Real Estate

Housing starts in the Vancouver Census Metropolitan Area were trending at a higher level in August compared with July, according to Canada Mortgage and Housing Corporation (CMHC) data released September 10.

The total value of building permits issued in British Columbia in July was $816 – a drop of 8.2% compared with June, according to Statistics Canada data released September 9.

Vancouver real-estate entrepreneur Darren Latoski, 44, passed away September 7 after a battle with cancer.

The Real Estate Board of Greater Vancouver (REBGV) has a new chief executive officer, the organization’s board of directors announced September 9.

Both the total number of commercial real-estate sales and the total dollar value of all commercial transactions in the Lower Mainland were down in 2013’s second quarter, according to Real Estate Board of Greater Vancouver data released September 5.

The benchmark price for all residential properties in Greater Vancouver was $601,500 in August – a 1.3% decline compared with a year earlier, according to the Real Estate Board of Greater Vancouver.

Shape Properties looking to transform Lougheed Town Centre with 11 residential towers

Canada is in fifth spot worldwide when it comes to real-estate investment and is the only developed nation to break the top five, according to the results of an EY survey published August 29.

Housing affordability in British Columbia declined in 2013’s second quarter, according to an RBC Economics Research report released August 27.

U.S. new home sales fell 13% in July to 394,000 compared with 455,000 in June, the U.S. Department of Commerce reported today (August 23).