Real Estate News

This massive, resort-style “Tuscan villa” in Surrey raised eyebrows and hit media headlines last summer with its record-breaking listing price of $28 million, 10 times its assessed value – later adjusted to $26 million and did not sell at the time.

Changes to the proposed B.C. speculation tax , announced by finance minister Carole James yesterday following a backlash from owners, have been broadly welcomed – but do not go far enough, according to industry groups.

A decline in Toronto’s rental prices may have put Vancouver back on top as Canada’s priciest city for one-bedroom rents, but prices have declined in all the top five most expensive rental cities.

It’s the debate that never seems to end in Richmond: what to do with home sizes on the ALR. Monday night’s council meeting further proved just how complicated the topic is, as councillors voted to refer the issue back to staff for additional review.

Under changes to the proposed speculation tax, B.C. residents will now only have to pay 0.5 per cent a year on second homes valued at $400,000 or above, finance minister Carole James announced in a media conference March 26. The tax will apply to B.

Affordable housing is undoubtedly a big issue but imposing a new tax on every household in the region to pay for projects might not be the best way to go, says Mayor Lois Jackson.

The city is poised to re-enter contentious debate over house sizes in North Delta.

The B.C. NDP government is responding to the backlash from B.C. home owners against the speculation tax, and will have an update on its details within days, Premier John Horgan announced March 21.

Development went belly-up and investor tried to sue for damages

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.