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Real Estate

Densification potential underpins sale of Surrey shopping centre

Densification potential underpins sale of Surrey shopping centre

Development potential outweighs impact of high borrowing costs
Century-old, $16.7M Vancouver mansion at centre of curious legal battle

Century-old, $16.7M Vancouver mansion at centre of curious legal battle

The West Point Grey property was once used for a U2 video shoot
Metro Vancouver ‘toughest’ rental market in Canada, says CMHC

Metro Vancouver ‘toughest’ rental market in Canada, says CMHC

High immigration levels, mortgage prices keeping would-be homebuyers in rental units
Vancouver luxury buyers draw bead on single-family homes, says Sotheby’s

Vancouver luxury buyers draw bead on single-family homes, says Sotheby’s

Activity picked up in the second half of last year as buyers shifted their preference to detached homes
Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

Higher mortgage rates and persistently high home prices also continued to make it harder for renters to transition to home ownership
City of North Van borrows $50M to fast-track affordable housing initiative

City of North Van borrows $50M to fast-track affordable housing initiative

Taking on debt now will make the project cheaper and deliver new homes faster, council says
B.C. municipalities seek fresh ways to address planning delays

B.C. municipalities seek fresh ways to address planning delays

New development taxes, technology, consultants considered
Has an exodus of B.C. residents lowered Metro Vancouver rent prices?

Has an exodus of B.C. residents lowered Metro Vancouver rent prices?

Rental prices in Vancouver did not slow down just because some of its locals left
Cap on student visas should help take pressure off soaring rents, BoC head says

Cap on student visas should help take pressure off soaring rents, BoC head says

'Bottom line ... we're still going to be dealing with some pretty serious rent inflation in the next couple of years.'
Vancouver builders expected to face Canada's highest construction costs in 2024

Vancouver builders expected to face Canada's highest construction costs in 2024

Upward pressure could resume later this year as business investment increases