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Real Estate

Lower Mainland condo buyers missed memo on the downturn

Lower Mainland condo buyers missed memo on the downturn

Condos selling for above asking prices despite lending rate hike, mortgage stress test
Vancouver remains third least affordable global city: Demographia

Vancouver remains third least affordable global city: Demographia

For the third year in a row, Vancouver has ranked as the third least affordable city in the world in a Demographia report that analyzes home prices in nine countries around the world: Canada, the United States, Australia, China (Hong Kong), Ireland,
Project flow picks up in Vancouver condo pipeline

Project flow picks up in Vancouver condo pipeline

Starts expected to increase as more new units registered with for BC Housing
New industrial zoning reviving Railtown; ALR set for review

New industrial zoning reviving Railtown; ALR set for review

Railtown revival I-4 zoning (“historic industrial”) came into effect in Railtown last May, and since then sales activity and development in the 15.5-acre district adjacent to the port has surged.
Housing crunch squeezes students in Kamloops

Housing crunch squeezes students in Kamloops

Hot real estate market collides with rising enrolment at Thompson Rivers University
Apartment landlords in B.C. lobby to nip pot in the bud

Apartment landlords in B.C. lobby to nip pot in the bud

Vancouver lawyer expects pushback from tenant groups and medical marijuana users
Canada’s mortgage changes could hurt overall economy

Canada’s mortgage changes could hurt overall economy

‘Stress test’ will drive borrowers into more expensive financing options, brokers warn
'Million dollar line’ of homes erased

'Million dollar line’ of homes erased

The “million dollar line” that used to divide West Vancouver and most of North Vancouver in the past has all but disappeared, with 98% of single-family homes on the North Shore worth more than $1 million.
Average Vancouver home sale price grew more than 10% year-over-year in December: BCREA

Average Vancouver home sale price grew more than 10% year-over-year in December: BCREA

The average home sale price reached $1,049,424 in Greater Vancouver in December, according to new data from the British Columbia Real Estate Association. This is an increase of 10.7% compared with the average of $948,246 in December 2016.
Vancouver Art Gallery expansion project stalled

Vancouver Art Gallery expansion project stalled

Several new art galleries have opened in B.C. in the last couple of years, but, with $150 million in government support yet to materialize, progress on the long-proposed expanded Vancouver Art Gallery (VAG) remains largely in limbo. Aritzia Inc.