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Real Estate News

Residential price drop failing to ease Metro Vancouver’s housing crisis

Residential price drop failing to ease Metro Vancouver’s housing crisis

“Prices will double between 2016 and 2041,” economist says. “And it wouldn’t surprise me if that’s on the low side.”
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B.C. home sales see chilly March, sliding 23%

B.C. home sales see chilly March, sliding 23%

Market activity still dampened, largely due to federal mortgage policy, says B.C. Real Estate Association
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B.C.'s average construction start value down 70% from peak

B.C.'s average construction start value down 70% from peak

Vancouver Island has highest average construction start value, Metro Vancouver has highest total
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Wood investment turns into gold for developer

Wood investment turns into gold for developer

With mass timber set for the mainstream, the one challenge could be producing enough for both encapsulated and exposed uses
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More than half of Canadians would wait a year to buy a home: poll

More than half of Canadians would wait a year to buy a home: poll

As buyers continue to sit on the sidelines, poll uncovers reasons for waiting, plus other homebuyer trends
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Canada’s major housing markets still at high risk of price drops, says IMF

Canada’s major housing markets still at high risk of price drops, says IMF

Metro Vancouver, Greater Toronto and Calgary are highly vulnerable real estate markets, according to global report
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CMHC defends new First Time Home Buyer Incentive’s purchase price limits

CMHC defends new First Time Home Buyer Incentive’s purchase price limits

Federal housing agency says more than 10 per cent of Metro Vancouver home purchases would fall within price cap
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Real estate slowdown in major cities has ‘silver lining’ for buyers: Royal LePage

Real estate slowdown in major cities has ‘silver lining’ for buyers: Royal LePage

Decline in home prices in B.C. and slowing price growth across Canada provides opportunity to get into market, says real estate brokerage
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Seaglass developers face foreclosure

Seaglass developers face foreclosure

The site of a development proposal that raised eyebrows in Gibsons for a design that was inspired as much by Venice as Vancouver is back on the market after foreclosure proceedings against the company behind the project.
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Impact of ban on realtor dual agency downplayed

Impact of ban on realtor dual agency downplayed

No disciplinary action yet under new realtor rules
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