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Real Estate

Vancouver, industrial construction king; Surrey, transit pauper

Vancouver, industrial construction king; Surrey, transit pauper

Tracking the action Bifurcation of Vancouver’s non-residential real estate market is evident in new statistics from CBRE Ltd., which highlight the shares specific regions of Canada have of new construction.
Province to close loophole that circumvents rent controls

Province to close loophole that circumvents rent controls

An amendment to the Residential Tenancy Act that would close a loophole that anti-poverty advocates say has allowed landlords to get around rent controls and jack up rents could soon be reality. B.C.
Vancouver’s west side is Canada’s priciest neighbourhood

Vancouver’s west side is Canada’s priciest neighbourhood

The Lower Mainland is home to seven of the country’s top 10 most expensive areas
Sewer fee increases to jack up price of new homes

Sewer fee increases to jack up price of new homes

Increases for new development could add up to $5,000 to the price of a single family home: homebuilders
Out-of-town homebuyers have driven Vancouver prices up 5-10%: UBC study

Out-of-town homebuyers have driven Vancouver prices up 5-10%: UBC study

Purchases of Greater Vancouver homes by those from outside the region have driven up home prices and rents by 5%-10%, according to Out-of-Town Home Buyers and City Welfare, a joint UBC Sauder School of Business-New York University study .
OSFI sets new mortgage rules beginning January 1, 2018

OSFI sets new mortgage rules beginning January 1, 2018

New rules could drive homebuyers to unregulated lenders, says RBC
New Vancouver office tower started; B.C. resort properties upgraded

New Vancouver office tower started; B.C. resort properties upgraded

Towering symbolism A symbolic demolition took place in downtown Vancouver last week as GWL Realty Advisors Inc. launched the newest addition to the next wave of office development at 753 Seymour Street.
Sale closes for Howe Sound’s Furry Creek golf course

Sale closes for Howe Sound’s Furry Creek golf course

China-backed owners plan to upgrade 152-acre course with waterfront homes, hotel
Victoria, Vancouver have Canada’s fastest growing one-bedroom rents in October: Padmapper

Victoria, Vancouver have Canada’s fastest growing one-bedroom rents in October: Padmapper

The average Vancouver one-bedroom apartment rented for $2,120 in October, up 5% compared with September, according to PadMapper’s latest data, which takes into account median rents for all homes that are currently available to rent or vacant; it does
Greater Vancouver home sales down 17% year-to-date in September: BCREA

Greater Vancouver home sales down 17% year-to-date in September: BCREA

More than a year after the implementation of the foreign-buyer tax in August 2016, the total number of homes sold year-to-date in September is down 17.