Real Estate

It will still cost more to rent an apartment in Vancouver than in any other major Canadian centre, but it appears the gap may be closing, according to PadMapper’s latest rent report. This is particularly true for two-bedroom apartments.

The real estate market in Vancouver has not picked up any steam since it slowed down in the middle of 2016 in part due to a foreign-buyer tax introduced in August.

Prices for repeat sales of homes across Metro Vancouver increased 1.43% in February after growing 0.3% in January, according to the Teranet House Price Index, which measures price changes for repeat sales of single-family homes.

B.C. law seeks to end protracted sales process and provide financial escape route for owners in rundown buildings

It's still too early to say if the Lower Mainland’s housing-price correction is over, but February data points in that direction. While sales fell a whopping 42% year-over-year, market conditions were stronger than this suggests.

Grand intentions Construction expenditures should increase at twice the rate of overall capital investment across the province in 2017, according to Statistics Canada’s annual forecast. Capital investment across the province grew an estimated 4.

The city is considering allowing property owners who choose not to demolish character homes the right to increase their floor area and convert the property into a multi-unit residence.

Homebuyers from China are often cited as major participants in Vancouver’s luxury real estate market, but a new study from Sotheby’s Canada and Juwai.

Half of strata units sell out before groundbreaking on unique Victoria Drive complex

Set to rise By the time this column appears, Real Estate Board of Greater Vancouver (REBGV) statistics will be available for February. Should historical patterns persist, sales figures should be stronger than in January.