Real Estate

Tower power on the rise as municipal governments struggle to diversify housing mix

Residential home sales across the province dropped nearly 12% in 2012, compared with 2011, according to a new report by the British Columbia Real Estate Association (BCREA).

As of November 2012, year-to-date construction intentions in the Vancouver Census Metropolitan Area (CMA) were up substantially over the previous year, according to the Vancouver Regional Construction Association (VRCA)’s analysis of Statistics Canada data.

Condominium developer Solterra Group of Companies has bought East Vancouver's Waldorf Hotel from Marko Puharich for an undisclosed price and is expected to build residential units on the site that has housed an iconic hotel for the past 63 years, according to a consortium that leases the property.

Housing starts in B.C. fell in December, although total starts in the month were relatively flat compared with a year ago, Canada Mortgage and Housing Corp. announced January 9.

Condominium developer Solterra Group confirmed January 10 that it is buying the East Vancouver cultural hub Waldorf Hotel but denied that it plans to raze the 63-year-old building to construct multi-family housing.

Salt Building surprise for Olympic Village condo owners: large ale outlet seen as threat to ambience and property values for residents and city

Vancouver housing prices have fallen year-over-year and will continue to drop this year, according to Royal LePage's House Price Survey and Market Survey Forecast, released this morning.

Home sales in the Greater Vancouver declined nearly 23% in 2012, according to the Real Estate Board of Greater Vancouver (REBGV).

The B.C. government is raising the threshold for the province's homeowner grant well past the $1 million mark, which Finance Minister Mike de Jong said is in response to rising assessments, even though some assessments are going down.