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Real Estate News

B.C.’s average home sale price will edge up in 2019: forecast

B.C.’s average home sale price will edge up in 2019: forecast

Province will drive national decline in total residential sales next year, but prices will rise slightly, asserts Canadian Real Estate Association
B.C. home sales, average prices drop in November: BCREA

B.C. home sales, average prices drop in November: BCREA

Buyers “continue to struggle” with mortgage stress test, but one B.C. region bucks provincial trends
Canada’s priciest condo relisted – at $8M off original price (PHOTOS)

Canada’s priciest condo relisted – at $8M off original price (PHOTOS)

Two-storey penthouse atop Fairmont Pacific Rim in Vancouver’s Coal Harbour hasn’t sold since January, and is reduced to $29.9 million
No increase in 2019 for new fixed-rate mortgages: BCREA forecast

No increase in 2019 for new fixed-rate mortgages: BCREA forecast

With a recent decline in bond yields, lenders have pushed interest rates as high as they will go for a year, predicts association
B.C.’s Rental Housing Task Force wants to stop renovictions but rejects vacancy control

B.C.’s Rental Housing Task Force wants to stop renovictions but rejects vacancy control

The B.C. government’s Rental Housing Task Force is recommending changes to the Rental Tenancy Act to stop renovictions, but it’s rejected the idea of vacancy control — an idea renters favoured and landlords opposed.

Canadian confidence in housing market running low: poll

Even though owning a home is still widely seen as an important life milestone, most people – even homeowners – don’t feel confident in today's real estate market
No major home price drops for Metro Vancouver and B.C. next year: forecasts

No major home price drops for Metro Vancouver and B.C. next year: forecasts

Two separate brokerage surveys predict home values will stay virtually flat or decrease only slightly
More than half of all short-term rentals in Vancouver now licensed

More than half of all short-term rentals in Vancouver now licensed

As of Nov. 30 there were more than 4,500 active short-term rental listings in the city
Decision on West Porpoise Bay Estates deferred again

Decision on West Porpoise Bay Estates deferred again

Sechelt council has deferred a decision on development permits for RTC’s West Porpoise Bay Estates project, a proposal that failed to get approval from the previous council because of its height.
Canada’s high home prices likely to just stay high: economist

Canada’s high home prices likely to just stay high: economist

Rather than see a crash, “most terrifying threat of all” is that home prices will remain permanently unaffordable to many, says CPA chief economist