Real Estate News
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The Real Estate Board of Greater Vancouver (REBGV) honoured three REALTORS® last week for their abiding commitment to charitable and community causes. read more
Demand for land helped commercial real estate sales and dollar volume reach five-year highs in the Lower Mainland in 2016, according to data from Commercial Edge, a commercial real estate system operated by the Real Estate Board of Greater Vancouver (REBGV). read more
Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market. read more
Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market. read more
The Metro Vancouver* housing market had its third highest selling year on record in 2016, behind only 2015 and 2005.
For the first time in the Vancouver area, more than 5,000 homes have sold in a single month. A total of 5,173 residential properties were sold in the region in March, marking a 27.4-per-cent increase over March 2015 and a 24-per-cent increase over February 2016, according to the Real Estate Board of Greater Vancouver. “March […]
Results from Canada Mortgage and Housing Corp.'s first-ever rental turnover survey in Metro Vancouver points to a migration of rental demand from the pricier centre to less-expensive suburbs.
Vancouver-area seniors tend to be viewed as equity-rich fat cats with paid-off homes to finance their post-employment years. As the myth goes, these folks sell their West Side homes for millions, then relocate to stylish condos or retreats in Sechelt or Qualicum Beach while having enough left over to dole out downpayments on housing for their children.
Vancouver's heritage homes seem to be disappearing as rapidly as the original forest they replaced.
Across North America, city governments and neighbourhood activists are worried that the exploding popularly of Airbnb is hurting neighbourhoods and putting a strain on rental housing stock, as landlords choose the lucrative option of short-term rentals over long-term tenants.
Buyers from China comprised about one-third of purchases of Vancouver’s hot housing market in 2015, according to “back of the envelope calculations” by National Bank of Canada. Chinese investors spent about $12.7 billion on real estate in Vancouver in 2015, or 33 percent of its $38.5 billion in total sales, according to a note […]
The federal Liberal government has jumped back into funding affordable housing initiatives, including programs to spur rental housing construction and bolster rent supplements.
Unless a buyer put a gun to your head and forced you to sell at a lavish profit, you don’t get to complain about it because if you see it as a problem, you are part of that problem, says Vancouver Sun columnist Pete McMartin.
Vancouver architects David and Susan Scott have woven their individual practices into one entity so successfully that judges on the Royal Architectural Institute of Canada's selection panel couldn't pick one over the other to bestow its 2016 Young Architect Award upon.
Burnaby is putting up a forest of high-rise residential towers up to 65 storeys tall over the next 25 years, far outstripping anything Vancouver is contemplating.
The B.C. government has pledged to crack down on "shady" realtors involved in shadow flipping in the hot property market with new regulations that would see any profits gained by realtors returned to the seller.
British Columbia's Opposition New Democrats are attempting to tackle the province's housing affordability crisis with a series of private member's bills that includes a two-per-cent speculation tax.
Vancouver homebuyers increasingly encounter real estate bidding wars, some of them artfully engineered by realtors who list properties at prices below their market value. We have all heard about the way this works. An open house is held at an attractively priced property. Prospective buyers are advised as to when offers will be accepted — at which point, in a hot market like Vancouver’s, competitive bidding usually takes place, with several potential buyers offering to pay more than the property’s asking price. Sometimes as much as $1 million more.
An advisory group looking into the practices of British Columbia real estate agents will examine whether the current rules are protecting consumers and public confidence.
A huge concern being expressed about high housing prices in the Vancouver area is that a younger generation will never be able to buy into the communities they are growing up in. But Kathleen Higgins and her architect husband John believe they have an answer to that problem.