Real Estate

CM (Canada) Asset Management Co. Ltd. buys tourist attraction

The average rent listing for this home type exceeded $2,000 for the first time

Industry experts struggling to make sense of frenetic Lower Mainland market

The City of Victoria needs to ask the province to change legislation so rentals could not be prohibited by strata councils, according to Coun.

Asking price for the more than 1,200 acres was $200 million

A total of 9,198 homes changed hands across Metro Vancouver in June, according to British Columbia Real Estate Association data released July 13. This is an increase of 7.6% compared with the same month last year, in which 8,546 homes were sold.

Vancouver city staff presented a proposed regulatory framework to city council this week that would move the city closer to legalizing short-term rentals, such as those booked through sites like Airbnb and HomeAway.

Repeat home sales prices jumped 2.47% in June across Metro Vancouver, according to Terranet’s House Price Index, which measures price changes for repeat sales of single-family homes. This increase comes after a 2.5% increase in May.

53-storey project caps more than $1 billion in building permits

Canadians are generally optimistic about the housing market, but new homebuyers in Vancouver and Toronto have the lowest levels of optimism and the highest stress levels about home purchasing, according to a new survey by Mortgage Professionals Canad