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Real Estate

Vancouver region closes out 2023 with higher home sales, average price of $1.17M

The Real Estate Board of Greater Vancouversays December home sales rose compared with a year earlier as the region closed out 2023 with balanced market conditions despite high borrowing costs.
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Reduced office values promise a tax hit to other property classes

Reduced office values promise a tax hit to other property classes

Value shifts compound the impact of municipal budget increases
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Experts eye interest rate in 2024 as assessed property values stabilize in B.C.

Experts eye interest rate in 2024 as assessed property values stabilize in B.C.

VANCOUVER — The latest housing assessment figures in British Columbia show residential property markets softening across the province, but analysts say it may not bode well for affordability in the coming year.
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B.C. government forges ahead with $907M in homeowner grant subsidies

B.C. government forges ahead with $907M in homeowner grant subsidies

The annual homeowner grant returns property tax to those who own a principal residence valued under $2.15 million.
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Homebuyers favour North Shore, Burnaby and North Delta in 2023

Homebuyers favour North Shore, Burnaby and North Delta in 2023

Industry experts highlight North Delta and Burnaby as popular choices for first-time buyers.
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Cracks showing as UBCO undertakes ambitious 43-storey Kelowna tower

Cracks showing as UBCO undertakes ambitious 43-storey Kelowna tower

UBCO's downtown campus impact local coworking space and other neighbours
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Big transactions drew interest in 2023 as deal-making slowed

Big transactions drew interest in 2023 as deal-making slowed

Industrial, residential land deals topped reader interest in 2023
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Okanagan's Play Winery listed for $9M

Okanagan's Play Winery listed for $9M

Play Estate Winery originally opened in 2016
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Newsmakers 2023: B.C., feds unleash cascade of initiatives as housing crisis persists

Newsmakers 2023: B.C., feds unleash cascade of initiatives as housing crisis persists

Industry experts say new policies have taken a systems-wide approach
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Mission Group postpones two Kelowna projects as market tightens

Mission Group postpones two Kelowna projects as market tightens

Projects shelved, staff members laid off after pre-leasing levels fall short
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