News – February 16, 2018

B.C's loans for first-time home buyers saw little pickup last year, report finds 

The Globe and Mail 

From January to September last year, 1,395 loans were paid or approved through the B.C. Home Owner Mortgage and Equity Partnership, with about a third of those buyers purchasing condos or townhouses in Metro Vancouver – or 1.2 per cent of all home sales in that region, the report says.


Still over a million dollars, average house prices drop one percent in Metro Vancouver 

... Vancouver in January this year was $1,036,968. MARTIN BARRAUD/GETTY IMAGES. There was a slight drop in average home prices in Metro Vancouver last month. Prices decreased one percent in January 2018 compared to December 2017. Based on figures released by the B.C. Real Estate ...


Burrard Place redevelopment progresses 

Business in Vancouver 

“Two Burrard Place will be mid-block on Hornby Street and it has already been rezoned and we're now applying for a development permit,” Reliance Properties CEO Jon Stovell told Business in Vancouver. The fourth ... “That's different from the other two towers, which are mixed use but mostly condos.”.


West Vancouver to call on province for tax burden shift 

North Shore News 

Under the current law there are only nine different tax classes: residential, business, farm, light industry, major industry, utilities, managed forest land, recreational and supportive housing. But the residential class, which comprises almost all of West Vancouver's land, covers everything from monster ...


Canadian home sales hit lowest level in three years

Toronto Star 

The uncertainty that has consumers taking a step back from the housing market will persist unless the government addresses the shortage of supply in Toronto and Vancouver, said CREA. “The piling on of yet more mortgage rule changes that took effect starting New Year's Day has created homebuyer ...


News – February 15, 2018

Canadian home prices rise as Toronto sees first gain in 6 months 

Toronto's housing market pulled back last year after Ontario implemented a series of measures such as restricting foreign buyers to cool the once ... House prices in Vancouver rose 1.2 per cent, making it the main contributor to the index. ... Housing price increases in Fraser Valley outpace Vancouver.


Looking for a new condo for half a million? Forget Vancouver

Vancouver Sun 

New real estate data that compares what $500,000 can buy in newly built condos in cities across Canada turned up nothing in the city of Vancouver. The Altus Group survey said that buyers would have to go to a nearby city such as Burnaby to find projects offering one bedroom units at this price point


There isn't enough industrial real estate in Metro Vancouver: report 

In a report from real estate company CBRE, Metro Vancouver's industrial vacancy rate dropped from 3.9 per cent to 2.3 per cent between 2016 and 2017, and they predict that by the end of 2018 it will fall to a historic 1.7 per cent. The report says rent is up 13.6 per cent year-over-year in Metro Vancouver, ...


Construction wages expected to increase 10%: ICBA 

Business in Vancouver 

In the wake of announcements that construction job growth will increase substantially over the next 3 years, a recent survey indicates that construction wages will also increase nearly 10% over the next couple years. In a study recently released by the Independent Contractors and Business Association ...


Canadian home sales, listings slump in January with arrival of new mortgage rules 

... of the national housing market is well balanced, with local markets responding appropriately to varying fundamentals and policy shocks. In the [Greater Toronto Area], the detached market is still absorbing additional measures taken at the provincial level, while condo markets in Vancouver and Toronto ...


News – February 14, 2018


No new condos in Vancouver for $500K or less 

Vancouver Courier 


A national survey of what $500,000 buys in newly built condos was unable to find a single example in Vancouver proper – the only city in the survey to have zero stock of new units under $500K. The latest condo market survey from real estate data company Altus Group said that buyers would have to go ...



Vancouver drives house price index in January: National Bank 


Vancouver drove the index for the second straight month, said Marc Pinsonneault, senior economist at National Bank, in a report on the index. “Without Vancouver, the composite index would have retreated for a fifth month in a row.” On a year-over-year basis, Vancouver's index for condos surged 23.0% ...



BC down payment loans boosted home prices 0.6 per cent 

Vancouver Courier 


The authors said that Metro Vancouver condo prices had risen by 18.61 per cent on an annual basis, as of September 2017, and that based on their SALR model, if the HPP-purchased condos had never been purchased and remained in supply, the annual condo price increase would have been 18.06 ...



British Columbia to curb housing speculation, crack down on tax cheats 



VANCOUVER (Reuters) - The British Columbia government pledged on Tuesday to curb speculative demand and stabilize “out-of-control” housing markets in the province, ... She said the budget would offer measures to address the effect of speculation on real estate prices, but provided no other details.



One-third of baby-boomers helping millennials buy real estate

Vancouver Courier 


It found that one-third of boomers plan to transfer wealth – within their own lifetimes – to their beneficiaries (mostly their adult children) with the specific purpose of helping them buy real estate. This proportion increases to 36 per cent in the Vancouver region. The median age of recipients of these “living ...


News – February 13, 2018


Vancouver's rental, housing markets pressed by 'temporary' residents 

Times Colonist 

Metro Vancouver's young adults are increasingly competing with international students, foreign workers and financially supportive offshore parents to buy a home or find a place to rent. A Canada Mortgage and Housing Corporation report released this week shows international students and temporary ...


CMHC: A Quarter of Vancouver Real Estate Price Increases Can't Be Explained 

Better Dwelling 

Vancouver real estate is some of the priciest in the world, and people are struggling to figure out why. The Canada Mortgage And HousingCorporation (CMHC) studied major urban markets, and modeled where they should be. The government owned organization concludes that a quarter of 


Northeast False Creek plan critics lament loss of Vancouver's mountain views 

Ma said she's not opposed to condos being developed in the area — just their height. She said Vancouver is one of the few cities in the world with such spectacular views. "This is a free public asset and free public amenity that everyone can enjoy," she said. "In terms of what is being built to cover those ...


West Vancouver's coolest house? Listed for a cool $22.88M 

Vancouver Courier 

Listing agent: Matt Gul, Personal Real Estate Corporation. The architect, Russell Hollingsworth – son of renowned architect Fred Hollingsworth and an acclaimed architect in his own right – designed and built the home in 2012, and it is one of several homes in the community he has designed. West Van ...


Vancouver unveils Marpole temporary modular housing 

Vancouver Sun 

The units in the modular apartment building set to open in Marpole this month are small, just 250 sq. feet, but each will offer a homeless person their own small kitchen and bathroom with a shower stall. Officials took journalists on a tour of the temporary apartment block, built of prefabricated units, that is ...



News – February 9, 2018


West End proposal mixes ultra-luxe condos with social housing 


Vancouver Courier 


Last fall, developer Landa Global proposed this 21-storey tower for Vancouver's West End – and now local residents will have their say on the proposed ... Rafii Architects' ultra-modern design is based on two towers of building blocks at varying angles, and contains just two luxury condos per floor, which ...


Sales of attached properties above historic averages 


The Record (New Westminster) 


“Demand remains elevated and listings scarce in the attached and apartment markets across Metro Vancouver,” said board president Jill Oudil. “Buyers in the detached market are facing less competition and have much more selection to choose. For detached home sellers to be successful, it's important ...


4 charts that show how foreign buyers' taxes can yank prices down in Vancouver, and elsewhere 


The CMHC carried out its research at the behest of the federal Ministry of Families, Children and Social Development, which wanted answers about why home prices have sprung up so rapidly in major Canadian cities since 2010. The report looked at home prices in Vancouver, Calgary, Edmonton, ...


Chilliwack real estate sales remain steady, prices continue to rise 


Agassiz-Harrison Observer 


New, stricter mortgage rules in place as of Jan. 1 may have cooled the local market slightly, but with the fewest numbers of listings in a decade, prices continue to rise and the Chilliwack and District Real Estate Board (CADREB) area remains a seller's market. Those homes that are being snapped up are ...


District of North Van advances Maplewood Village development plan 


Business in Vancouver 


Despite concerns over residential/industry conflict and ever-present gridlock, District of North Vancouver council amended their official community plan ... some of the most passionate advocates for affordable non-market housing are voting against the plan that delivers the most non-market housing that ...


News – February 6, 2018


Vancouver's condos, townhomes in high demand 

Mortgage Broker News 

In its latest report, the Real Estate Board of Greater Vancouver said that demand will continue to be high for condominiums and townhomes in the region, ... looks at how many properties sold compared with those listed, was 57.2% for condos, 32.8% for townhouses, and 11.6% for detached properties.


False Creek Flats area faces soaring price pressure 

Business in Vancouver 

The first speculative developers on Vancouver's False Creek Flats might be the last to see land prices at less than $500 per square foot. ... His clients, PCI Developments and Low Tide Properties, bought 565 Great Northern Way, a 1.85-acre site in the Flats, in 2016 for $34.6 million, or $430 per square ...


New 'dual agency' realty rules sowing seeds of confusion 

Business in Vancouver 

The report was triggered by a handful of high-profile cases of misconduct in Metro Vancouver. Lawyer Michael Noseworthy was later appointed as superintendent of real estate to oversee the council. The province also appointed new members to the council. Fines for real estate agents engaged in ...


Canadian mortgages held by foreigners grow, says housing agency 


FILE PHOTO: A real estate for sale sign is pictured in front of a home in Vancouver, British Columbia, Canada, September 22, 2016. REUTERS/Ben Nelms/File Photo. For the report, non-permanent residents included foreign workers, students, refugee claimants and other non-Canadians living in ...


Metro Vancouver residents demand transparency over modular housing tenants they fear could ... 

Derek Palaschuk, a spokesperson for the Vancouver Caring Citizens Association in Marpole, said their research shows that each housing project is required to have 20 per cent of tenants classified as higher needs or what B.C. Housing calls Service Level 3. This is a group that, according to a city ...



News – February 5, 2018


Condos, townhomes in high demand in Metro Vancouverreal estate board says 

The Real Estate Board of Greater Vancouver says demand continues to be high for condominiums and townhomes in the region, but less so for detached properties. The board says 1,818 homes sold in January — up 19.4 per cent from the same time last year, but down 9.8 per cent from December 2017 ...


Affordable rental homes included in proposed downtown Vancouver luxury condo development 

The rentals will be built on the second and third floors of the proposed 21-storey condo tower at southwest corner of Alberni and Denman streets. More than half of the rentals will be bachelor suites and one-bedroom units. High-end condos will occupy the upper 18 floors of the development, which has ...


Vancouver's Oakridge mall gets a makeover – and a new lease on life 

The Globe and Mail 

The site, in the 1950s, was one of the last areas of the City of Vancouver to be developed. In the 1980s, the mall was renovated and some office space was added alongside several dozen condos. In 2007, then owner Ivanhoé Cambridge, the real estate arm of Quebec's public pension plan, put out a ...


Vancouver House That Needs A 'Little TLC' Is All Yours For Almost $7 Million 

HuffPost Canada 

Prices of detached homes in Vancouver might be taking a (very, very slight) dip, but this property is here to show us that the city's real estate market hasn't lost its ability to be astronomically inaccessible to the ... The house was listed in 2015 for $2.1 million, according to an article in the VancouverSun.


North Vancouver mayors tackle condos and commutes 

Vancouver Courier 

City of North Vancouver Mayor Darrell Mussatto and District of North Vancouver Mayor Richard Walton speak to Chamber of Commerce members at the ... The high quality of life on the North Shore means its real estate will always be in high demand, regardless of how much supply we add, Walton said, ...


News – February 2, 2018


Condo, townhome demand rises in Metro VancouverReal estate board 


VANCOUVER - The Real Estate Board of Greater Vancouver says demand continues to be high for condominiums and townhomes in the region, but less so for detached properties. The board says 1,818 homes sold in January -- up 19.4 per cent from the same time last year, but down 9.8 per cent from ...


North Vancouver mayors talk condos, commutes, congestion 

North Shore News 

“They all say we can't get enough workers to come here because it's too expensive to live here and if they're going to work at a Starbucks, they might as well work at the one in Surrey where they live and not the one in North Vancouver,” Mussatto said. The city has been adding to its housing supply, ...


UBCM seeks measures to cool real estate speculation in BC 

Vancouver Sun 

Greg Moore, Metro Vancouver chairman and mayor of Port Coquitlam, talks about the report on housing released by the body that represents B.C. ... “It's very, very hard to stop the charging locomotive of a rising real-estate market,” said Ley, who was on the committee that drew up the UBCM report, ...


BC cities call for tax changes to address housing affordability 

CTV News 

VANCOUVER -- A group that represents municipalities in British Columbia is calling for significant tax and regulatory changes for a comprehensive approach to more affordable housing. The Union of B.C. Municipalities has issued a report containing 32 recommendations for provincial and federal ...


Vancouver homeowner says Empty Homes Tax is hurting those with second homes 

Borkenhagen said that even if they tried to rent it again, the rent would be too high to actually help younger people looking for a home. “What Vancouver is trying to do is loosen up the rental housing for the millennials and the average rent for a millennial is somewhere between $900 and $1,200 a month ...



News – January 31, 2018


Housing price increases in Fraser Valley outpace Vancouver 


The Canadian Mortgage and Housing Corporation says demand for less expensive condominiums and apartments in North Delta, Surrey and Langley has inflated prices at a sharper rate than in Vancouver. The CMHC's latest Housing Market Assessment for the first quarter of 2018 shows that ...



Real estate market interventions are expected to curb first-time buyers' enthusiasm 


Financial Post 


Despite slowing growth in prices, real estate markets in Toronto, Vancouver, Hamilton and Victoria all showed strong signs of overvaluation, with house prices high relative to incomes, mortgage rates and population, the Canada Mortgage and Housing Corporation said in its latest housing market ...



BC city named Canada's No. 2 place for millennials, and it sure isn't Vancouver 



That includes more condos and townhomes — “creative housing opportunities that millennials are looking for,” Kerr added. There's construction all over the city, in what is a clear sign of the demand for housing. It's transforming the city's skyline, and its reputation as a sleepy capital. Vancouver ...


Modular housing project proposed near Olympic Village SkyTrain station 


Vancouver plans to build 600 temporary modular housing units around the city with the newest project proposed near the Olympic Village SkyTrain station. If the project goes through, part of a parking lot in the 500 block of West Second Avenue, just off Cambie Street, would be replaced by a ...



Andrew Weaver to put forward Green Party housing policy recommendations 


The day after his City of Vancouver counterpart called for action on the file, B.C. Green Party Leader Andrew Weaver says he will outline his party's ideas for improving housing affordability in the province Wednesday. Weaver, whose party holds the balance of power in the legislature, did not elaborate ...



News – January 30, 2018


How over 46000 wealthy immigrants took a back door into Vancouver and Toronto's housing markets 


Over 46,000 wealthy immigrants took a back door into Vancouver and Toronto's housing markets over the past three decades, according to custom Census data obtained exclusively by Global News. That back door is the Quebec Immigrant Investor Program (QIIP). Established in 1986, it offers ...




Vancouverites have 4 days left to submit empty homes declarations 


CTV News 


“It's unacceptable for so many homes to be sitting empty or under-occupied in Vancouver when people who live and work here are struggling to find secure and affordable housing,” Mayor Gregor Robertson said in a statement. The mayor has said the tax could put as many as 25,000 back on the rental ...




CMHC says national housing market still 'highly vulnerable' for 6th straight quarter 


In Vancouver, the market remained highly vulnerable, with some evidence of moderate overheating and price acceleration, and a high degree of vulnerability related to overvaluation. CMHC said demand and supply imbalances persisted in the resale home market, especially for multi-family units.




Vancouver renters' union forms to fight soaring costs in city's housing market 


The News 


VANCOUVER — Rising rental costs, evictions and a scarcity of units in Vancouver's densely populated West End were among the reasons for Gail Harmer's decision to join a group that is taking a new approach to advocating for the rights and protection of tenants. The Vancouver Tenants Union formed ...




Once-hot Toronto housing now has buyers 'sitting on sidelines' as lending rules bite 




And just when you think the Canadian housing market is down for the count it tends to find a second wind. Vancouver's housing market plunged for five months after policymakers introduced a foreign-buyers tax in 2016 but has been recovering steadily since last year. Toronto's economy meanwhile is ...



News – January 29, 2018

This chart shows how much Greater Vancouver home prices have climbed over the past 4 decades 


Greater Vancouver is one of Canada's — and the world's — most expensive housing markets, but 40 years ago it was a very different story. In 1977, the average sale price of a home in Greater Vancouver was roughly $90,000, according to the Real Estate Board of Greater Vancouver's(REBGV) chart ...


Canadian pension funds eye further real estate allocations 

The Investor JLL 

Canadian pension funds have been steadily upping their total allocation to real estate, from 9.43 percent in 2011 to 11.76 percent by the end of 2016, ... “While edge-of-CBD office demand in Vancouver, Montreal and Toronto remain strong, suburban demand has increased recently as well,” he said.


Langley City sets $100 million construction record 

Aldergrove Star 

Add to that, the fact the City has kept development cost charges under control, winning a “Municipal Excellence Award” from the NAIOP Commercial Real Estate Development Association Vancouver chapter (formerly known as the National Association for Industrial and Office Parks). NAIOP declared the ...


Editorial: BC's south needs more northern exposure 

Business in Vancouver 

Metro Vancouver's regionally self-involved might consider the north a rural backwater of isolated communities that specialize in logging and mining and dabble in energy development. It might generate some ... The north's real estate and other costs of living are cheaper than the south's. Its population is ...


Opinion: Robertson is out, here are five reasons Mayor Corrigan shouldn't seek re-election as well 


Everyone in Metro-Vancouver knows we are in the middle of a development frenzy with high priced glass towers going up in every vacant parcel of land available. While other municipalities have tried to stymie redevelopment to protect existing affordable rentals from the wrecking ball, Mayor Corrigan ...



News – January 26, 2018


Vancouver to adopt 'locals-first' housing strategy 


The Globe and Mail 


The locals-first initiative is just one of many strategies that Vancouver and other cities in the region are experimenting with, along with limits on short-term vacation rentals and taxes on empty homes, as they try to grapple with a housing market that feels increasingly out of reach for average buyers.




Could family-sized laneway homes be on Vancouver's housing horizon? 


Vancouver Courier 


The goal is to find out more about laneway homes, including who is living in them and what they're like as homes. The survey is part of the city's laneway housing review, which was approved in November 2017, as part of the city's Housing Vancouver strategy and three-year action plan for 2018 to 2020.




Making room for Amazon is Canada's and Toronto's housing challenge: Don Pittis 


He cites the "socialism for the rich" argument proposed by University of British Columbia economist Tom Davidoff, which sees single-family housingprotected by municipal laws as an unfair consumption of public wealth. While Vancouver may face a relative shortage of building space due to its ...




New rental building proposed for East Hastings 


Vancouver Courier 


The policy is intended to help the City reach its goal of creating 5,000 new units of market rental housing by 2021, according to the City of Vancouver's website. It offers developers incentives to build Rental 100 projects, including development cost levy waiver, reduced parking and unit size requirements, ...




Douglas Todd: How Canada's most expensive municipality grew alert to foreign capital 


Vancouver Sun 


West Vancouver is not as politically polarized as Vancouver, where the so-called “west side” of the city equals the suburb of West Vancouver in regards to ultra-wealthy real estate investors and a “severe” unaffordability ratio (of housing costs to median wages) of 13 to one, worse than New York City.


News – January 25, 2018

Vancouver Condo Listings Rise Over 52%, Prices Still Print New All-Time High 

Better Dwelling 

Vancouver real estate is a lot cooler than last year, except in the condo market. Numbers from the Real Estate Board of Greater Vancouver (REBGV) show that condo prices printed a new all-time high. This climb came even though the growth in inventory is beginning to outpace the growth of sales.


Final plan for Northeast False Creek goes before council 

Vancouver Courier 

The City of Vancouver's final plan for Northeast False Creek, which envisions the delivery of 1,800 affordable homes, 32 acres of new and renewed parks, and ... Its vision to deliver about 1,800 affordable homes amounts to “one of the largest deliveries of affordable housing in British Columbia's history,” ...


Arbutus Village developer wants more density – because of housing crisis 

Vancouver Courier 

The developer of the upcoming Arbutus Village has applied to the City of Vancouver to add an extra 113,519 square feet to the project, saying, “Since the Arbutus Centre Rezoning was approved in 2011, the housing crisis has worsened in Vancouver.” The 1970s shopping centre is being redeveloped ...


Heritage homes at risk of bulldozer in West Vancouver

Vancouver Courier 

Council has worked with property owners in the past to save a number of early West Vancouver homes or homes designed by important architects, by using heritage revitalization agreements. Those typically allow the owner to build extra density or subdivide a lot in exchange for restoration and legal ...


Vancouver Mayor's Disastrous Decade Can't End Soon Enough 

HuffPost Canada 

Vancouverites are being driven out of the city while rich foreign investors have been shown the red carpet. So much alleged corruption is now being exposed to show just how bad this situation was allowed to become. Local real estate firms have offices in the far east to attract investors, and Robertson ...


News – January 24, 2018


Victoria ranked Canada's second-least affordable housing market 


CTV Vancouver Island 


Victoria's tough housing market has been given yet another dubious title. A new study is calling the B.C. capital the second-most unaffordable housing market in Canada, behind only Vancouver. The annual Demographia International Housing Affordability Survey, released by the Frontier Centre for ...



Condos approved for North Vancouver Telus site 


Business in Vancouver 


The project includes 235 parking spots, including 30 spaces for Telus employees who will work in the building on the eastern side of the site. The extra density will exacerbate a parking scarcity that has sent many customers into the large parking lots around Park Royal in West Vancouver, said Coun.


Toronto And Vancouver Markets Affected By A Slip In Housing Starts? 


HiBusiness (blog) 


The Canada Mortgage and Housing Corporation (CMHC) says the seasonally adjusted annual rate of housing starts fell to 194,663 units in May compared with 213,498 in April, the second consecutive monthly fall since a record high set in March. This is due to the fall of constructions intentions in ...


Opinion: Let's get real on real estate affordability studies 


Vancouver Courier 


And what about other housing-related costs, such as transport and proximity to the city's core? Economists widely agree that transport costs should be factored into all affordability studies, and homes in Metro Vancouver on average are much closer to the city's core than other major global cities, ...




New False Creek Flats development gives Vancouver tech sector more office space 




Combined, the new buildings slated for the area will add the equivalent of almost one-10th of downtown Vancouver's current office space, according to real estate services firm CBRE Canada. In the third quarter of 2017, the city had North America's second-lowest downtown office vacancy rate, at just 5 ...


News – January 18, 2018

Project flow picks up in Vancouver condo pipeline 

Business in Vancouver 

Total HPO strata registrations, which include townhouse and condo apartments, across Metro Vancouver were down to 21,090 units in 2017, from more than 23,000 in 2016. Registrations were lower in Surrey, Richmond and Coquitlam, but higher in Langley and North Vancouver, where they increased ...


Home Listings In Vancouver Real Estate Escalates 

HiBusiness (blog) 

January 2017 is definitely a month to be remembered for Vancouver as the real estate market goes through a rough patch as home prices decline, home sales drops and home listings escalates. Quite recently, there were projects that that capital control in China will have great impacts on the Vancouver ...


As commercial vacancy rates continue to plunge in Metro Vancouver, rental costs skyrocket 

The Province 

Metro Vancouver is expected to experience North America's second-highest increase to industrial property rental rates through 2019, while vacancy rates are expected to drop to 2.1 per cent in that same period, according to a new forecast from Cushman and Wakefield. In the period from 2017 to the end ...


Why the 'Housing Crisis' Is Really About Globalization 

Of course, the reason for the wage-price gap is that the Vancouver housing market is no longer strictly local — already an unprecedented 20 per cent of high-end condominiums in Vancouver are foreign owned. The world sees Canada as a safe, economically secure and politically stable country, and ...



News – January 17, 2018

Horgan dismisses call to ban foreign ownership of BC real estate 

The Globe and Mail 

The Greens have agreed to support the minority NDP government on budget matters and other issues, but specific policies such as housing are not ... at the impact of the foreign-buyers tax, an additional transfer of 15 per cent that is currently charged on residential property sales in Metro Vancouver.


Your House Price Vs. The Markets: Which One Did Better In 2017? 

HuffPost Canada 

In fact, a nice stock or bond portfolio would have given you better returns over the past year than Toronto real estate. Not so for residents of Vancouver, where real estatehandily beat stocks and bonds over the past year. That's according to numbers crunched by real estate portal Zoocasa. They looked at ...


Housing affordability in Greater Vancouver could erode further in 2018 


In December 2017, Greater Vancouver home prices rose roughly 16 per cent year-over-year to $1,050,300, according to the latest data from the Real Estate Board of Greater Vancouver (REBGV), published this month. Home price appreciation hit a year-low of 7.9 per cent in June before accelerating ...


Vancouver Among The Most Exorbitant Real Estate Market Globally 

HiBusiness (blog) 

It does not come as a shocker that the Vancouver real estate market has once again been listed as one of the most unaffordable cities in the world. The city which is pleasing to both local investors and foreign buyers has had a great impact on home prices which has lead prices to skyrocket. Last year ...


Province to fund 450 units of affordable rental housing in Downtown Eastside 

CTV News 

Vancouver's most impoverished neighbourhood is getting a bit of help from the province in the form of 450 units of rental housing. The Ministry of Municipal Affairs and Housing has promised an $83-million investment in four projects all located in the Downtown Eastside. Minister Selina Robinson said ...


News – January 16, 2018

Can more housing supply resolve the affordability crisis in Vancouver

The Globe and Mail 

Joshua D. Gottlieb is an associate professor in the University of British Columbia's Vancouver School of Economics. The end of 2017 was a busy time for policy efforts to address the housing-affordability crisis in Canada's most expensive region. In November, the City of Vancouver announced a new ...


Canada's mortgage changes could hurt overall economy 

Business in Vancouver 

Vancouver-area mortgage broker Dustan Woodhouse fears that the federal government is moving too fast with lending restrictions and that it could threaten the national economy. “I believe they're trying to fix a problem that doesn't exist,” said Woodhouse, a senior broker with Dominion Lending Centres, ...


Canadian Real Estate Association reports rise in December housing sales and prices on ... 


Although Victoria saw a drop in homes sold in December compared to a month earlier, the rest of Vancouver Island saw a surge, according to the latest numbers from the Canadian Real Estate Association (CREA). Sixty per cent of local markets in Canada saw sales activity grow last month including ...


It's 'really problematic' to blame foreigners for housing crisis, says UBC sociologist 

"You're talking about five times as much domestic investment in real estate compared to foreign investment in real estate by value, at least in the Vancouver market," he said. By numbers, Lauster said, that's an estimated $45 billion worth of property in Metro Vancouver owned by people with foreign ...


Interest rate hike, new mortgage rules may trigger real estate market slowdown 

Vancouver Sun 

A for sale sign is shown outside a house under construction in a new subdivision in Beckwith, Ont., on Wednesday, Jan. 11, 2018. The Canadian Real Estate Assocation says national home sales rose 4.5 per cent in December from the month before. Sean Kilpatrick / THE CANADIAN PRESS.


News – January 15, 2018

Average Greater Vancouver home sale price grew more than 10% year-over-year in December ... 

Business in Vancouver 

The average home sale price reached $1,049,424 in Greater Vancouver in December, according to new data from the British Columbia Real Estate Association. This is an increase of 10.7% compared with the average of $948,246 in December 2016. The number of units sold last month increased 18.7% ...


Vancouver housing market shrugs off tax to outpace GTA 

The Globe and Mail 

The Canadian Real Estate Association reported year-end numbers Monday, showing a benchmark home sales price of $600,300 for Canada in December, up 9.1 per cent from a year earlier, according to the MLS Home Price Index. The index adjusts for the mix of home types sold during the year to ...


Home sales, average prices rose ahead of stricter mortgage rules 

CTV News 

The real estate association has cut its sales forecast for 2018 as a result of the anticipated impact of new stress tests, forecasting a 5.3 per cent drop in ... in December with the Greater Toronto Area, Edmonton, Calgary, the Fraser Valley, Vancouver Island, Hamilton-Burlington and Winnipeg leading the ...


Can more housing supply resolve the affordability crisis in Vancouver

The Globe and Mail 

More generally, shifting the provincial tax base from income to real estate would lead to a more livable region and a more stable and sustainable economy. Vancouver is taking important steps toward a more flexible housing market. But these changes are only a start. The city's planned increase of ...


Teranet: Montreal and Toronto Real Estate Prices Drop, Vancouver Soars 

Better Dwelling 

Canadian real estate prices are finally stabilizing… if you don't dig deeper. The Teranet-National Bank Home Price Index (HPI) stopped its decline in December, and actually printed a climb. That's an encouraging sign, until you break down the index by city. Most of last month's climb was due to one city, ...



News – January 11, 2018

In Vancouver, you're competing with non-residents for condos worth as little as $600K 


Among Metro Vancouver condos worth $600,000 to $799,999, for example, non-residents owned 10 per cent. In the City of Vancouver, that figure was 12 per cent. Meanwhile, non-residents owned 19 per cent of condos worth $1.5 million or more in the City of Vancouver, and 22 per cent of such units in ...


Non-residents own 10% of Vancouver condos as foreign-buyer debate continues 


MetroNews Canada 


For Vancouver condos worth over $1.5 million – which can buy you a three-bedroom condo in some parts of the city – the percentage owned by non-residents jumps to 19 per cent, according to his findings. About five per cent of single-family houses in Vancouver are owned by non-residents.


Vancouver mayor will not seek re-election amid housing crisis 


The Business Times 


[VANCOUVERVancouver Mayor Gregor Robertson said on Tuesday he would not seek re-election later this year, stepping aside during an affordability crisis that has pitted residents against speculators in Canada's most expensive housing market. Mr Robertson, 53, serving his third term as mayor of ...


Real estate market still hot, despite soaring prices for detached homes 


Surrey Now-Leader 


Recently released Fraser Valley Real Estate Board (FVREB) statistics show the benchmark (typical) price for detached homes in Langley topping the ... Real Estate Board of Greater Vancouver (REBGV) statistics show that it costs, on average, $827,000 to buy a detached home in Maple Ridge in ...


BC's real estate watchdog clashes with BC Real Estate Council 


Vancouver Sun 


It's a dispute of interest because both Noseworthy and a new slate of Real Estate Council members were appointed in response to a frenzy of scandals in 2016 involving realtors breaking rules, but facing few consequences, in a hot Metro Vancouver housing market. Homebuyers were incensed as ...



News – January 10, 2018

Metro Vancouver housing starts on track for record year: home builders 

The mantra for Metro Vancouer's housing woes has been supply, supply, supply, and 2018 is on track to deliver. That's according to the Greater Vancouver Home Builders' Association, which believes 2018 will eclipse 2017 with 22,000 new housing starts already on the docket. Preliminary data released ...


Greater Victoria set record for housing starts in 2017: report 

CTV Vancouver Island 

Greater Victoria's real estate market broke new ground in 2017 with the highest number of housing starts recorded in more than 40 years, new numbers show. The Canadian Mortgage and Housing Corporation reports that there were 3,862 housing starts in the region last year, up sharply from the 2,933 ...


What's up, what's down in sales of Vancouver homes worth $1 million or more 


Vancouver's top-tier residential real estate market split in two directions last year, according to Sotheby's International Realty Canada's Top-Tier Real Estate Report, a bi-annual study highlighting market trends for $1-million-plus residential properties in Canada's largest urban centres. Despite cooling ...


Vancouver's empty homes tax prompts audits 

CTV News 

... has already sent out notices requesting that some property owners provide evidence to support their declaration. Mayor Gregor Robertson says in a news release that the tax encourages the best use of all housing in the city and will increase the rental supply for those who live and work in Vancouver.


City of Vancouver in middle of the pack when it comes to density 

These cities have already done this type of density, and it means Vancouver has a lot of room to catch up if they want to boost the housing supply ... which, in the short-term, is incredibly important for stemming home prices," said Filipowicz. But Brent Toderian, the city's former chief planner, says it's a ...



News – – January 9, 2018

Price sprawl: $1-million homes galore in Vancouver region 


The Globe and Mail 


The B.C. government introduced a 15-per-cent tax on foreign buyers in Metro Vancouver in August, 2016. After real estate prices decreased in the autumn of 2016, the market for detached houses began rebounding in early 2017 while prices for condos and townhouses surged as buyers flocked to ...




Condos Fuel Strongest Year in a Decade for Canadian Builders 




The increased activity mostly sidestepped land-constrained Toronto and Vancouver, the country's two most expensive markets, but was robust in the suburbs and less pricey surrounding cities. Starts in Toronto fell 1 percent to 38,738 in 2017, while declining 6 percent in Vancouver to 26,204 units.




Montreal real estate market has best sales growth in a decade 




That compared with sales decreases of 18 per cent in the Greater Toronto Area and 10 per cent in Greater Vancouver. Unlike Toronto and Vancouver, Montreal doesn't have a foreign buyers tax. More than 14,000 condos changed hands across the Island of Montreal and nearby communities during the ...




Mega mansion propels farm lot from $88000 to $8.3 million 


Richmond News 


Transparency International, a non-government organization, has reported how Metro Vancouver real estate is a prime target for speculation due to Canada's weak laws surrounding beneficial ownership via numbered companies. The home at 11400 No. 2 Road is still under construction. According to ...




New report suggests Vancouver's density could handle more people and housing


Vancouver Sun 


The report, titled “Room to grow: Comparing urban density in Canada and abroad”, suggests Vancouver could still grow and handle even more population and housing. Population density is expressed as a ratio, calculated by dividing a city's population by its urban land area. Using 2016 data in the ...



News – – January 8, 2018

'It's on fire': Montreal home sales growth soars past Toronto, Vancouver for first time in 20 years

Financial Post 

Unlike Toronto and Vancouver, Montreal doesn't have a foreign buyers tax. More than 14,000 condos changed hands across the Island of Montreal and nearby communities during the year, marking a 17 per cent increase from 2016. “It's on fire,” said Paul Cardinal, manager market analysis for the ...


Canadian real estate market outlook 2018 


CREA, is the trade association that represents more than 100,000 real estate brokers, agents and salespeople across Canada. In December, CREA cut its home sales forecast for 2018. The association's analysts cite the impact of tighter mortgage rules, the chill from the Toronto and Vancouverforeign ...


Daryl Katz Lists Vancouver Penthouse Condo For $38 Million 

Huffington Post Canada 

This luxury penthouse in Vancouver's Coal Harbour neighbourhood is listed at an asking price of $38 million. Edmonton Oilers owner Daryl ... The other penthouse in the building, Penthouse One, sold for $25 million in 2013 as part of the largest real estate deal in Canadian history. The buyer, who also ...


Vancouver plans to build temporary modular homes near Olympic Village station 

Times Colonist 

VANCOUVER — An empty lot near the Olympic Village SkyTrain station has been identified as the future site for a 50-unit, temporary, modular-housing project. In October, Vancouver Mayor Gregor Robertson promised to build 1,000 new social and supportive housing units before the end of 2018 to ...


Nanoose Bay property tops list of most expensive in region 

Parksville Qualicum Beach News 

Three Nanoose Bay properties made the list of top 100 most expensive residential real estate in Vancouver Island. BC Assessment released its 2018 property assessments and have identified the highest assessed values from all over the Island as of July 1, 2017. Leading the way in the Parksville ...


News – – January 5, 2018

2017 home sales in Vancouver more normal but prices up, says real estate board 

VANCOUVER _ The Real Estate Board of Greater Vancouver says home sales across Metro Vancouver were more “historically normal” in 2017, although the number of transactions was still the third highest in the past decade. Sales of detached homes, townhomes and apartments in Metro Vancouver ...


East vs West side: Which was Vancouver's real estate winner in 2017? 

Vancouver Courier 

There was a clear winner in Vancouver's battle for real estate domination in 2017, at least when it came to home price increases. And the winner is… Vancouver's East Side. The Vancouver East region of the city, which includes the East Side and Downtown East, saw single-family home prices rise by ...


Statistics Canada 'Got It Wrong' On Foreign Homebuyers, Anti-Corruption Group Says 

Huffington Post Canada 

StatsCan reported last month that non-residents own just 3.4 per cent of all residential properties in Toronto and 4.8 per cent of residential properties in VancouverReal estate industry insiders pointed to this as a sign that foreign home-buying is not driving up house prices in Canada, as many had ...


BC's LNG region experiences assessment deflation with projects on pause 

Vancouver Sun 

On Vancouver Island, homeowners saw assessments climb anywhere from 10 to 25 per cent for detached houses or 15 to 35 per cent for condominiums, according to B.C. Assessment, and Muir said some of the value was driven by the desirability of communities as retirement destinations. Parksville ...


Weekly Buzz: Vancouver foreign ownership and Bitcoin ban 

Western Investor 

... ever-buzzy topic of foreign ownership in Vancouver. Since the foreign buyer tax came into affect, studies have found the foreign buyers still continue to dominate the luxury home and condo markets. Meanwhile, the emerging popularity of Bitcoin currency has forced local real estatecouncils whether to ...


News – January 4, 2018

Vancouver condo prices soar as seller's market emerges 

The Globe and Mail 

It is a seller's market for condos. A measurement closely watched by the housing industry, known as the sales-to-active listings ratio, reached 59.6 per cent in Greater Vancouver's condo market last month. B.C. real estate agents consider it a balanced market when the ratio ranges from 15 to 20 per cent.


Weak sales cause average 2017 price of Vancouver detached homes to tumble 6.5% 

With 2017 behind us, for the first time in a decade, so may be some of the highest housing prices. Real estate agent and industry blogger Steve Saretsky says the average price of detached homes in Vancouver fell 6.5 per cent last year. Most of the price movement was at the higher end of the market, ...


2018 home sales in BC expected to decline, but prices climb, economists say 

The Telegram 

VANCOUVER — An upward trend in housing prices isn't expected to significantly change in British Columbia despite an anticipated slowdown in sales this year, economists say. The B.C. Real Estate Association's chief economist said Wednesday that new housing stock, slightly higher interest rates and ...


Foreign buyers 'dominate' high-end house sales in Vancouver

Business in Vancouver 

The survey also found the most expensive resale condominiums in Metro Vancouver now average $1,800 per square foot. Engel & Völkers maintains that foreign buyers remain a dominant force in Vancouver's high-end housing sales, though a recent survey by Statistics Canada found that foreign ...


Ottawa vague on helping City of Vancouver curb housing speculation 


The Government of Canada is releasing few details about federal measures to help City of Vancouver monitor and curb speculation in the housing market. On Nov. 29, Vancouver City Council approved their planning, urban design and sustainability department's Housing Vancouver strategy which aims ...



News – January 3, 2018

Latest property assessment data shows big increases for many condo and townhouse owners 

Vancouver Sun 

Condominium and townhouse owners throughout Greater Vancouver and the Fraser Valley will likely get a shock when they open their property assessment notices this week, thanks to a region-wide increase in strata property values. On Tuesday, B.C. Assessment released its 2018 property ...


Condos jump in value: BC Assessment 

North Shore News 

On the North Shore, home values in the City of North Vancouver went up the most – by an average of 10 per cent - led by increases in Lonsdale area condo values. “The strata market is the stronger market,” said Paul Borgo, deputy assessor for BC Assessment. “The single-family market is much quieter ...


What you need to know about BC's 2017 assessment values 

Just three of them were in Metro Vancouver, but 20 were on Vancouver Island. 3. Do your homework before appealing. Between one and two per cent of people file an appeal with B.C. Assessment ever year (the deadline is Jan. 31), but property tax agent Paul Sullivan said people shouldn't file one ...


Vancouver home sales more normal in 2017, but prices still rose 

Financial Post 

VANCOUVER — The Real Estate Board of Greater Vancouver says home sales across Metro Vancouver were more “historically normal” in 2017, although the number of transactions was still the third highest in the past decade. Sales of detached homes, townhomes and apartments in Metro Vancouver ...


Home sales fall, prices rise across Metro Vancouver in December 


Prices continued to rise, especially for condos. The Real Estate Board of Greater Vancouver says its adjusted benchmark price for all types of homes was up three tenths of a per cent from November and 16 per cent compared to a year earlier. The benchmark price for apartment-style condo was ...



News – January 2, 2018

Greater Vancouver home assessments up 1-30% in 2018: BC Assessment 


Business in Vancouver 

This home type saw, on average, a 30% jump in assessed value, from $673,000 last year to $877,000. Other large increases were seen in Maillardville townhouses (up 22% to $581,000), North Vancouver's Central Lonsdale condos (up 21% to $484,000), Garibaldi estate condos in Squamish (up 20% ...



Vancouver apartment market heats up as building starts stall 

Business in Vancouver 

The 110-unit project is fully leased and listed with the Goodman team at HQ Real Estate Services Ltd. for $54 million. “It's been a very successful project from a lease-up perspective,” Mark Goodman said as the project hit the market last month. “There was very little precedent at the time for modernized ...


BC housing starts cool after hot October 

Business in Vancouver 

Not surprisingly, fewer apartment starts (down 24%) led the monthly decline following the previous month's increase, with higher   single-family starts providing a partial offset. Declines of 9% in Vancouver and nearly 70% in Victoria led the pullback, as starts in both Kelowna and Abbotsford-Mission rose.


Stress tests, foreign buyers and higher rates likely to impact housing market in 2018 

Real estate was a major topic in the business world in 2017, and with some big changes on the horizon, the subject is likely to dominate headlines again this year. Here are five things to watch in Canadian real estate. Foreign buyers. Policy-makers in Toronto and Vancouver have taken steps to try to ...


4 Home Buying Trends To Watch In 2018 

Toronto Storeys (blog) 

But one housing type was consistently in demand throughout the year – condos. Multi-family housing has been on a tear, outpacing all other segments, in terms of price growth in both the Toronto and Vancouver markets. Why are buyers increasingly choosing condo living, rather than buying detached?


News – December 20, 2017

BC Assessment Authority warns homeowners of outsized assessment increases 

Vancouver Sun 

Those escalating assessments, particularly for owners in the condominium market, are a concern to municipal governments, said Vancouver Coun. Raymond Louie. “It runs counter to our efforts to create affordable housing by increasing more supply,” Louie said. Vancouver allows property owners to ...

As stores close, Canada's mall owners turn prime land into condos

Financial Post 

That was despite the highest level of rental construction in 25 years in the third quarter, according to Urbanation Inc. Home prices have surged more than 60 per cent in Vancouver and 40 per cent in Toronto in the last three years. Even pullbacks in these markets this year following policies to dampen ...

Commercial Real Estate: Lobbying to save Chinatown's heritage 

The Province 

Melody Ma retraces the steps she initially took about two years ago through Vancouver's Chinatown. The twenty-something freelance web developer and Chinatown activist remembers seeing a construction pit at Gore and East Hastings on that walk. “There used to be all of these interesting ...

Foreign buyers may not live in Vancouver, but their money sure does: StatsCan 

The data also identified a value gap between condominium apartments owned by residents and non-residents. Across Metro Vancouver, an average resident-owned condominium apartment was worth $530,800, while for non-residents, they were worth $692,000, about 30 per cent more. In the City of ...


News – December 19, 2017


Outlook 2018: housing slowdown in 2018 will have ripple effects 

Business in Vancouver 



But with housing development continuing to lag behind demand, not to mention population growth, Metro Vancouver's economy is, poised to feel the pinch in 2018. “There's a whole bunch of reasons Amazon HQ2 won't end up here, but one of the main reasons is how in the world are we going to find ...


Foreigners own 7.9 percent of Vancouver condos, new housing study shows 



The most detailed Canadian government housing study to date shows non-residents own 7.9 percent of the condominiums in Vancouver and 7.2 percent in Toronto, a higher share than previously thought. For all types of real estate, foreigners owned 4.8 percent of properties in Vancouverand 3.4 ...



Housing affordability and how to achieve it a constant theme in 2017 


Vancouver Courier 


In April I lost a few friends and readers by questioning why the city's Empty Home Tax was unfairly taxing people who kept a second home in Vancouver. “How can you come to the defense of people who can afford two homes when so many in the city can't afford one?” they asked. In May, as voters went ...



Non-residents of Canada own less than 5% of housing in Toronto, Vancouver areas 

Non-residents of Canada own less than five per cent of the housing in the Greater Toronto and Greater Vancouver areas, according to data released today by Statistics Canada. In a joint project with the Canada Mortgage and Housing Corporation, the data agency weighed into the debate over foreign ...


Growing number of families and seniors on UCPR low-income housing wait list 

The Review Newspaper

You may have heard of the soaring house prices in Vancouver and Toronto, but you don't have to look that far to see many people struggling to keep up with housing costs. As of September, there are 972 families the United Counties of Prescott and Russell's wait list for low-income housing—149 more ...



News – December 18, 2017

Condos and climbing prices: 5 real estate trends to expect in 2018 


CTV News 


With tighter mortgage regulations coming in January, some uncertainty surrounds the real estate market in 2018. Real estate expert Karyn Filiatrault spoke with CTV's Your Morning on Monday, to share the five real estate trends she expects in 2018: Condo popularity will surge: “We have baby boomers ...



Vancouver industrial real estate sales are up in price, down in number \




The days of industrial property in Vancouver could be numbered, according to Avison Young Inc. A new report by the Toronto-based commercial real estate services firm puts industrial building sales in the city at $192 million in 2016, the highest annual total on record. However, that value was based on ...


'We have not made a dent': John Horgan pledges more action on affordable housing in 2018 



"The key issue for the Lower Mainland, largely, and in southern Vancouver Island to a degree, is the affordability of market priced housing, and we have not made a dent there," Horgan told CBC's Gloria Macarenko, in an interview marking the end of 2017. "We wanted to ensure we weren't piecemeal on ...


Seniors especially hard-hit by BC's housing crisis: advocates 

CTV News 



VANCOUVER — Skyrocketing rents and dwindling affordable-housing units in Vancouver are driving seniors to the brink of homelessness, forcing some to couch surf, seek roommates or even live in cars, advocates say. While the debate over the city's housing crisis often focuses on millennials, people ...


News – December 15, 2017


Luxury Real Estate Investors Can Expect Upward Price Trajectory in Vancouver and Toronto in 2018 

Mansion Global 

The big story in Vancouver is the tremendous price growth of luxury condos since 2015, which British Columbia tried to slow with a 15% foreign buyers' tax in August 2016. A second “empty home” tax, which went into effect in January 2017, requires Vancouver homeowners to pay 1% of a property's ...


Year of the condo

VICE News 

Secondly, there's a constant trend of strong foreign buyer demand for centrally-located condominiums Toronto and Vancouver, even after the foreign buyers tax was imposed in both cities. According to data from the Canada Housing and Mortgage Corporation, one out of every 10 condosbuilt in ...


Number of home sales expected to drop further in 2018 due to new mortgage rules: CREA 

TORONTO – The Canadian Real Estate Association has cut its home sales forecast for next year due to the impact of tighter mortgage regulations that ... which include a stress test for uninsured mortgages, will reduce sales activity across the country, particularly in and around Toronto and Vancouver.


Weekly Buzz: Property tax hike and housing innovation 

Western Investor 

While The City of Vancouver approves a hike in property taxes (reportedly to help pay for more affordable housing), a new Coal Harbour development made headlines for becoming the most ... Here is Western Investor's pick of the most buzz-worthy commercial real estate stories published this week.


Vancouver housing plan tries to find 'the right supply' of luxury units 

The Globe and Mail 

By the time it completes, Terrace House will be another symbol of extreme wealth in what was, not so long ago, Vancouver's highly affordable downtown peninsula. The Coal Harbour building will only hold 20 homes, and many of them will take up an entire floor. The remarkable building will be the ...




News – December 14, 2017


Home prices set to climb on buyer demand in GTA: forecast 

The Globe and Mail 


Mr. Soper said Canada's buoyant economy, growing housing demand from "peak" millennials who are over the age of 25 today, plus increasing immigration and intra-provincial migration to Vancouver and Toronto are all creating a strong demand for housing in both of Canada's priciest cities.


On Vancouver housing, Bill Morneau cites 'stress tests' that don't seem to have cut prices 


RBC's most recent Housing Affordability Report showed that, in Vancouer, servicing the mortgage for an average-priced condo would take up over 46 per cent of one's income, while in Victoria, it would take up 37 per cent of local incomes. The Canada Mortgage and Housing Corporation (CMHC) ...


Metro Vancouver's housing demand swallows industrial land 


Western Investor 


The developer of an 89-acre historic industrial site in Coquitlam is attempting to jettison warehouses and workspace in favour of 1,000 more condos, though an industrial shortage is driving prices to record highs. Coquitlam's industrial vacancy rate is 1.6 per cent, which is up from a record low of 0.5 per ...



Fixing an Unaffordable City 

The Runner 


Jens von Bergmann, a Vancouver-based data analyst, published an interactive map that tracks the affordability range of residential spaces in Vancouver neighbourhoods. His findings paint a picture of a city in a unique housing market situation. “61,950 households in the City of Vancouver make at least ...



The City of Vancouver trying to ease Marpole residents' concerns over homeless housing project 


The City of Vancouver is trying to calm fears from Marpole residents about potential tenants of a modular housing project for the homeless, which is just steps away from three schools. Director of Homelessness Services Ethel Whitty says the city thoroughly reviews anyone looking for a unit at the site ...


News – December 8, 2017


Vancouver, where an 'affordable' 3-bedroom unit rents for $3333, if you ask the city 

One of those conditions is that the proponent enter a housing agreement, in which all of the units be secured as “for-profit rental housing.” But what's affordable, according to this application? A three-bedroom must rent for no more than an average starting rate of $3,333 per month, and a two-bedroom for ...


Vancouver's push for temporary modular housing facing pushback 

CTV News 

VANCOUVER - Construction has hardly begun at the first of Vancouver's temporary modular housing projects and already pushback is mounting against the city's latest strategy to house its homeless. Vancouver was granted an injunction earlier this week from the Supreme Court of British Columbia to ...


Prices rising faster for condos, townhouses 


According to the Real Estate Board of Greater Vancouver, last month the benchmark price for a single-family home in Ladner was $1,035,000, an increase of just ... The B.C. Real Estate Association housing forecast for 2018 predicts that prices will rise modestly in Metro Vancouver's housing market.


Housing starts at near 10-year high on soaring condo construction 

The Globe and Mail 

CMHC said starts were lower in Vancouver in November mostly because the construction sector is at full capacity, so fewer condo and rental projects are launching in the City of Vancouver, Richmond and on the North Shore. In Burnaby and New Westminster, however, multiple family starts are higher so ...

Hey Vancouver taxpayers, ready for a 3.9 per cent tax hike? 

Vancouver Courier 

“We also know that there are a number of really key issues that have been in the public around housing, the housing crisis, the opioid crisis and just a lot more visibility to that.” Impey also talked about taxpayers' tolerance for tax increases. The city's survey showed the majority of residents and business ...


News – December 7, 2017


What Areas of Canada Have the Highest and Lowest Property Tax Rates? 

Mansion Global 

Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week's question. Where in Canada are the highest and lowest property taxes? Greater Moncton in New Brunswick and Vancouver, British Columbia, have the highest and lowest property taxes, respectively, ...


Property assessments trending upwards in Metro Vancouver for 2018 


VANCOUVER (NEWS1130) – Early numbers show a major hike in the values of condos in BC, especially in Metro Vancouver. Assessments for 2018, which could impact how much property taxes go up, show significant growth. Based on the value of homes as of July 1st, 2017, the BC Assessment ...


Condos a bright spot in recovering Toronto, Vancouver markets 

The Business Times 

[VANCOUVER] The market for condos and attached properties surged in Canada's main real estate markets, Toronto and Vancouver, as buyer interest in expensive detached homes has withered, data showed on Tuesday. Toronto home sales and prices were down in November from a year earlier, ...


How income inequality is reshaping Metro Vancouver

The Globe and Mail 

Vancouver is following a similar pattern, but for different reasons. Unlike Toronto, Vancouver doesn't have the high-paying jobs to drive its economy. Instead, the city relies largely on an inflow of foreign money to fuel its real estate industry. That reliance has put communities at a disadvantage, widening ...


What Was Your Property Worth on July 1? It Matters for 2018 

Canada NewsWire (press release) 

6, 2017 /CNW/ - British Columbia's real estate market has seen continued activity in 2017 with residential and commercial property values showing growth in ... "Assessments for detached single family homes in central parts of Metro Vancouver, for example, will be relatively stable, while other parts of the ...


News – December 5, 2017


Price of Metro Vancouver condos up almost 24% since last year, says real estate board 


According to the Real Estate Board of Greater Vancouver, the average property price in Metro Vancouver last month rose 14 per cent from November 2016, with condominiums and attached properties making the biggest gains. The board says condominiums saw the biggest jump in prices at $648,200.




Housing in Vancouver will get worse before it gets better 


Vancouver Courier 


One idea was to redevelop well-located single-family lots with small low-rise apartment buildings such as those built throughout Vancouver in the 1950s and 1960s. These simple buildings can be very cost-effective. They do not need underground parking, and while some fire code relaxations may be ...




Toronto Housing Market Stumbles As Vancouver Home Sales Soar 


Huffington Post Canada 


Condo towers in Vancouver's West End. The city has seen a bounce-back in its real estate market, led by condos and townhomes, the city's real ... Canada's two priciest housing markets are both showing signs of recovery following the introduction of foreign buyers' taxes in Toronto and Vancouver.




City needs more than all talk and no action or all action and no talk 


Business in Vancouver 


Several recent struggles with this concept are in our midst in Vancouver: the failed effort to develop 105 Keefer Street in Chinatown, the strong backlash at modular housing for the homeless in the Marpole district, even the mammoth housing strategy for Vancouver that was passed last week with ...




BC luxury property buyers turn to Mexico 


Business in Vancouver 


Since Vivo Resorts opened five years ago near the surfing community of Puerto Escondido, it has built and sold out seven condominium towers with a total of 100 units, plus 10 private detached villas. An eighth condo tower is 75% sold. A ninth tower, Marino Residences, pre-sold half its 28 condos in five ...




News – December 4, 2017


Vancouver property prices up 14 per cent year-over-year: real estate board 

CTV News 

Vancouver's real estate board says the average property price in Metro Vancouver last month rose 14 per cent from November 2016, with condominiums and attached properties making the biggest gains. The Real Estate Board of Greater Vancouver says the composite benchmark price for a property ...


Designing Vancouver's Priciest Condo Listing 

North Shore News 

There was also a language and time barrier to contend with, as the owner, a real estate developer who had originally purchased the space with the Beijing real estate market in mind, was very busy and often not in Vancouver. With its out-of-this-world price tag, the buzz this project garnered has helped ...


City planners to review separate entrances for social housing units 

MetroNews Canada 

As Vancouver moves forward on a new housing plan that includes increasing the amount of lower-income units added to condo buildings, the city's ...


Local condo flippers are a sign of tougher pre-sale competition: realtor 


VANCOUVER (NEWS 1130) – If your strategy to get into the local housing market is to jump in on a pre-sale condo, you likely have some tough ...


Flipper attempts nearly 6x profit within a year on Coquitlam property


A recent strategy by real estate speculators active in Metro Vancouver has been to buy single-family zoned properties and then get them rezoned as ...


News – December 1, 2017


CREA wants parents to assist children with home purchase with their RRSPs 

CTV News 


Two of the countries hottest housing markets have been contributing to those gains. In October, the benchmark price of a property in Greater Vancouver hit $1,042,300, up 12.4 per cent from the previous year, according to figures from the Real Estate Board of Greater Vancouver. Meanwhile, in the ...


Horgan says improved housing options his top focus in BC's next budget 

Vancouver Sun 


Horgan said the housing supply and affordability issue no longer just applies to Metro Vancouver as people in communities throughout B.C. have serious issues with finding a place to live. The CMHC report says Kelowna and the Abbotsford-Mission area have rental vacancy rates at 0.2 per cent, while ...


Housing forecast for 2018 predicts tough time for Lower Mainland home buyers 


In Greater Vancouver, an average home is expected to cost $1.08 million in 2018, up 5.5 percent from the anticipated $1.02 million price in 2017. In the Fraser Valley, an average home is forecast to fetch $739,900 in 2018, representing a five percent increase from the expected average price of $705,000 ...


Rentals a key focus of Vancouver's new housing strategy 

Vancouver Sun  

Tenant protection measures in the new strategy, which council adopted Wednesday, were welcomed by housing advocates who say while renters make up slightly more than half of Vancouver households, they had previously been marginalized in conversations about the city's housing crisis.


Vancouver developers fear 'alarming' land prices hinder profit 

Vancouver Courier 


Vancouver developer and architect Michael Geller warns that land has been selling at such high prices that some condo developers — and new condo buyers — fear they won't be able to profit on the final product. “I am seeing land sales now in excess of $500 a [square] foot buildable in the city of ...



News – November 30, 2017


Vancouver plan to build 72000 new homes — and maybe restrict foreign owners — approved 

Vancouver council has approved a plan to build 72,000 new homes in a bid to see the “right supply of housing” built around the city. What's more, the strategy approved on Wednesday night, could possibly restrict property ownership by “non-permanent residents.” The strategy passed at council with only ...


Some Vancouver houses selling for well below assessed value as prices soften 

CTV News 

It's a glimmer of hope for those awaiting any sign of a cooling housing market. Not only is there a negative value in the "detached house" column of a real estate association report, but there are houses selling well below assessed value in the very neighbourhoods where they first start hitting ...


Vancouver Foreign Buyer Ban? City May Limit Housing Market To Local Residents 

Huffington Post Canada 

... Vancouver is considering restricting ownership of housing to local residents, among other strategies, as it looks to cool a hot real estate market that it ...


Bank of Canada: Half of Canadian Real Estate Mortgages Will Renew By Next Year 

Better Dwelling 

Canadian real estate now presents one of the biggest risks to the financial ... households are more heavily concentrated in Toronto and Vancouver.


Pricey Vancouver real estate Brings homebuilders to Squamish 

Squamish Chief 

“The pressure on industrial real estate in Vancouver is tremendous,” said Geoff Baker, co-founder of Westcoast Outbuildings. “Affordability drives space, right? So, the cost per square foot was just so high in Vancouver for anything. And anything we did find had demolition clauses, or three or four-year ...




News – November 28, 2017

Marpole housing complex for homeless to open in February 


Vancouver Courier 

A community meeting must also be held prior to the complex opening and attendees will include the Vancouver school board, B.C. Housing and Community Builders, the non-profit that will manage the complex. Tenants will be chosen in accordance with “affordable/supportive housingtenanting best ...


Dan Fumano: Global money hit Vancouver real estate 'like a ton of bricks,' Robertson says 

Vancouver Sun 

On the eve of a comprehensive, 10-year housing strategy going before Vancouver city council, Gregor Robertson reflected on the impact of offshore money in local real estate over his three terms as mayor of Canada's most-expensive city. “In my travels this year in Sydney (Australia) and New York, my ...


WeWork ups landlord ante; premier on accelerating approval times 

Business in Vancouver 

“Every second downtown Vancouver office building's in negotiation with WeWork,” quipped PCI Group partner Dan Turner at the recent Vancouver Real Estate Strategy and Leasing conference. But he added: “It's testimony to Vancouver that they're coming.” Indeed, for many, WeWork represents not just ...


Mainland developer looks to Nanaimo for 'affordable' building sites 

Times Colonist 

Vancouver development company is making its first investments in Nanaimo, joining other Lower Mainland firms that have been building on the Island as land values and demand rise in B.C.'s housing market. Wertman Development Corp. has bought two Nanaimo sites — one for a downtown condo ...



News – November 27, 2017


Vancouver leads nation with lowest office vacancy rate 

Western Investor 

The October 11 start of the 33-storey Vancouver Centre 2 office tower, backed by the Healthcare of Ontario Pension Plan (HOOPP), the Great-West Life Real Estate Fund and London Life Real Estate Fund, kicked off the latest wave of office development and gave Vancouver a major credibility boost, said ...


Back to square one for Port of Vancouver's Terminal 5 

The Columbian 

Terminal 5 at the Port of Vancouver as seen Monday. ... More than 80 acres of real estate are available inside the loop, but the key will be landing the ...


Married with children and living at home: Lower Mainland's multi-generational households on rise 

Vancouver Sun 

The ability of governments to address real estate values and low vacancy rates is limited, though the City of Vancouver is giving it a try with its Empty Homes Tax, short-term rental regulations and modular housing for homeless people. Changing the forms of housing available in the market is painfully ...


Homeless and millennials fall through cracks of new housing plans, say advocates 

"But the broad strokes, as they exist right now, don't speak to the needs of the chronically homeless." Vancouver's plan calls for 72,000 new units of housing in the next decade, two-thirds of which would be rental. The federal government has pledged $40 billion to build 100,000 new units, repair 300,000 ...



News – November 24, 2017


Vancouver's 10-year housing strategy sees densification of vast swaths of the city 

Vancouver Sun 

Housing Condos and apartment buildings are seen in downtown Vancouver, B.C., on February 2, 2017. Home sales across Metro Vancouverrebounded to near record levels in May but demand is now being driven by condominiums and townhomes, a real estate expert says.That's a shift from booming ...


Housing landscape expected to change as Vancouver outlines new strategy 


With the new Housing Vancouver strategy, we can transform our low-density, single-family neighbourhoods with more duplexes and triplexes, more townhouses and rowhouses, and more low-rise apartments and make sure every neighbourhood across Vancouver is filled with families and kids,” says ...


Vancouver unveils new housing strategy for the next decade 

The new plan calls for 72,000 new units of housing in the next decade, two-thirds of which would be rental. "It's what we feel is needed to correct that bias in the market ... so we remain a diverse city. That's the philosophy ... make sure Vancouver remains a place for all people, all incomes. That's why ...


Metro Vancouver politicians to discuss housing affordability near transit 

Local politicians from across the region will meet on Friday to try to find answers on housing affordability near transit stations. This comes after a regional district study found low-income earners struggle to find affordable housing to match their transportation needs, according to New Westminster mayor ...


Judge orders homebuyer who balked at foreign buyer tax to give up $180000 deposit 

Vancouver Sun 

... to purchase a home in North Vancouver but failed to complete the sale after ... and paid the deposit, which was held in trust by her real estateagent.


News – November 23, 2017


Victoria housing strategy eases supply shortage 

About half of the strategy's 25 proposed actions have been completed. They include waiving application fees for affordable housingdevelopments, simplifying approvals for basement suites and standalone garden suites — similar to Vancouver's laneway houses — and allowing smaller housing units.


City of Vancouver proposes rental-only zones, new rental czar to ease housing crunch 

The City of Vancouver is touting a new list of actions it says will protect renters and improve the rental market. The city is creating a new position, the renters protection manager, whose job will be to inform renters of their rights when a landlord wants to redevelop their property, along with helping them ...


More than 1 in 3 Yaletown condo sales appear to be flips 


More than a third of all condos currently listed for sale in Vancouver's Yaletown neighbourhood appear to be attempts at flipping by speculators. ThinkPol analyzed all 128 of the currently available MLS listings for condominiums in Yaletown and found that 48, or 37%, were bought in the last three years.


New federal housing plan requires big provincial buy-in 

Vancouver Sun 

Trudeau spoke in Toronto and Duclos in Vancouver, thus covering the country's two least-affordable housing markets. But the plan rests heavily on provinces kicking in matching funds, without which federal dollars won't flow. Even then, little will happen until April 2018 and not until 2021 in the case of ...


National housing strategy long overdue for Vancouver: advocates 

CTV News 

The Canadian government launched its long-awaited national housing strategy Wednesday, but Vancouver advocates say the move is long overdue in a city already that is facing record levels of homelessness and an affordability crisis. The 10-year plan includes some bold promises such as committing ...


News – November 22, 2017


City of Vancouver expected to make housing announcement soon after feds 

Vancouver Sun 

The comprehensive housing strategy is expected to touch on everything from permit approvals and real estate speculation, to single-room occupancy ...


Toronto Real Estate Prices Roll Back, BC Now Home To The 3 Most Expensive Markets 

Better Dwelling 

Canadian real estate has divided into two distinct markets, once again. Numbers from the Canadian Real Estate Association (CREA) show that half of markets posted price gains in October, and half showed price declines ... Greater Vancouver takes the top spot with a typical home selling for $1,042,300.


National housing strategy must involve cities: Vancouver mayor 


VANCOUVER (NEWS 1130) – Ottawa must commit to working with cities, as well as provinces, if it wants to tackle affordable housing and homelessness in Canada, according to Vancouver's mayor, as the west coast city tackles skyrocketing real estate prices and homeless rates. “Historically there's ...


Popular solution to the province's housing crisis proposed by union report 

... and federal policies recently implemented to slow the prices of real estate, affordable homes remain out of reach for the majority of Vancouverites.


Liberals look to make housing more affordable for neediest families 

CTV News 

Outside of Vancouver, the cities with the highest rates of core housing need were in Ontario. In Toronto, close to one in five households were financially stretched -- the highest rate of any city in the country. The government hopes that building 80,000 new affordable rental units, along with billions more in ...


News – November 21, 2017


Toronto Tops UBS Global Real Estate Bubble Index, Vancouver Comes In Fourth 

Better Dwelling 

Swiss-based mega bank UBS, updated its Global Real Estate Bubble Index. The index, looks for cities that experience price climbs that disconnect from fundamentals. Topping the list this year is Toronto, and in fourth place is Vancouver. Let's take a look at the bubble factors they're observing.


Can the government save the middle-class wannabe homeowner in Toronto and Vancouver

The Globe and Mail 

With a new federal housing strategy coming imminently, let's catch up on what the recent ups and downs in Canada's most expensive real estate ...


What the BC government should do about the housing crisis 

Vancouver Courier 

As to how Ottawa and B.C. might get involved with addressing the housing crisis in Metro Vancouver, “there were more questions than answers.”.


Holborn & TA Global receives 7 prestigious Americas Property Awards 

GlobeNewswire (press release) 

The respected Vancouver-based real estate development company has extensive global experience and a reputation for high quality, innovative ...


Modular housing would benefit downtown Vancouver, says Business Improvement Association 

The president of the downtown Vancouver Business Improvement Association says that modular housing in the city's downtown core would help ...


News – November 20, 2017


Affordable housing providers look at public-private partnerships to solve BC housing crisis 

Partnerships between non-profit housing providers, developers and municipalities were the focus of an affordable housing conference that kicked off in Vancouver on Sunday. The 25th annual Housing Central conference, which takes place in Richmond until Nov. 21, welcomed more than 1,200 ...


Portable supplement, focus on supply to be part of new housing strategy 

CTV News 

Outside of Vancouver, the cities with the highest rates of core housing need were in Ontario. In Toronto, close to one in five households was financially ...


Future of northeast False Creek on display at city event 

Vancouver Sun 

Gone are the viaducts and empty paved areas, replaced by a waterfront district, new parks, development including social housing, child care and ...


Tie new affordable housing money to outcomes, former watchdog tells Liberals 

National Post 

A homeless woman sleeps at a tent city at Oppenheimer Park in the Downtown Eastside of Vancouver Wednesday October 15, 2014. In an analysis published Monday, former parliamentary budget officer Kevin Page says the federal government doesn't tie homelessness and housingfunding to any ...


Worried your presale condo might be cancelled? Research the developer first 

The Globe and Mail 

... done to protect Mr. Paris and others like him who become the victims of a cancelled condo complex, Vancouver real estate lawyer Richard Bell said.



News – November 17, 2017

BC real estate watchdog bans controversial practice of 'dual agency,' despite industry objections 


Vancouver Sun 

Micheal Noseworthy, Superintendent of Real Estate, head of the Office of the Superintendent of Real Estate, in Vancouver, Thursday, September 28, ...


It takes 29 years to save for a down payment in Vancouver, and prices just keep climbing 

Towers of offices and condos continue to rise across the Vancouver, B.C. ... Will middle class be squeezed out of Metro Vancouver housing market?


18 per cent of Vancouverites living in substandard housing

Vancouver Courier 

According to the 2016 census, Vancouver has a core housing need rate of 17.6 per cent. The city comes in second amongst the country's major metropolitan areas to Toronto, which has a rate of 19.1 per cent. The national average is 12.7 and the provincial average is 14.9. Nunavut has the highest rate ...


Vancouver condo rush sparks local and foreign flipping frenzy 


VANCOUVER, Nov 16 (Reuters) - The condominium market has turned red-hot in Vancouver, with agents saying local and offshore buyers are ...


Are Toronto and Vancouver headed for a housing boom? 

Yahoo News 

For a brief period after the Foreign Homebuyers Tax was levied August 2016 in Vancouver, the real estate market did cool. But a slow creep has been evident in the region. A similar pattern is visible in Toronto, too, which enacted foreign buyer taxes April 2017. “The Ontario government's Fair Housing ...


News – November 15, 2017

Vancouver market has 'regained lost ground' after foreign-buyer tax last year: Teranet 


Business in Vancouver 

Teranet's figures differ from those published by the Real Estate Board of Greater Vancouver and the British Columbia Real Estate Association, ...


Vancouver Development Wins Global Award for Excellence 

Markets Insider 

The winners were selected by an international jury made up of ULI members from various real estate development disciplines. The ULI Awards for ...


Toronto, Vancouver house prices set for rise: CIBC report 

According to the Toronto Real Estate Board, 7,118 homes were sold in the area in October, up 12 per cent from September, but still down down 27 per ...


Land values and condo prices constrain purpose-built rental units, say developers 

Vancouver Sun 

Cynthia Jagger, of HQ Commercial, speaks at a real estate conference hosted by Queen's University in Vancouver on Tuesday. Nick Procaylo / PNG.


Vancouver rentals 44th most expensive in world: report 

Vancouver Sun 

Rents for one-bedroom apartments in the Vancouver area are the priciest in Canada, but they're not anywhere close to the most expensive in the ...



News – November 14, 2017

Toronto, Vancouver housing markets to boom despite new rules to ease froth: CIBC 


The Globe and Mail 

The housing markets in Toronto and Vancouver are poised for major long-term price growth as booming demand and inadequate supply overwhelm ...


Home sales down in Metro Vancouver, but up in BC 

Vancouver Sun 

A real estate sold sign is shown outside a house in Vancouver, Tuesday, ... Home sales in Metro Vancouver were down in October compared to the ... B.C., an increase of 19.3 per cent from last year, despite a housing supply crunch.


Developer to revise controversial project proposal in Vancouver's Chinatown 

The Globe and Mail 

Developer to revise controversial project proposal in Vancouver's ... Vancouver's planning director says he believes the developer trying to build a ... the city has no power to compel the developer to provide a certain kind of housing.


Home sales in BC rise in October despite higher prices, less choice 

Times Colonist 

A real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan.3, 2017. British Columbia's housing market continues to power forward ...


Real estate is bigger in BC's economy than oil is in Alberta's, but here's the thing 

Real estate, rental and leasing take up a share of B.C.'s economy that is so large, ... and has eroded affordability in Vancouver to the worst level it's ever been. But should British Columbians be worried that real estate forms such a ...


News – November 10, 2017

Experts see some relief for Vancouver's tight housing market by late 2018 

VANCOUVER _ A real estate association watching Metro Vancouver's tight and costly housing market predicts conditions should begin to ease by the ...


The Least Affordable City in North America Is Not in the US 

Money Magazine 

The International Housing Affordability Survey, a new study conducted by real estate website Point2Homes, says that Vancouver is the least affordable ...


Vancouver tells owners to fill out empty-home tax forms or face fines 

It would add up to C$36,000 a year on a C$3.6 million detached home, the typical price on Vancouver's west side, according to the Real Estate Board ...


Annual rate of homes entering construction jumped in October, CMHC reports 

Toronto Star 

In Vancouver, the annual pace of housing starts nearly doubled to 34,850 compared with 18,116 in September. Multi-unit starts soared to 30,384 ...


Tent city site, DTES location eyed for Vancouver's next modular housing

MetroNews Canada 

The province has committed to funding 600 units of temporary modular housing in Vancouver, and 2,000 units across B.C. over the next three years.


If people can't afford to work in Vancouver, what happens to the city? 

It's an issue that many have pinned on the city's high cost of housing. ... LISTEN: What will happen to Vancouver if no one can afford to work there?


News – November 8, 2017

Vancouver warns owners of empty homes to fill out new declaration forms, or face stiff fines 



Financial Post 


It would add up to $36,000 a year on a $3.6-million detached home, the typical price on Vancouver's west side, according to the Real Estate Board of ...


Canada Housing Starts Rise in October on Condo Demand -- Update 


Fox Business 


... were driven by strength in Vancouver, British Columbia, as seasonally adjusted monthly starts hit a one-year high on demand for condominiums.


5 charts showing Metro Vancouver's affordability has become worse despite the foreign buyers tax 


New real estate data shows that when it comes to affordability, Metro Vancouver's housing market hasn't substantially improved since a regional 15 ...


North Vancouver's Maplewood neighbourhood plan passes first vote 



North Shore News 


District of North Vancouver council has given its first tentative thumbs-up to a ... At full build-out, Maplewood's plan would mean 1,500 new condos and ...


Experts see some relief for Vancouver's tight housing market by late 2018 


Times Colonist 


VANCOUVER — A real estate association watching Metro Vancouver's tight and costly housing market predicts conditions should begin to ease by the ...





News – November 7, 2017

Vancouver housing market could see some relief by late 2018: Real Estate Association 


VANCOUVER - A real estate association watching Metro Vancouver's tight and costly housing market predicts conditions should begin to ease by the ...


Vancouver warns homeowners to fill in forms on empty homes tax or risk fine 

CTV News 

Vancouver warns homeowners to fill in forms on empty homes tax or risk fine ... Toronto, Vancouver home sales above average in October, real estate ...


Political meddling stalls development as housing starts decline 

Business in Vancouver 

... that knocked Vancouver out of the top spot in the new Emerging Trends in Real Estate report PwC prepares each year for the Urban Land Institute.


Vancouver Had Over 366000 Residential Mortgages During Census 2016 

Better Dwelling 

Vancouver's residential mortgage pool continues to grow. The new release from Statistics Canada show that the Vancouver Census Metropolitian ...




News – November 6, 2017




Uh oh… The Vancouver Real Estate Price Roller Coaster Just Accelerated Again 


Better Dwelling 


Numbers from the Real Estate Board of Greater Vancouver (REBGV) show that prices have once again printed a new all-time high. This is the seventh ...




Report calls Vancouver most unaffordable real estate market in North America 


Vancouver Sun 


A new study of the 50 most populous cities in North America has found that Vancouver has the most unaffordable housing market. DARRYL DYCK / ...




Surrey beats Vancouver in list of Top 10 cities in BC to invest in real estate 


In the 2014 report, Vancouver placed ninth in the list. Founded by analyst Don Campbell, REIN is a Langley-based real-estate research, education, ...




Vancouver housing market likely to cool, prices won't decrease just yet: realtor 




VANCOUVER (NEWS 1130) – You may not be able to afford a home with the rate housing prices are increasing right now, but they're likely to stop ...




Above-average sales numbers observed in Vancouver, Toronto last month 


Mortgage Broker News 


In Toronto, home sales rebounded by 12% from September to October with 7,118 homes sold, according to the Toronto Real Estate Board.




News – November 3, 2017




Vancouver, Toronto home sales above average in October, say real estate boards 




real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan.3, 2017. The British Columbia Real Estate Association says a lack of ...




Apartment sales driving Lower Mainland housing market 


Surrey Now-Leader 


Vancouver and the Fraser Valley both experienced above-average home sales last month, according to local real estate board figures, as buyers try to ...




Foreign buyers find loophole in Vancouver real estate


Mortgage Broker News 


Foreign buyers find loophole in Vancouver real estate Foreign buyers are back in Vancouver's residential real estate market, accepting the foreign ...




Housing prices expected to cool next year: report 


Business in Vancouver 


Vancouver's housing market has reached unaffordability levels not seen ... The changes may erode confidence in the market and real estate values ...




Foreign buyers not swayed by 15-per-cent housing tax, data show 


The Globe and Mail 


The proportion of foreign buyers in the Vancouver region is at its highest level since the province's 15-per-cent tax on these purchasers came into ...




News – November 2, 2017


Homes sales in October set new record for Metro Vancouver real estate 

The REBGV covers Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, Pitt Meadows, Maple Ridge, South ...


Toronto, Vancouver home sales above average in October: real estate boards 

CTV News 

VANCOUVER -- Canada's two hottest housing markets experienced above-average home sales last month, according to local real estate board ...


Foreign buyers not swayed by 15-per-cent housing tax, data show 

The Globe and Mail 

Condos in the Gilmore area of Burnaby are seen in the distance behind ... The proportion of foreign buyers in the Vancouver region is at its highest ...


Vancouver's housing is now more expensive than Manhattan, San Fransisco: study 

Daily Hive 

In yet another shocking Vancouver real estate revelation, a new study has found that housing in Vancouver is more expensive than Manhattan, New ...


$36M property sets new real estate record for North Vancouver

CTV News 

"This North Vancouver estate provides an opportunity to own the most significant, private parcel of land in one of the most robust real estate markets in ...




News – November 1, 2017


Britain's Grosvenor to build condo tower in Vancouver

Business in Vancouver 


British developer Grosvenor, famous for pioneer projects during its six decades in Metro Vancouver, is building its first Vancouver condominium tower.



Foreign buyers inch back into Vancouver housing market 


Foreign buyers have started inching back into the Vancouver housing market, more than a year after the province of British Columbia imposed a ...



BC real-estate sales to foreign nationals still concentrated in Metro Vancouver despite extra tax there 


The provincial government has released a long-awaited update on real-estate data related to sales to foreign nationals. Last September, an even five ...



District of North Vancouver moves towards “locals first” policy for condo pre-sales 

North Shore News 


When it comes to the selling of new condo and townhouse units built in the District of North Vancouver, council would like to see local buyers at the ...



This is how many of Toronto's families are living in condos — and it's just the beginning 


Crook's blog, “5 Kids 1 Condo,” details his life living in a 1,023 square-foot condo in Vancouver with his partner and five children. Families in ...




News – October 31, 2017


Metro Vancouver condo and townhome prices slated to climb over the next 2 years: CMHC 


With continued demand for apartments and townhomes in Metro Vancouver's resale market, prices are forecast to march upwards over the next two ...


Mortgage Professionals Canada discusses negative impact of new rules on canadian housing ... 

Canada NewsWire (press release) 

Members discussed issues of housing affordability, availability and ... in the Greater Toronto Area and to a lesser extent the Greater Vancouver Area.


Vancouver now more unaffordable than Manhattan 

MetroNews Canada 

Vancouver now more unaffordable than Manhattan ... Vancouver now exceeds Manhattan when it comes to unaffordable housing, according to an ...


City set to vote on controversial Kerrisdale church development 

Vancouver Sun 

Despite vocal opposition from the neighbourhood, a housing expert who supports densification in Vancouver's pricey West Side neighbourhoods said ...


Vancouver preparing additional cold-weather shelter beds 

Vancouver preparing additional cold-weather shelter beds ... "We have the 600 modular housing units, the temporary modular housing that we'll be ...


News – October 30, 2017


China's 'Golden Week' props up luxury property demand 

National Observer 

In cutthroat real estate markets like Vancouver's, Chinese “Golden Week" in early October is auspicious. Chinese families often celebrate the week ...


Foreign investors flock to Montreal thanks to downtown construction boom 

Montreal trails Toronto and Vancouver in condominium developments ... However, Fischler said there is a concern that too many condos are being ...


Chinatown's 105 Keefer development application goes before city staff Monday 

Vancouver Sun 

A group of protestors gathered outside of Vancouver's City Hall to show their ... had suggested 25 units of social housing and 106 market condos would be ... The latest person to chime in on the 105 Keefer project is Vancouver East ...


Douglas Todd: Surging temporary foreign resident numbers tighten Vancouver's rental squeeze 

Vancouver Sun 

Since temporary residents are much more likely to choose rental housing ... At the same time that the rental crisis has widened in Metro Vancouver, ...


Vancouver's notorious Downtown Eastside changes with development 

Humboldt Journal 

Vancouver's notorious Downtown Eastside changes with development ... Real estate agent Adam Scalena said he has noticed an abrupt shift in the ...


News – October 27, 2017


In Metro Vancouver, 43 per cent of renters are living in homes they can't afford: Census 

Therefore, more than 43 per cent of residents in the Vancouver CMA were living in housing that can't necessarily be considered affordable.


Twin towers planned in the West End up for review by Vancouver urban design advisers 

Twin towers planned in the West End up for review by Vancouver urban design ... to be turned over to the City of Vancouver for use as social housing.


North Vancouver's Maplewood redevelopment plan nears vote 

North Shore News 

In that same time period, the plan calls for another 1,500 units of housing, although district intends for much of the housing to be occupied primarily by ...


BC government moves to protect renters by closing fixed-term 'loophole' 

Vancouver Sun 

The party was subsequently punished by voters in Metro Vancouver over issues like its slow response to housing affordability. “There are a number of ...


South Vancouver residents protest housing units for homeless 

The Globe and Mail 

Vancouver Mayor Gregor Robertson is fielding complaints about a proposed housing site for homeless people in the city's Marpole neighbourhood.


News – October 26, 2017


Vancouver housing market remains 'highly vulnerable': CMHC 

CTV News 

CMHC says Vancouver's housing market remained highly vulnerable, with evidence of moderate overheating and price acceleration, and strong ...


1.9 million Canadian households live in condos, census data shows 

In Vancouver, for example, more than 30 per cent of the population lives in condos, the highest percentage in Canada by far. Condosare home to 21.8 ...


BC, Ontario mull pre-construction condo sales registry amid CRA crackdown 

Vancouver Sun 

The agency says real estate deals in the hot housing markets in the Toronto and Vancouver areas have been the subject of greater scrutiny


Vancouver, industrial construction king; Surrey, transit pauper 

Business in Vancouver 

Bifurcation of Vancouver's non-residential real estate market is evident in new statistics from CBRE Ltd., which highlight the shares specific regions of ...


Vancouver building modular housing project along Cambie corridor 

Vancouver Sun 

The new homes, announced Thursday morning by the City of Vancouver, B.C. government and the Vancouver Affordable HousingAgency, are part of ...


News – October 24, 2017


Vancouver's west side tops 'most expensive neighbourhood' list to live in Canada 


VANCOUVER (NEWS 1130) – It should come as no surprise that Vancouver tops real estate lists for most expensive in Canada. In fact, Metro ...


These Are Canada's Priciest Neighbourhoods, According To Century 21 

Huffington Post Canada 

Houses in Horseshoe Bay, West Vancouver, B.C. West Vancouver ranks as the third priciest place for residential real estate in Canada, according to a ...


Housing starts stumble in Metro Vancouver

Business in Vancouver 

In contrast, urban-area housing starts outside the Vancouver CMA are rising. Starts spiked higher in Victoria, which was the main driver of the ...


Development cost charges could triple in parts of Metro Vancouver under new proposal 

Surrey Now-Leader 

Metro Vancouver real estate developers might be a bit more cautious if a proposed hike to development cost charges goes through this Friday.


Vancouver commercial real estate investment outpaces Toronto 

Western Investor 

Commercial real estate investment in Metro Vancouver – population 2.4 million – have surpassed that of Greater Toronto – population 6.4 million – for ...



News – October 25, 2017



North Van developer says the industry needs to do more to help with the housing crisis 

With Metro Vancouver's housing crunch in full swing, developers have been a popular target for anger over the cost of housing. One North Vancouver ...



Census 2016: Toronto housing affordability now worse than Vancouver


The Globe and Mail 


A realtor's sign is placed on the front yard of a home on Beachdale Ave. that has been sold and was photographed in Toronto's east end on May 17, ...


Fumano: Vancouver, already inhospitable to independent businesses, bucks national trend by ... 


Vancouver Sun 


And at the same time, real property tax growth in Metro Vancouver has closely tracked a rise in municipal spending and dramatically outpaced ...


Vancouver home to Canada's top two priciest neighbourhoods 


urbanYVR (blog) 


Vancouver West Side, and Vancouver Downtown are Canada's top two ... with many recent presale condominium projects in downtown Vancouver ...



City of Vancouver to host public hearing on short-term rental sites 

CTV News 


Members of the public are invited to Vancouver City Hall Tuesday evening to discuss how the city should regulate short-term rentals such as those ...



News – October 24, 2017


Vancouver's west side tops 'most expensive neighbourhood' list to live in Canada 


VANCOUVER (NEWS 1130) – It should come as no surprise that Vancouver tops real estate lists for most expensive in Canada. In fact, Metro ...


These Are Canada's Priciest Neighbourhoods, According To Century 21 

Huffington Post Canada 

Houses in Horseshoe Bay, West Vancouver, B.C. West Vancouver ranks as the third priciest place for residential real estate in Canada, according to a ...


Housing starts stumble in Metro Vancouver

Business in Vancouver 

In contrast, urban-area housing starts outside the Vancouver CMA are rising. Starts spiked higher in Victoria, which was the main driver of the ...


Development cost charges could triple in parts of Metro Vancouver under new proposal 

Surrey Now-Leader 

Metro Vancouver real estate developers might be a bit more cautious if a proposed hike to development cost charges goes through this Friday.


Vancouver commercial real estate investment outpaces Toronto 

Western Investor 

Commercial real estate investment in Metro Vancouver – population 2.4 million – have surpassed that of Greater Toronto – population 6.4 million – for ...


News – October 23, 2017


Kelowna, Surrey among 2018's best real estate investment destinations 

Western Investor 

The largest city – 127,800 residents – between Metro Vancouver and Calgary, Kelowna is the dominant trading centre for the Okanagan Valley, B.C.'s ...


City of Vancouver donates $25 million in land to build 358 affordable homes 

Vancouver Sun 

Mayor Gregor Robertson said in a statement he was excited to open Vancouver's first land-trust units of affordable housing. “Land trusts are an ...


Prominent Real Estate Firm Intracorp, Operating in Both Canada and the US, Will Going Forward ... 

GlobeNewswire (press release) 

VANCOUVER, British Columbia, Oct. 23, 2017 (GLOBE NEWSWIRE) -- Intracorp today unveiled that its North American offices, currently located in ...


News – October 20, 2017


West Vancouver to vote on saving Ambleside's Rush House 

North Shore News 

West Vancouver council will soon vote on whether to provide permanent protection to one of ... This is the right size and type of housing,” said Coun.


Canada's Largest Cities See Big Spikes In Rental Rates 

Huffington Post Canada 

Already the priciest market in the country for apartment rentals, Vancouver saw the largest spike in prices of any city covered in the Padmapper survey, ...


Grosvenor Pacific takes cautious approach with downtown Vancouver condo 

The Globe and Mail 

Grosvenor has been building in and around Vancouver for 60-plus years, ... The privately owned company's most prestigious real estate asset is the ...


Government announces $50000 threshold for passive income 

Business in Vancouver 

Money earned from investments like stock, bonds and rental real estate in a ... In September, Faculty Brewing Co., a Vancouver based brewery, told ...

News – October 19, 2017


Vancouver's bid to house Amazon's second headquarters given green light 

“But the outer reach aspect of Vancouver is that it's not very open in terms of an affordable housing market. If you think of other young tech hubs in the ...


10 most expensive cities to own a home around the world 


Prepare yourself with excessive property prices that continue to increase and ... Vancouver ranks high as one of the cities with skyrocketing real estate ...


10-storey social housing and medical office proposed for Downtown Eastside 

urbanYVR (blog) 

A revised proposal for a 10-storey social housing building at 58 West ... with Vancouver Coastal Health and Vancouver Affordable Housing Agency ...


News – October 18, 2017




Vancouver city council gives green light to 'locals-first' pre-sale housing policy 


A controversial motion that would give Metro Vancouver residents first crack at new pre-sale condos passed at city hall on Tuesday, following much ...




Slower sales cap wobbly September for Vancouver real estate


Vancouver Courier 


A slower week in the real estate marked wrapped up a volatile September for Vancouver home sales, in which total Greater Vancouver sales were not ...




Vancouver Chinatown advisory committee rejects new development application for 105 Keefer Street 


The committee that advises the City of Vancouver about Chinatown ... Lee said that there was a general agreement that market housing "wasn't quite ...




District of North Vancouver to consider 9 new homes on forested lot 


North Shore News 


Staff at the District of North Vancouver will soon have to decide whether to subdivide a rare, estate-sized ... What's lacking is affordable, family housing.




Out-of-town homebuyers have driven Vancouver prices up 5-10%: UBC study 


Business in Vancouver 


Purchases of homes across Greater Vancouver by those from outside the ... it is much more expensive for them to pay for housing going forward.”.



News – October 18, 2017




Vancouver city council gives green light to 'locals-first' pre-sale housing policy 


A controversial motion that would give Metro Vancouver residents first crack at new pre-sale condos passed at city hall on Tuesday, following much ...




Slower sales cap wobbly September for Vancouver real estate


Vancouver Courier 


A slower week in the real estate marked wrapped up a volatile September for Vancouver home sales, in which total Greater Vancouver sales were not ...




Vancouver Chinatown advisory committee rejects new development application for 105 Keefer Street 


The committee that advises the City of Vancouver about Chinatown ... Lee said that there was a general agreement that market housing "wasn't quite ...




District of North Vancouver to consider 9 new homes on forested lot 


North Shore News 


Staff at the District of North Vancouver will soon have to decide whether to subdivide a rare, estate-sized ... What's lacking is affordable, family housing.




Out-of-town homebuyers have driven Vancouver prices up 5-10%: UBC study 


Business in Vancouver 


Purchases of homes across Greater Vancouver by those from outside the ... it is much more expensive for them to pay for housing going forward.”.


News – October 17, 2017


One-bedroom rents in Vancouver rise to $2120 


Vancouver Courier 


The median rental price for a one-bedroom apartment in Vancouver has gone up by five per cent in the last month, according to the latest report by ...


Can Vancouver build its way to affordability? 




“While housing prices in Vancouver, as in my home city of Seattle, have been going through the roof, cities around the world have been keeping ...


BC government says housing affordability plan coming “soon” 


Recent reports from the Vancouver Sun's Sam Cooper lay out how foreign or illegally earned money is being laundered in Metro Vancouver casinos ...


Vancouver's economy set to cool considerably over the next two years 


Canada NewsWire (press release) 


Rising interest rates, the relative absence of foreign purchasers, and a slowing economy will all slightly temper Vancouver's housing demand



RBC CEO backs new measures to help cool housing markets 


The Globe and Mail 


Dave McKay believes further dampening of the explosive growth in housing prices across the Toronto and Vancouver markets "is in all our interests," ...


Daily Poll: Would you leave Vancouver due to the rising cost of housing


Vancouver Sun 


The median asking price for a one-bedroom apartment in Vancouver has increased to $2,120, according to the latest PadMapper Canadian rent report ...





News – October 16, 2017


Vancouver council to debate putting locals ahead of foreign buyers in lines for real-estate pre-sales 

Tomorrow (October 17) the mayor will formally ask Vancouver city council to asks staff to figure out how to put “local” first when it comes to real-estate ...


Vancouver's housing crisis key issue for newly-elected city councillor 

Hector Bremner looks forward to helping ease people's concerns around Vancouver's housing market. “Now with four votes on the council, I think it's ...


One-bedroom rents in Vancouver rise to $2120 

Vancouver Courier 

The median rental price for a one-bedroom apartment in Vancouver has gone up by five per cent in the last month, according to the latest report by ...


The investor behind The Big Short says Canada is 'ripe' for a severe housing correction 

Financial Post 

Canada's housing market is “ripe for a pretty severe correction” with ... Vancouver's million-dollar home prices aren't just straining buyers, they're ...


Vision Vancouver says it heard people 'loud and clear' on housing, but some are skeptical 

Mayor Gregor Robertson said Vision Vancouver has heard people's concerns about housing “loud and clear” after its candidate came in fifth in the ...



News – October 13, 2017


Canada housing market rebound seen in mid-2018 as sales rise for second month in a row 

Financial Post 

“Further tightening of federal regulations aimed at cooling housing markets in Toronto and Vancouver risks creating collateral damage in markets ...


Price of Metro Vancouver condos surge, detached homes drop: survey 

Vancouver Sun 

Metro Vancouver condo prices surged in the third quarter says a new real estate price survey released Thursday. Royal Lepage's survey found the ...


Vancouver official says city's presale condo plan addresses lack of public trust 

The Globe and Mail 

A senior official in the office of Mayor Gregor Robertson has privately acknowledged Vancouver's plan to give locals a first crack at buying presale ...


Greater Vancouver home sales down 17% year-to-date in September: BCREA 

Business in Vancouver 

Greater Vancouver home sales down 17% year-to-date in September: ... to British Columbia Real Estate Association data released October 12.


Is Canada's housing market too hot? 

“For the first time since 2011, we are seeing real estate in all five of our ... Market corrections were triggered in Vancouver first, and some 10 months ...


News – October 12, 2017


Metro Vancouver condo prices continue to skyrocket 


“I think the condos have been attractive because, relatively speaking, they are the last touchpoint of affordability in Greater Vancouver. Prior to this last ...


Average cost of a condo in Metro Vancouver is now $622392 

Daily Hive 

Greater Vancouver's real estate market is being propped up by its condo sales, as the average price of detached homes drops, according to Royal ...


Is increasing supply worsening Metro Vancouver housing affordability? 

Business in Vancouver 

Supply is said to be the solution to affordable housing in Metro Vancouver, ... In the Brentwood area where the most new condos are being built, the ...


Canada's big housing markets in 'Goldilocks moment': Royal LePage 

He added that, for now, the housing markets in Toronto and Vancouver have "returned to earth." The two cities led the housing market with big price ...


Investors speculate with new Vancouver office tower 

Western Investor 

Vancouver Centre II will rise 33-storeys at the corner of Seymour Street and ... GWL Realty Advisors is developing the tower on behalf of the project ...

News – October 11, 2017


British Columbia eyes 'all options' to cool Vancouver housing market, finance minister says 

Toronto Star 

British Columbia eyes 'all options' to cool Vancouver housing market, ... Vancouver is ranked among global cities most at risk of a housing bubble for ... to cash out and new investors to buy in without paying property-transfer taxes. ... 'Puzzling' Toronto real estate market could frustrate push for price fix, ...


Development industry criticizes mayor's pre-sales initiative 

Vancouver Courier 

“In Vancouver's red-hot housing market, local employers are crunched to retain talent, whether they're doctors, tech workers, retailers, firefighters, ...


BC home resales to drop 8% next year: RBC forecast 

Business in Vancouver 

Canada's housing market is in a cooling phase, according to RBC's ... toll on already-strained housing affordability in markets such as Vancouver and ...


Building passive towers a tall order for developer 

Business in Vancouver 

If rezoning is successful, Landa Global Properties and Asia Standard ... condo towers in Metro Vancouver and is an active developer in Shanghai.


News – October 10, 2017


Vancouver Real Estate Inventory Rises To A 23 Month High 

Better Dwelling 


Vancouver real estate prices continued to rise in September. Numbers from the Real Estate Board of Greater Vancouver (REBGV) show prices are still ...


BC labour income remains strong in 2017 

Business in Vancouver 


... mining/oil and gas in the goods sector, and transportation and warehousing, real estate and leasing, and accommodations/food services in services.


Mayor says he wants a plan that puts Vancouver residents at the front of the line for real-estate sales


Vancouver Mayor Gregor Robertson has called for a luxury tax and a tax on empty homes, among other measures, as means of helping begin to bring ...


Douglas Todd: Vancouver's ethnic Chinese irked by inequality, tax avoidance 

Vancouver Sun

Yan's study echoes two reports by veteran real-estate researcher Richard Wozny and UBC geographer Dan Hiebert, which show that residents of core ...



News – October 6, 2017

City of Vancouver unveils $28M housing project, calls for gov. assistance 

City of Vancouver unveils $28M housing project, calls for gov. assistance ... The City of Vancouveris unveiling an affordable homes project located ...


Mayor Robertson makes move to give locals first crack at condo pre-sales 

Vancouver Sun 

New motion from Mayor Gregor Robertson prioritizes housing for people who live, work in Vancouver by giving local residents first shot at buying ...


Huge increases in housing construction fee for Metro Vancouver sewer services coming down the ... 

“While these DCC's represent only a very small portion of the cost of new housing, these rates are a significant increase over the existing rates,” ...


$1.9m vs $4.5m: East-west divide in Vancouver's detached home listings 

Vancouver Courier 

Even though the median sale price of a Vancouver detached house ... A $5.9 million Yaletown waterfront condo with nearly 2,200 square feet of living ...


Vancouver council candidates square off in housing and homelessness forum 

People vying for a spot on Vancouver city council will be making their pitch to voters at a forum Thursday evening. NPA candidate Hector Bremner, ...


News – October 5, 2017

Vancouver developer hikes fee for re-assigning a pre-sale condo in effort to dampen speculation 


Vancouver Sun 


Condo sales and prices are on fire. And now, developers of a prominent condo project in Vancouver's West End, which won't be completed until 2019, ...



Vancouver's detached homes edge toward buyer's market as condos favour sellers | CFJC Today 

CFJC Today Kamloops 


VANCOUVER — Condo and townhouse sales in Vancouver are firmly in a seller's market, while the market for detached homes is edging toward a ...



Province OKs rent-to-own program that helps 'avoid' foreign buyers' tax 



The Vancouver Rent to Own program from Apex Western Homes offers ... That evaluation left Vancouver real estate lawyer Richard Bell scratching his ...


GTA sees 35 per cent drop in home sales from year ago 


CTV News 


The Toronto Real Estate Board says sales of all major types of residential property were down but the biggest decline was a 40.4 per cent drop in


Toronto house-price slump ends with September rise 

The Globe and Mail 


The Real Estate Board of Greater Vancouver reported on Tuesday that the benchmark price for condos was up 22 per cent in September compared ...




News – October 4, 2017

Vancouver condos favours sellers, detached homes edge towards buyers 

CTV News 


VANCOUVER -- Condo and townhouse sales in Vancouver are firmly in a seller's market, while the market for detached homes is edging toward a ...

Brisk condo sales fuel Greater Vancouver housing market 

The Globe and Mail 

Brisk condo sales are driving Greater Vancouver's real estate market while the pace of price gains has slowed to a crawl in the once-mighty segment ...


Fall real estate market activity ramps up in Vancouver

Vancouver Courier 

There were stronger sales across all residential housing types in Vancouver the week of September 11 to 17. Photograph By Dan Toulgoet.


West Vancouver lacks housing options: Vital Signs report 

North Shore News 

More than half of those surveyed, however, said they were pessimistic they would be able to find the right housing in West Vancouver, either due to ...


Rental stock fundamental to Metro's affordable-housing supply 

Business in Vancouver 

Vancouver didn't make the list: for its global rankings, Century 21 chose West Vancouver, which ranked sixth for apartment prices at $1,173 per square ...



News – October 3, 2017

Fall real estate market activity ramps up in Vancouver


Vancouver Courier 

Real estate sales activity in Vancouver jumped in the week September 11-17, following a slower start to the month, as the fall market ramped up and ...


Brisk condo sales fuel Greater Vancouver housing market 

The Globe and Mail 

Brisk condo sales are driving Greater Vancouver's real estate market while the pace of price gains has slowed to a crawl in the once-mighty segment ...


Vancouver tech sector needs boost to reach critical mass 

Real Estate News EXchange 

He said labour eats up about 93 per cent of a Vancouver tech firm's budget, while real estate takes up the remainder. “Vancouver is a great value play ...


RioCan selling up to $2 billion in real estate in smaller markets to focus on Canada's big six cities 

Financial Post 

Ross Moore, a vice-president of real estate company Cresa in Vancouver, said he expects the market to be able to handle the $2 billion in activity and ...


Watch Toronto real estate heat up and cool down over the past year 

Better Dwelling 

Toronto real estate went from booming to excess in just a few short months over the past year. I'm preparing some notes for next week's CMHC panel ...


News – October 2, 2017

Mansion Tax: first aid for a dying city 

24 Hours Vancouver 


This week's question: Should Vancouver have a Mansion Tax? ... But each new luxury condo tower only fuels the virtually limitless demand for homes ...



Passive highrises planned for Vancouver's West End 

Vancouver Sun 


Vancouver has been called the City of Glass for the tall, thin, glass condos that dominate the downtown landscape. But a new proposed project at ...



How Port Moody could have been bigger than Vancouver 


Today, Port Moody is a growing Metro Vancouver suburb, home to a ... After CP left, the city faced a financial crisis as real estate values plummeted.



Too many bedrooms: Single-family zoning contributes to housing shortage, UBC expert says 

Vancouver Sun 


29 in Vancouver, looked at how single-family zoning contributes to Metro ... But the director of the UBC Centre for Urban Economics and Real Estate ...


News – September 29, 2017


Owning a home now costs 87 percent of middle-class incomes in Metro Vancouver 

The association also noted that housing prices in Vancouver as well as Victoria “continued to skyrocket, which had a negative impact on home ...


Canada's housing affordability at worst level in decades 


VANCOUVER (NEWS 1130) – Housing affordability in this country has hit its worst level in almost 30 years, and Vancouver continues to be the most ...


Toronto and Vancouver among global cities at greatest risk of housing bubble: UBS 

Toronto has topped the list of major global cities most at risk of a housing bubble with Vancouver ranking fourth, according to a new report by UBS ...


Richmond, Downtown Eastside have similar levels of low-income, working-aged people: study 

One is a Vancouver suburb with rapid transit, pricey housing and condos for expensive cars. The other has poverty levels so high that it's been cited, ...


Latest figures show the number homeless people in metro Vancouver is growing 

Radio Canada International 

Metro Vancouver's homeless count, which takes a one-night snapshot of ... Port Moody Mayor Mike Clay is chair of the Metro Vancouver Housing ...


News – September 28, 2017


Housing expert questions Vancouver council candidate's mansion tax 

A proposal by a Vancouver city council candidate to introduce a so-called mansion tax wouldn't pour as much revenue back into affordable housing as ...


Sales of Vancouver Luxury Homes Decline As a Result of Foreign Buyer Tax 

Mansion Global 

Government cooling measures to temper Vancouver's blazing real estate market appear to be working. Sales of C$1 million-plus (US$802,900-plus) ...


Vancouver among world's most expensive real estate market: survey 

WATCH: Some experts are saying the theory that the Metro Vancouver real estate bubble is going to burst doesn't stand up to the facts. Lynn Colliar ...


Solving BC's housing crisis will take courage, big moves 

National Observer 

Metro Vancouver is facing a housing crisis on every level – house prices are ridiculously high, the rental market is expensive and scarce, and the ...


GTA and Vancouver see more luxury condo sales 

REMI Network - Real Estate Management Industry Network 

Analysts also speculate that buyers are turning to condos in greater numbers due to trepidation over detached housing prices or because they are ...


BC government promises to work with municipalities to reduce homelessness 

Vancouver Courier 

Housing Minister Selina Robinson, who is also responsible for municipal ... of B.C. Municipalities conference at the Vancouver Convention Centre.



News – September 27, 2017


Sales of $1 million-plus condos up 85 per cent in the GTA and 11 per cent in Vancouver

Markets Insider 


Sales of $1 million-plus single-family detached homes declined 32 per cent in Vancouver year-over-year to start 2017. The foreign buyer tax ...


Commuting may cost more than avoiding a million-dollar Vancouver home: expert 



The City of Vancouver is working on a 10-year strategy on housing affordability. Tuesday, the city's Housing Leadership Team will be talking about ...



Vancouver city officials, developers discuss housing affordability 

Vancouver Sun 


Vancouver grew its housing stock last year by 10,000 units, which Kelley said outstripped population growth, but “it's a lack of what we call the right ...


Vancouver home prices pale in comparison with Hong Kong 


Business in Vancouver 

Vancouver ranks as the sixth most expensive place among cities studied to buy a condo, according to the study, which pins the cost of a Vancouver ...



Homeless count finds housing affordability crisis driving numbers up 


Housing costs and a lack of income are driving up the numbers of Lower Mainland ... Metro Vancouver's homeless counts take a one night snapshot of ...




News – September 26, 2017


Median listing price for Vancouver homes reaches staggering $3 million 


Vancouver Courier 


The median listing price of a detached house in the city of Vancouver is now a staggering $3 million, as of September 21, an analysis of Multiple ...


Experts take on BC's housing-affordability crisis at annual UBCM 


Vancouver Sun 


It's not often that data about Metro Vancouver's much-debated housing ... in the property transfer tax on pricey homes, Vancouver's empty-homes tax ...


Multifamily market thrives in Vancouver


REMI Network - Real Estate Management Industry Network 


Overall investment in the Canadian commercial real estate sector is buoyed by a relatively healthy economy and a commercial property market that ...


Real estate experts gaze in Kelowna's 'Crystal Ball' of future development 



According to multiple experts, Kelowna's real estate development market is ... In Greater Vancouver alone, baby boomers, 55+ are sitting on tax free ...


Maple Ridge least extreme in rocketing real estate: study 


Surrey Now-Leader

He says that informal buyer surveys show that more than half the units in Vancouver condos near urban centres and transit are being bought by ...




News – September 25, 2017


Byelection candidate wants $174-million 'mansion tax' to fund housing for poor 

Vancouver Sun 

VANCOUVER, Jean Swanson and supporters rally at Chip Wilson's $75 million property to call for a Mansion Tax. Swanson presented a new notice of ...


How Much Did Toronto Real Estate Inventory *Really* Jump? 

Better Dwelling 

Numbers obtained from the Canadian Real Estate Association (CREA) show a massive build of inventory relative to last year. Crunching the numbers ...


1000 planned rental units convert to condos in wake of Ontario rent-control expansion 

The Globe and Mail 

The government's policy change reduced "growth prospects for rental" and contributed to a decision by RioCan Real Estate Investment Trust and ...


Opinion: Should we consider expropriation for 105 Keefer? 

Vancouver Sun 

In 1912, and for much of Vancouver's history, Chinatown and Chinese ... voted to reject the rezoning of 105 Keefer for 13 stories of luxury condos.


Amazon HQ: Where could you put a 100-acre tech campus in Metro Vancouver

The Province 

With Vancouver's leaders vying to become the home of a new Amazon headquarters, it raises the question of where in Metro could the world's largest ...


News – September 22, 2017


BC budget: Tax hike for wealthy, more money for education, housing, overdose crisis 

Vancouver Sun 


Interest rates are expected to rise, and B.C.'s economy is based heavily right now on the real estatesector, including lucrative property transfer tax ...



Rising prices push out long-time Vancouver residents 

The Globe and Mail 


In her case, her landlord can't afford soaring property taxes. .... least dampen the pretty powerful force at work in the real estate market here, which we ...



No, Montreal Real Estate Is Not The Next Vancouver or Toronto. Here's Why 

Better Dwelling 


Montreal real estate isn't hot, and it's not being driven by foreign buyers fleeing Toronto and Vancouver. There's significant media coverage on how ...



Pre-sale condo buyers at cancelled Langara West project contest developer's offer 

Vancouver Sun 


It is the latest in a Vancouver real estate saga with a bit of everything: a property developer in southern China, a mysteriously felled tree, City Hall ...



News – September 21, 2017




Interactive map shows income required to buy Vancouver houses 


CTV News 


While she said the motion is a step in the right direction, the candidate with OneCity Vancouver said she wants to fund more social housing with a ...




City of Vancouver owns 12 vacant homes 


In the midst of a housing crisis the City of Vancouver currently has 12 vacant homes in its possession. In response to a freedom of information request, ...




BC condos designed for storing luxury cars stoke controversy 


The Globe and Mail 


"There's a growing community of people in Vancouver who are passionate ... A local housingactivist said his first thought was that the project was a ...




Housing minister: Vancouver's modular housing pitch 'at front of list' 


Vancouver Courier 


Vancouver is home to a 40-unit modular housing building at Main and Terminal, where tenants are a mix of previously homeless and low-income ...



News – September 20, 2017


Fraser Valley apartment sales break monthly record 


Business in Vancouver 

“Compared to Vancouver, it is quite affordable,” he said. ... Sahota said Vancouver's real estateboom has directly fuelled the Fraser Valley's rise.


Vancouver seeks better housing data 

MetroNews Canada 

Tracking housing currently in progress will help Vancouver keep track of ... a certain number of rental, below-market rental, or social housing units.


Montreal luxury real estate market heating up, but Toronto and Vancouver will warm again soon ... 

Montreal luxury real estate market heating up, but Toronto and Vancouver will warm ... CMHC looking for new ways to track foreign money in housing.


Developers densify industrial; Seattle debates foreign-buyer tax 

Business in Vancouver 

Densification of industrial land use regularly surfaces in Vancouver only to be ... of other hikers began chatting about how Seattle is the new Vancouver. ... Durkan argues that the housing crunch will increase as Seattle continues to ...


Vancouver city council debating density motions this week 

After a summer break, Vancouver city council will be debating a wide variety of motions this week all centred around the city's housing supply.


Dan Fumano: 'How to eat an elephant,' with BC's new housing minister 

Vancouver Sun 

Selina Robinson says there's only one way to eat an elephant. But first, some quick background: While much of B.C. — especially Metro Vancouver ...


News – September 18, 2017


Vancouver home sales stay strong in usually quiet week 


Vancouver Courier 


The median number of days on market for Vancouver townhomes (including duplexes, row homes, etc) and condos both declined again, to 43 and 23 ...


Amid high housing prices, growing number of Metro Vancouver residents living in RVs 


WATCH: Skyrocketing rent and zero vacancies mean more and more people are turning to living on four wheels. Aaron McArthur looks at the impacts ...


News – September 15, 2017


Where candidates for Vancouver city council stand on affordable housing 

With the byelection just a month away to elect one person to Vancouver's city council, candidates are making sure voters know where they stand on ...


No change in housing market from July to August: BC Real Estate Association 

A sold sign is pictured outside a home in Vancouver, B.C., Tuesday, June, 28, 2016. The Real Estate Board of Greater Vancouver says home sales in ...


Foreign Buying Drops Dramatically In Toronto After New Housing Rules 

Huffington Post Canada 

mfron via Getty Images Vancouver's housing market has experienced a rebound since sales dropped last summer, in the wake of a foreign buyers' tax.


Douglas Todd: Tax avoidance behind Metro's disconnect between housing, income 

Vancouver Sun 

After census figures this week revealed alarming gaps between housing costs and average incomes in Metro Vancouver, a veteran real-estate analyst ...


Is Vancouver in a retail real estate crisis? 


VANCOUVER (NEWS 1130) – Have you noticed more stores with “For Lease” signs hanging from the door when you go shopping in Vancouver?



News – September 14, 2017


Vancouver Detached Real Estate Is Seeing Price Growth Plummet 



Better Dwelling 


Numbers from the Real Estate Board of Greater Vancouver (REBGV) show that prices increased, but growth has been tapering very quickly. Generally ...


No change in housing market from July to August: BC Real Estate Association 


A sold sign is pictured outside a home in Vancouver, B.C., Tuesday, June, 28, 2016. The Real Estate Board of Greater Vancouver says home sales in ...

Vancouver's push for density presents opportunities for small-time investors 




The Globe and Mail 


Vancouver's push for more housing could be a potentially big profit maker for small-time .... So if Vancouver real estate keeps going up, we do well.


UDI wants regional plan for less single-family zoning 



Business in Vancouver 


Metro Vancouver municipalities' failure to convert single-family zoned ... when the region was recovering from a short slow-down in real estate, there ...


Radical disconnect as average Metro Vancouver earner reaps $72000 a year and pays $1.4 ... 



Vancouver Sun 


Yan says B.C.'s real estate industry is building "too many Ferraris, and not ... For the City of Vancouver, the average home cost just over $1.4 million ...




News – September 13, 2017

Vancouver suburbs see steady supply of new homes 


Vancouver builders kept up a brisk pace in August as housing starts stayed above historical averages last month, according to the latest report from ...


New report suggests to get ready for several "years" of housing retrenchment nationally with ... 

Financial Post 

“Greater Toronto is likely to maintain moderate house price growth, while the more policy-restricted market in Vancouver will lead to prices holding ...


Vancouver's rental vacancy rate is near zero. Here are 7 ideas to help lift it 

The overall vacancy rate in the Vancouver area was 0.7 per cent in the Canada ... In their election platform, the BC NDP proposed a tax on real estate ...


BC budget update: NDP sidelines two key housing pledges 

Vancouver Courier 

The NDP government's budget update did not mention the party's election promise of a $400-a-year renters' rebate. Photograph By Dan Toulgoet.


News – September 12, 2017

BC budget: Tax hike for wealthy, more money for education, housing, overdose crisis 

Vancouver Sun 

There was also no new money to accelerate transit upgrades in Metro Vancouver, for a promised $400 renter's rebate, to create an empty home ...


NPA's Hector Bremner calls for more supply, more varied housing in Vancouver

MetroNews Canada 

Bremner believes speculation is a real force in the Vancouver real estate market, but he thinks building more of a variety of housing is the way to fix ...


5 Reasons Canada's Housing Market Won't Crash as the Market in the US Did 10 Years Ago 

The Motley Fool Canada 

5 Reasons Canada's Housing Market Won't Crash as the Market in the U.S. Did 10 ... the past 12 months, and Vancouver prices having been inflated for several ... In the U.S., before the housing crisis, the sub-prime mortgage market ...


Mortgage assistance program alive and unwell 

Business in Vancouver 

Two controversial housing policies from the former BC Liberal government have ... the 15% property transfer tax applied to foreign buyers in Metro Vancouver. ... the BC Liberals committed $920 million to various housing initiatives.


Housing for homeless among social commitments from NDP 

Vancouver Courier 


Vancouver's first modular housing complex, which was largely built in a factory and assembled on the property, opened in February at Main and ...



News – September 13, 2017

Vancouver suburbs see steady supply of new homes 


Vancouver builders kept up a brisk pace in August as housing starts stayed above historical averages last month, according to the latest report from ...

New report suggests to get ready for several "years" of housing retrenchment nationally with ... 

Financial Post 

“Greater Toronto is likely to maintain moderate house price growth, while the more policy-restricted market in Vancouver will lead to prices holding ...

Vancouver's rental vacancy rate is near zero. Here are 7 ideas to help lift it 

The overall vacancy rate in the Vancouver area was 0.7 per cent in the Canada ... In their election platform, the BC NDP proposed a tax on real estate ...

BC budget update: NDP sidelines two key housing pledges 

Vancouver Courier 

The NDP government's budget update did not mention the party's election promise of a $400-a-year renters' rebate. Photograph By Dan Toulgoet.


News – September 12, 2017

Westbank plans 39-storey Bing Thom tower for 1600-block Alberni

1668 1684 alberni street westbank bing thom architects 8

Westbank has submitted a formal application to the city for a 39-storey, luxury condominium tower at 1668-1684 Alberni Street.

The new tower, designed by Bing Thom Architects, will replace two existing concrete mid-rise condo buildings.

The design of the tower features a strong weave pattern, something which the architect says “celebrates simplicity and rhythm.” The weave stretches out onto the six-storey podium, and also acts as a sunshade.

1668-1684 Alberni Street project facts

  • 94 condominium units
    • 13 one-bedroom
    • 25 two-bedroom
    • 55 three-bedroom
    • one four-bedroom
  • four levels of underground parking with 180 stalls
  • 120 bicycle parking spaces
  • podium with sloped, green roof
  • tower height of 385 ft.
  • indoor-outdoor children’s play area
  • amenity spa

The architect says the balconies will be large enough to accommodate outdoor furniture and planters, and aerofoil louvers will enhance privacy.

A reflecting pond will stretch across the front of the building on Alberni Street, with the lobby entrance accessed via pedestrian bridge.

The lobby will feature a grand piano, and an amenity spa will be located on the lobby level, featuring private massage rooms and change rooms.

The tower is situated on the property to mitigate any shadowing on Marina Square Park on West Georgia Street between the Bayshore towers.

The development is located next to a proposed 42-storey rental apartment tower by Hollyburn Properties. It’s also across the street from a former Chevron service station, purchased by Anthem Properties earlier this year for $72 million.

(source from


News – September 11, 2017

Super-hot August for Vancouver home sales 

Vancouver Courier 

Vancouver's real estate sales activity in August 2017 was stronger than expected. The number of condo listings cannot keep up with demand.


Housing affordability lessons from Vancouver for the City of Sydney 

The Sydney Morning Herald 

Housing affordability lessons from Vancouver for the City of Sydney .... and London a generation of global capital influx to skew their real estate prices.


BC rules banning real-estate 'double-ending' could hurt buyers, realtors say 

The Globe and Mail 

Ontario is also considering tougher consumer-protection rules for real estate agents, including limits on dual agency. Vancouver real estate agent ...


'I don't want to go through that again': Toronto, Vancouver rent bidding wars leave tenants battle ... 

The 33-year-old product manager isn't a newbie in Toronto's real estate market. Born and raised in the city, he's been renting various condo units ...


Victoria council approves application to renovate hotel into apartment building 

CTV Vancouver Island 


More rental housing is on the way in Victoria after city council unanimously approved a rezoning application for a James Bay hotel. The Harbour ...



News – September 8, 2017

Race for vacant Vancouver city-council seat hinges on housing 

The Globe and Mail 

The race for Vancouver's empty city-council seat is now full on, with ... where rising rents and real estate prices have caused major public anxiety.


'We have to be careful': RBC's CEO warns it's time to take stock of housing rules 


'We have to be careful': RBC's CEO warns it's time to take stock of housing rules ... “It's hard to predict how these new [housing] policy moves are going to ... lending standards and taxes on foreign buyers in Vancouver and Toronto.


While Toronto's housing market melts down, Montreal's sizzles 

Financial Post 

While Toronto's housing market melts down, Montreal's sizzles ... In Greater Vancouver, home sales surged 22.3 per cent while the composite ...


Mortgage qualification squeeze getting tighter 

Salmon Arm Observer 

Efforts to control rising housing prices in Vancouver and Toronto are having an adverse effect on the Okanagan housing market, according to two local ...


Montreal home purchases by buyers from China took off in past 18 months; agent 

Vancouver Sun 

"I'm not too sure the fact there are these taxes in Vancouver and Toronto ... The Housing Market Insight report noted that buyers from China were a ...


News – September 7, 2017

Declining school enrolments in Vancouver, Richmond linked to housing affordability crisis 

Vancouver Sun 

Vancouver's enrolment figures shrank slightly by 0.4 per cent — not as large as one might expect given the city's housing affordability crisis and lack of ...


Vancouver real estate developer faces lawsuits, extradition to US 

Vancouver Sun 

Mark John Chandler claimed “to be one of the biggest real estate developers in Canada” when he reached out to a New York money lender in 2011, ...

New Vancouver mortgages took a 'significant' hit after foreign buyers tax, data show 

A scenic view of Vancouver's False Creek real estate as seen from the Fairview Slopes neighbourhood, Vancouver, B.C. on Tuesday, August 15, 2017 ...

BC realtors to be banned from dual agency as part of rule changes 

Vancouver Sun 


B.C. real estate agents will be generally banned from acting as dual agents for both buyers and sellers under tough new rules drafted by the Office of ...



News – September 6, 2017

Condo shortage looming in Vancouver

Business in Vancouver 

Despite a white-hot presale market that has driven new condo inventory to record lows, mandatory registration of new Vancouver condominiums have ...


Vancouver's median condo price nears $1 million; detached homes $3 million 

Vancouver Courier 

The $34.8 million home in Vancouver's ultra-exclusive First Shaughnessy area is currently the most expensive listing in Metro Vancouver. Photograph ...


Canada had 1 city where people were worth over $1M last year. There are 4 now 

Just a year ago, Vancouver was lonely at the top. ... Average real estate holdings in Vancouver appreciated in value by 21.8 per cent to $932,056, ...


News – September 5, 2017



Condos, townhomes push Metro Vancouver real estate sales above August average 


Vancouver Sun 


In the latest figures from the Real Estate Board of Greater Vancouver, August sales numbers were pushed above average levels, due to a sustained ...


Vancouver home sales surge 22.3% in August 




A sold sign is seen outside a home in North Vancouver, B.C. Thursday, Oct. 27, 2016. The Real Estate Board of Greater Vancouver says home sales ...


Vancouver's median condo price nears $1 million; detached homes $3 million 


Vancouver Courier 


This seven-bedroom mansion in Vancouver's tony First Shaughnessy sold for $14.5 million after 18 days on the market. - Julie Wei, Luxmore Realty.


'Millionaire Cities' Abound In Canada As Household Wealth Hits Record High 


Huffington Post Canada 


In large cities with rapid real estate price growth, such as Toronto and Vancouver, about three-quarters of the gain in wealth came from rising house ...


Victoria home prices drop for first time in two years


CTV Vancouver Island 


The benchmark price for townhomes and condos both went up in price in August, likely driver by a rush in interest from buyers hoping to get something ...



News – September 1, 2017

Sales down but prices up: latest forecast from BC Real Estate Association 


The B.C. Real Estate Association is out with its Third Quarter Housing Forecast update, and it's predicting a 10% decline in the number of sales this ...



BCREA forecasts 11% drop in Vancouver housing unit sales this year 


Business in Vancouver 


BCREA forecasts 11% drop in Vancouver housing unit sales this year ... “Home prices in 10 of the 11 real estateboard areas are forecast to rise at a ...


Want an investment with a 10% return or a $600K salary? Surprise, property in Vancouverstill your ... 


Financial Post 


The cost of a typical home fell no more than 4 per cent before resuming its climb, according to figures from the Real Estate Board of Greater Vancouver ...


Commercial property assessment hikes could hurt small Lower Mainland retailers 

Vancouver Sun 


B.C. Assessment Authority statistics show that for 2017 in Metro Vancouver, ... whether speculators have similarly targeted commercial real estate.



Tax Land to House Vancouver's Fleeing Middle Class 


The speculative real estate madness seen on corridors like Cambie Street isn't creating affordable housing for anyone in Vancouver. Photo Chris ... 

Here's how Millennials could be driving up BC condo prices 



BC condo prices are expected to see continued price gains this year and into ... Currently, condo prices in many of Vancouver's surrounding suburban ...


News – August 31, 2017


What's pushing Vancouver home prices higher now? 




Home prices in Vancouver continue their ascent a year after the BC ... any city across the nation, according to the Canadian Real Estate Association.


Canada's most expensive house on sale for $35M and not even $5M extra tax expected to deter ... 


Financial Post 


The late real estate developer Robert Campeau's home hit the market ... “I think when they put in the tax, the decision was let's not buy Vancouver, let's ...


Weaver pushes ban for farmland sales to foreigners 


Victoria News 


... implemented a 15 per cent tax on foreign buyers purchasing residential real estate in Metro Vancouver, but the levy does not apply to farmland.



This chart shows how out of control Toronto's housing market really was 




... Canadian Real Estate Association (CREA)'s Composite Home Price Index. Over the same one-month period, Greater Vancouver prices increased 2 ...


News – August 30, 2017

Canada's Fast Growing Economy Faces Risk From Toronto And Vancouver Real Estate Markets 

HiBusiness (blog) 

The Organization for Economic Co-operation and Development (OECD) have raised concerns over the rate at which Canada's economy is growing, ...


Housing minister eyes possible cut to annual rent increases 

Vancouver Sun 

The average rent for a one-bedroom apartment in Vancouver is $1,950 a month, which means the maximum rental increase is $78 this year.


Vancouver architect says the wealthy are cashing in on property tax deferment 

Vancouver architect and real estate consultant Michael Geller argues the program amounts to a low interest loan, and that for many seniors facing ...


LOOK: The Most Expensive Houses For Sale In Canada Right Now 

Huffington Post Canada 

Greater Vancouver remains Canada's priciest housing market and you can see that reputation upheld in its ultra-luxury segment. There were more ...


Victoria building developers cater to upper-end renters, buyers 


Does Victoria need more "Vancouver-esque" vanity housing projects? ... apartment in Victoria (August 2017 Padmapper, Canadian Rent Report).




News – August 29, 2017

New mortgage rules could depress housing demand by another 10%: TD 

Vancouver Sun 

Demand for housing could be cut anywhere from five to 10 per cent ... The economists said soft landings can happen and maintain Vancouver is the ...


Vancouver Real Estate Sees The Largest Drop of New Listings In Canada 

Better Dwelling 

Vancouver real estate is seeing the largest drop in new listings in the country. Numbers from the Canadian Real Estate Association (CREA) show the ...


Housing a key concern for COPE nomination candidates for council in October 14 by-election 

Affordable housing is expected to be a major campaign issue in the October 14 by-election for a vacant seat in Vancouver city council.


UBC says Vancouver rental crunch driving up waitlists for student housing 

“Finding affordable and proximal housing to UBC here in the Point Grey area, arguably some of the most expensive real estate in the county… there's ...


New organization ramps up green building standards 

Business in Vancouver 

For Vancouver, green building construction and technology are part of its goal of becoming the world's greenest city by 2020. The green economy is ...


News – August 28, 2017


Investors embrace North Vancouver's Marine Drive 

Business in Vancouver 

The phenomenon doesn't surprise Matt Thomas, a vice-president with Avison Young in Vancouver. Prices for commercial properties in the corridor ...


Toronto Real Estate Is Seeing A Massive Flood of Inventory 

Better Dwelling 

Toronto real estate has been cooling down, but it's hard to tell how much without some context. Numbers from the Canadian Real Estate Association ...


Mayoral candidates clash over Seattle real estate speculation tax 


Since British Columbia began taxing foreign buyers and empty investment properties in Vancouver's hot housing market last year, Seattle leaders ...


News – August 25, 2017

'Painful no matter what happens': economists worried by BC's financial reliance on real estate 

That is why Somerville is concerned that during the most recent provincial election campaign the B.C. NDP promised to cool the hot housing market.


Greens push to end 'speculative' sales of farmland to foreign buyers in BC 

... to cool the province's real estate market. Housing prices in Metro Vancouver dipped temporarily after the previous Liberal government implemented ...


The Toronto housing bubble: calm or carnage? 


Housing prices in urban centers (primarily Toronto and Vancouver) have ... And the current real estate bubbles in Toronto, Vancouver, and other ...


Weekly Buzz: Building permit delays and market contrasts 

Western Investor (subscription) 

Western Canada's top commercial real estate stories, featuring developers' ... The building permit process at the City of Vancouver is affecting both ...




News – August 24, 2017

'Painful no matter what happens': economists worried by BC's financial reliance on real estate 

Economic experts are raising concerns over the province's financial reliance on B.C.'s booming real estate market and the new government's promise ...

Opinion: Vancouver Specials offering many lessons on housing

Vancouver Sun 

Vancouver artist Ken Lum created a replica of a Vancouver Special in a vacant lot on Union Street at Vancouverin February 2015. The art installation ...

Tofino nixes 27-acre housing project despite housing crunch 

Despite a demand for affordable housing, the Vancouver Island resort district of Tofino has stopped a major housing development from moving ...

Tight real estate supply discouraging upward market movement 

Business in Vancouver 

A comparison of the Seattle and Vancouver real estate markets from Seattle's Sightline Institute has drawn attention in various circles this summer.




News – August 23, 2017

$26M Surrey vineyard estate set to break Fraser Valley record 

CTV News 

A luxury property in Surrey is set to break a Fraser Valley real estate record if it sells for ... In-depth coverage: CTV Vancouver's real estate microsite.

Mortgage rule changes are cooling housing market: Morneau 

The Globe and Mail 

real estate sign that reads "For Sale" stands in front of house in Vaughan, ... over rapidly rising home prices, particularly in Vancouver and Toronto.

BC ends 2016-17 fiscal year with $2.7B surplus 

CTV News 

... the end of 2016, James said, adding she couldn't say whether the NDP would expand it to other hot real estatemarkets, including Vancouver Island.

BC school districts in hiring crunch, face teachers shortage 

Vancouver Sun 

About 171 full-time jobs still need to be filled by September in Vancouver, Surrey, Abbotsford, Osoyoos, Fort St. John, Prince George and other districts ...

Surrounded by condo construction, aging home on Cambie corridor listed at $11M 

CTV News 

Documents posted by Sutton Group-Mattu Realty suggest a pre-application with the City of Vancouver estimated a building area of 22,599 square feet ...





News – Aug 22nd, 2017

Fewer, smaller mortgages seen in Vancouver after cooling measures enacted 


The Globe and Mail 


Vancouver home buyers took out smaller and fewer mortgages after the ... effort to throw a damper on soaring real-estate prices in the Toronto area.


$28 million price-tag for 'Villa di Fonti' estate in Surrey raises eyebrows 


Vancouver Sun 


If a buyer comes even near the Surrey estate's asking price of $28 million, the sale will shatter records for single-family real estate in the Fraser Valley.


3-bedroom Cambie Street home on the market for $11 million 


The Cambie Street corridor has become home to some of the hottest real estate in Metro Vancouver. With the Canada Line rumbling underfoot, ...


Canadians May Be Spending Too Much Of Their Income On Housing 


Huffington Post Canada 


The costs include mortgage payments, utilities, and property taxes. ... It's no surprise Vancouver topped the charts at 79.7 per cent, based on home ...



News – Aug 21th, 2017

Amid rush to densify, house on Vancouver's Cambie Street listed for $11M 

Sky-high real estate prices are nothing new in Vancouver, but a new listing on the Cambie corridor is raising some eyebrows. A single family home, ...

Amazon's ambitions big boost to Vancouver's burgeoning tech sector 

Vancouver Sun 

Amazon's ambitions big boost to Vancouver's burgeoning tech sector ... Tejani acknowledged that the issue of high housing costs has emerged as a ...

Rob Shaw: NDP fast on announcements, sloppy on details 

Vancouver Sun 

... NDP corners that the government is moving too slowly on big-ticket items, like campaign finance reform and Metro Vancouver housing affordability.


News – Aug 18th, 2017

$11-million ask: Cambie land assemblies send prices soaring, and the trend is spreading 

Vancouver Sun 

It sits lonely on a corner, and has been an “orphan lot” as condos have gone up ... “The main thing right now is that the City of Vancouver is looking at ...

Pricey real estate fuels Chevron's decision to sell 5 more Vancouver locations 

The lure of cashing in on pricey real estate has fuelled Chevron's latest decision to sell another five of its gas stations in Vancouver. On Thursday, a ...

Douglas Todd: The ethics of high prices — should Vancouver homeowners take the money? 

Vancouver Sun 

He hates that real estate has ridiculously inflated in Metro Vancouver. He is appalled that there is no longer any real correlation between the city's ...


Adults-only condo in Vancouver sells quickly, under asking 

The Globe and Mail 

The Action: The agent held one private showing for eight groups, as well as two open houses over a weekend. He received one offer without any ...


News – Aug 17th, 2017

As condo prices surge, young Canadians struggle to buy their first homes 


The Globe and Mail 


The average price of Greater Vancouver condos sold in July reached a record $664,944, up 15.9 per cent from a year earlier. In the Greater Toronto ...

Understanding Your Real Estate Buyer Representation Agreement 


Huffington Post Canada 

A BRA is a legally binding contract that puts in writing that you will work exclusively with one real-estate brokerage for a certain amount of time.

Toronto And Vancouver Housing Is Going To Get Even Pricier 


Huffington Post Canada 


Housing in Toronto and Vancouver is very expensive, and it is going to get worse. The respective provincial governments took action to combat the ...


Mayoral candidate in Kamloops says he'll freeze property taxes 


Vancouver Sun 


Mayoral candidate in Kamloops says he'll freeze property taxes ... for a 400-square-foot studio space in Vancouver you can buy a house here. ... what Kamloops has to offer, bringing in both real estate agents and tourism workers.



News – Aug 16th, 2017

Average price of Canadian home sold in July inched down 0.3% to $478696 in past year 

It it happens, it means the unwinding in Toronto's housing market will follow a remarkably similar path the one that Vancouver took a year ago, when ...

Canada's Average House Price Drops As Toronto's Slump Spreads 

Huffington Post Canada 

The decline reflects fewer sales in the Toronto and Vancouver regions, ... The city's real estate board credits a shortage of new home supply, and a ...

Toronto And Vancouver Housing Is Going To Get Even Pricier 

Huffington Post Canada 

Fifteen years of real estate research experience. ... Housing in Toronto and Vancouver is very expensive, and it is going to get worse. The respective ...

Metro Vancouver's Kingsway headquarters on the sales block 

Business in Vancouver 

“We think the market is going to be strong,” said Randy Wenger, division manager, properties, with Metro Vancouver. “We think it will be relatively ...


News – Aug 14th, 2017

Fred Lee's Social Network: Adding Sparkle for healthy housing, toasting historic hotel milestones 

The Province 

Recently, the family has been adding real estate properties to their portfolio. The purchase of the iconic Hotel Georgia is the firm's biggest acquisition ...

Developer's reputation drives interest in The Parker 

Vancouver Sun 

Savvy buyers of new apartments in Metro Vancouver tend to do their research on who's building them. Good reputations take years to develop and the ...

Increase in new home prices reaches 7-year high in Metro Vancouver 

Vancouver real estate market unfazed by foreign buyers' tax one year later ... Vancouver and Toronto real estate markets still unaffordable for many ...


News – Aug 11th, 2017

Vancouver housing on fire with biggest price gains since 1990 

Vancouver Sun 

Vancouver housing on fire with biggest price gains since 1990 ... through July, according to data released this month by Vancouver's real estate board.

New 105 Keefer proposal pitches a shorter building with no social housing 

The developer behind a controversial condo proposal on Keefer Street in Vancouver's historic Chinatown has submitted a new development ...

Okanagan family living in bush due to lack of affordable housing 

An Okanagan family says they've been forced to live in tents and a trailer in the bush because they can't find affordable housing. “It's very demeaning,” ...


News – Aug 10th, 2017

BC home construction picks up, driven by buildings, condos, CMHC says 


Vancouver Sun 


Last month, the Canadian Real Estate Association reported that national home sales figures in June posted their largest monthly drop in seven years.

Airbnb draining rental housing supply in Canada's three biggest cities: study 


CTV News 


Property owners who use Airbnb on a commercial scale are draining the already limited rental housing supply in Vancouver and other major ...


City of Vancouver admits towers get taller to secure affordable housing 


Vancouver's Chief Planner is defending the increasing height and density of the city's towers as a necessary measure to address the rental housing ...


Investors cool on Canadian banks, turn to insurers, amid housing fears 


Financial Post 


... to help slow once red-hot housing markets in Toronto and Vancouver will weaken loan growth. ... Rate hikes could also slow the housingmarket.



News – Aug 10th, 2017

White Spot on West Georgia to be redeveloped into condo towers

The days of Triple-O burgers on West Georgia Street in Coal Harbour are numbered. Shato Holdings Ltd. showed off preliminary designs at an open house earlier this week for a redevelopment of the existing White Spot restaurant at 1616 West Georgia Street. The proposal is for two condominium towers — 33-storeys and 39-storeys — with a total of 350 units. 274 of those units will be two bedroom or larger. Three-level townhomes will front onto Alberni Street, where the lobbies for both buildings will also be located. There will be 389 parking stalls on four levels of underground parking. The developer is targeting a LEED Gold certification for the project.

One bedroom units in the development will be approximately 502 sq ft., with two bedroom units between 855-1342 sq ft. The penthouse units will have their own private rooftop terraces. The two narrow towers will be clad in a combination of curtain and window wall in a charcoal grey, as well as light-coloured stone. Architects are IBI Group and PWL Partnership. The developer and architects hope the project will “define the urban edge of the neighbourhood and contribute to a high quality public realm.”


(Rendering of White Spot/Shato proposal on West Georgia in Coal Harbour. Credit: Shato Holdings Ltd.)

Coal Harbour and the surrounding area has seen a flurry of luxury condominium proposals recently, including:

The additional height and density for these projects is allowed under the new West End Community Plan.


(View from Pender Street. Credit: Shato Holdings Ltd.)

Shato Holdings Ltd. was founded by B.C. businessman Peter Toigo of White Spot fame. The company most recently completed The Spot on Cambie condominium project, also on the site of a former White Spot restaurant at West 13th and Cambie Street.




161616 West Georgia tower drawings. Credit: Shato Holdings Ltd


Tower lobby. Credit: Shato Holdings Ltd.



Townhouses and lobby on Alberni Street. Credit: Shato Holdings Ltd.


 Georgia Street frontage. Credit: Shato Holdings Ltd.

(Source from


News – Aug 10th, 2017

Grosvenor launches marketing for “The Pacific” condo tower

grosvenor pacific01

Developer Grosvenor Pacific has begun marketing for their upcoming condominium tower at Hornby and Pacific. The Pacific by Grosvenor will be a 39-storey, 375 foot residential tower with 212 market residential units including townhomes. Architects are ACDF Architecture and IBI Group. The tower will be clad in high-quality, unique materials including brushed stainless steel, white stone and perforated Cor-ten steel that will develop a “rust” patina as it ages. 

grosvenor pacific02

Rendering of Grosvenor Pacific Vancouver tower at Pacific and Hornby.

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Rendering of Grosvenor Pacific Vancouver tower at Pacific and Hornby.

The Pacific by Grosvenor details:

  • one, two, three and four bedroom homes
  • custom Italian kitchen and bathroom cabinetry by Snaidero
  • Floor-to-ceiling windows and outdoor living areas designed for entertaining

The development also includes the restoration of the Leslie House, a heritage home on the site that was built in 1888. It’s one of the oldest surviving examples of a ‘cottage’ Queen Anne Victorian house in Vancouver, and was formerly home to Il Giardino restaurant.

(Source from


News – Aug 10th, 2017

Bing Thom's 56-storey pipe-organ tower to be considered by Vancouver City Council


One of the last architectural designs influenced by the late famed Vancouver architect Bing Thom, who suddenly died last fall, could be considered by Vancouver City Council as soon as tonight following a public hearing.

First Baptist Church at the northwest corner of Nelson Street and Burrard Street in downtown Vancouver has partnered with local developer Westbank and Bing Thom’s namesake architectural firm to develop its parking lot. In its place would be a 57-storey tower with 331 market residential units and a seven-storey podium building with 61 units of social housing co-owned by the church. A formal rezoning application for the site at 969 Burrard Street and 1019-1045 Nelson Street was submitted to the municipal government last year.

The tower will have a height of 556 ft, making it the third tallest building in the city. Although the tower will be shorter than the Shangri-La Vancouver Hotel and the Trump International Hotel & Tower Vancouver, it will appear taller than it actually is in the skyline because of the site’s high elevation approximately 120 ft above sea level.

The church has strategically chosen to use the redevelopment as an opportunity to restore and seismically upgrade the 1911-built stone building, while also expanding its spaces to better serve its own community and the community at-large. There will be new church ancillary spaces such as a 37-space child daycare, a gymnasium, a counselling centre, church offices, and a cafe.One of the amenities that residents will have access to will be a long two-lane, glass-roofed swimming pool built into the third floor of the tower facing the laneway.

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Ample ground-level public spaces with significant landscaping and water features are planned. But the most interesting part of this project revolves around its unique design as it has a contemporary flair that the city has never seen. The form of the tower takes inspiration from church pipe organs, and there will be open common gardens on each level to provide opportunities for residents to interact with their neighbours. 

“The patterns and fenestration on the tower will further distinguish this building as a dynamic addition to Vancouver’s skyline,” wrote Thom in the application, adding that the gardens are “effectively a kind of ‘front porch'” as they will “provide space for personalizing suite entries common gardens, seating, and perhaps even bike storage.”

“We anticipate that this will allow subcommunities within the larger strata to form and break down the social barriers that are associated with high rise living.” 


The project’s proposed Community Amenity Contributions (CACs) are staggering and could potentially set a record for the City. Approximately $100 million in CACs could be allocated by the developers, including an in-kind value of $21.7 million for the church restoration portion of the project and a $63-million cash contribution to the municipal government.

“At this juncture in its long and distinguished history, the Church is looking to adapt to the current social needs and demands of the city by undertaking an ambitious and logical program of rehabilitation and change,” continued Thom.

“The First Baptist Church understands that the creation of a transformed facility that simultaneously provides services to the community and a welcoming, architecturally distinguished physical environment is essential… The FirstBC project represents a bold new chapter in Vancouver’s development.” 

The project falls within height restrictions and densities of City Council’s West End Community Plan, which calls for taller towers along Burrard Street, and abides with the View Cone Policy.

( Click to see the article at )


News – Aug 9th, 2017

What slowdown? Vancouver and Toronto real estate markets still hot and unaffordable for many 

... moving her family from Vancouver to Halifax because she can't afford the high cost of housing in her beloved city. "It feels like my lover has jilted me.

Vancouver architect Michael Green at centre of mass-timber moment 

Vancouver Sun 

When Vancouver-based architect Michael Green stops to reflect, ... how other people lived and found happiness, even in sub-standard housing.


News – Aug 8th, 2017

What slowdown? Vancouver and Toronto real estate markets still hot and unaffordable for many 

With recent price declines in Canada's hot real estate markets, there's been talk of a slowdown. But, so far, it's hardly something for prospective buyers ...

Could ethical investing help ease Vancouver's affordability crisis? 

The U.S.-based Housing Partnership Equity Trust, for example, had more than 2,600 units in its portfolio last year. Vancouver is far from ready for ...

How strata-housing owners in BC can deal with disputes in the face of density 

The Globe and Mail 

It was a routine dispute: A Vancouver strata council fined a tenant $400 for smoking on strata property. The tenant, however, said he didn't smoke


News – Aug 4th, 2017

Probe into New Coast Realty shadow flipping too slow, critics say 

The Globe and Mail 

The Real Estate Council of British Columbia says its investigation into a Vancouver-area realty firm linked to so-called “shadow flipping” remains a ...

While Vancouver and Toronto chill out, Montreal home sales post best July in 8 years

Financial Post 

The Greater Montreal Real Estate Board says 3,075 homes were sold in July, climbing 16 per cent compared to a year ago and the most for the month ...


News – Aug 3rd, 2017

Vancouver residential property benchmark prices cracks $1 million 

CTV News 

VANCOUVER -- The Real Estate Board of Greater Vancouver says the typical price of a home in Metro Vancouver has surpassed $1 million.

Buyer who walked away from real estate deal ordered to pay $360K 

But that summer a key factor changed in Metro Vancouver's real estate market: the B.C. government brought in a 15 per cent property transfer tax on ...

Developer argues Metro Vancouver towers are getting too tall 

Developer argues Metro Vancouver towers are getting too tall ... planners, 'Would you have allowed that building to be 57 storeys if it was just condos?

Foreign buyers' tax, other measures under review: BC housing minister 

Vancouver Sun 

British Columbia's new Housing Minister Selina Robinson says she is reviewing the tax on foreign buyers of Vancouver real estate and the province's ...


News – Aug 2nd, 2017

Foreign buyers' tax, other measures under review: BC housing minister

Vancouver Sun

British Columbia's new Housing Minister Selina Robinson says she is reviewing the tax on foreign buyers of Vancouver real estate and the province's ...

Prominent Richmond realtor fights forgery allegations

Vancouver Sun

Yang was planning her departure to a competitor real estate agency, Metro Edge. ... communications with the Real Estate Board of Greater Vancouver.

The Vancouver foreign homebuyer tax is one year old. Here's what Canada can learn from it.

A 15 per cent tax for foreign home buyers in Metro Vancouver caused a ... 15 per cent surtax on foreign homebuyers in MetroVancouver took effect. ... might have been more psychological than material, but it was real, he noted.

The Monday news briefing: An at-a-glance survey of some top stories

National Post

B.C. GOVERNMENT TO REVIEW REAL ESTATE MEASURES: British ... foreign buyers of Vancouver real estate and the province's interest-free loan ...


News – Aug 1st, 2017

Co-ops attracting more attention in hot multifamily market

Business in Vancouver

That compares with the Real Estate Board of Greater Vancouver's benchmark price in June of $772,900 for a west-side apartment and $507,700 for an ...

News – July 31st, 2017

Verdict on BC's year-old foreign-buyer tax still up for debate 


The Globe and Mail 


Analysts of Vancouver's real-estate phenomenon, coming from distinctly different perspectives, continue to debate what the impact of the tax is – if any.


Opinion: It's time for a rethink on taxing housing wealth 


Vancouver Sun 


Mayor Gregor Robertson weighs in last year on new legislation from the B.C. government that'll see foreign buyers of Metro Vancouver real estate ...


New banking rules a 'game changer' for real estate tax evasion 


The Province 


These tax dodgers tend to be speculative Metro Vancouver investors who own ... It's also believed that some real estateprofessionals help clients fake ...


News – July 28th, 2017

New Canadian banking rules called 'game changer' for real estate tax evasion 

Vancouver Sun 

Metro Vancouver's overheated real estate market is the target of new Canadian banking rules that firm up information on non-resident buyers.

Vancouver City Council approves controversial 56-storey tower in West End 

... condominium units and a seven-story tower with 61 social housing units. The proposal, developed by First Vancouver Baptist Church and Westbank ...

Chinatown doesn't have to lose community to condos: MP Jenny Kwan 

Vancouver East MP Jenny Kwan says she's been discussing the housing situation in Vancouver's Chinatown with Federal NDP hopeful Jagmeet ...

Closet space: Gastown apartment on Craigslist is $1450 — for 200 square feet 

Vancouver Sun 

Vancouver is the most expensive rental market in Canada. According to a report from, the average rental price of a one-bedroom ...


News – July 27th, 2017

Pacific Reach 'very excited' being new owner of iconic Hotel Georgia 

Vancouver Sun 

Leonard Frank postcard of the Hotel Georgia, Vancouver, 1929. ... “We went into 2008-2009, a very difficult period, and the whole real estate market ...

Vancouver housing market showing signs of overheating, CMHC says 

The Globe and Mail 

The hot Vancouver housing market is showing signs it is becoming overheated, while Toronto continues to display strong evidence that home prices ...

Vancouver wants more modular housing built to help homeless 

Vancouver Sun 

FILE PHOTO Vancouver's first modular housing project was officially ... The City of Vancouver wants to see 600 modular units built at a cost of $45 ...



 News – July 26th, 2017

Snapshot of Vancouver 'housing reset' outlines tough road ahead 

We're getting a first snapshot of how the City of Vancouver's ambitious '“housing reset” is progressing. The city launched the 10-year plan back in ...

Burnaby approves Metrotown downtown plan after raucous council meeting 

Activists want more affordable housing. The city says it anticipates approximately 125,000 new people will call Burnaby home by 2041 and the plan is ...


Toronto, Vancouver home sales slow, but don't expect prices to follow 

Financial Post 


Housing sales figures may be declining in Toronto and Vancouver, but with listings remaining scarce, economists are warning that significant gains in ...


News – July 25th, 2017

Vancouver pilot program seeks to boost supply of affordable rental housing 

Vancouver Sun 

Susan Haid, assistant director of planning for Vancouver South, joins Mayor Gregor Robertson Sunday in outlining the city's new affordable rental ...

Letters: NDP can't deliver huge low-income housing promise, reader says 

The Province 

The NDP has promised to deliver 110,000 low-income housing units in the next 10 years. I understand that 3,000 were allocated in the past year and ...

Affordable rental project could turn housing into Vancouver's 'Hunger Games': activist 

That's what Vancouver housing activists call the city's proposal for ... Is Vancouver's affordable housing crisis driving people into homelessness?

Toronto, Vancouver home sales slow, but don't expect prices to follow 

Financial Post 

Toronto, Vancouver home sales slow, but don't expect prices to follow ... According to the Canadian Real Estate Association, sales dropped by about ...


News – July 24th, 2017

Vancouver launches affordable rental pilot program in Cambie corridor 

New condo buildings, where units are for ownership, are already required by the city to include a 30 per cent social housing component. The new ...

The Vancouver retail segment's growing demand for industrial real estate

Mortgage Broker News 

The Vancouver retail segment's growing demand for industrial real estate A seismic shift in how the retail segment operates is fuelling an ...


Canadians set record with US real estate shopping spree 

Canadians set record with U.S. real estate shopping spree ... looking to cash out of the hot Canadian real estate markets in Toronto and Vancouver.

Regulators set their sights on double ending 

The Globe and Mail 

It had been listed at $19.9-million, but long-time real estate agent John Ryan ... Mr. Ryan has sold about $80-million in real estate in the past couple of .... listings” or “pocket listings” always goes up, Vancouver realtor Ian Watt says.



News – July 21st, 2017

Proposed changes to laneway house rules could allow landowners to stratify 


CTV News 


A proposal to be presented in front of council next week suggests changes to property development rules that include allowing owners of single-family ...

This Week in History: 1897 "Sacks of Gold" arrive in San Francisco, setting off the Klondike gold rush 


Vancouver Sun 


Vancouver had been hit hard — the World had a real estate ad on July 27 with several properties that had been reduced in price, including the “forced ...


Premier Horgan appoints new chairs to ICBC, BC Hydro, BC Housing


Vancouver Sun 


Premier Horgan appoints new chairs to ICBC, B.C. Hydro, B.C. Housing ... Last month, MacPhail was named vice-chair of the Metro Vancouver ...




Metro Vancouver board proposes $1-per-household tax to fund housing projects 


Metro Vancouver households may be on the hook for $1 in additional tax each next year to help fund public housing projects in the region.



News – July 19th, 2017

Maple Ridge man sues stepdaughter over alleged breach in agreement involving real estate flip 

Vancouver Sun 

The division of proceeds from the sale of this house on Wharf Street in Maple Ridge is the subject of a legal dispute between a father and ...

Median rent for 1-bedroom hits $2090 in Vancouver: rental site 

CTV News 

A monthly report released by PadMapper this week found that the median listing price for one-bedrooms in Vancouver was $2,090 per month in June.

New housing minister Selina Robinson to tackle BC's runaway home prices 

Vancouver Sun 

It will be Robinson's challenge to move quickly on NDP campaign promises, while also being cautious of economic consequences that new real estate ...

Firm with Chinese ties buys Vancouver's Grouse Mountain Resorts 

The Globe and Mail 

"They are looking to transition, but they don't want someone just interested in real estate speculation," he said. A consultant who has worked with ...


News – July 18th, 2017

A portrait of a dense city 

The Globe and Mail 

VANCOUVER Special to The Globe and Mail Last updated: Sunday, Jul. ... a quarter of people in B.C.'s Lower Mainland live in low-rise apartments.

Vancouver area apartment dwellers don't recycle as much as house residents 

Apartment dwellers across Metro Vancouver are less than half as likely to recycle as other types of residents — but commercial waste haulers aren't ...

Sniffing out the truth about the end of the Canadian real estate boom: Don Pittis 

It is unhealthy for the price of something as essential to daily life as housing to be rising 30 per cent a year, as it was in southern Ontario earlier this ...

'Massive effort' underway to create database that will shed light on Canada's housing market 

Financial Post 

Last summer, as policy makers grappled with how to tackle soaring real estate prices in the Vancouver and Toronto areas, they encountered a major ...

News – July 14th, 2017

Vancouver condo's new listing woos price-conscious shoppers 

The Globe and Mail 

The Action: The condo was originally listed at $999,800 for 27 days. After the new listing with a new price, the condo sold quickly. Listing agent Paul ...

In British Columbia, real estate investors need to seek shelter 

The Globe and Mail 

The recent census shows the population of Vancouver increased 4.6 per cent from 2011 to 2016. Real estate prices? They increased 74.7 per cent ...

BC Real Estate Association says June sales still far above 10-year-average 

CTV News 

VANCOUVER -- The British Columbia Real Estate Association says June home sales fell short of record levels set last year but demand remains well ...

Increased interest rates could mean higher Vancouver rental prices, expert says 

A big part of why housing prices have been so high, relative to rental prices, is due to low interest rates ... "It's so hard to find labour around Vancouver.

'Sanity' returning to Toronto housing market, as Vancouver, Calgary show recovery: Royal LePage 

"Sanity" started returning to the Greater Toronto Area's real estate market in the second quarter, while home sales in Greater Vancouver and Calgary ...



News – July 13th, 2017

Greater Vancouver housing market continues to defy expectations: Royal LePage 


“The Greater Vancouver real estate market defies all odds and expectations in 2017,” Randy Ryalls, general manager of Royal LePage Sterling Realty ...




Foreign buyers concentrated in Toronto and suburbs after new real estate tax 


TORONTO – The Bank of Canada's interest rate hike could prolong the cooling-off period the Toronto housing market is experiencing following the ...


Vancouver's Grouse Mountain Resorts expected to be sold to Chinese investor with state ties 


The Globe and Mail 


A spokesperson for CMIG declined to comment on a potential transaction, as did spokespersons for Grouse Mountain and its real-estate agent, CBRE ...


Vancouver moves toward legalization of short-term rentals like Airbnb 


Business in Vancouver 


Vancouver moves toward legalization of short-term rentals like Airbnb ... Owners of those propertiescould rent those units for 30 days or more, ...


News – July 12th, 2017

$17.5M estate matches Whistler real estate record 

CTV News 

$17.5M estate matches Whistler real estate record .... help curb the number of birds thunking into the windows at one Vancouver park board property.

Canadian home prices rise in June as Toronto keeps climbing: Teranet 

The Globe and Mail 

The housing data comes ahead of a Bank of Canada interest rate decision in which the central bank is expected to raise rates for the first time in nearly ...

New Westminster's rising tower power 

Business in Vancouver 

The anchor tower of Bosa's Pier West would be the tallest building between Vancouver and Calgary if built today. “We saw overwhelming support for a ...


News – July 11th, 2017

Modest rate hikes to have little impact on high-end real estate: Sotheby's 

CTV News 

TORONTO - The CEO of Sotheby's International Realty Canada says a modest increase in the overnight lending rate will probably have very little ...

Vancouver's supply of detached houses dropped 14.5 per cent over past decade 

The Globe and Mail 

The number of residences in Vancouver categorized as occupied ... home buyers in the area – a measure designed to cool off the real estate market. ... For Metro Vancouver as a whole, detached properties accounted for 29 per cent ...

Opinion: BC election priority: ending big money in politics 

Vancouver Sun 

Aspects of the Vancouver regional mayors' plan are also problematic. ... City of Vancouver's Housing & Properties Department and for B.C. Housing.

Vancouver homebuyers stress levels some of highest in the country: survey 

Business in Vancouver 

Canadians are generally optimistic about the housing market, but new homebuyers in Vancouver and Toronto have the lowest levels of optimism and ...

News – July 7th, 2017

Brace yourself – a perfect storm is brewing in the housing market 


The Globe and Mail 


For the first time ever, Canada is facing overvaluation in its biggest markets, over-indebted consumers, a major tightening of mortgage rules and the ...

Proposed mortgage rules aim to reduce financial risk in Canada's hot housing markets 


Fear of a housing bust ... "In terms of trying to cut down on the flow of capital in the housing, in particular in Toronto and Vancouver, cutting down on ...

Measuring housing froth (where Canada doesn't look as bad) 


The Globe and Mail 


The Vancouver and Toronto areas are frothy, to be sure, but there other ways to look at bubbly housing and mortgage markets, ones where Canada ...


Metro Vancouver plans to raise rates to pay for sewage projects 


Vancouver Sun 


Currently, the rates range from $944 per single-family home, $826 for a townhouse and $590 for an apartment in Vancouver to $1,731 for a home, ...



News – July 6th, 2017


Demand for Metro Vancouver condos outstrips supply at record rate in June 


New numbers from the Real Estate Board of Greater Vancouver (REBGV) show sales of detached homes continuing to slide, while demand for condos ...


Canada a top destination for property investments by mainland Chinese buyers: report 


Vancouver Sun 


A large Chinese real estate website claims Chinese investors at home and ... West Vancouver-based luxury realtor Malcolm Hasman advertises a ...

Vancouver condo prices surge amid apparent thaw in foreign-buyers-tax chill 


The Globe and Mail 


Condo prices are surging in Greater Vancouver while the market for detached ... Vancouver remains by far Canada's most expensive housing market.


New Vancouver rules would allow most Airbnb-style rentals, with a licence 


National Post 


Mayor Gregor Robertson said Vancouver is in a rental housing crunch, with a vacancy rate that has dipped below one per cent. He estimated at least ...



News – July 5th, 2017

Vancouver property owners 'panic' to rent as vacancy tax implemented 

Vancouver property owners 'panic' to rent as vacancy tax implemented ... Fazli said while it will lead to more housing being available because of lower ...

Habitat For Humanity builds 'buyback' affordable housing in Coquitlam 

Dennis Coutts, the CEO of Habitat for Humanity in Greater Vancouver, said this helps families enter the housing market by giving them the cash ...

City of Vancouver set to benefit from new NDP government says expert 

Vancouver Sun 

Three-term City of Vancouver councillor Geoff Meggs has become NDP ... “benign neglect,” Price said, especially on issues like housing and transit.

Demand for Metro Vancouver condos outstrips supply at record rate in June 

New numbers from the Real Estate Board of Greater Vancouver (REBGV) show sales of detached homes continuing to slide, while demand for condos ...


News – July 4th, 2017

Poll finds just two per cent of Vancouverites view housing as affordable 

President of the Greater Vancouver Real Estate Board Jill Oudil said buyers are getting frustrated from bidding wars in a market with a low supply.

Vancouver's unoccupied home rate is high, but not unusual 

Business in Vancouver 

The latest census numbers indicate that Vancouver's housing crisis is more ... This largely mirrored the rise in Vancouver to 8.2% from 5.2% over the ...

Richmond man who fought Mandarin-only meetings moves away 

Vancouver Sun 

Kargut would like to see the Strata Property Act amended to state that English, as an official language, must be used — rather than denied — at strata ...

Vancouver still shaped by Hong Kong handover 2 decades later 

The transformation, he said, included changes to housing, schools and ... Thousands of Hong Kong Chinese settled in Vancouver in the late 1980s ...

Canada 150 celebrations come a little early for BC 

Vancouver Sun 

In 1866, the legislature voted to abolish the real estate tax — its chief ... Meanwhile, if VancouverIsland was near bankruptcy, on the mainland, the ...



News – June 30th, 2017

Amid a housing crisis, Vancouver buys houses and leaves them empty 


The Globe and Mail 


It's an all too familiar Vancouver scene: junk mail and newspapers are ... The director of real estateservices, Jerry Evans, also confirmed that “this is ...


NDP asked to form next BC government after Liberal defeat 


Vancouver Sun 


... care spaces, an ambitious transit plan, scrapping tolls on Metro Vancouver bridges, a rent-to-own housing program and social assistance increases.


Calgary outpaces Toronto and Vancouver as Canada's least affordable city for low-income residents 


While real-estate prices have skyrocketed in B.C.'s Lower Mainland and the Greater Toronto Area, Kneebone said a combination of factors have made ...


News – June 29th, 2017

Foreign buyers still investing in Metro Vancouver real estate despite BC tax 

Vancouver Sun 

Real estate agents say foreign buyers have plunged back into the Metro Vancouver market despite a 15-per-cent foreign buyer tax introduced last ...

Calgary outpaces Toronto and Vancouver as Canada's least affordable city for low-income residents 

Calgary outpaces Toronto and Vancouver as Canada's least affordable city for ... While real-estateprices have skyrocketed in the Lower Mainland and ...

Sweet and sour: 'Sugar Mountain' tent city in Vancouver raises concern for local businesses 

Vancouver Sun 

Residents of Vancouver's newest tent city vow to be good neighbours as ... Jackson said residents still need help finding proper housing, but for now ...


News – June 28th, 2017

Live: Vancouver city council disrupted by housing activists 

Vancouver Sun 

Tuesday's meeting of Vancouver city council was brought to a halt after housing activists interrupted proceedings at City Hall to demand an urgent end ...

Surrey council approves 'iconic' highrise project that aims to revitalize Whalley 

Vancouver Sun 

“Whalley is at a tipping point,” Surrey resident and CEO of Fifth Avenue Real Estate Marketing Scott Brown told city council. Brown said the area is the ...


Toronto Hotel Is Scrapping the Trump Name 

New York Times 

One Canadian hotel and condo tower, in Vancouver, British Columbia, still bears the Trump name, despite calls from the city's mayor for its removal.



News – June 27th, 2017

$13M in down payment loans driving Vancouver condo prices up: Economist

Fri, Jun 2: After a brief cool-down, the latest figures show Metro Vancouver's real estate market is red hot once again.


Housing migrants driving recreational property price inflation 

Business in Vancouver 


Metro Vancouver's affordability crisis is hitting the secondary home market, ... Or at least that's the sense from the Goodman team at HQ Real Estate ...


Judge reluctantly grants injunction to clear out Vancouver tent city by Wednesday


Vancouver Sun 


A judge has reluctantly ordered about 50 homeless who have been camping on a city-owned lot in Vancouver designated for social housing to vacate ...


News – June 26th, 2017

Few Vancouver condo owners selling as vacancy tax looms 

The Globe and Mail 

Some Vancouver condo owners faced with having to pay the country's first-ever municipal vacancy tax are planning to lie and see if they get caught.

Vancouver housing activists call for action at big-ticket BC NDP fundraiser 

The Globe and Mail 

A dozen housing activists from Vancouver's Downtown Eastside called on the NDP to take immediate action to end a continuing homelessness crisis ...