Real Estate News

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.

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.

Sechelt

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.

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.

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.

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.

If living on your own island seems idyllic but a bit inconvenient, perhaps the perfect compromise would be your own peninsula, surrounded by private beaches and rocky shoreline.

Whether the region’s home prices are rising or falling is significantly to do with buyers’ spending power – more so than foreign buyers or market speculation, according to the lead data analyst for Vancouver real estate firm the Rennie Group.

Gibsons