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Real Estate News

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.
Micro co-op design wins ‘missing middle’ housing competition

Micro co-op design wins ‘missing middle’ housing competition

Vancouver- and Richmond-based architectural firm Haeccity Studio has won an open design competition seeking innovations to improve the supply of “missing middle” housing in Metro Vancouver.
Metro Vancouver housing market still ‘vulnerable’ – for eighth straight quarter

Metro Vancouver housing market still ‘vulnerable’ – for eighth straight quarter

Metro Vancouver’s housing market has been assessed as “highly vulnerable” for the eighth consecutive quarter by the Canada Mortgage and Housing Corporation (CMHC).
Peak millennial home buyers see living spaces shrink 12% in year

Peak millennial home buyers see living spaces shrink 12% in year

The average home square footage that “peak millennials” – currently 25-to-32-year-olds – can afford to buy is typically 12 per cent smaller in Greater Vancouver than it was a year ago, according to a Royal LePage survey released April 26.
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.
Delta nowhere on list of region’s hot spots to invest in real estate

Delta nowhere on list of region’s hot spots to invest in real estate

Considering the extent of current real estate development, you might think that some parts of Delta would be among the region’s hottest areas 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.
Ultra-luxe home on private peninsula listed for $24.9M (PHOTOS)

Ultra-luxe home on private peninsula listed for $24.9M (PHOTOS)

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.