Real Estate

Prices for new high-rise condos have fallen from the recent peak in spring 2011 as average suite sizes have shrunk, according to market research firm Strategics.

Competing developers hail B.C. company’s deal to buy United Communities

High real estate prices in Vancouver are leading first-time home buyers to set budgets considerably higher than the Canadian average across the country, delaying their purchases and leading to cutbacks in their lifestyles, according to a March 18 BMO report.

Sotheby’s International Realty Canada (SIRC) expects both sales and prices to rise in the Vancouver real estate market this spring, according to a report that the real estate firm released March 18.

British Columbia is forecast to have the biggest jump in housing resale activity in 2014 in Canada, according to the Canadian Real Estate Association (CREA).

Total home sales in Greater Vancouver grew by 57% in February compared with one year ago, according to the British Columbia Real Estate Association (BCREA).

Vancouver city council voted March 14 to approve a $1.5 billion redevelopment of Oakridge Centre that would allow 14 towers that would range between nine and 44 storeys and more than 1.8 million square feet of retail space.

Residents say massive redevelopment a “done deal” at council

House prices in Vancouver hit another record high in February, according to the Teranet-National Bank Composite House Price Index released March 12.

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