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Real Estate News

Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

Median value of Greater Victoria homes owned by foreign nationals is much higher than Canadian-owned homes, according to federal housing agency

B.C. real estate not alone as home prices slide across prime global cities

London, Sydney, Hong Kong and more seeing price declines over past year, reports The Economist – a correlation that could herald a global recession

B.C. real estate not alone as home prices slide across prime global cities

London, Sydney, Hong Kong and more seeing price declines over past year, reports The Economist – a correlation that could herald a global recession
City of Victoria wants province to change assessments on short-term rental condos

City of Victoria wants province to change assessments on short-term rental condos

Change proposed by city council would see such units assessed as commercial, not residential, for tax purposes
Availability of newly built and presale condos skyrockets in Metro Vancouver: report

Availability of newly built and presale condos skyrockets in Metro Vancouver: report

Number of concrete condos complete and unsold or available for presale quadruples in a year, finds quarterly report
Former BC Hydro chair's waterfront home listed for sale (PHOTOS)

Former BC Hydro chair's waterfront home listed for sale (PHOTOS)

Ultra-luxe, energy-efficient, Frank Lloyd Wright-inspired house in West Vancouver is owned by clean-tech entrepreneur Mossadiq Umedaly
Province balks at condo Airbnb tax proposed by Victoria council

Province balks at condo Airbnb tax proposed by Victoria council

The province’s new speculation and vacancy tax declaration could provide a pathway to taxing condos being used as Airbnbs as commercial operations, says Victoria Coun. Geoff Young. But it doesn’t appear the province is prepared to go down that road.
Canadian cities have among highest homeownership rates in world: RBC

Canadian cities have among highest homeownership rates in world: RBC

Federal Budget measures to make homeownership easier for more Canadians need to “tread carefully,” says bank’s senior economist
Field Road development recommendations headed to council

Field Road development recommendations headed to council

Sechelt council’s committee of the whole has given the planning department the go-ahead to draft a zoning bylaw for a mixed-use commercial and residential development on Field Road in Wilson Creek.
Metro Vancouver home sales down on annual basis, but up from January

Metro Vancouver home sales down on annual basis, but up from January

Sunshine Coast remains region's most resilient area for prices, with detached home values still increasing on an annual basis, although by an ever-smaller amount