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Real Estate News

Province to regulate the real estate regulators

Province to regulate the real estate regulators

The B.C. government is launching a review of the province’s two key real estate regulatory groups, in order to "make sure that British Columbians are effectively protected," finance minister Carole James announced April 18.
$1.9 billion expected for provincewide rental housing

$1.9 billion expected for provincewide rental housing

Rental units intended to help families, and low and middle-income seniors

Has the foreign buyer tax made homes more affordable?

Only five per cent of British Columbians think that taxing foreign buyers on real estate purchases has resulted in homes becoming more affordable, according to a survey released this week by real estate website Zoocasa.
Renter numbers on the rise in Metro Vancouver while declining in Montréal

Renter numbers on the rise in Metro Vancouver while declining in Montréal

Metro Vancouver’s sky-high real estate prices are pushing up the percentage of people renting their homes, with some age groups in the city overtaking even traditionally high-rental-rate Montréal, according to a new national study of 2016 Census data
B.C.'s commercial real estate sales smash records in 2017

B.C.'s commercial real estate sales smash records in 2017

British Columbia commercial real estate investment activity and dollar volume achieved record heights in 2017 with the disposition of 230 office, industrial and retail properties valued at $7.5 billion during the record-setting year.
B.C. farmland per-acre value nearly 100 times that of Prairies

B.C. farmland per-acre value nearly 100 times that of Prairies

A newly built, farmland mega-mansion, owned by a shell company, has driven the 26.6-acre lot it sits on from an assessed value of $88,000 to $8.
New laws give more protection to tenants facing renovictions

New laws give more protection to tenants facing renovictions

A Victoria tenants advocacy group says changes to B.C.’s tenancy laws introduced in the legislature April 12 will give more rights to renters facing renovictions.
B.C. home prices predicted to keep climbing as seller’s market persists

B.C. home prices predicted to keep climbing as seller’s market persists

The number of homes for sale across the province are at or near a 12-year low, pushing prices ever upwards, according to the B.C. Real Estate Association’s monthly statistical report released April 12.
B.C. government forms Rental Housing Task Force

B.C. government forms Rental Housing Task Force

Vancouver-West End MLA Spencer Chandra Herbert will head up a new Rental Housing Task Force. Premier John Horgan made the announcement April 10.
Delta solution to farm mansions should be followed, says Steves

Delta solution to farm mansions should be followed, says Steves

Richmond councillor says it's time to stop using the ALR as cheap land for mega-houses