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Metro Vancouver industrial market remains tight as 2023 begins

Metro Vancouver industrial market remains tight as 2023 begins

No relief in sight as most space spoken for months ahead of completion
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CREA predicts 2023 home sales to edge down 0.5% from 2022 mark

OTTAWA — The Canadian Real Estate Association says it expects home sales this year to edge down 0.5 per cent compared with 2022. In its updated forecast for the year, it also says it expects the average home price to decline 5.
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Downtown Vancouver office vacancy rate eases slightly as demand moves to suburbs

Downtown Vancouver office vacancy rate eases slightly as demand moves to suburbs

Region’s office space market remains the tightest in North America
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How high will Surrey's property taxes go after McCallum's term?

How high will Surrey's property taxes go after McCallum's term?

Surrey Mayor Brenda Locke will need to deliver a tax increase in order to pay for substantial cost overruns made more clear by the City of Surrey following last October's municipal election.
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Banks vs. mortgage brokers: which is better for homebuyers?

Banks vs. mortgage brokers: which is better for homebuyers?

Mortgage brokers have the potential to offer a wider variety of rates, while banks have the advantage of an existing relationship that brings comfort to the homebuying process, says real estate advisor.
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Here is how renters can get information about Metro Vancouver landlords

Here is how renters can get information about Metro Vancouver landlords

Be prepared before you sign a lease.
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Home prices in Q4 down year-over-year, first decline since end of 2008: report

Home prices in Q4 down year-over-year, first decline since end of 2008: report

TORONTO — A report by Royal LePage says the median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis.
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B.C. owners and renters have highest housing expense in Canada, survey finds

B.C. owners and renters have highest housing expense in Canada, survey finds

Not a single B.C. city made it on the 'lowest shelter costs' list.
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B.C. creates $500 million fund to buy old rental buildings and protect tenants

B.C. creates $500 million fund to buy old rental buildings and protect tenants

BURNABY, B.C. — The British Columbia government says it will save rental homes and protect tenants from "housing speculators and profiteers" with the creation of a half-a-billion-dollar Rental Protection Fund.
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Banking regulator launches consultations on mortgage rules, proposes additions

Banking regulator launches consultations on mortgage rules, proposes additions

Canada's banking regulator is launching public consultations on existing and newly proposed mortgage lending rules as it says loan risks have increased considerably since the start of the COVID-19 pandemic.
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