News

 

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 

Globalnews.ca 

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 

Reuters 

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 

CBC.ca 

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 

Globalnews.ca 

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 

 

CanadianBusiness.com 

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 

ETRealty.com 

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? 

Globalnews.ca 

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 

CBC.ca 

 

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 

BNN 

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

 

Straight.com 

 

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 

 

News1130 

 

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 

 

News1130 

 

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

Straight.com 

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 

BNN

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 

Straight.com 

 

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 

BuzzBuzzNews

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 

BuzzBuzzNews 

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 

CBC.ca 

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 

CBC.ca 

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 

Globalnews.ca 

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 

Straight.com 

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 

CBC.ca 

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 

News1130 

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 

 

Globalnews.ca 

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 

News1130 

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 

Globalnews.ca 

“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 

Born2Invest 

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 

 

Globalnews.ca 

 

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 

 

Straight.com 

 

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 

 

Globalnews.ca 

 

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 

 

Straight.com 

 

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? 

 

News1130 

 

“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” 

 

Globalnews.ca 

 

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 

Straight.com 

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 

Globalnews.ca 

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 

Globalnews.ca 

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? 

Advisor.ca 

“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 

News1130 

“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 

CBC.ca 

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 

Straight.com

 

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 

 

Globalnews.ca 

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 ... 

Straight.com 

“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 

CBC.ca 

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 

 

CBC.ca 

 

 

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

Globalnews.ca 

 

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

Straight.com 

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 

News1130 

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 

CBC.ca 

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 

Globalnews.ca 

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 

CBC.ca 

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 

Globalnews.ca 

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 

News1130 

 

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 

CBC.ca 

 

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 

KelownaNow 

 

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 

 

Globalnews.ca 

 

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 ... 

CBC.ca 

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 

CBC.ca 

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 

 

Globalnews.ca 

 

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

CBC.ca 

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 

Globalnews.ca 

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? 

News1130 

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 

 

 

Globalnews.ca 

 

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 

BCBusiness 

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 

Globalnews.ca 

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 

BCBusiness 

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 

Globalnews.ca 

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 http://urbanyvr.com/1668-1684-alberni-street-westbank-bing-thom-condos)

 

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 ... 

Globalnews.ca 

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 

BNN 

'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 

Globalnews.ca 

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 

Globalnews.ca 

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 

 

BNN 

 

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 

 

Globalnews.ca 

 

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 

 

TheTyee.ca 

 

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 

BuzzBuzzNews 

 

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? 

 

BuzzBuzzNews 

 

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 

 

BuzzBuzzNews 

 

... 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 

Globalnews.ca 

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 

BCLocalNews 

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 

Straight.com 

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 

Globalnews.ca 

“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 

BuzzBuzzNews 

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 

CBC.ca 

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 

TheChronicleHerald.ca 

... 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? 

Stockhouse 

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

CBC.ca 

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 

CBC.ca 

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 

 

Globalnews.ca 

 

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 

CBC.ca 

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 

CBC.ca 

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 

CBC.ca 

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

CBC.ca 

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

Globalnews.ca 

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

Globalnews.ca 

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

 

Globalnews.ca 

 

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.”

w1

(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.

w2

(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.

 

 w3

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161616 West Georgia tower drawings. Credit: Shato Holdings Ltd

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Tower lobby. Credit: Shato Holdings Ltd.

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Townhouses and lobby on Alberni Street. Credit: Shato Holdings Ltd.

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 Georgia Street frontage. Credit: Shato Holdings Ltd.

(Source from http://urbanyvr.com)

 

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.

grosvenor pacific03

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 http://urbanyvr.com)

 

News – Aug 10th, 2017

Bing Thom's 56-storey pipe-organ tower to be considered by Vancouver City Council

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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.

222333 a

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.” 

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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 dailyhive.com )

 

News – Aug 9th, 2017


What slowdown? Vancouver and Toronto real estate markets still hot and unaffordable for many 

CBC.ca 

... 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 

CBC.ca 

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? 

CBC.ca 

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 

CBC.ca 

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 

Globalnews.ca 

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.

Globalnews.ca

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 

CBC.ca 

... 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 

Globalnews.ca 

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 PadMapper.com, 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 

Globalnews.ca 

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 

CBC.ca 

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 

Globalnews.ca 

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 

CBC.ca 

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 

CBC.ca 

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 

 

Globalnews.ca 

 

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 

CBC.ca 

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 

CBC.ca 

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 

CBC.ca 

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 

CBC.ca 

"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 

 

Globalnews.ca 

 

“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 

 

Globalnews.ca 

 

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 

 

CBC.ca 

 

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 

 

Globalnews.ca 

 

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 

CBC.ca 

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 

CBC.ca 

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 

Globalnews.ca 

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 

Globalnews.ca 

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 

CBC.ca 

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 

 

CBC.ca 

 

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 

CBC.ca 

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 

 

Globalnews.ca

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 ...


Condo flipping on the rise as Vancouver market heats up: Realtor 

Globalnews.ca 

With Vancouver's real estate squeeze driving condo prices to new highs, one Vancouver realtor says speculation is heating up. Steve Saretsky with ...

 

News – June 23rd, 2017

 

$63M iconic mansion sets Vancouver real estate record 

CTV News 

An ornate mansion owned by a pair of longtime Vancouver philanthropists has just entered the record books as the most expensive real estate listing ...


Vancouver realtor concerned with prices in new 'Joyce' development 

Globalnews.ca 

Vancouver realtor concerned with prices in new 'Joyce' development ... hit a fresh high in March, according to the Canadian Real Estate Association.


Vancouver councillor wants city to buy 105 Keefer development site 

Globalnews.ca 

Vancouver municipal councillor wants the city to buy an empty lot in ... the land at 105 Keefer and turn it into a 100 per cent social housing facility.


Dan Fumano: New Chinatown proposals rise from ashes of Keefer condorejection 

Vancouver Sun 

Two parking lots at Columbia and Keefer streets in Vancouver's Chinatown were sold for $16.2 million in the fall of 2014. The Beedie Group had put ...

 

News – June 22nd, 2017

  

Liberals to unveil rent-to-own housing program in throne speech 

Vancouver Sun 

 

Liberals to unveil rent-to-own housing program in throne speech ... The new program will be of particular appeal to renters in Metro Vancouver, where ...

 

 

After the GFC (Great Financial Crisis), the GHF (Great Canadian Housing Froth) 

 

The Globe and Mail 

“However, they may well prove to be insufficient, with housing prices already rising again in Vancouver,” Mr. Macdonald said. “The next step should be ...

 

Foreign buyers a limited part of Montreal property picture: CMHC 

 

The Globe and Mail 

 

 

“A slight shift in demand from Vancouver to Montreal may have occurred after the introduction of the foreign buyers' tax on housing in Vancouver” in ...

Plaza of Nations redevelopment plan includes 1400 condos, Canucks practice rink 

Globalnews.ca 

 

 

Wed, Jun 21: The city of Vancouver has unveiled a new plan for one of the last prime waterfront development sites in the downtown core: the old Expo ...

 

Calgary real estate firm advertises in China but can't sell a home 

 

CBC.ca 

 

real estate agent hoped Vancouver's foreign buyers tax would help her sell some languishing Calgary homes. Emma May told the Calgary ...

 

News – June 21st, 2017

 

Real estate council to hear case on prominent West Vancouver realtor 

 

Vancouver Sun 

 

A prominent West Vancouver realtor is facing allegations of professional misconduct in a Real EstateCouncil of B.C. disciplinary hearing.


Owners responsible for poor state of Balmoral Hotel 

24 Hours Vancouver 

 

 

Like London, Vancouver is suffering the effects of fantastically expensive ... Recent figures show the Vancouver housing market heating up again as ...

New Vancouver condo developments not keeping pace with demand 

Vancouver Courier 

 

While the media focuses on stories of people leaving Vancouver because of high housing costs, there's always been a “bleeding out” of Vancouver's ...

 

News – June 20th, 2017

Early numbers hint at larger decline in GTA home sales: expert 

CTV News 

Toronto's suddenly dipping housing market appears poised to decline at a higher rate, according to early June numbers from one real estate expert.


Vancouver developers flock to build in Victoria's core 

Times Colonist 

Vancouver-based Chard Developments, has built six condo towers in downtown Victoria over the last decade. The company recently received ...


Opinion: Zoning for dollars: Getting Community Amenity Contributions out of the backroom 

Vancouver Sun 

Increasingly around Vancouver, cities let developers build bigger buildings than zoning allows in exchange for cash, affordable units or other ...

 

 

News – June 19th, 2017

Foreign investors ignoring Calgary, Montreal real estate markets 

The Globe and Mail 

Calgary has a glut of unsold condos, so earlier this year, with a tax on foreign buyers in Vancouver and another looming in Toronto, real estate ...

 

Risky mortgages, shadow bankers threaten Vancouver housing market's stability 

Vancouver Sun 

This is a growing danger for Vancouver's real estate market, because under new tighter lending standards introduced for banks in fall 2016, the Bank ...


Realty company president facing fraud charges arrested on new charges 

Vancouver Sun 

VANCOUVER: Nov. 12 2011: Rui "Roy" Figueiredo is pictured at a 2011 Vancouver real estate event sponsored by his company, Pare Realty.

 

 

News – June 16th, 2017

Vancouver home prices may have finally shaken off foreign buyers' tax: index 

 

Globalnews.ca 

 

It's taken nine months, but the Vancouver housing market may have finally shaken off the foreign buyers tax, data from a home price index suggested ...

 

 

Vancouverites invited to chime in on housing affordability and city's efforts 

 

Vancouver Sun 

 

The city of Vancouver is hosting a pancake breakfast and roundtable conversation to discuss issues around housingaffordability and access this ...

 

 


Vancouver tent city given until 7 am Friday to clear out 

Globalnews.ca 

 

 

Housing activists say residents of a tent city on Vancouver's Main Street have been served with yet another order to clear out. But this time, homeless ...

Don't Expect Vancouver Real Estate To Turn Negative For At Least 16 Months 

 

Better Dwelling 

Vancouver real estate has everyone scrambling to try and figure out how long prices will grow, and when they'll start contracting. It's damn near ...


BC NDP softens position on speculative real estate tax 

Vancouver Sun 

 

B.C. NDP softens position on speculative real estate tax ... Real estate signs in the 2800-block Kaslo Street in Vancouver on June 13.

 

 

News – June 15th, 2017

 

Vancouver home prices may have finally shaken off foreign buyers' tax: index 

 

Globalnews.ca 

 

real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan.3, 2017. Canadian home prices posted a record jump for the month of ...

 

 

Museum, shops and seniors' housing: The 105 Keefer that might have been 

 

MetroNews Canada 

Condos will likely be built on the contentious Chinatown site — but a planner ... Vancouver city council turned down the fourth iteration of the condo ...

 

 

News – June 14th, 2017

Metro Vancouver's market heating up again, despite foreign-buyer tax 

Vancouver Sun 

B.C. real estate prices are on the rise and demand continues to outstrip supply, which the NDP says shows the foreign-buyer tax that was announced ...


Five Things to Know: Chinatown condo tower vetoed, foreign buyer tax failing, hackers gonna hack 

Vancouver Sun 

Hey, remember when the newly-introduced foreign-buyer tax cooled Metro Vancouver's real estate market? You shouldn't, because as it turns out, ...


Mayor floats idea of billeting homeless to help ease Victoria housing crisis 

Vancouver Sun 

Inviting homeless people to stay in your spare room or basement might be a way to ease the current housing crisis, says Victoria Mayor Lisa Helps.


Rezoning proposal denied for empty lot in Chinatown 

CTV News 

Fung's group said they would like to see Vancouver purchase the property back and construct dedicated social housing on the lot.

 

 

News – June 13th, 2017

Vancouver's Balmoral Hotel closing highlights housing issues 

 

The Globe and Mail 

 

The city says it and the province's housing ministry have found places for all of the registered tenants – about 140 people – who had been living in the ...

How an NDP-Green gov't can free-up BC's housing supply 

 

Vancouver Sun 

 

A new home is under construction at North Vancouver in October 2016. It takes 21 months, on average, for Vancouver City Hall to approve housing ...

 


City of Vancouver unveils next wave of development for Cambie Corridor 

 

Globalnews.ca 

 

The City of Vancouver is unveiling a draft plan for development along the Cambie Corridor, calling it its most aggressive push for housing yet. The draft ...

Mortgage delinquency rates low in Toronto, Vancouver despite high prices: CMHC 

 

CBC.ca 

 

Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices ...

 

News – June 12th, 2017

First, the good news: A Toronto-Vancouver housing bust wouldn't jolt all of Canada 

The Globe and Mail 

But first, the good news (or small comfort, or whatever you want to call it): The Bank of Canada says a bust in the frothy Toronto or Vancouver housing ...

 

Housing advocates stage block party-protest with deadline looming to clear Balmoral SRO 

Globalnews.ca 

It adds that a team has been put together from the city, BC HousingVancouver Coastal Health, and the Ministry of Social Development to assist ...


Chinatown seniors fight to support contentious new building 

CTV News 

"Twenty-five [social housing units] definitely doesn't meet the needs of this community," Yuly ... With a report from CTV Vancouver's Allison Tanner.

 

 

News – June 9th, 2017

Vancouver single-room hotel lawsuit stalls over venue dispute 

 

The Globe and Mail 

 

The delay in the lawsuit against the Sahota family disappointed housing ... The City of Vancouverrecently found that building unsafe and have ...

 

 

West Vancouver council splits on future of Marine Drive 

 

North Shore News 

 

West Vancouver council splits on future of Marine Drive .... West Vancouver needs to build 2,000 housing units over the next decade, Booth said.

 

 

City of Vancouver secures 131 housing units for Balmoral tenants being evacuated 

 

Vancouver Sun 

 

In a media release issued Friday morning, B.C. Housing and the City of Vancouver said the units were ready to begin receiving tenants “immediately.”.

 

News – June 8th, 2017

 

Housing starts slip in hot markets of Toronto, Vancouver

The Globe and Mail 

Canadian housing starts dipped in May as construction intentions fell in Toronto, another sign that one of the country's hottest real estate markets ...

 

Metro Vancouver seniors facing a severe rental squeeze 

Business in Vancouver 

The Opal seniors' residence in Vancouver is one of the few new private seniors' housingdevelopments being built in Metro Vancouver | Element ...


Toronto and Vancouver housing markets threaten Canada's rapid economic growth, OECD says 

Vancouver Sun 

But the OECD is concerned about the housing markets in Toronto and Vancouver. The OECD thinks Canada's economy is expanding fast enough for ...

 

News – June 7th, 2017

OECD urges more Canadian housing measures, warns Ontario may hurt 'poor and young' 

The Globe and Mail 

 

The call for further housing measures by the Organization for Economic .... “Overheating concerns in Vancouver are about to enter the housing ...

 


Metro Vancouver seniors facing a severe rental squeeze 

Business in Vancouver 

 

The Opal seniors' residence in Vancouver is one of the few new private seniors' housing developments being built in Metro Vancouver | Element ...

 

Major developments loom on Port Moody horizon 

 

Business in Vancouver 

 

China-backed and Vancouver-based Brilliant Circle Group bought the land from Imperial in 2015 and has hired an architectural team led by Peter ...

 

News – June 6th, 2017

Vancouver becoming 'apartheid city' in housing crisis, says former UN rep 

CBC.ca 

Vancouver is becoming an "apartheid city" in terms of the divide between rich and poor, said Miloon Kothari, the former UN special rapporteur for ...


UBC housing expert digs for meaning in modern market 

Business in Vancouver 

Davidoff said part of the reason he picked Vancouver was the calibre of the academics in the field here, many of whom he now counts as friends and ...


Toronto's housing market: Sustained chill or Vancouver-style rebound? 

The Globe and Mail 

The Toronto housing market has taken a breather after the Ontario ... If Toronto follows Vancouver's lead, how quickly will prices fully rebound? In eight ...

 

 

News – June 5th, 2017

City of Vancouver reminds empty-home owners of looming deadline 

Vancouver Sun 

“In a rental housing crisis, it's unacceptable for so much housing to be treated as a commodity while people who live and work in Vancouver can't find ...

 

Don't Bet the House on Poloz Busting Toronto and Vancouver Bubbles 

Bloomberg 

In Vancouver, the country's most-expensive real estate market, they've climbed 58 percent over four years. Meanwhile, household debt is at record ...

 

City of Vancouver says it is "committed" to finding Balmoral Hotel tenants new places to live 

Straight.com 

“A team of outreach workers, along with BC Housing and Vancouver Coastal Health have been at the hotel this weekend to have conversations with ...

 

Toronto's housing market: Sustained chill or Vancouver-style rebound? 

The Globe and Mail 

In May, average sale prices for detached homes, condos and townhouses in the Vancouver area hit record highs, figures released Friday by the Real ...

 

News – June 2nd, 2017

Housing crisis prompts creation of renters union 

CTV News 

A new union of Vancouver renters is tapping into the exasperation tenants feel in one of Canada's hottest rental markets and pushing for change.


NDP-Greens seek ways to cool British Columbia's housing market 

The Globe and Mail 

The Vancouver region's housing market was a central issue in the campaign for the May 9 election, with both the New Democrats and Greens putting ...


Vision flunks Vancouver housing challenge 

The Province 

Just as Nero fiddled while Rome burned, Vancouver's mayor is addressing a conflagration that is the city's housing-affordability crisis by facing the ...


A new battle for Chinatown 

The Globe and Mail 

Today, it's pricey condos that threaten to wipe out Vancouver's historic ... A complicated eight-lane freeway was set to replace Vancouver's Chinatown.

 

 

News – June 1st, 2017

Don't bother giving up avocado toast, Vancouver millenials, the housing is too expensive anyway 

Vancouver Sun 

No matter how you slice it, the story of saving enough money to buy a home in Vancouver has turned into nothing but a dream for many.

But what ...

 

 

Montreal real estate basks in 'Goldilocks' status as Toronto housing cools 

 

 

Montreal Gazette 

 

While the once-soaring housing markets in Toronto and Vancouver are showing signs of cooling, Montreal is just getting started. Demand in Canada's ...

 


Vancouver office market hungry for new buildings 

 

Real Estate News EXchange 

 

The Exchange building is the latest addition to the Vancouver office market. ... Of the two other new office projects, Serracan Properties' 10-storey, ...

 

News – May 31st, 2017

Vancouver developers want more townhomes. Critics say they'll just be sold overseas 

Globalnews.ca 

A group working on behalf of Vancouver developers is urging the city to ... the empty homes tax may reduce the number of properties sitting vacant.

IMF expresses concern over 'hot spots' in Toronto and Vancouver housing markets 

CBC.ca 

IMF expresses concern over 'hot spots' in Toronto and Vancouver housing ... Dedicated resources to collect better data on real estate transactions.


Haunting images of Vancouver before Expo 86, before the 'Glass City' and before teardowns cost ... 

National Post 

When this image was taken, Vancouver real estate prices were in a tailspin. Real estate prices dropped by as much as 30 per cent in the early 1980s ...


New multi-family home availability hits historic low in Vancouver

Business in Vancouver 

As of the end of March, there were 16 new townhomes and 15 new condos ready for occupancy across Metro Vancouver. As well, in the city of ...

 

 

 

News – May 30th, 2017

Metro Vancouver inventory of unsold new homes hits record low, according to development institute 

Vancouver Sun 

Townhouses under construction on East Broadway at St. Catherines Street in Vancouver are an example of the types of housing that should have ...


Housing bubble, mortgage trouble: Chill, Canada isn't 2006 America 

The Globe and Mail 

Yes, debt among Canadian households is at record levels. Yes, Vancouver home prices are inflated, while Toronto is in bubble territory. Yes, there's ...

 


Real Estate magnate with Vancouver ties turns his focus to philanthropy 

Business in Vancouver 

When Oei Hong Leong visited Vancouver in the late 1980s, putting down roots was the furthest thing from his mind. But as with many visitors to ...

 

News – May 29th, 2017

False Creek is Vancouver's 'next generation of building' 

The Globe and Mail 

This is the next generation of Vancouver building,” said Gil Kelley, the city's ... But the city's definition of social housing does not mean 100-per-cent ...


Homeless in Vancouver: Trump housing secretary Ben Carson says poverty is a state of mind 

Straight.com (blog) 

You take somebody who has the right mindset, you can take everything from them and put them on the street, and I guarantee in a little while they'll be ...


In battle over future of Canada's largest Chinatown there are fears of a 'freeway of condos

National Post 

VANCOUVER — In this city of towering glass, it could easily have been overlooked as “just another condo.” But a proposed 12-storey condominium in ...

 

News – May 26th, 2017

The Vienna model for housing sanity 

 

The Globe and Mail 

 

Vancouver is a region racked by the negative effects of spiralling real-estate prices and rents, with people bitterly divided over the causes and ...

  

Heated battle over Chinatown's future pours into council chambers 

 

Vancouver Sun 

 

A group of protesters gather outside of Vancouver City Hall on Tuesday to show their concern over a large development at 105 Keefer Street in ...

 


Details unveiled about creation of hundreds more rental units in Vancouver

 

News1130 

 

Luke Harrison, the CEO of the Vancouver Affordable Housing Agency, says city council recently approved plans to offer mixed housing for low-income ...

 

News – May 25th, 2017

Fraser Valley board warns offshore clients seeking to misuse realtor bank accounts 

Vancouver Sun 

The Fraser Valley Real Estate board (FVREB) has warned managing ... be obscuring their identities and evading Metro Vancouver's foreign-buyer tax, ...


Vancouver housing project allows people to age in place 

Vancouver Sun 

A development on the west side of Vancouver is among the new kinds of housing projects aimed at accommodating an aging population. Unlike some ...


Latest Vancouver Chinatown housing proposal headed for battle 

The Globe and Mail 

A proposed building in Vancouver's historic Chinatown is headed for an unprecedented public battle as it mushrooms into the most contentious ...

 

News – May 24th, 2017

Vancouver housing project allows people to age in place 

Vancouver Sun 

One of the owners of two condos in Opal is Douglas Guest. Guest is only 37, but has decided to buy into the project as an option for himself and his ...


Sky-high condo prices aren't a supply problem 

The Globe and Mail 

People will say that the condo towers I highlighted are in downtown Vancouver, so what do you expect? Well, the fact is those prices set a standard for ...


BC minister's properties surge after he passes foreign buyers tax 

CTV News 

When the 15 per cent tax was applied in August 2016, it only affected Metro Vancouver. There, the real estate market stalled for months before only ...


Judge orders sale of home in British Properties

North Shore News 

In October 2015, Tsai launched a lawsuit against West Vancouver real estate agent Leo Zhang, his company Sincere Real Estate Services Ltd., the ...

  

News – May 23rd, 2017

Is your condo board above board? Tips for evaluating condo governance

CBC.ca

Not just anyone should sit on the board of directors of a condo corporation, ... Demand for Vancouver-area condos, townhomes pushing up prices.

Seniors leaving Vancouver to take advantage of housing market

The Globe and Mail

“We had this vague notion that we would love to be out of the city in something more rural, maybe with a bit of a hobby farm,” says Ms. Palmer, 69, ...


Mansion rentals see increase as Vancouvers high-end market slows

MetroNews Canada

More detached homes in Vancouver are being rented out, but it has more to do with the slowing real estate market than with the city's introduction of ...

 

News – May 19th, 2017

BC government wants to resolve foreign buyers tax lawsuit without full trial

CBC.ca

... cent foreign buyers tax — which the province implemented last August to slow down the region's red-hot real estate market — which added $84,000 ...

 

No Fixed Address documentary puts focus on Vancouver housing crisis

Vancouver Sun


Prominent Vancouver developer James Schouw banned for fraud

Vancouver Sun

Prominent Vancouver developer James Schouw banned for fraud ... used for the development of a Vancouver real estate project,” a statement issued ...

 

Gordon Clark: New real estate taxes only created new problems

The Province

... with Statistics Canada reporting this week that Vancouver prices are rising again, and the Canadian Real Estate Association saying that prices are ...

 

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News – May 18th, 2017

Monster homes threatening suburban housing supply

CTV News

“A lot of people, they wonder why I'm fixing it up because they think they're just going to knock it down,” Sims told CTV Vancouver. “The hope is, with ...

 

Judge denies City of Vancouver application for injunction to remove tent city on Main Street

Vancouver Sun

A judge has denied the City of Vancouver an application for an injunction to ... She said that there was a “desperate” need for housing for homeless ...

 

Bad policy has played a role in Canada's housing crisis

The Globe and Mail

Popular discussions about Canada's housing market focus on affordability. This is indeed a problem – home prices in Toronto and Vancouver have ...

 

Canada's Housing Market Has 30% Chance Of Busting Out: Goldman Sachs

Huffington Post Canada

“In general we do not expect imminent problems in G10 real estate markets, but current imbalances could exacerbate cyclical weakness down the ...

 

 

News – May 17th, 2017

Canada's Housing Market Has 30% Chance Of Busting Out: Goldman Sachs

Huffington Post Canada

New Zealand and Sweden have the highest risk of a housing bust, at 35 to 40 ... is not in Canada's hottest markets -- the Toronto and Vancouver regions -- but ... delivers the news and analysis you need on Canada's housing market.


One-bedroom rent hits new record in May: PadMapper

Business in Vancouver

Apartment building overlooking False Creek in Vancouver. The average cost of both one- and two-bedroom apartments increased in May | ...


$1650 a month for one-bedroom rental is affordable according to City of Vancouver

Vancouver Courier

The benchmark definition of “affordable housing” in Vancouver took an ... Vancouver city council approved more than 200 new rental homes across ...

 

 

News – May 16th, 2017

 

BC home listings fall to 20-year low, real estate association says 

 

Vancouver Sun 

 

Royal LePage says early evidence suggests that the recent correction in Vancouver's housing market may be short-lived. Mark van Manen / PNG.

'The worst scenario': What if Canada's real estate bubble bursts? 

 

CBC.ca 

 

Prices are slowing in Toronto and Vancouver. And Tal says one big difference between today's situation and the U.S. housingcrash is that everyone in ...

 


Can't afford BC real estate? Try winning the PNE prize home being unveiled today 

 

Vancouver Sun 

 

VANCOUVER, B.C.: AUGUST 25, 2015 – The 2017 PNE Prize Home at the PNE in Vancouver, B.C. on August 25, 2015. (Arlen Redekop / PNG) Arlen ...

 

 

News – May 16th, 2017

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News – May 15th, 2017

West Vancouver real estate project closes 'locals only' buying period 

 

The Globe and Mail 

 

She now believes the only way for West Vancouver council to provide housing that locals can afford is by focusing on purpose-built rentals ...


Vancouver House For Sale In Bitcoin A Sign Of Suspicious Activity 

 

Huffington Post Canada 

 

But if this ad is an indicator of anything, it's that foreign buyers are still playing in Vancouver's housing market -- they're just doing it more on the sly ...

 


Average Canadian house worth $559317 last month, up 10% in past year 

 

CBC.ca 

 

Outside Toronto and Vancouver, Canada's housing market is much more stable. Stripping those two cities out of the equation, the national average ...

 

News – May 12th, 2017

Vancouver home price increases spread to surrounding areas at measurable rate 

Business in Vancouver 

Row houses in Richmond. A 1% increase in home prices in Vancouver has been shown to cause a 0.45% jump in prices in Richmond and Burnaby, ...


Moody's downgrades Canadian banks: Beginning of the end for the housing market? 

Globalnews.ca 

... Madani believes that Canada's real estate frenzy will necessarily end with ... Rizvanovic said that a Vancouver-style softening of the housing market ...


The 'spillover effect' is driving up house prices across the Vancouver region and even into the ... 

Financial Post 

The impact of Vancouver's booming housing market can be felt as far away as Kelowna, once you start looking at the long-term impact on the country's ...

 

News – May 11th, 2017

Vancouver real estate magnate donates $12 million in art to the National Gallery of Canada 

CBC.ca 

Sculptures, paintings and mixed media pieces — 197 works in all — have been donated to Canada's National Gallery by real estate marketer and art ...

 

B.C. city now ranks among world's top 2 luxury home markets, and it's not Vancouver

Globalnews.ca 

With Vancouver feeling the effects of a tax on foreign buyers, international investors are turning to pricey real estate in B.C.'s quaint provincial capital.

 

Vancouver home price gains spill over to nearby markets: CMHC 

The Globe and Mail 

Costly housing in the Canadian city of Vancouver has helped drive up prices in nearby cities, the country's federal housing agency said in a report on ...

 

Constructive Comment: Going big with smaller homes 

The Province 

What does this mean for our housing mix in Metro Vancouver? It goes without saying that vibrant communities need people of all ages for long-term ...

 

News – May 9th, 2017

Pipelines and Donald Trump: British Columbia Goes to the Polls 

New York Times 
Soaring Vancouver real estate prices, health care, energy projects, pipelines, grizzly bears and — who else? — President Trump. These are the ...

 

Vancouver applies for injunction to remove 'Ten Year Tent City' 

CBC.ca 

Vancouver is applying for an injunction to shut down a tent city sitting on a ... A spokesperson said those plans include 26 units of social housing for ...

 

News – May 8th, 2017

Letters: Tax-code changes can lower housing prices 

 

Vancouver Sun 

 

So, you think mortgages and rents are high in Vancouver? If the NDP gets elected they'll raise income taxes and sales taxes to pay for all the things ...

 


Spectre of empty houses haunt Canada's two most expensive housing markets 

 

Financial Post 

 

The city of Vancouver examined electricity consumption from 2002 to 2014 and found 4.8 per cent of all housing types were unoccupied and that ...

 

News – May 5th, 2017

Highest priced houses in Metro Vancouver belong to the lowest income earners, study finds 

 

CBC.ca 

 

... believes this discrepancy between incomes and housing prices in Vancouver is the result of the owners of high-priced homes under reporting their ...

 

 

 

BC must reconsider refusal to rebate $2.8 million to TD Bank under little-known tax program 

 

Vancouver Sun 

 

... expansions to the program since 2010 have unleashed a flood of offshore finance that may have pumped up Metro Vancouver's real estate market.

 


Vancouver Real Estate Prices Just Passed An All Time High 

 

Better Dwelling 

 

Vancouver real estate prices continued to climb in April. Latest numbers from the Real Estate Board of Greater Vancouver (REBGV), show the ...

 

 

News – May 4th, 2017

 

Highest priced houses in Metro Vancouver belong to the lowest income earners, study finds 

CBC.ca 

The study — by the consultant group Site Economics Ltd. — took data from the Canada Revenue Agency and the Vancouver Real Estate Board.

Opinion: Shorten timelines, cut costs to encourage more housing

Vancouver Sun 

There's no silver bullet for Vancouver's perennial housing woes. Housing markets are incredibly complex, reflecting the ongoing interaction between ...


Opinion: Vancouver housing can't be both low-density and affordable 

The Province 

If Vancouver City Hall wants to fundamentally improve Vancouver's housing situation, it should focus on building more housing units rather than trying ...

 

 

News – May 3rd, 2017

 

Vancouver home sales slide nearly 26% last month 

 

Globalnews.ca 

 

FILE PHOTO: he Real Estate Board of Greater Vancouver says the number of home sales slid last month by nearly 26 per cent year-over-year while ...

 


Vancouver housing market is rebounding from tax impact, with prices up 5% in three months

 

Financial Post 

 

Postmedia NewsVancouver realtors report a huge swing in demand for condominiums and townhomes with prices for all properties up 5% in three ...

 


Census 2016: High rise apartments booming in Vancouver, Toronto 

 

Globalnews.ca 

 

Fewer than half of dwellings in Vancouver, Montreal, Victoria, Toronto and Quebec City are detached homes. In those cities, low- and high-rise ...

Into unconventional short-term rentals? May want to try The Pickle 

 

Globalnews.ca 

 

It's no secret that buying or even renting an apartment in Vancouver is slowly inching out of reach for some — but now, even the short-term rental ...

 

News – May 1st, 2017

Opinion: BC's surging industrial real estate market a sign of good government 

 

Vancouver Sun 

Demand for industrial space in B.C. has been increasing, spurring new private sector investment across Metro VancouverReal estate services ...


'We're going to have to turn people away soon': Vancouver homeless camp filling up fast 

Vancouver Sun 

The city said staff are working with B.C. Housing to find housing for those ... in a tent at a homeless camp on Main street near National in Vancouver.


Housing talk gets louder and angrier in Vancouver

The Globe and Mail 

Vancouver's real estate market has attracted angry commentary from a wide variety of sources lately, and not just citizen activist groups rallying for ...

 

News – April 28th, 2017

Housing talk gets louder and angrier in Vancouver

 

The Globe and Mail 

Vancouver's real estate market has attracted angry commentary from a wide variety of sources lately, and not just citizen activist groups rallying for ...

 

Vancouver homebuilders drowning in red tape: think-tank report 

CTV News 

That's compared to 18.3 months for West Vancouver and Surrey, at 13.2 months. ... More real estate headlines, photo galleries and video ...

 

Vancouver pre-sale condo market 'incredibly robust' 

Real Estate News EXchange 

Metro Vancouver's pre-sale condo market remains “incredibly robust” with ... Together, they form the largest real estate marketing organization in ...

 

News – April 27th, 2017

Housing, economy, leadership feature in final BC election debate 

CTV News 

B.C. Liberal Leader Christy Clark arrives for a leaders debate in Vancouver, B.C., on Wednesday April 26, 2017. A provincial election will be held on ...

 

CMHC report reveals 'problematic conditions' of Canadian housing market 

Globalnews.ca 

Canada's housing market still shows strong evidence of problematic ... CMHC said there were still strong signs of overvaluation in Vancouver, noting ...

 

Pricey canapés, sweets, meats at Vancouver housing affordability talks raise eyebrows 

Vancouver Sun 

In all, the city spent nearly $90,000 to cater three days of meetings where 391 guests and speakers mulled ideas to pull Vancouver out of its housing ...

 

 

News – April 26th, 2017

Canada's housing market still flashing 'red' warning, but some signs of improvement, say CMHC 

 

 

Financial Post 

 

Canada Mortgage and Housing Corp. says it sees better housing market ... Still on the red list are Victoria, Vancouver, Saskatoon, Toronto and ...

  

While politicians fiddle, home buyers get burned 

 

The Globe and Mail 

 

In other words, housing in Vancouver in the mid-1950s wasn't that much cheaper than it was when I first bought, even though it seemed so at the time.

  

BC construction surges after weak start to year 

 

Business in Vancouver 

After a slow start to 2017, B.C.'s housing construction sector made up ground in March with ... Housing starts in the Vancouver CMA were down 25%.

 

  

News – April 25th, 2017

 

Victoria looks to follow Vancouver on foreign-buyers tax 

The Globe and Mail 

“We think the broader issue is the price of Vancouver real estate versus Victoria … and people's lifestyle decisions to sell their Vancouver property, ...

 

Vancouver buyers continue fueling Kelowna housing market 

Globalnews.ca 

Another real estate giant has released its 2017 spring market trends report and it too confirms that Kelowna's housing market is very robust with sellers ...

 

Opinion: Housing shortages halt high-tech growth 

Vancouver Sun 

Even for high-paid workers, many still can't buy a home in Vancouver or find affordable rentals in a less than one-per-cent vacancy market. Carmine ...

 

Business wrestling with ways to find housing's missing middle 

Business in Vancouver 

The composite diagnosis is that the “missing middle” of housing in Vancouver – basically everything between a detached single-family home and a ...

 

News – April 24th, 2017

 

Beware unintended consequences as governments meddle in real estate: Don Pittis 

 

CBC.ca 

 

... homes, further plugging up the market. There is some evidence this is exactly what happened following new real estate restrictions in Vancouver.

 

 

 

Vancouver housing crash unlikely in the near term: RBC 

 

Business in Vancouver 

 

Affordability in Vancouver has improved slightly following the implementation of the foreign-buyer tax in August, but it remains a “major vulnerability” in ...

 

 

 

Lost in housing hysteria, middle-class neighbourhoods have gone extinct 

 

The Globe and Mail 

 

And while an apartment or townhouse in Manhattan or central London will cost more in dollars or pounds than one in Vancouver or Toronto, both ...

 

 

 

Canadian housing optimism hits record amid moves to cool Toronto 

 

The Globe and Mail 

 

Similar moves in Vancouver last year helped slow rapid gains. ... Outside of the housing market, consumer sentiment may also be getting a lift from a .

 

News – April 21st, 2017

Five things: Comparing Ontario's and BC's 15 per cent non-resident real estate tax 

Vancouver Sun 

... professor at Simon Fraser University, who has been outspoken about the impact of foreign money on real estate markets in Vancouver and Toronto.

 

Vancouver's presale condo market reaches fever pitch 

The Globe and Mail 

Vancouver's presale condo market is in need of regulation and transparency, say realtors whose clients are being routinely shut out of the frenzied ...

 

'This — is — nuts': Why hundreds lined up to see a $1200 two-bedroom co-op suite 

CBC.ca 

Members of a Vancouver housing co-op say an inadvertent error may have led hundreds of people to line up to view a two-bedroom suite. But co-op ...

 

BC party leaders' housing-affordability promises pose dilemma for renters 

The Globe and Mail 

B.C.'s provincial candidates have made it no easy task for Vancouver renters to decide who to vote for based on their party's housing-affordability ...

 

 

News – April 20th, 2017

Foreign buyers tax, expanded rent control coming to Ontario 

 

CBC.ca 

 

CBC News has obtained information on several of the measures in the provincial government's strategy to rein in housing costs. The information ...

 

 

New Strathcona library and social housing complex opens 

 

Vancouver Courier 

 

The library and social housing complex is the result of a partnership between the Vancouver Public Library, YWCA Metro Vancouver and the City of ...

 

 

Vancouver is world's 10th-best city for millennials: study 

Globalnews.ca 

 

Vancouver is the world's 10th-best city for millenials if you ask Nestpick, a website for apartment hunters. The German-based online housing platform ...

 

Questions over fairness and merits of Vancouver empty homes tax 

Vancouver Sun 

 

 

Questions over fairness and merits of Vancouver empty homes tax ... from a detached house in Vancouver to a 700-square-foot condo not far away.

 

News – April 19th, 2017

Vancouver housing forum agrees on need for action amid scalding market 

The Globe and Mail 

The Vancouver Police Department no longer has a standing requirement that potential new recruits must have lived outside their parents' home for a ...

 

Vancouver real estate could experience 'market whiplash' as home sales jump: report 

Globalnews.ca 

Just when prospective homebuyers thought they might find some relief in Metro Vancouver's real estate market, a new report suggests that while the ...

 

Fewer condos, more space for families: board of trade on affordable housing 

CTV News 

One of the keys to unlocking Metro Vancouver's housing affordability crisis is a focus on building more space for middle class families, the Greater ...

 

News – April 18th, 2017

Should Toronto borrow from Vancouver's real estate playbook? 

CTV News 

The measure to clamp down on real estate investors is expected to be part of ... 28.5% increase in Toronto; 12.8% increase in Vancouver over 1-year ...

 

Vancouver Could Become Canada's 1st City Without A Downtown Gas Station 

Huffington Post Canada 

Vancouver's second-last downtown gas station sold to a development ... Condos and apartment buildings are seen in downtown Vancouver on Feb.

 

Early signs that Vancouver housing market correction may be over: Royal LePage 

Vancouver Sun 

In the Greater Vancouver area, the price of a home rose 12.3 per cent ... introduced a 15 per cent tax on foreign nationals buying real estate in the city.

 

RED Talks to Vancouver: build, baby, build 

Business in Vancouver 

That was the chorus from a trio of speakers at the recent RED (Real Estate Development) Talks in Vancouver that addressed solutions to Vancouver's ...

News – April 13th, 2017

 

Fact Check: BC Greens housing plan 

 

Vancouver Sun 

 

A $1.7-million North Vancouver house would today pay PTT of $32,500 (1.9 per cent); under the Green plan it would pay $59,500 (3.4 per cent).

 

 

 

Infill homes ease housing demand, report finds 

 

Burnaby Now 

 

The 2017 Housing Approvals Study issued jointly by the Greater Vancouver Home Builders' Association and Landcor Data Corporation cites ...

 

 

 

Homelessness grows by 25 per cent in New West 

 

The Record (New Westminster) 

 

Overall, the 2017 homeless count in Metro Vancouver found 3,605 ... of supportive housing units, not only in New Westminster, but across the Metro ...

 

 

 

B.C. real estate activity slumps by $7 billion as Ontario watches and ponders own solution 

 

Financial Post 

 

Ontario politicians continue to watch the British Columbia housing market, in particular Vancouver, closely, as they consider measures to cool the ...

 

News – April 12th, 2017

 

Metro Vancouver homelessness intensifies by 30% - report 

Mortgage Broker News 

Metro Vancouver homelessness intensifies by 30% - report In its latest report, the BC Non-Profit Housing Association found that homelessness in the ...

 

U.S. economist who foresaw 2008 housing collapse issues dire warning on Vancouver real estate

MetroNews Canada 

Renowned author of The Bubble and Beyond calls for dramatic property tax shift as election kicks off with housing a top issue, according to polls.

Repeat sales prices of single-family homes increase in March: Teranet 

Business in Vancouver 

Teranet's figures differ from data released by the Real Estate Board of Greater Vancouver and the British Columbia Real Estate Association because ...

 

News – April 11th, 2017

Last gas: Vancouver's sole remaining downtown gas station for sale 

CTV News 

Last gas: Vancouver's sole remaining downtown gas station for sale ... however, Vancouver's sky-high real estate prices enticed them to sell. "There's ...

 

Vancouver Real Estate Forum attracts 1100+ CRE reps 

Real Estate News EXchange 

The Vancouver Real Estate Forum is the only place to be Tuesday for more than 1,100 commercial real estate professionals with West Coast interests.

 

Vancouver Real Estate Prices March 2017 

Better Dwelling 

Bubble talk in the Vancouver market didn't seem to affect real estate buyers in March. According to the Real Estate Board of Greater Vancouver ...

 

As homelessness rises in Metro Vancouver, advocates call for more rental housing units 

Straight.com 

There's been a 30 percent increase in homelessness in the Lower Mainland over the past three years, according to numbers released today.

 

News – April 7th, 2017

RBC head 'increasingly concerned' about housing markets in Toronto, Vancouver

Toronto Star 

Royal Bank CEO said a single solution to Toronto and Vancouver's real estate market situation is unlikely to be unsuccessful. (Frank Gunn / The ...

 

Housing affordability has eased in Vancouver for the first time in three years: RBC 

BuzzBuzzNews 

“It is still very much a stretch, particularly for first-time homebuyers, to get into the Vancouver market,” he adds. Condo affordability in Vancouver is not ...

 

Multimillion dollar Vancouver land swap scrutinized 

CBC.ca 

If you look back five years, anyone in real estate in Vancouver would have regrets about selling five years ago, obviously. The value of real estate has ...

 

News – April 6th, 2017

 

Tax cools real estate sales – but not prices 

Burnaby Now 

The B.C. government's foreign buyers' tax has stalled the volume of real ... according to statistics from the Real Estate Board of Greater Vancouver

Metro Vancouver calls for changes to property tax calculations 

 

Vancouver Sun 

 

FILE PHOTO Port Coquitlam mayor and Metro Vancouver chair Greg Moore (left) want the B.C. government to change the way it calculates property ...

 

Richard Florida: Vancouver's new urban crisis 

 

The Province 

 

Housing in Vancouver may not be as expensive as cities like London or N.Y. But, the rule of thumb is that an affordable house should cost roughly ...

 

News – April 5th, 2017

Fewer listings, strong demand boosts Metro Vancouver real estate

CTV News 

VANCOUVER - Home sales in Metro Vancouver are bouncing back after a dismal February, but the Real Estate Board of Greater Vancouver says ...

 

Toronto home prices soar a record 33%, pushing average house to $916000 

Financial Post 

Vancouver, formerly Canada's hottest housing market, saw benchmark home prices rise 13 per cent last month from a year ago, the Real Estate Board ...

 

One in five B.C. citizens' emails to the province about real estate expressed racism towards Asians 

Straight.com 

... to the issue of “foreign buyers, foreign owners, foreign money and/or foreign investment and Vancouver real estate” covering that 12-month period.

 

Average sale prices for condos outside Vancouver showing double-digit gains 

Vancouver Sun 

quipped Steve Saretsky, a Vancouver real estate agent who specializes in condos. Other agents also say that while condo sales in the city and other ...

 

News – April 4th, 2017

Analyzing Vancouver Real Estate and Population Growth 

Better Dwelling 

So here's a brief intro on how to get started with analyzing Vancouver's projected population, and how it can impact real estate buyer flows.

 

Vancouver sticker shock sends ripple effects across BC 

Business in Vancouver 

The numbers are stark: while benchmark house prices in the Real Estate Board of Greater Vancouver's area rose 17.8% in 2016 to $897,600, the ...

 

Anthem Properties buys West Georgia Street Chevron for $72 million 

Business in Vancouver 

“It was one of the highest performing sites in our network in B.C. but, given the vibrant real estatemarket in Vancouver, we made the decision last year ...

 

News – April 3rd, 2017

 

New mixed-use development proposed for Vancouver's west side 

 

Vancouver Sun 

 

Reilly Wood, a housing advocate with Abundant Housing Vancouver, is urging people who need housing and support west-side zoning alternatives to ...

 

 

 

Vancouver's Foreign Buyer Tax Didn't Stop Real Estate Sales, China Did 

 

Better Dwelling 

 

Think the foreign buyer tax reduced sales of Vancouver real estate? ... It would be nice if that tax was being used to fund affordable housing, like in ...

 

 

 

Fintrac cut reference to 'ethnic communities' in warning to real estate industry 

 

CBC.ca 

 

For instance, reports of money flowing into Vancouver's housing market from China have resulted in some Vancouverites blaming the Chinese for ...

 

 

 

News – March 31st, 2017

 

Metro Vancouver cities werent prepared for housing price shock 

MetroNews Canada 

Metro Vancouver's municipal governments were not prepared for the massive spike in housing and rent rates that hit the region starting in 2015.

 

Three transit-oriented communities in Metro rival Coal Harbour for empty or underused housing

Vancouver Sun 

The towers of the Marine Gateway area have risen around the Canada Line's Marine Drive station in south Vancouver. Arlen Redekop / PNG files.

 

Vancouver housing affordability improved in Q4, but not for condos: RBC 

Business in Vancouver 

According to RBC's Housing Trends and Affordability report released March 30, it was more difficult to afford a condo in the Vancouver area in Q4 than ...

 

News – March 30th, 2017

 

Five ways to cool Canada's burning-hot real estate market 

CanadianBusiness.com 

Animal spirits still rule Canada's real estate scene, working urban markets into ... Toronto and Vancouver are by far the country's most heated housing ...

 

City of Vancouver looks to 'reset' housing strategy to better address affordability crunch 

Globalnews.ca 

WATCH: Wed, Mar 29: With nearly 50,000 Vancouver renters recently spending more than 30 per cent of their income on housing, the city is poised to ...

 

Toronto Mayor Tory open to vacant house tax on speculators 

The Globe and Mail 

Vancouver recently implemented a vacant home tax. ... And he urged the real estate industry and the province to look at reforming the rules that ...

 

News – March 29th, 2017

 

Rising housing costs may price many out of Vancouver: report 

The Globe and Mail 

Vancouver had almost 10,000 new homes under construction in 2016, ... say Vancouver needs to take a stronger role in shaping its housing supply for ...

 

Vancouver council to debate housing strategy 'reset' today 

CBC.ca 

Vancouver City Council will begin debating a self-proclaimed "reset" of the city's housing strategy today that aims to tackle the problems with ...

 

NDP would expand BC's foreign buyer tax 

Business in Vancouver 

Based on real estate board figures, the tax has wiped $2 billion in equity out of the Metro Vancouver housing market, or about twice what B.C.'s ...

 

Booming market leaps over BC Liberal speed bumps 

Business in Vancouver 

BIV subsequently found that Metro Vancouver developers saw vague ... Affordable housing for civic workers has been a hot topic in Vancouver – long ...

 

Vancouver Rents Increase At Twice The Rate of Wages 

Better Dwelling 

Soaring real estate prices, and scarce rental inventory helped drive the median rental price of one bedrooms higher. Here's the best, and worst metrics ...

 

 

News – March 28th, 2017

 

City of Vancouver forecasts new demand for 47800 rental and ownership housingunits by 2026 

Straight.com 

“The Right Supply of housing for local residents is urgently needed,” Llewellyn-Thomas wrote. “A new housingstrategy for Vancouver will require ...

 

China's artificial intelligence sector in danger of becoming a 'bubble', experts warn 

Business in Vancouver 

In 2016, the average length of stay at corporate housing units in Vancouver was 64 days, according to the annual report from the Corporate Housing ...

 

Vancouver luxury real estate market faces skepticism 

HiBusiness (blog) 

Recent data shows that several government intervention strategies to cool down housing prices in Vancouverhave resulted to insignificant levels of ...

 

News – March 27th, 2017

 

American housing activist looks to shake up Vancouver audience 

Vancouver Sun 

Daniel Oleksiuk, co-founder of Abundant Housing Vancouver, said council needs to get the message that there is a housing crisis in the city and ...

 

Homeowner hopefuls are fleeing Lower Mainland's housing crunch 

The Globe and Mail 

David Repa recalls the shock he felt sitting down at a bank after selling his Vancouver business in 2013 and realizing for the first time how much of “a ...

 

Vancouver luxury real estate market faces skepticism 

HiBusiness (blog) 

Recent data shows that several government intervention strategies to cool down housing prices in Vancouverhave resulted to insignificant levels of ...

 

News – March 24th, 2017

 

Chinese buyers shift interest in Canadian property due to tax 

Global Times 

Fewer Chinese prospective buyers are considering Vancouver properties in the Canadian province of British Columbia ... following its implementation eight months ago of a 15-percent tax on foreign residential real estate buyers.

 

As Seattle market mirrors Vancouver's, housing experts search for answers 

The Globe and Mail 

It also offers real estate services, connecting real estate agents and lenders ... In Vancouver, the median family income is $67,000 and the average ...

 

Vancouver is the 39th most expensive city in the world, according to The Economist 

Montreal Gazette 

While Vancouver real estate has soared during the last decade — the average price of detached home is $3.94 million on the city's west side and $1.4 ...

 

Huge balloon sculpture coming to Vancouver for real estate talks 

Daily Hive 

Artist Jihan Zencirli will be giving the Vancouver Playhouse Theatre a bubbly makeover.

 

News – March 23rd, 2017

 

Federal housing strategy is a big deal, say BC experts 

MetroNews Canada 

At first glance, the money earmarked for a new national housing strategy in the federal budget seems underwhelming: $1 billion a year over the next ...

 

BC will fight to get 'more than our fair share' of $11.2-billion federal housingbudget 

Vancouver Sun 

Vancouver's first modular housing project opened in February, the first of ... from the federal government's housing budget announced Wednesday.

 

'Unprecedented uncertainty' in Vancouver, Canadian high-end real estate market, Sotheby's says 

Vancouver Sun 

Recent government regulations have created "unprecedented levels of uncertainty" for the high-end home market heading into the key spring buying ...

 

News – March 22nd, 2017

'Unprecedented uncertainty' in Vancouver, Canadian high-end real estate market, Sotheby's says

 

Vancouver Sun

 

Recent government regulations have created "unprecedented levels of uncertainty" for the high-end home market heading into the key spring buying ...

 

Commercial real estate sales spike in BC

Globalnews.ca

 

VANCOUVER – A shortage of land and a growing economy fuelled a 47-per-cent surge in the value of commercial real estate sales across British ...

 

Foreign buyers big spenders in West Van prior to 15 % tax

 

North Shore News

 

Foreigners bought almost 24 per cent of West Vancouver real estate sold in the weeks before the province brought in its 15 per cent foreign buyers tax ...

 

News – March 21st, 2017

 

Christy Clark's house of cards could fall as housing prices, foreign ownership rise in Vancouver ...

24 Hours Vancouver

New highrise housing in the Yaletown area of Vancouver are pictured in ... Vancouver – which has the English-speaking world's third worsthousing ...

 

Would a tax on house-flippers cool off the GTA housing market?

CityNews

The definition of “affordable” is expanding as Toronto's housing market ... He notes that housing prices have started to creep back up inVancouver, ...

 

Downtown Eastside homelessness reaching crisis levels: Carnegie report

Vancouver Sun

Homelessness in Vancouver's Downtown Eastside is reaching crisis levels with few ... to the Carnegie Community Action Project's (CCAP) hotel and housing report ... Forty years ago, we hardly had any homeless in Vancouver.”.

 

Lower Mainland commercial real estate sales jump 47 per cent

The Globe and Mail

Figures released Monday by the Real Estate Board of Greater Vancouver show sales involving commercial real estate reached nearly $13-billion last ...

 

News – March 20th, 2017

 

Opinion: For more affordable housing, start by building smaller

Vancouver Sun

Well, Metro Vancouver is obviously in a housing crisis where young families who overwhelmingly prefer single ... Take a look at the real estateads.

 

How to successfully scale your business in a competitive market

Business in Vancouver

We spoke to Cheung to see what it was like to launch and scale a company in one of Vancouver's most competitive and mature markets: real estate ...

 

Daphne Bramham: 'Third housing sector' would make Vancouver more affordable for middle class

Vancouver Sun

Even with the slight moderation of Vancouver's housing prices following the imposition of taxes on foreign buyers and empty homes, the stark reality is ...

 

 

News – March 17th, 2017

 

Vancouver still has the highest average rent in Canada

Vancouver Courier

Apartments in downtown Vancouver. The average rent for both one- and two-bedroom apartments remained unchanged in March. Photo Dan ...

 

UBC wins Coquitlam Central station plan contest

Real Estate News EXchange

TransLink, Metro Vancouver's regional transit authority, and the Commercial Real Estate Development Association (NAIOP) Vancouver, co-hosted the ...

 

Vancouver foreign buyer tax has not pushed Chinese homebuyers to Seattle: Zillow

BuzzBuzzNews

Despite many predictions of a surge in Chinese homebuyers focusing their interest to Seattle's housing market, Senior Economist of the real estate ...

 

Dragons at luxury Vancouver condo project in Chinatown summon subject of 'intentional ...

Straight.com

Mythical creatures are found in projects by developer James Schouw, like this one on the Grace, a boutique condo on Richards and Drake streets.

 

News – March 16th, 2017

 

Vancouver real estate sales remain cool

Vancouver Courier

The real estate market in Vancouver has not picked up any steam since it slowed down in the middle of 2016 in part due to a foreign-buyer tax ...

 

Flow of lawsuits continues at Trump tower in Vancouver

Business in Vancouver

The long delayed Trump International Hotel & Tower Vancouver officially ... Canadian Property Holdings Inc. and Canadian Real EstateInvestment ...

 

Vancouver Detached Inventory Falls In February, But Not As Fast As Sales

Better Dwelling

Vancouver real estate is still undecided on where it's heading, according to numbers from the Real Estate Board of Greater Vancouver (REBGV).

 

News – March 15th, 2017

 

Vancouver's foreign buyers are buying in Seattle 

 

Curbed Seattle 

 

It has taken less than a year for a new player to accelerate Seattle's housing market: Seattle real estate is becoming popular for foreign buyers after a ...

 

Housing market fires on 3 cylinders: Toronto, Hamilton, even Vancouver

 

The Globe and Mail 

 

Canada's housing market is firing on three cylinders, surprisingly including Vancouver, and setting fresh records for the month of February.

 

 

 

Foreign buyer tax alone won't cool down scorching Toronto housing market: report 

 

Globalnews.ca 

 

Foreign buyer tax alone won't cool down scorching Toronto housing ... VIDEO: Vancouver's tax on foreign buyers has cooled the B.C. real estate ...

 

News – March 14th, 2017 

 

Housing market fires on 3 cylinders: Toronto, Hamilton, even Vancouver

The Globe and Mail 

We'll get further evidence on Wednesday when the Canadian Real Estate Association releases its monthly sales report. We already know from ...

 

Metro Vancouver repeat home sales prices up in February: Teranet 

Business in Vancouver 

Teranet's figures differ from statistics released by the Real Estate Board of Greater Vancouver and the British Columbia Real Estate Association ...

 

Is the Vancouver real estate market being affected by restrains on Chinese investors? 

HiBusiness (blog) 

Vancouver home prices are still on the decline six months after a 15% tax was imposed on foreign buyers to put the housing bubble under control.

 

Vancouver renters facing huge rent hike have law on their side, advocate says 

CBC.ca 

"The driver for rent increases is tax increases in the City of Vancouver, ... "We have condos going up on lands where they could have built apartment ...

 

News – March 13th, 2017

  

'This is Vancouver deja-vu': How Seattle's housing market is making way for foreign buyers 

 

CBC.ca 

 

It's been six months since the provincial government introduced a foreign buyers tax to cool the hot housing market — and scores of Seattle Realtors ...

 

Vancouver West End renters shocked by proposed monthly increase to rent 

 

CBC.ca 

 

Darlene Lofgren has lived in a two-storey walk-up apartment in Vancouver's West End for the past 17 years, but now she's worried if she'll be able to ...

 

 

 

Rob Shaw: BC to tweak foreign buyer tax, but affordability remains elusive 

 

Vancouver Sun 

 

There's no shortage of additional tax reforms the province could pursue to “finally get serious about Metro Vancouver's housing crisis,” as my ...

 

 

 

News – March 10th, 2017

 

Vancouver to test ways to speed up approval of development permits 

Vancouver Sun 

“I appreciate the patience of all those who are struggling to get places built, get housing done and job spaces built on a timeline, when it's so busy ...

 

Canadian new home prices rise in January, lifted by Toronto market 

The Globe and Mail 

Vancouver was one of the laggards, down 0.1 per cent, though prices were up 3.6 per cent compared to the year before. Housing activity in the once ...

 

Vancouver warns homeowners of pending empty homes tax 

MetroNews Canada 

Council brought in the tax last year to help combat the city's low rental-housing vacancy crisis by encouraging homeowners to bring some of the city's ...

 

News – March 9th, 2017

 

Vancouver Real Estate Forum focuses on the future 

 

Western Investor (subscription) 

 

The Vancouver Real Estate Forum will focus on the future of the market after a tumultuous 2016, offering predictions and advice on how to approach ...

 

 

 

New forecasting tool by UBC predicts Vancouver houses at risk of teardown 

 

Canadian Architect 

 

New forecasting tool by UBC predicts Vancouver houses at risk of teardown ... Given the recent rapid rise in Vancouver real estate values, half of ...

 

News – March 8th, 2017

 

Vancouver's character houses could turn into multi-unit homes 

Vancouver Courier 

Geoff Meggs said he was concerned that creating affordable housing options — by allowing owners of character homes to increase their floor size ...

 

41% of Chinese buyers say they want Toronto real estate for schooling: study 

CBC.ca 

It found that housing needed for educational purposes was the most cited ... cent for Toronto, 25 per cent for Vancouver and 34 per cent for Montreal.

 

No more housing rule changes, mortgage group urges federal government 

CBC.ca 

Worse still, Taylor said Tuesday, is that the new rules have done nothing to cool the housing markets in hot places like Toronto and Vancouver, while ...

 

News – March 7th, 2017

 

Chinese interest in Vancouver real estate not limited to high-end sector: report 

Business in Vancouver 

Homebuyers from China are often cited as major participants in Vancouver's luxury real estate market, but a new study from Sotheby's Canada and ...

 

Metro residential sales set to spring forward after winter slump 

Business in Vancouver 

By the time this column appears, Real Estate Board of Greater Vancouver (REBGV) statistics will be available for February. Should historical patterns ...

 

Vancouver mayor hints at future of mixed housing in single family neighbourhoods 

CBC.ca 

As the City of Vancouver's review of how to protect pre-1940s homes in Vancouver continues, it appears Mayor Gregor Robertson is supportive of ...