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Real Estate

Vancouver mortgages held by foreigners on the rise: CMHC

Vancouver mortgages held by foreigners on the rise: CMHC

The percentage of non-permanent residents (NPR) living in Vancouver who hold mortgages in the city increased from 3.3% in 2014 to 3.9% in 2016, according to new CMHC data, and the percentage is even higher for younger foreigners.
Shortage of Metro Vancouver strata agents worsening

Shortage of Metro Vancouver strata agents worsening

Region’s booming housing starts outpacing strata management companies’ reach
Keeping up with the condos in the city of Surrey

Keeping up with the condos in the city of Surrey

Surrey lands Fasken office as part of bid to keep pace with breakneck residential growth
New ‘dual agency’ realty rules sowing seeds of confusion

New ‘dual agency’ realty rules sowing seeds of confusion

Tight timeline, misunderstanding increase paperwork, buyer frustration, agents warn
False Creek Flats area faces soaring price pressure

False Creek Flats area faces soaring price pressure

Speculative developers got in ahead of substantial spike in land values
Kelowna hotel sector reaping rewards from city’s robust economy

Kelowna hotel sector reaping rewards from city’s robust economy

Spanish flair Thompson Okanagan hotel prospects exuded a warm glow during an overview of markets across Canada at the Western Canadian Lodging Conference in Vancouver last November.
Apartment towers planned for Richmond Centre mall

Apartment towers planned for Richmond Centre mall

A project proposal for Richmond Centre could mean big changes for the mall’s south end. Wayne Barwise, executive vice-president of development for Cadillac Fairview Corporation Ltd.
Vancouver home prices rise as sales fall in January

Vancouver home prices rise as sales fall in January

The Metro Vancouver housing market remained stable in January with the average home price rising 0.6%, compared with December, to $1,056,500. This came as sales fell 9.8%, compared with December, to 1,818.
Significant construction labour shortage expected in next three years: BuildForce Canada

Significant construction labour shortage expected in next three years: BuildForce Canada

Recruitment requirements in the construction industry might pose a significant challenge over the next three years, according to the latest labour forecast released by BuildForce Canada.
High Vancouver land prices test city’s office strata ceiling

High Vancouver land prices test city’s office strata ceiling

Developers grapple with doubts over buyer demand at $10 million per floor