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Real Estate

Two-bedroom apartments in Vancouver cost 60% more than in Toronto: Padmapper

Two-bedroom apartments in Vancouver cost 60% more than in Toronto: Padmapper

Vancouver had Canada’s highest average rent for a two-bedroom apartment in January, with Toronto in a very distant second place. The average rent for a two-bedroom apartment in Vancouver increased 4% to $3,150 in the month.
Residential development has companies, people on the move

Residential development has companies, people on the move

On the move, Part 1 Landa Global Properties Ltd.’s purchase of 3594 Main Street in September 2015 for $11.4 million is helping reconfigure the retail landscape of the city. Construction of 45 apartments will begin at the site this summer.
Assessments hammer landlords

Assessments hammer landlords

'Last straw' for some squeezed between higher costs and rental caps
First Nation never consulted on foreign-buyer tax break

First Nation never consulted on foreign-buyer tax break

Tsawwassen First Nation the only Metro Vancouver developer exempt from tax
Architects apply to redevelop former Granville 7 Cinemas

Architects apply to redevelop former Granville 7 Cinemas

Proposal would see 27,011 square feet of retail space in basement and at street level
B.C. has record year for home sales in 2016: BCREA

B.C. has record year for home sales in 2016: BCREA

Home sales across British Columbia slowed in the last half of 2016, in part because of new federal, provincial and municipal efforts to cool heated real estate markets, but the province still had a record sales year because of heated activity in the
Richmond most popular for foreign buyers since new tax

Richmond most popular for foreign buyers since new tax

More foreigners have chosen to purchase residential property in Richmond than any other municipality in B.C., including Vancouver, since a 15 per cent sales tax was introduced last August. According to the B.C.
Arbutus Village redevelopment about to begin

Arbutus Village redevelopment about to begin

The upcoming redevelopment of Arbutus Village means neighbouring residents will be without a full-scale Safeway for about two years. Sobeys Inc., which owns Safeway, is downsizing the store during construction. The Safeway store closes Jan.
More than a third of Metro Vancouver homeowners plan to sell and move to more affordable areas: Insights West

More than a third of Metro Vancouver homeowners plan to sell and move to more affordable areas: Insights West

Many homeowners across Metro Vancouver say they plan to sell their homes and move to other regions where the cost of living is more affordable, according to a survey conducted by Insights West for real estate adviser firm Resonance Consultancy.
Home prices to drop almost 9% across Greater Vancouver next year: Royal LePage

Home prices to drop almost 9% across Greater Vancouver next year: Royal LePage

Decreasing affordability and falling consumer confidence across Greater Vancouver are expected to contribute to cooling home prices in 2017, according to a Royal LePage forecast released January 12.