B.C.'s commercial real estate sales smash records in 2017

B.C.'s commercial real estate sales smash records in 2017

British Columbia commercial real estate investment activity and dollar volume achieved record heights in 2017 with the disposition of 230 office, industrial and retail properties valued at $7.5 billion during the record-setting year.
Richmond realtor duped buyer into displaying ‘sold’ sign for a year

Richmond realtor duped buyer into displaying ‘sold’ sign for a year

A Richmond realtor has been fined after tricking a buyer to display a New Coast Realty “sold” sign outside the property for a year.
Amidst Richmond's housing crisis, God becomes a developer

Amidst Richmond's housing crisis, God becomes a developer

Brighouse United Church wants to build affordable, rental housing on its ageing, underused property
Will growing, smoking pot under new laws reduce value of your home?

Will growing, smoking pot under new laws reduce value of your home?

With 4/20 just a few days away, close to half of the respondents to a new national survey said that they would be put off buying a home if even a legal amount of pot had been grown there, under the upcoming new marijuana legislation.
Vancouver has worst housing affordability ever recorded in Canada: RBC

Vancouver has worst housing affordability ever recorded in Canada: RBC

A Royal Bank of Canada study released this month ranks Vancouver’s housing market as the least affordable for any regional market ever recorded in Canada. The costs of owning a home at today’s prices would have represented an astounding 85.
New laws give more protection to tenants facing renovictions

New laws give more protection to tenants facing renovictions

A Victoria tenants advocacy group says changes to B.C.’s tenancy laws introduced in the legislature Thursday will give more rights to renters facing renovictions.
B.C. government strikes ‘affordable housing’ deal with United Church of Canada

B.C. government strikes ‘affordable housing’ deal with United Church of Canada

The provincial government will spend $12.4 million to help the B.C. Conference of the United Church of Canada redevelop some of its land in Vancouver, Coquitlam, Nanaimo and Richmond into a total of 414 new “affordable” rental homes.
B.C. home prices predicted to keep climbing as seller’s market persists

B.C. home prices predicted to keep climbing as seller’s market persists

The number of homes for sale across the province are at or near a 12-year low, pushing prices ever upwards, according to the B.C. Real Estate Association’s monthly statistical report released April 12.
Metro Vancouver housing starts roar as sales go quiet

Metro Vancouver housing starts roar as sales go quiet

Housing starts in the first quarter of 2018 have more than doubled year-over-year, while home sales took a dive
LandlordBC hopes new Rental Housing Task Force takes balanced approach

LandlordBC hopes new Rental Housing Task Force takes balanced approach

The CEO of LandlordBC said the organization is “supportive” of the government’s new Rental Housing Task Force, but David Hutniak added that the situation is complex and he’s hoping for a balanced approach.