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Real Estate

Greater Vancouver home sales down 38% in June: BCREA

Greater Vancouver home sales down 38% in June: BCREA

Stricter mortgage qualification legislation continues to play a part in the real estate market across Greater Vancouver and the province as a whole, according to new data from the British Columbia Real Estate Association.
Burnaby on track to smash construction record

Burnaby on track to smash construction record

Burnaby’s feverish pace of development is set to smash a billion-dollar record set last year. The city granted $1 billion in building permits in 2017, breaking its 2015 record of $879 million.
Sunshine Coast residents oppose development plans

Sunshine Coast residents oppose development plans

Some new house subdivisions are going forward but hotel, multi-family projects face mounting headwinds from local protestors
Only half of Canadian homeowners would choose fixed-rate mortgage: CIBC

Only half of Canadian homeowners would choose fixed-rate mortgage: CIBC

Seventy-seven per cent of Canadian homeowners have fixed-rate mortgages, but only around half – 54% – of those planning to become homeowners would choose this type of mortgage, according to the results of a CIBC poll released this week.
Industrial space squeeze shifts companies, people out of Vancouver

Industrial space squeeze shifts companies, people out of Vancouver

Industrial shift Yours truly beds down each night in an apartment five floors above a popular tea shop, but the ground-floor zoning also permits a brewery and other light manufacturing activities, including a commercial bakery and print shop that fla
Increases in Vancouver office costs tower over Manhattan’s

Increases in Vancouver office costs tower over Manhattan’s

Downtown occupancy costs up 16.1% this year, the largest increase in North America
Vancouver’s Anthem Properties acquires former CBC Calgary building for $12M

Vancouver’s Anthem Properties acquires former CBC Calgary building for $12M

The site is slated for construction of 84 two- and three-bedroom townhouse units
Land sales dominate Lower Mainland property markets

Land sales dominate Lower Mainland property markets

Fraser Valley sees a surge of residential and industrial land speculation despite cooling property markets
Demand booms for modular homes in B.C.

Demand booms for modular homes in B.C.

Modern designs and affordable prices appeal to first-home buyers
Vancouver housing affordability hits another all-time low, reaches ‘crisis level,’ says RBC

Vancouver housing affordability hits another all-time low, reaches ‘crisis level,’ says RBC

Vancouver continues to be Canada’s least affordable major market, and became even less affordable in 2018’s first quarter, according to RBC data released this week. At today’s housing prices, owning a home in the city will cost 87.