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Real Estate News

SCREDO wants you to build a ‘Victory Suite’

SCREDO wants you to build a ‘Victory Suite’

Rental housing
Coolest April for Metro Vancouver home sales in 17 years

Coolest April for Metro Vancouver home sales in 17 years

Metro Vancouver home sales saw the coolest April for 17 years, with the Real Estate Board of Greater Vancouver (REBGV) admitting that “market conditions are changing.
Buyers, be warned: fixed mortgage rates going up at Big Banks

Buyers, be warned: fixed mortgage rates going up at Big Banks

CIBC announced Tuesday (May 1) that it would be following TD Bank and RBC’s recent moves in raising its fixed mortgage rates, with a 15 basis-point increase taking its five-year fixed rate to 5.14 per cent.
Home prices are not really dropping: Desjardins

Home prices are not really dropping: Desjardins

Average (but not benchmark) home prices have seen a recent decline in Metro Vancouver, the Greater Toronto Area and various other regions across Canada – a fact that is cheered by many hoping for better affordability.
First-timers plagued by fears over home-buying process

First-timers plagued by fears over home-buying process

More than seven in 10 Canadian first-time home buyers (71 per cent) are afraid that they’ll be hit by unanticipated costs during the process, according to a new survey by TD Bank.
Height concerns remain as six-storey development moves to public hearing

Height concerns remain as six-storey development moves to public hearing

Sechelt
Construction labour shortage a massive barrier to B.C.’s new housing: experts

Construction labour shortage a massive barrier to B.C.’s new housing: experts

Even with good intentions, appropriate funding and expedited permitting processes, there simply aren’t enough construction tradespeople to build all the homes required to meet B.C.'s housing targets, according to a group of industry experts.
B.C. cracks down on condo-flip taxation, creates rental zoning tool

B.C. cracks down on condo-flip taxation, creates rental zoning tool

A crackdown on non-payment of taxes on presale condo flips is one of three new housing measures announced by the finance minister April 24.
Sunshine Coast nowhere on list of region’s real estate investment hot spots

Sunshine Coast nowhere on list of region’s real estate investment hot spots

Considering the relative real estate value to be had on the Sunshine Coast, you might think that the area would be among the region’s hottest to invest in real estate right now – but not according to financial website MoneySense.
Judge backs buyer reneging on $6.5M purchase over land restrictions

Judge backs buyer reneging on $6.5M purchase over land restrictions

A BC Supreme Court judge has concluded a buyer who backed out of a deal to buy a $6.5 million mansion in West Vancouver was entitled to do so because a British Pacific Properties restrictive covenant significantly impacted potential uses.