Real Estate

The city is still—by far—the least affordable metropolitan area in the country

Proceeds to be pumped into other transportation projects

Foreign-buyer effect: tax hit harder than expected

The average rent for a one-bedroom apartment in Vancouver dipped slightly in December, but the city still has Canada’s highest rent for that home type. On average, Vancouverites are paying $1,820 for an apartment with one bedroom, which is down 1.

Unanimous owner agreement no longer needed to dissolve a strata corporation in B.C.

The loans will be payment- and interest-free for the first five years

Sales of existing homes in Vancouver fell 3.4% in November and were down 37.4% year-over-year, according to data released December 15 by both the British Columbia Real Estate Association and the Canadian Real Estate Association.

Deals abounding Details aren’t being disclosed regarding the stunning $400 million investment a foreign purchaser made in the Lower Mainland on November 15, but it’s the kind of deal that astonishes Jon Ramscar.

Vancouver repeat home sales prices were down 1.3% in November, according to the most recent Teranet Home Price Index, which tracks price changes for repeat sales of single family homes.

Vancouver property owners’ taxes will be going up 3.9% next year, and a portion of that increase will be used to pay for the city’s response to the drug overdose crisis in which 124 people died in Vancouver in the first 10 months of 2016.