Real Estate News

Gibsons

Canada is a hugely diverse country – and so are its real estate markets. The Lower Mainland and Greater Toronto are notoriously expensive, while some areas are still extremely affordable – even if you’re on a single-person income.

After years of Metro Vancouver leading the country in terms of soaring detached home sales, the recent softening of that market has paved the way for a boom in Montréal, according to a report published March 21.

If you dream of owning a spacious detached home on a large lot, it can be yours for a fraction of the cost of those in Metro Vancouver and the capital region, according to a new report by the B.C. Northern Real Estate Board.

Both West Kelowna and now the Regional District of Nanaimo (RDN) have asked the B.C. government not to impose the new speculation tax in their regions, with the latter saying that “in its current form, [the tax] should be eliminated.

There is now a way for the public to report shady real estate deals. The Real Estate Council of British Columbia announced the launch Thursday of an anonymous tipline “to enhance consume protection in British Columbia’s real estate market.

SCRD

East Porpoise Bay

Home sales across the province fell on an annual basis in February, due to tough new rules that make qualifying for a mortgage harder, according to a B.C. Real Estate Association report released March 14. A total of 6,206 B.C.

It’s easy to think that the problems facing Metro Vancouver’s housing market are relatively new. But if you take a look back at headlines from 20 or 30 years ago, you’ll see a different story.