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Real Estate News

Average B.C. home price has slid nearly 10 per cent in past year: BCREA

Average B.C. home price has slid nearly 10 per cent in past year: BCREA

Real estate association blames mortgage stress test for “sidelining” buyers, calls for feds to scrap it entirely
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Are more tall wood buildings on the way in B.C.?

Are more tall wood buildings on the way in B.C.?

Provincial government changes B.C. Building Code to allow for mass timber buildings of up to 12 storeys
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Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

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

Relatively small percentage of homes are jointly owned by a mix of resident and non-resident owners, according to federal housing agency
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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
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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
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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
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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
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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
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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
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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.
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