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Real Estate

New condo sales, starts plummet in Metro Vancouver

New condo sales, starts plummet in Metro Vancouver

Only two new condominium projects with 200 units launched in the six weeks ending May 15, down 75 per cent from the same period in 2019
Vancouver's famous 'Hobbit House' for sale for $2.7m (PHOTOS)

Vancouver's famous 'Hobbit House' for sale for $2.7m (PHOTOS)

One of Vancouver's most eye-catching homes is on the market for a cool $2,698,000. The James Residence, an award-winning example of Arts & Craft architecture, is better known by its nickname: The Hobbit House.
Sublease office space spikes in Vancouver

Sublease office space spikes in Vancouver

New subleases total more than 500,000 square feet of space and nearly doubled Vancouver’s downtown office vacancy rate to 4%
Vancouver condo rentals ride out pandemic

Vancouver condo rentals ride out pandemic

Vancouver rental agency says only one in 300 missed rent payments, but some owners are trimming rents by 10% to 20%
Prepare for price declines in Vancouver real estate, says CMHC

Prepare for price declines in Vancouver real estate, says CMHC

What happened: New forecast calls for significant declines in housing starts, gradual declines in prices Why it matters: Economic aftershocks of pandemic expected to hit Metro Vancouver for years to come Metro Vancouver will have to wait until the en
Surrey’s real estate corporation to be dissolved by McCallum’s coalition

Surrey’s real estate corporation to be dissolved by McCallum’s coalition

Surrey city council is dissolving its quasi-public real estate corporation, the Surrey City Development Corporation, in favour of in-house transactions, following a secret vote in April that was announced to the public Monday.
UPDATE: B.C. strata insurance market ‘unhealthy:’ study

UPDATE: B.C. strata insurance market ‘unhealthy:’ study

Rates up 40% on average, more than doubling in 6% of buildings
Total Greater Vancouver home sales down 42% in May: BCREA

Total Greater Vancouver home sales down 42% in May: BCREA

The COVID-19 pandemic continued to dampen home sales across Greater Vancouver and the rest of the province in May, according to BCREA data released June 15. The total dollar value of all home sales across Greater Vancouver was $1.
Pandemic zooms real estate auctions online

Pandemic zooms real estate auctions online

Once viewing and walking the land was mandatory for buyers, but land auctions are moving online and the virus crisis has accelerated the trend
Odd alliance delivers affordable homes

Odd alliance delivers affordable homes

A 177-year-old fellowship uses a uniquely Vancouver solution to replace its aging seniors’ home with new affordable housing