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Real Estate

Vancouver has two of Canada’s three most productive malls

Vancouver has two of Canada’s three most productive malls

Report pins Oakridge and Pacific Centre sales at over $1,500 per square foot
Sales of Vancouver homes worth $4m and higher up by more than a third last year: Sotheby’s

Sales of Vancouver homes worth $4m and higher up by more than a third last year: Sotheby’s

Sales of luxury homes in the $4 million-or-higher category in Vancouver increased 36% year-over-year in 2016, according to a Sotheby’s International Realty Canada report released January 11, but the jump was solely attributable to sales in the first
B.C. government increases homeowner grant threshold to $1.6 million

B.C. government increases homeowner grant threshold to $1.6 million

Those who own homes with values that fall below $1.6 million are eligible for the annual homeowner’s grant, the provincial government announced January 10. The government said it will raise the homeowner’s grant threshold from $1.2 million to $1.
B.C. housing starts hit highest level in decades last year

B.C. housing starts hit highest level in decades last year

Housing starts in British Columbia increased to 41,800 units on an annualized basis in December, according to Canada Mortgage and Housing Corporation data released January 10, giving last year the province’s highest yearly total since 1993.
Increases point to strong start to 2017, but lenders remain cautious

Increases point to strong start to 2017, but lenders remain cautious

Double digits Arctic inflows aren’t enough to chill the Vancouver property market, with a host of recent indicators pointing to its ongoing heat.
Tight living spaces put durability, simplicity front and centre

Tight living spaces put durability, simplicity front and centre

High-quality materials, flexible floor plans are the future of timeless interiors, designers say
Defence department plans second giant land sale

Defence department plans second giant land sale

First Nations prepare bid for Royal Roads property in wake of Jericho Lands purchase
Condo values jump in Victoria region in response to low inventory

Condo values jump in Victoria region in response to low inventory

As in Vancouver, homeowners in the Victoria region have seen double-digit increases in assessed property values, according to figures released this week by BC Assessment, with condos and townhouse owners seeing a significant jump.
ALC ruling nixes Powell River international school

ALC ruling nixes Powell River international school

Struggling mill town fighting to salvage $30 million China-backed campus that would enroll 400 students
Last year was Metro Vancouver’s third highest home-selling year on record: REBGV

Last year was Metro Vancouver’s third highest home-selling year on record: REBGV

Sales cooled off toward the end of the year, but in 2016 overall, the number of homes sold across Metro Vancouver was the third highest on record, after 2015 and 2005. A total of 39,943 homes changed hands last year, which was a 5.