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Real Estate News

Province scales back speculation tax, cuts rate for B.C. residents

Province scales back speculation tax, cuts rate for B.C. residents

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.
A new tax to help affordable housing initiatives?

A new tax to help affordable housing initiatives?

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.
Get ready for the North Delta monster house debate

Get ready for the North Delta monster house debate

The city is poised to re-enter contentious debate over house sizes in North Delta.
Premier promises update to speculation tax in 'days ahead'

Premier promises update to speculation tax in 'days ahead'

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.
Numbered companies lose 10 townhouses in Richmond

Numbered companies lose 10 townhouses in Richmond

Development went belly-up and investor tried to sue for damages
Canada’s 'top-tier' detached home buyers shifting sights to Montréal

Canada’s 'top-tier' detached home buyers shifting sights to Montréal

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.
Canada’s best and worst cities to buy home on single income (INFOGRAPHIC)

Canada’s best and worst cities to buy home on single income (INFOGRAPHIC)

Canada is a hugely diverse country – and so are its real estate markets. The Lower Mainland and Greater Toronto are notoriously expensive, while some areas are still extremely affordable – even if you’re on a single-person income.
Editorial: Is lodging one solution to our affordability crisis?

Editorial: Is lodging one solution to our affordability crisis?

Having a lodger living in the spare bedroom is a phenomenon that I am very familiar with, having grown up in the U.K. where such arrangements are common.
Richmond passes 10-year affordable housing strategy

Richmond passes 10-year affordable housing strategy

The City of Richmond last week passed the 2017-2027 Affordable Housing Strategy at a city council meeting. The city has set a target of an additional 50 low-rent units per year, and the annual collection of $1.
Want an affordable home? Move to Northern B.C., invites real estate board

Want an affordable home? Move to Northern B.C., invites real estate board

If you dream of owning a spacious detached home on a large lot, it can be yours for a fraction of the cost of those in Metro Vancouver and the capital region, according to a new report by the B.C. Northern Real Estate Board.