Real Estate

Housing experts, advocates say determined owners will find ways to avoid the tax

Streamlined supply is the answer to the city’s housing woes, analysts say

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.

BC NDP leader John Horgan promised renters a $400 annual grant if his party wins the B.C. election May 9.

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 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.

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.

On the rise One quarter down and three to go in 2017 and according to real estate marketing firm MLA Canada, at least 35 new highrise developments will launch across Metro Vancouver this year with more than 10,000 units.

But lack of timely project approvals could derail future opportunities

The number of homes started in the Vancouver Census Metropolitan Area (CMA) in March was the highest seen in decades, according to CMHC data released April 10.