Real Estate

Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report. However, the report says more supply is needed to fill the backlog of demand.

As of Aug. 1, first-time homebuyers purchasing a newly built home for less than $1-million with a down payment smaller than 20 per cent will be able to opt in to an insured 30-year amortization period — up from a 25-year maximum.

VANCOUVER — Greater Vancouver's real estate board says the number of homes sold in June tumbled 19.1 per cent from the previous year as inventory continued accumulating to levels not seen since the spring of 2019.

Housing advocates have been pressing for the change for years while firefighter associations and disability-advocacy groups have expressed concerns.

Money.ca explains the pros and cons of renting and owning property in Canada.

Proposed amendments to the two-year-old Broadway Plan would further increase density in about half the area, adding height and multiple towers.

Future use of industrial-zoned land yet to be determined

‘Please don’t portray us as a group of people who are opposed to housing,’ Mayor Mark Sager says in response to recent criticism from the provincial government

Voyce Cambie Development allegedly intended to build one-bedroom units but "discovered that this was not possible" so it built studios instead.

The redeveloped property will have 138 residential rental units, compared to the current 55-year-old apartment building with 32.