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Real Estate

Proposed Victoria foreign-buyer tax gets mixed reviews

Proposed Victoria foreign-buyer tax gets mixed reviews

Municipalities across Greater Victoria will have a chance to weigh in on whether a foreign-buyer tax should be introduced on residential real estate sales in the area.
Home-price correction in Vancouver may be short-lived: Royal LePage

Home-price correction in Vancouver may be short-lived: Royal LePage

Home prices have fallen across the Lower Mainland over the past year, but this may soon change, according to a Royal LePage report released April 18.
Rising land values consigning affordability to the suburbs

Rising land values consigning affordability to the suburbs

The long view With land in short supply but financing still cheap, builders and brokers of local real estate gathered for the Vancouver Real Estate Forum on April 11 to discuss how to thrive in a market with low yields.
Effectiveness of city’s empty-homes initiative questioned

Effectiveness of city’s empty-homes initiative questioned

Housing experts, advocates say determined owners will find ways to avoid the tax
RED Talks to Vancouver: build, baby, build

RED Talks to Vancouver: build, baby, build

Streamlined supply is the answer to the city’s housing woes, analysts say
Vancouver two-bedroom rent increases again: PadMapper

Vancouver two-bedroom rent increases again: PadMapper

Vancouver rent is higher than in any other major Canadian centre, and it got even more expensive to rent a two-bedroom apartment in April, according to PadMapper’s latest rent report.
NDP’s Horgan promises renters $400 annual grant

NDP’s Horgan promises renters $400 annual grant

BC NDP leader John Horgan promised renters a $400 annual grant if his party wins the B.C. election May 9.
Total value of Vancouver home sales down 38% year-over-year in March: BCREA

Total value of Vancouver home sales down 38% year-over-year in March: BCREA

Vancouver’s real estate market is still in the cooling stage where it has been since mid-2016, partly in response to the implementation of a foreign-buyer tax in the summer. Residential sales across Metro Vancouver reached just over $3.
Repeat sales prices of single-family homes increase in March: Teranet

Repeat sales prices of single-family homes increase in March: Teranet

Repeat home sales prices increased 0.85% across Metro Vancouver in March, according to the Teranet House Price Index, which measures price changes for repeat sales of single-family homes. This increase comes after growth of 1.43% in February and 0.
High price of buying another house keeping many B.C. homeowners from selling current homes

High price of buying another house keeping many B.C. homeowners from selling current homes

More than half (52%) of British Columbian homeowners say they are reluctant to sell their current homes because of the high cost of buying a new residence, according to a new CIBC poll. Forty seven per cent of all homeowners in B.C.