Category: Vancouver News
As expected, the B.C. government forged ahead with its speculation and vacancy tax, which took effect on January 1. This politically controversial yet publicly supported levy will penalize ... Read More
BY MONIKA GUL AND LAUREN BOOTHBY
- Property owners are confusing two new taxes
- The City of Burnaby has had so many calls, they're starting to track them
VANCOUVER (NEWS 1130) ... Read More
The newly titled "speculation and vacancy tax" will apply to owners of second homes in applicable areas of B.C., as of December 31
The newly named “speculation and vacancy tax” will apply to ... Read More
CRISTINA JISA , JANUARY 11, 2019
Following year after year of dramatic increases in Vancouver real estate prices, the homes in the area are finally dropping in value. A longer-term analysis will ... Read More
Have you checked your 2019 assessment yet? Here’s everything you need to know about this year’s BC assessments http://bit.ly/2Fm6mXC
BC Assessment (BCA) sent home owners their 2019 assessment ... Read More
Real Estate Board of Greater Vancouver
Thursday, January 10, 2019
REBGV President Phil Moore provides a summary of the December 2018 housing market statistics.
Source: ... Read More
SURREY, BC – After three consecutive years of total annual sales surpassing 20,000 units, 2018 saw the Fraser Valley real estate market return to more typical levels for both sales and inventory.... Read More
New study compares three different types of investment
Home values in Vancouver fell 1.7 percent in 2018, so other investment strategies were better bets than the city’s real estate, according to ... Read More
Housing slowdown continues, says Real Estate Board of Greater Vancouver
By Gord Macdonald, News Anchor CKNW
Published: December 4, 2018 11:30 am
WATCH: New numbers on Metro Vancouver home ... Read More
Published: Tuesday, December 04, 2018
Home buyer demand remains below long-term historical averages in the Metro Vancouver* housing market.
The Real Estate Board of Greater Vancouver (REBGV) ... Read More
Published on Nov 15, 2018
BCREA Housing Market Update (November 2018)
BC Real Estate Association (BCREA) Deputy Chief Economist Brendon Ogmundson discusses the October 2018 ... Read More
Friday, November 02, 2018
Home sale activity across Metro Vancouver* remained below long-term historical averages in October.
The Real Estate Board of Greater Vancouver (REBGV) reports that ... Read More
Research commissioned by Sotheby's International Realty found that millennials still prefer to own single-family homes, though high numbers have given up on owning one themselves.
Most young ... Read More
The supply of homes for sale continued to increase across the Metro Vancouver* housing market in September while home buyer demand remained below typical levels for this time of year.
The Real ... Read More
Giant distribution centre and transit decision reflect reasons Metro developers, investors, homebuyers are heading south across the Fraser
WI Staff / Western Investor
OCTOBER 3, 2018 10:20 AM
Eric Zimmer Aug 29, 2018 11:59 am
While the City of Vancouver continues to wrestle with the dubious distinction ... Read More
DH Vancouver Staff Aug 27, 2018 11:30 am
A new survey from Angus Reid found that a majority of Metro Vancouver is feeling disappointment with the continued high cost of housing in the region.... Read More
Metro Vancouver’s housing market has been the focal point of public discussion for the past few years. In the face of record-breaking sales and rising prices, all three levels of government took ... Read More
by MARTIN MACMAHON AND THE CANADIAN PRESS
Original Post Aug 23, 2018 1:00 pm PDT
VANCOUVER (NEWS 1130) – A Supreme Court of Canada ruling will clear the way for more consumer access to real ... Read More
BC Real Estate Association (BCREA) Chief Economist Cameron Muir discusses the July 2018 statistics.
Vancouver, BC – July 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,884 residential unit sales were recorded by the Multiple Listing Service® (MLS®) ... Read More
by Charlie Smith on July 27th, 2018 at 9:56 AM
Canada Mortgage and Housing Corporation has concluded that the country's housing market "remains highly vulnerable".
This is "primarily due to ... Read More
Property purchased through trusts and corporations to require additional buyer information Cory Correia · CBC News · Posted: Jul 25, 2018 7:49 PM PT | Last Updated: July 25
Taking aim at tax ... Read More
The Canadian Press
OTTAWA -- Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage.
The national housing agency says ... Read More
By Erica Alini
National Online Journalist, Money/Consumer Global News
Canada’s housing market has been on a tear for years, but that era may now be over.
This year’s spring housing market ... Read More
BCREA 2018 Q2 Housing Forecast
Vancouver, BC – May 31, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 Second Quarter Housing Forecast today.
Multiple Listing ... Read More
by Charlie Smith on June 1st, 2018 at 7:45 AM
On May 23, the City of Vancouver announced plans to take the wind out of the real-estate market on a major transit corridor.
A policy report is ... Read More
Joannah Connolly / Vancouver Courier (JUNE 1, 2018 11:20 AM)
Residential sales forecast to slow further this year but recover next year.
Home sales across Greater Vancouver may be soft so far ... Read More
The largest and most comprehensive survey of its kind in Canada.
In March 2017, CMHC completed an online survey of 3,002 recent mortgage consumers, all prime household decision-makers who had ... Read More
VICTORIA — Greater Vancouver’s real-estate prices continue to climb out of reach of most ordinary families, but the province’s new measures to tackle housing affordability may have an impact on ... Read More
Joannah Connolly / Vancouver Courier
MARCH 8, 2018 10:59 AM
Home owners from within and outside of B.C. are rapidly signing up to a petition that is aims to fight the provincial government’s ... Read More
WI Staff Western Investor
March 7, 2018
Detached homes cost up to $460,000 to build in Vancouver, versus $420,000 in Toronto and $300,000 in Calgary
A high-quality 2,000-square-foot detached ... Read More
THE CANADIAN PRESS
The Real Estate Board of Greater Vancouver says demand continues to be high for condominiums and townhomes in the region, but less so for detached properties.
The ... Read More
The province’s mayors and councillors brought a sharp new focus Thursday to finding effective ways to cool intense foreign and domestic speculation in housing.
The Union of B.C. Municipalities ... Read More
Vancouver residents must submit their 2017 property status declaration by February 2, 2018. Submit y
Every owner of residential property in Vancouver is required to submit a property status ... Read More
Each home owner will have received a property status declaration from the City to determine if their property is subject to the Empty Homes Tax.
These declarations are due on February 2, 2018. ... Read More
Wednesday, January 3, 2018
After reaching record levels in 2015 and 2016, Metro Vancouver home sales returned to more historically normal levels in 2017. Home listings, on the other hand, came ... Read More
BC Assessment says property assessments are now in the mail. Property taxes payable for 2018 will be based on these assessed values at rates set this spring by each separate municipality. If ... Read More
Effective January 1, 2018, home buyers who don't require mortgage insurance — those with a down payment of 20 per cent or more — must qualify for their mortgage at a higher rate.
This new stress ... Read More
Six of the top 10 cities are in the Lower Mainland, according to annual rankings
The rapidly growing city of Surrey is once again ranked as the best bet to invest your buck in real estate, ... Read More
Metro Vancouver* home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and apartment markets.
The Real Estate Board of Greater ... Read More
The Real Estate Investment Network (REIN) has released its new list of Top 10 cities in B.C. to buy real estate in the next five years.
Surrey tops the list, with Vancouver coming in 10th place. ... Read More
The 23rd annual REALTORS Care® Blanket Drive kicks off November 14. It’s the largest and longest running blanket drive in the Lower Mainland.
Between November 14 and 21, REALTOR® volunteers will ... Read More
Home sales across Metro Vancouver remained above the 10-year average in September, as sales of apartments and townhomes continue to outpace those of detached houses, according to Real Estate Board ... Read More
Median sale price of detached houses in the city up $500K over previous week.
There were stronger sales across all residential housing types in Vancouver the week of September 11 to 17.
Real ... Read More
Expect a warm welcome when arriving home at The Civic. The combination of brick and wood accents gives architecture an urban West Coast edge. A private courtyard with a playground is perfect for ... Read More
Median days on market declines as properties snapped up fasterJOANNAH CONNOLLY / REW.CA, SEPTEMBER 9, 2017 05:35 PM
REALTORS® across the country have so far raised over $154,000 for the Red Cross BC Fires Appeal to support the communities affected by the ongoing wildfires in BC.
These donations are helping ... Read More
The Canadian Real Estate Association's latest statistics suggest that Ontario's Golden Horseshoe's housing market is experiencing a correction—with a monthly drop of 3.59 percent in ... Read More
It might not be as hot a spring as last year, but it’s a lot hotter than fall – at least in terms of the BC real estate stats released May 15 by the British Columbia Real Estate Association ... Read More
Housing inventory at 20-year low, B.C. Real Estate Association says
By: Atrina Kouroshnia Mortgage Expert
While I once thought our local real estate market was our collective ... Read More
Infographic: Fraser Valley Real Estate, March 2017
Second-busiest March ever sets a record benchmark price for a Fraser Valley home, but that hides wild variations by city.
There were 2,020 ... Read More
Average sale prices for condos outside Vancouver, such as in New Westminster and Abbotsford, are showing some double-digit annual gains, according to the Multiple Listing Service.
In New West, ... Read More
If you’re thinking of purchasing a home, you’ve probably already started looking. You may have seen quite a few homes and the details are starting to become somewhat hazy and jumbled.
Do you ... Read More
BCREA 2017 First Quarter Housing Forecast Update
Vancouver, BC – February 17, 2017. The British Columbia Real Estate Association (BCREA) released its 2017 First Quarter Housing Forecast Update ... Read More
Residential transactions still considerably down compared with 2015’s banner November, but totals are recovering towards 10-year norms, says board
The long-awaited $1.43-billion Evergreen Line is slated to start running between Burnaby and Coquitlam on Dec. 2.
Northeast Metro residents will be getting an early Christmas present when the ... Read More
To get ready for the launch of the Millennium Line Evergreen Extension, we've changed the operating pattern of the SkyTrain network. This change occurred on October 22, in advance of the Evergreen ... Read More
Ottawa has announced new rules aimed at limiting foreign money into Canadian real estate and ensuring that borrowers take on mortgages they can afford.
"Overall, I believe the housing market is ... Read More
For the second straight month, home buyer demand in Metro Vancouver* moved off of the record-breaking pace seen earlier this year and returned to more typical levels.
The Real Estate Board of ... Read More
The Government of Canada believes that all Canadians deserve access to housing that meets their needs and that they can afford.
Achieving good housing outcomes for Canadians requires ... Read More
As the dust settles from Brexit, the Bank of Canada will wait longer to hike the overnight rate, encouraging the fevered pace of activity in the country’s hottest housing markets to continue ... Read More
Canadian home values rose by $50,619 this past year — more than the average Canadian earns annually.
Read the full story : ... Read More
CMHC report shows Vancouver's housing starts trend at the highest level since 1990, while StatCan finds increase in residential building permit value
The housing starts trend in the Vancouver ... Read More
Professional association of Fraser Valley REALTORS® supports moving forward with IAG recommendations07/02/2016
June, 30 2016 10:17:47 am, by FVREB
SURREY, BC – The Fraser Valley Real Estate Board (FVREB) strongly supports moving forward with the recommendations brought forward by the Real Estate Council ... Read More
Transit users in Metro Vancouver will see a boost in service after regional mayors on Thursday secured funding from the provincial and federal government to move ahead with the first phase of ... Read More
Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, ... Read More
Canadian Real Estate Association, CREA is a national association, advocate for policies that promote a vibrant and sustainable real estate industry and that ensure real estate property rights and ... Read More
Vancouver home sales totalled 5,173 in March, the most of any month ever.
Metro Vancouver home sales eclipsed 5,000 in March for the first time on record.
Residential property sales in the region totalled 5,173 in March 2016, an increase of 27.4 per cent from the ... Read More
It is arguably the most controversial issue in Metro Vancouver right now — housing affordability. Today Premier Christy Clark unveiled her government’s plan on cracking down on the shady practice ... Read More
Vancouver real estate speculation called 'unpoliced, unregulated and rampant'
NDP MLA David Eby's had strong words for the crowd but said the goal of the town hall meeting was to find solutions. ... Read More
Residential property sales in the region totalled 4,172 in February 2016, an increase of 36.3 per cent from the 3,061 sales recorded in February 2015 and an increase of 65.6 per cent compared to ... Read More
90% of empty housing units in Vancouver are condominiums, according to report released today.CBC News Posted: Mar 08, 2016 11:11 AM PT
The percentage of vacant homes in Vancouver has remained ... Read More
Report to Vancouver Council to look at types of housing sitting vacant and ownership information on those homes.
VANCOUVER (NEWS 1130) – Speculative investors are getting a lot of the blame for ... Read More
According to statistics released February 16, 2016 by The Canadian Real Estate Association (CREA), national home sales rebounded in January 2016 compared to the previous month.
... Read More
February 26, 2016 – A comprehensive survey of Canadians from coast to coast indicates perceptions of high housing prices in the Canadian real estate market exist and extend ... Read More
A new research study conducted by McAllister Opinion Research, on behalf of the Real Estate ... Read More
The 2016 B.C. Provincial Budget now offers a Property Transfer Tax Exemption on Newly Built Homes
The Newly Built Home Exemption reduces or eliminates the amount of property transfer tax you ... Read More
In a bid to make housing within reach of more people , the B.C. government will give a big tax break to buyers of new homes ...
Article source: Business In Vancouver: biv.com, By Jen St. Denis... Read More
Compare Real Estate Values – Slideshow of what the ‘average’ Vancouver home price can buy you in Fraser Valley.
Source: BC.CTVNEWS.CA - View Slideshow Now
With the average price of a detached ... Read More
The increase to the minimum down payment for home purchases over $500,000 is two weeks away. Mortgage expert Atrina Kouroshnia explains the changes.Source: www.rew.ca/news/
By: Atrina ... Read More
The race is on for access to the billions in federal infrastructure dollars that have been promised by the Liberal government in Ottawa. And it is almost assuredly going to be won by the country’s ... Read More
Bentall Centre in the city’s downtown business core expected to set historic price.
Source: Business in Vancouver
By Frank O'Brien
Vancouver could see its first billion-dollar ... Read More
Source: news.BuzzBuzzHome, By: Josh Sherman
No change to key interest rate as Bank of Canada sees strength in exports
The Bank of Canada is keeping the key interest rate target at 0.5 per cent, ... Read More
2015 was the second-best year on record for home sales in Canada, according to the Canadian Real Estate Association (CREA).
The number of homes changing hands nationwide last year increased 5.5 ... Read More
The full implementation phase of TransLink’s Compass Card is quickly approaching: As of January 1, 2016, monthly passholders will need to acquire the Compass Card as paper passes will be ... Read More
Wishing You Joy, Happiness and Good Fortunes in years to come.
Here are 10 holiday vacation activities that can actually make you happier and less stressed.
Courtesy of Fox News: ... Read More
This article originally appeared on mortgage rate comparison site RateSupermarket.com
A new round of mortgage restrictions designed to reduce risky borrowing and rapid price growth have hit the ... Read More
Demand showing no signs of waning, although price rise in metropolitan area will be slower than the 17 per cent seen in 2015, predicts brokerage
With home prices in Greater Vancouver up more ... Read More
After a slow September, value of residential construction permits surge in October, led by booming multi-family sector, says statistics agency
See more at: http://www.rew
A report published by the REBGV indicated an 8.7% increase in home sales last month for the Greater Vancouver housing market, compared to January 2014.
As expected, sales dropped in comparison ... Read More
Statistics Canada released a report yesterday indicating a 30.8% rise in the total value of residential building permits in British Columbia for the period of October 2013-October 2014.
The ... Read More
It is forecasted that MLS sales in Greater Vancouver for 2014 will reach 33,800 units, indicating a 16.6% increase since 2013, says a BCREA report published on November 18th.
The average home ... Read More
Last week, real estate industry leaders gathered to at CMHC's 20th Annual Vancouver Housing Outlook Conference to provide insight into the future of B.C.'s housing market for 2015-2016.
Housing ... Read More
Canadian home sales hit its highest point in four years last month, making June the fifth consecutive month where national sales have increased.
Despite the presence of slower housing markets ... Read More
Not to get confused with the Greater Vancouver region, the Fraser Valley region consists of the area “stretching south of the river from Delta through Surrey and Langley to Abbotsford, and north ... Read More
The Metro Vancouver market continues to surge in new residential developments, as municipalities continuously approve community plans. The approval of such community plans translate to new ... Read More
Home buyer demand in Greater Vancouver reached its highest in 3 years, last month.
May Greater Vancouver home sales increased by 7.7% since April, totalling 3,286 MLS listed sales. This also ... Read More
According to the Canadian Mortgage and Housing Corporation (CMHC), housing demand is anticipated to increase in British Columbia in both 2014 and 2015.
Factors that will contribute to this hike ... Read More
The Greater Vancouver real estate market has experienced a rise in both seller and buyer activity this spring. As the market moved into the month of April, the level of activity continued to ... Read More
A new home ownership poll conducted by RBC concluded that an increasing number of young Canadians employ a positive outlook regarding home ownership. In fact, more young Canadians see home ... Read More
A Grosvenor Group study that examines cities and their degree of resilience was published, showing Vancouver to be the second most resilient city in the world.
Resilience, according to the ... Read More
Home sales in the Greater Vancouver (GV) region in March 2014 exceeded that of March 2013’s, but fell short of Greater Vancouver’s average for the month of March.
The Real Estate Board of ... Read More
A report published by the Real Estate Board of Greater Vancouver (REBGV) indicated that there were a total of 2,530 units sold in the Greater Vancouver area.
The report compares last month’s ... Read More
Five years ago, Vancouver Mayor, Gregor Robertson launched the “Greenest City Action Team” program.
The program was aimed to make Vancouver a greener city, with specific action plans and ... Read More
January 2014 home sales rose by 30.3% compared to the same month last year. According to the Real Estate Board of Greater Vancouver (REBGV), 1,760 units were sold through its MLS, whereas there ... Read More
BCREA published their 1st Quarter Housing Forecast report last month, illustrating a series of positive predictions for the 2014 and 2015 B.C. real estate market.
For one, MLS residential unit ... Read More
There have been many forecasts highlighting the positive potential of the Canadian real estate market for 2014.
This may be likely due to high levels of consumer activity near the end of 2013. ... Read More
According to data published by the BCREA, residential home sales in British Columbia increased by 7.8% from 2012 to 2013.
There were a total of 72,936 home sales listed on the MLS in 2013, about ... Read More
In comparison to December 2012, Vancouver home sales and prices increased in December 2013, as shown by a statistics report published by the REBGV.
From December 2012 to December 2013, home ... Read More
According to a recently published survey, Canadians are heading into the new year with confident regards for the Canadian real estate market.
The surge in consumer confidence can be attributed ... Read More
Vancouver was reported as Canada’s top city with the highest percentage of condominium ownership, according to the Canadian Mortgage and Housing Corporation (CMHC).
A CMHC report showed that in ... Read More
The Vancouver City Council has given approval for the construction of a 54-storey, 526 foot multi-tower to be situated along the Burrard Street corridor.
The proposed tower will be the third ... Read More
Based on data released by Statistics Canada on December 12, Vancouver and Victoria were the only two cities in British Columbia that experienced a drop in new home prices for the month of October, ... Read More
A report on the real estate market in Greater Vancouver last month indicates that November housing activity was consistent and yet again, balanced in accordance to prior months’ trends.... Read More
Despite its fall from 2013’s ranking, Vancouver was ranked the fourth Canadian city for viable real estate investment for the upcoming year by real estate executives.
Coming in before Vancouver, ... Read More
Peak of Christmas 2013
What: Suitable for all ages, this event includes a tour of Santa’s workshop, an outdoor skating rink, and mountaintop sleigh rides.
When: November 23rd to December 24th, ... Read More
The housing market in Greater Vancouver has been relatively active this fall, due to the combination of low mortgage interest rates and pent up consumer demand. October proved to be no exception, ... Read More
Home sales in the Vancouver market continue to climb.
According to the Real Estate Board of Greater Vancouver (REBGV), home sales increased by 37.8% from August 2012 (2,438 sales) to August 2013 ... Read More
Micro living and micro condos are not unfamiliar terms in Vancouver.
The subtle shift towards downsizing is one thing, but would you personally be able to live in a two level 10’ by 10’ micro ... Read More
This year, the Interior Design Show (IDS) was held at the Vancouver Convention Centre where there were many displays of a variety of current home décor trends.
Reputable names such as Kelly ... Read More