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Real Estate

The gap between median income and average home price continues to widen

The gap between median income and average home price continues to widen

Newly released data illustrates how home prices, interest rate hikes and slow wage growth have eroded homebuyers’ purchasing power
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B.C. housing activity dampens following spring and summer rush

B.C. housing activity dampens following spring and summer rush

Decade-high mortgage rates are slowing activity, despite significant year-over-year increase in housing sales
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Builder of troubled Langford rental tower files for bankruptcy

Builder of troubled Langford rental tower files for bankruptcy

Evacuated twice due to safety concerns, 150 creditors are owed more than $51 million, filing says
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Record room rates attract hotel investors

Record room rates attract hotel investors

Tourists flock to hotels, fuelling investor interest
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Governments unveil $20M funding for 95-home Squamish Nation project

Governments unveil $20M funding for 95-home Squamish Nation project

The new Xwmélch’sten (Capilano 5 Reserve) development is based on a multi-generational housing approach and will give residents access to a range of services in the immediate area
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B.C. broker fined $50K over phoney mortgage applications

B.C. broker fined $50K over phoney mortgage applications

Former submortgage broker Ravinder Biln created fake income records to land clients mortgages they were otherwise not entitled to.
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Vancouver SRO owner rejects rent control, favours more housing supply

Vancouver SRO owner rejects rent control, favours more housing supply

Greg Spafford: "What Vancouver needs overall is just more housing — any type, any level."
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Federal government invests $208 million in south Vancouver rental housing

Federal government invests $208 million in south Vancouver rental housing

The funds will help bankroll construction of 422 rental units in the city’s River District neighbourhood
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Canadians remain among the top foreign buyers of property in the U.S.

Canadians remain among the top foreign buyers of property in the U.S.

Homebuyers from Canada spent US$6.6 billion on vacation, rental and permanent residence properties south of the border between April 2022 and March 2023
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Lumber prices stabilize; demand for softwood remains strong

Lumber prices stabilize; demand for softwood remains strong

Busy summer construction period in North America boosting demand for housing market framing material
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