News

 

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.”

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(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.

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(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.

 

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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. 

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Rendering of Grosvenor Pacific Vancouver tower at Pacific and Hornby.

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Rendering of Grosvenor Pacific Vancouver tower at Pacific and Hornby.

The Pacific by Grosvenor details:

  • one, two, three and four bedroom homes
  • custom Italian kitchen and bathroom cabinetry by Snaidero
  • Floor-to-ceiling windows and outdoor living areas designed for entertaining

The development also includes the restoration of the Leslie House, a heritage home on the site that was built in 1888. It’s one of the oldest surviving examples of a ‘cottage’ Queen Anne Victorian house in Vancouver, and was formerly home to Il Giardino restaurant.

(Source from 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

Introduce Presale 567 CLARKE + COMO

567 CLARKE RD, COQUITLAM, BC

567 Clarke + Como is a residential, 49- storey, concrete building located on the corner of Clarke Road and Como Lake Avenue in the Burquitlam Neighbourhood Centre. This development will offer 364 homes with a mix of 1 to 3 bed + den bedroom homes. Coquitlam's tallest tower will boast over 20,000 sf of indoor and outdoor amenities and access to the Evergreen Line Skytrain directly across the street.

Please contact Charlie Kim for more info

tower web 01 compressed

 

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 ...

 

Vancouver mulls letting landlords add floors to old apartment buildings 

The Globe and Mail 

It is a way to add more housing in Vancouver's apartment zones, but one that would not not result in wholesale demolition of old buildings and ...

 

News – March 6th, 2017

 

Rob Shaw: Finance minister wants 'reasonable' deadline for municipal housing approvals 

 

Vancouver Sun 

 

The City of Vancouver — which Housing Minister Rich Coleman took a swipe at for delays last week — believes it has enough planners. Mayor Gregor ...

  

Victoria real estate sees influx of offshore buyers – from Vancouver

 

The Globe and Mail 

 

The new arrivals making the trip across the Strait of Georgia to Vancouver Island have helped push up housingprices to record highs in British ...

 

Victoria real estate sees influx of offshore buyers – from Vancouver

 

The Globe and Mail 

 

“Our offshore market is Vancouver. It has been for the last year,” Victoria Real Estate Board president Ara Balabanian said in an interview. “We've ...

 

Proposed class action against BC says foreign-buyers' tax unconstitutional 

 

Vancouver Sun 

 

The B.C. government introduced the foreign-buyers' tax last summer in an effort to quell Metro Vancouver'soverheated real-estate market, which saw ...

 

News – March 2st, 2017

 

Vancouver mayor emphasizes new approach to create affordable housing

The Globe and Mail 

He emphasized Vancouver is going to take a new approach with a revamped housing plan this year, in part because he has been hearing from so ...

 

Another of Canada's big bank CEOs is warning about housing market corrections 

Financial Post 

A few days earlier, the head of Canada's largest bank said it was time to consider bringing measures that cooled Vancouver's sizzling housing market ...

 

North Vancouver city council triples homes per lot 

Vancouver Courier 

North Vancouver city council triples homes per lot ... “Maybe we can look at housing people as a priority as opposed to housing our cars,” said Mayor ...

 

News – March 1st, 2017

 

What kind of home will $770K buy? It all depends on where you want to live 

CBC.ca 

There are some in nearby communities such as Surrey, but if you want to be in Vancouver, close to downtown, you'll be looking at a condo.

 

Possible Vancouver housing market corrections a concern, says Scotiabank CEO 

Vancouver Sun 

"Trees don't grow to the sky and markets will correct at some stage here," says Scotiabank CEO Brian Porter. Jonathan Hayward / THE CANADIAN ...

 

Liberal budget offers no bold solutions to BC's real estate challenges 

Business in Vancouver 

Liberal budget offers no bold solutions to B.C.'s real estate challenges ... Regionally, foreign participation in Metro Vancouver stabilized at 4.1% of ...

 

News – Feb 28, 2017

 

City's 'green' bylaw will add more costs to new homes 

 

Business in Vancouver 

Vancouver's new green buildings rezoning policy, which comes into force May 1, will drive new home prices higher. It could also change the look of ...

 

 

Alternative fact? Trump Org. tweets strange claim about Vancouver tower 

 

CTV News 

 

Trump Org. tweets strange claim about Vancouver tower ... false; dozens have opened up in recent years amid Vancouver's real estate boom.

 

 

In rental crisis, BC has no plan for housing foreign students: Critics 

 

Vancouver Sun 

 

That has many people worried in Metro Vancouver, which is the chosen city for four out of five B.C. foreign students and where municipal politicians ...

 

 

News – Feb 27, 2017

 

 

 

Businessman from China investing in Vancouver real estate ordered to repay millions 

 

CBC.ca 

 

In what's being described as a landmark case, a businessman accused of disappearing from China, after withdrawing a loan there equivalent to $10 ...

 

 

 

Toronto's housing market may need a Vancouver-style cooling: RBC 

 

The Globe and Mail 

 

Vancouver, once Canada's fastest-paced home market and now ... The Toronto Real Estate Board said this month that buyers should expect ...

  

Homes under $1 million in Vancouver are virtually extinct 

 

Globalnews.ca 

 

BC Assessment says the value of all residential real estate in Vancouver increased by over 32 per cent between 2016 and 2017 and is now valued at ...

 

News – Feb 24, 2017

 

Nearly all detached homes in Vancouver assessed at $1-million or more 

The Globe and Mail 

Vancouver is edging close to having 100 per cent of its detached houses ... Even with Vancouver's real estate market cooling off over the past six ...

 

Vancouver's endangered demographic: Millennials consider leaving the city 

Vancouver Sun 

“It focused on affordability in Vancouver and how, for example, getting by is ... of pre-tax income, not including utilities, insurance and property taxes.

 

 

News – Feb 23, 2017

 

Another new condo building proposed for Vancouver's quickly-changing Chinatown 

urbanYVR (blog) 

The City of Vancouver has received a development permit application for a 50′ wide lot at 129 Keefer Street. The rectangular lot is located in ...

 

Doctors, lawyers, computer programmers and accountants can't afford to buy a home in Vancouver

MetroNews Canada 

The average home price Point2Homes uses is for Greater Vancouver, and includes all housing types: detached homes, townhouses and condos.

 

Toronto's runaway housing market heading for paralysis, economists warn 

The Globe and Mail 

Toronto's real estate market is heading toward a state of paralysis, says Chris Kapches, president and chief executive officer of Chestnut Park Real ...

 

News – Feb 22, 2017

 

Vancouver's Condo Market Sees A Price Increase In January 

 

 

Better Dwelling 

 

Vancouver real estate has been on a bumpy ride the past few months, but condos may have started a diverging path. According to stats from the Real ...

  

'Virtual realty' delivers BC property to foreign buyers 

 

Business in Vancouver 

 

Free cookies and open houses might not cut it anymore for Vancouver real estate professionals trying to entice potential buyers who are increasingly ...

 

BC offers tax cuts in provincial budget 

 

Vancouver Sun 

 

... by $52 million in 2017/18, as the property transfer tax cools alongside Metro Vancouver's real estate market, declining 23.9 per cent to $1.5 billion.

 

News – Feb 22, 2017

 

[월드 톡톡] IT 산실 실리콘밸리, 캐나다 밴쿠버로 이사 가나

트럼프 탓에 인재 이탈 우려… IT 기업들의 이민 문의 폭주
아마존 등은 캐나다에 자회사

 

캐나다 밴쿠버의 사업가 마이클 티펫은 이달 초 '트루 노스 벤처스(True North Ventures)'라는 사업을 시작했다. 미국 캘리포니아주(州) 실리콘밸리의 정보기술(IT) 전문가들에게 캐나다 내 이민 전문 변호사들을 소개해주고, 이들이 캐나다에 정착하는 것을 돕는 중개 서비스다. 이 사업은 지난달 27일 도널드 트럼프 미국 대통령이 이슬람 7국 국민의 미국 입국을 일시 제한하는 '반(反) 이민' 행정명령을 발동한 직후 시작됐는데, 1주일 만에 문의 전화가 100통이 넘게 걸려왔다고 파이낸셜타임스(FT)가 20일(현지 시각) 보도했다. 티펫은 "트럼프 행정부는 '미국 우선'을 외치지만, 정작 이득을 보는 건 캐나다"라며 "아메리카 퍼스트(America first·미국 우선주의)가 아니라 밴쿠버 퍼스트인 셈"이라고 했다.
FT에 따르면 이민자 인력에 의존하는 실리콘밸리 기업들이 트럼프 대통령의 반이민 개혁에 맞서 미국을 떠나 캐나다로 몰리고 있다. 트럼프가 반이민 행정명령에 이어 외국인의 취업 비자 프로그램인 'H1-B'에도 칼을 빼 들것으로 보이자, 이들이 아예 캐나다로 터를 옮기고 있는 것이다. 지난해 기준 실리콘밸리의 이민자 비중은 37.4%에 달한다.
캐나다는 유리한 입지 조건으로 실리콘밸리에서 빠져나오는 기업들을 유치하고 있다. 개방된 이민 정책 덕에 외국 출신 전문 인력들이 취업 비자를 얻기 쉬울 뿐 아니라, 사무실 임대료와 인건비는 실리콘밸리의 절반 수준이다. 정부 차원에서 기업의 연구·개발(R&;D) 프로그램에 대한 재정적 지원책도 갖고 있다. 이미 아마존·마이크로소프트 등 미국의 대표적인 IT 기업들은 밴쿠버에 자회사를 유치하고 수백명을 고용하고 있다. 그레고어 로버트슨 밴쿠버 시장은 "현재 밴쿠버 IT 분야 일자리는 약 7만5000개에 달한다"며 "과거 캐나다를 먹여 살린 것이 천연자원이었다면, 이젠 기술산업이 일자리를 만들 것"이라고 했다.

 

2017022200213 0

출처 : http://news.chosun.com/site/data/html_dir/2017/02/22/2017022200213.html

 

Has Vancouver's booming tech sector turned us into Silicon Valley North?

New ranking of fastest growing companies in Canada show several are in Vancouver and they're all web-based

By Lien Yeung, CBC News 

 

Vancouver tech companies have come out on top in a new ranking of Canadian businesses. But, despite the wave of good news for the industry, some say it's still too soon to call Vancouver Silicon Valley North. Based on submissions sent to business publication Profit, Vancouver companies Canada Drives and Buyatab are two of the top three fastest growing companies in the country — and both are online businesses.

The top ranked start-up, Shoes.com, also calls Vancouver home. Despite this news and an influx of major players like Amazon and Microsoft expanding into the city, tech investor Boris Wertz says the growth of Vancouver's tech sector isn't unique.

"I think we've done well, but I wouldn't say that we've done better than anybody else," he said. "We've just ridden off a trend of tech becoming more important." After building and selling a company to Amazon in 2008, Boris Wertz has focused on investing in early stage start-ups as a venture capitalist. (Cliff Shim/CBC)

He says the industry has grown at a healthy pace relative to the size of the city, much like larger cities such as Seattle or Toronto.As someone who splits his time between Vancouver and San Francisco, he says it's challenging to compare any city to the unique nature of Silicon Valley. "It's the best tech ecosystem in the world," he said. "You can't really copy the Valley. You can't really compete with the Valley. They're on a different level." Instead, he suggests the city and province focus on its competitive advantages as a livable city with high-caliber talent.

From 6 to 200 employees

It's those qualities that drew companies like Canada Drives to Vancouver. Born in Salmon Arm, B.C., founder and CEO Cody Green started the online auto financing company in Saskatoon after working as a car salesman.Cody Green, 31, completed an education in music with plans to become a bass guitarist. He ended up the CEO of an online financing company. (Simon Charland / CBC)Two years ago, with six employees in tow, he decided to move the business and chose Vancouver.Now 31 years old, Green says he knew it was a "great city to live in" but hoped it would give his company a competitive edge."We also wanted to tap into the rich tech sector in Vancouver as we knew technology was going to play a big part in our growth in the future," he said. "This seemed like a natural place to do it from."Two years later, his downtown Vancouver office is buzzing with nearly 200 employees sprawled across two floors.He says he hasn't had time to reflect on his success but knows he has no intention of leaving the city.There are challenges though, as Green admits recruiting high-level professionals like engineers has been very competitive, making it tough to grow the business.

Provincial focus

B.C.'s technology minister, Amrik Virk, says he is trying to address those concerns, which are shared by other tech companies in the city.He says the province has introduced mandatory skills like coding in elementary and high schools while providing financial support for paid internships at the post-secondary level at tech companies.

 

Canada Drives offices

The nearly 200 employees at Canada Drives takes up two floors in a downtown Vancouver office building. (Simon Charland / CBC)

 

The government is also looking to introduce a new $100 million fund for B.C. based start-ups in the next couple of weeks, and is trying to help open doors to foreign markets.All of this will take time, says Virk, but the boom in the tech industry will likely make it hard to ignore.According to figures released by the provincial government, tech now employs more people than the mining, oil and gas and forestry sectors combined.​As for the Silicon Valley North comparisons, Virk says B.C. won't be branding itself as that anytime soon. He'd prefer the province emphasise its unique characteristics and just be known as "B.C. tech."

 

News – Feb 21, 2017

 

One-quarter of Vancouver homes could be torn down by 2030, UBC study finds 

Vancouver Sun 

Given the recent, rapid rise of Vancouver real estate values, half the single-family homes in the city already have relative values below 7.5 per cent, ...

 

Vancouver housing affordability not expected to improve: UDI 

Business in Vancouver 

Townhouses in Burnaby. As of the end of 2016, the UDI found only eight available units of this home type across Metro Vancouver | Shutterstock.

 

Europe's richest families snap up Canadian commercial real estate

The Globe and Mail 

Europe's wealthiest families have discovered Canadian commercial real estate as a safe haven investment, snapping up landmark properties in ...

 

News – Feb 20, 2017

 

Top 5 cheapest homes sold in Vancouver in 2016, compared to 2006 

Globalnews.ca 

From hitting a historic peak for sales and prices in March to falling below the 10-year sales average by December, Vancouver real estate was hot and ...

 

Why a mortgage that leaves room for retirement saving is a must-have 

The Globe and Mail 

In cities with reasonably priced housing, you certainly can. But in expensive markets such as Toronto, Vancouver and their satellite cities, only high ...

 

Going, going, sold: Metro Vancouver homes heading to the auction block 

CTV News 

Lots of things are bought and sold at auctions – but what about houses? Harcourts Canada, a New Zealand-based real estate company is hoping to ...

 

News – Feb 17, 2017

 

Federal government pays for half of City of Vancouver's temporary housingdevelopment 

Vancouver Sun 

The federal government has chipped in $1.5 million toward a temporary 40-unit modular housingdevelopment on city-owned land near Vancouver's ...

 

A speculation-free zone 

The Globe and Mail 

A project under construction by the Vancouver Community Land Trust ... hope can kick off a boom of reasonably priced housing in this expensive city.

 

Metro Vancouverhousing association seek volunteers for homeless count 

Vancouver Sun 

A homeless man sleeps in a doorway in Vancouver's Downtown Eastside in December 2016. Metro Vancouver and the B.C. Non-Profit Housing ...

 

News – Feb 16, 2017

 

 

 

BC home sales down 23 per cent, back to historic long-term average 

 

CTV News 

 

VANCOUVER - The British Columbia Real Estate Association says the province's housing market has tumbled from record highs posted in 2016 to ...

 

 

 

Average Vancouver one-bedroom rent reaches record high: PadMapper 

 

Business in Vancouver 

 

The increase comes in spite of a drop in average home prices across the city; the British Columbia Real Estate Association February 15 announced ...

 

 

 

Chinese New Year Sales of Vancouver Real Estate Down 78% 

 

Better Dwelling 

 

Sales of detached homes had the largest drop during this Chinese New Year vs the years prior. Just 119 sales were logged this year, an 87.28% ...

 

News – Feb 15, 2017

 

Vancouver repeat home sales inch upward in January 

Business in Vancouver 

Earlier this month, the Real Estate Board of Greater Vancouver said sales prices across the region fell about 7% between July 2016 and January of ...

 

Home sales in BC return to 'historic averages' says real estate board 

Vancouver Sun 

VANCOUVER — The British Columbia Real Estate Association says the province's housing market has tumbled from record highs posted in 2016 to ...

 

Vancouver Detached Homes January 2017 

Better Dwelling 

Vancouver real estate can't catch a break. Detached homes saw sales cut in half last month, and prices declined for the sixth month in a row.

 

News – Feb 14, 2017

 

Strong demand brings industrial strata to Mount Pleasant area 

 

Business in Vancouver 

 

The meta-narrative for Vancouver real estate is one of strong demand and tight supply, and this is especially true of industrial. Typically one step up ...

 

Vancouver brimming with million-dollar houses as affordability crisis hangs over city 

 

The Globe and Mail 

 

Condominiums are less-expensive options, with 16.6 per cent of 86,260 condo units in Vancouverassessed for at least $1-million last July, compared ...

 

SFU faces affordable student housing crunch 

 

Business in Vancouver 

 

Brent Toderian, an urban planning consultant and former chief planner for the City of Vancouver, said if the city and SFU don't work together on ...

 

News – Feb 10, 2017

 

 

 

Strathcona sees record housing prices as Vancouver residents shift east 

 

The Globe and Mail 

 

The latest record-setting Vancouver property assessments tell the story of the hottest real estatemicro markets around the city. And nowhere is it hotter ...

 

 

 

House sales slow in January 

 

North Shore News 

 

Sales of condos in North Vancouver remain strong, with many listings receiving multiple offers, say Realtors, because that's what home buyers can ...

 

 

 

Vancouver has the highest proportion of empty, underused homes in 35 years 

 

The Globe and Mail 

 

Homes left vacant or not used as primary residences in Metro Vancouver now account for 6.5 per cent of the region's housing stock, adding fuel to ...

 

 

 

Population shrinking in Vancouver's high-priced single-family neighbourhoods 

 

Vancouver Sun 

 

The census found that 25,502 homes in Vancouver classified as ... Yan said housing costs are part of the dynamics pushing population shifts. Outside ...

 

 

 

'The housing bubble has burst': Economist warns market imbalances threat to economy in long run 

 

Financial Post 

 

“The abrupt slowdown in Vancouver's housing market serves as a warning shot. As things stand now, the performance of the economy this year could ...

 

 

News – Feb 9, 2017

 

Canadian housing starts defy expectations, rise in January 

The Globe and Mail 

Canadian housing starts unexpectedly rose in January as Ontario saw a ... seen recently, particularly in the hot markets of Toronto and Vancouver.

 

It's not just housingVancouver moves to protect affordability of industrial land 

MetroNews Canada 

When the City of Vancouver allows a tall condo building to be constructed, council often requires the developer to pay for a daycare, park or social ...

 

Census counts 25502 unoccupied homes in Vancouver, more than double the estimate by City Hall 

Vancouver Sun 

The latest census numbers for 2016 show there were 25,502 unoccupied or empty housing units in the City of Vancouver. It's a number that is 15 per ...

 

News – Feb 7, 2017

 

For Chinese Home Buyers, Seattle Is the New Vancouver

Wall Street Journal 

When Anna Riley, a Seattle-area real estate agent, held an open house for a new $2.3 million listing in the tony city of Bellevue late last month, the ...

 

Valley apartment action up; joint venture helps house veterans 

Business in Vancouver 

Real Estate ... Nowadays, with Vancouver housing ranked among the least affordable in the world, people are ... In Abbotsford, Quantum Properties Inc. is developing the tallest residential building between ... “Given the rising costs of development in Vancouver in recent years, the focus has shifted to ...

 

Pre-sold condos hold out hope for speculators 

Business in Vancouver 

As overall price increases flatline in Vancouver's more regulated housing market, assignment sales of uncompleted highrise condos – which are ...

News – Feb 6, 2017

 

Chilliwack real estate prices soaring amid record-low listings 

Agassiz-Harrison Observer 

Chilliwack real estate prices soaring amid record-low listings ... Chilliwack real estate continues to be a hot commodity with steady sales, diminishing ... and sales were down 39.5 per cent in the Greater Vancouver Real Estate Board.

 

Vancouver's Italian Cultural Centre partners with Bosa Properties for redevelopment 

urbanYVR (blog) 

Cultural centres around the Lower Mainland are sitting on valuable, large plots of real estate, and Vancouver's Italian Cultural Centre is exploring a ...

 

Vancouver real estate developer committed fraud, securities panel finds 

Mortgage Broker News 

Vancouver real estate developer spent nearly $75,000 of an investor's money on his personal mortgage payments and his property management ...

 

News – Feb 2, 2017

 

Vancouver Real Estate Sees A 91% Decline In Luxury Foreign Buyers 

Better Dwelling 

The deep-pocketed foreign real estate buyers Vancouver has become famous may be gone. According to the latest numbers, foreign transactions ...

 

BC considering foreign buyer tax refunds for some Metro Vancouver home buyers 

Vancouver Sun 

B.C. considering foreign buyer tax refunds for some Metro Vancouver home ... 15 per cent foreign buyer tax on real estate sales in Metro Vancouver.

 

'Trump risk' hangs over Canadian real estate market 

The Globe and Mail 

What is the “Trump risk” to Canada's economy and the lofty real estate ... while markets in Calgary, St. John's and Vancouver have already cooled.

News – Feb 1, 2017

 

Canada Has The Developed World's Hottest AND Coldest Housing Markets 

Huffington Post Canada 

That doesn't mean all housing types are falling in price. The top end of the housing market in Vancouver has collapsed, removing some 40 per cent of ...

 

Board of Trade raises housing alarm, childcare costs before B.C. election 

MetroNews Canada 

The Vancouver region's influential organization of businesses has joined the cacophony of alarms set off by skyrocketing housing costs, less than four ...

 

OLDER and WISER: Housing issues not just for the young 

North Shore News 

The City of North Vancouver Housing report says that “Seniors are expected to experience the largest proportional growth amongst all age groups in ...

 

BC retail sales stumble in November 

Business in Vancouver 

Growth was 7.7%, compared with 5.2% elsewhere in B.C. Housing-related sales growth in the Vancouver CMA was particularly strong. B.C.'s growing ...

 

News – Jan 31, 2017

 

 

New high-end retailers another sign Vancouver has become a playground for the rich 

 

Globalnews.ca 

 

WATCH: It's no secret that Vancouver is not a cheap place to live. Housing being the obvious example. And that boom in real estate is leading to ...

 

 

 

Foreign homebuyers tax exemption 'right thing to do', says UBC professor 

 

CBC.ca 

 

Introduced in August 2016, B.C.'s foreign buyers tax applied an extra 15 per cent property transfer tax on real estate in Metro Vancouver, purchased by ...

 

 

 

Lack of homes on the market to drive Toronto real estate prices, realtors say 

 

CTV News 

 

Lack of homes on the market to drive Toronto real estate prices, realtors say ... Vancouver's housing market third most expensive in the world: survey ...

 

News – Jan 30, 2017

 

BC Premier Christy Clark to lift foreign buyers tax for those with work permits 

Vancouver Sun 

Greater Vancouver Real Estate Board president Dan Morrison welcomed news of the exemption, saying foreign buyers with work permits who live and ...

 

Vancouver's pre-sale concrete condo market unscathed by regulatory changes 

Mortgage Broker News 

Despite the disruptive influence of recent rule revisions, the pre-sale concrete condo market in Vancouver remained relatively unaffected, according to ...

 

Vancouver's pre-sale concrete condo market unscathed by regulatory changes 

Mortgage Broker News 

Despite the disruptive influence of recent rule revisions, the pre-sale concrete condo market in Vancouver remained relatively unaffected, according to ...

 

News – Jan 26, 2017

 

Government interventions won't hurt pre-sale concrete condo market in Greater Vancouver: MLA ... 

Business in Vancouver 

Lincoln Station in Coquitlam along the new Evergreen Line. Pre-sale concrete condos surged in Coquitlam last year due to the anticipated opening of ...

 

BC foreign buyer's tax is actually lowering Vancouver housing prices: BMO 

CTV News 

British Columbia's tax on foreign real estate buyers is having its desired effect, dragging home prices down from dizzying highs compared to the rest of ...

 

'Real estate superhero' hit with copyright warning from DC Comics 

CTV News 

Ian Brett, who dubbed himself "Captain Vancouver" after Vancouver's namesake maritime explorer, bills himself as a "Real Estate Superhero" on his ...

 

News – Jan 25, 2017

 

Metro Vancouver's rental housing, industrial property sectors see continued short supply 

The Province 

CBRE's Q4 market review of Metro Vancouver's industrial real estate sector showed that the region saw industrial leasing space vacancy rates drop to ...

 

West Vancouver population drop causes concern 

CBC.ca 

Housing affordability. Cameron says housing affordability is also an issue. West Vancouver is known for its large, luxurious and expensive houses.

 

Vancouver near the bottom of global housing affordability rankings 

Mortgage Broker News 

The latest edition of an annual survey by global statistics consultancy Demographia found that Vancouver is the third least affordable metropolitan ...

 

An early test of Trump's ethics pledge: The glittering tower in Vancouverabout to open its doors 

National Post 

Trump and his family do not own the Vancouver project, but the president has a stake in its ... Deep-pocketed buyers have also scooped up condos.

News – Jan 24, 2017

 

 

 

'Severely unaffordable' Vancouver places third in survey 

 

Vancouver Sun 

 

Demographia has been publishing its housing cost study since 2004. Vancouver was rated severely unaffordable that year with a median multiple of ...

 

 

 

BC housing signals strong start for 2017 

 

Business in Vancouver 

 

B.C. housing starts eased in December after a November surge but provided a ... Vancouver CMA starts climbed 34% from 2015 to 27,914 units, which ...

 

 

 

NYC Is Now Cheaper For Homebuyers Than Toronto Or Vancouver. Here's The Proof. 

 

Huffington Post Canada 

 

If someone asked you where housing is more expensive, Toronto or New ... When looking at the entire metro areas, Toronto and Vancouver are now ...

 

 

 

News – Jan 23, 2017

 

Vancouver housing ranked 3rd most unaffordable by international study 

CBC.ca 

For yet another year, Vancouver has the dubious honour of being one of the most unaffordable cities for housing, according to annual international ...

 

Proposal to replace Masonic Centre in Vancouver gets mixed reviews 

Vancouver Sun 

Daniel Oleksiuk of Abundant Housing Vancouver, a grassroots community group that advocates for housing in the city, is urging people to attend the ...

 

Gordon Clark: Vancouver the most expensive Canadian city to move to 

The Province 

Vancouver, the beautiful city of my birth, got more lousy news last week ... This will surprise few people in Vancouver, notorious for its high housing ...

 

 

 

News – Jan 19, 2017

 

 

 

Controversial Chinatown condo project draws opposing views from two Vancouver civic advisory ... 

 

Straight.com 

 

Members of the CHAPC include representatives from the Vancouver Chinatown Merchants Association, the Chinese Cultural Centre, the Chinese ...

 

 

 

Opinion: Finding solutions to Vancouver's housing woes is right thing to do 

 

Vancouver Sun 

 

A period of relative calm has arrived in Vancouver following a real estate whirlwind that has forever changed this city. Nearly every week the headlines ...

 

 

 

Public input sought to guide vision for Vancouver's Arbutus corridor 

 

The Globe and Mail 

 

The plan for the former rail corridor, which cuts through some of Vancouver's most expensive real estate on the city's west side, also opens sections ...

 

 

 

China's Largest Company Just Partnered To Sell US & Canadian Real Estate

 

Better Dwelling 

 

Juwai, China's largest foreign real estate platform, and Tencent have ... So users will likely see Vancouver, BC homes marketed alongside Vancouver, ...

 

 

 

EXCLUSIVE: Did Vancouverites lose out on downtown land swap deal? 

 

Globalnews.ca 

 

WATCH: There are serious questions tonight about whether Vancouver ... once owned by the City of Vancouverand was the site of social housing.

 

 

News – Jan 18, 2017

 

First-time home buyer program attracting applicants: BC housing minister 

Vancouver Sun 

VANCOUVER — British Columbia's housing minister says a program to help first-time homebuyers received applications within hours of launching.

 

Vancouver Real Estate Sees Detached Benchmark Drop $27k 

Better Dwelling 

Vancouver real estate got some more bad news from the REBGV. December stats show single-family homes dropped in prices, sales, and listings.

 

Real estate developers topped BC Liberals donor list in the past year 

Vancouver Sun 

Some of the real estate development and construction sector donations ... the 48-floor One Wall Centre in downtown Vancouver, completed in 2001.

 

Assessments hammer landlords 

Business in Vancouver 

The low-rise apartment building on Burnaby Street in Vancouver's West End ... These are representative of the higher assessments – and property taxes ... foreign investors, real estate investment trusts and other institutional buyers.

 

 

 

News – Jan 16, 2017

 

Canadian home sales rose in December, average home worth $470661 

Globalnews.ca 

 

... a report from the Canadian Real Estate Association showed on Monday. ... since a 15 percent foreign buyers tax was levied in Vancouver in August.

 

BC has record year for home sales in 2016: BCREA 

Business in Vancouver 

 

Vancouver and Toronto still have the highest influence on average Canadian home prices, according to the Canadian Real Estate Association, which ...

 

Gordon Clark: Metro's management class could be leaving in droves 

The Province 

 

... Michael de Jong introduced a new property tax on foreign real-estate buyers in an attempt to cool down Vancouver s booming real estate market.

 

News – Jan 13, 2017

 

Real estate trends 2017: Will Toronto prices catch up to Vancouver's

Globalnews.ca 

There are about 670 condos for sale in Toronto this January, compared with 1,450 ... Vancouver is expected to see a home price correction in 2017.

 

Vancouver housing prices may see 'near double-digit' correction in 2017, report says 

CBC.ca 

Despite a 25.6 per cent year-over-year increase in aggregate home prices in the fourth quarter of 2016, the real estate firm expects prices to drop as a ...

 

TransLink and NAIOP Vancouver Launch Design Competition at the First Pacific Northwest Real ... 

Marketwired (press release) 

VANCOUVER, BC--(Marketwired - January 12, 2017) - TransLink and the Commercial Real EstateDevelopment of Metro Vancouver (NAIOP), have ...

 

News – Jan 12, 2017

 

Vancouver housing prices may see 'near double-digit' correction in 2017, report says 

CBC.ca 

Despite a 25.6 per cent year-over-year increase in aggregate home prices in the fourth quarter of 2016, the real estate firm expects prices to drop as a ...

 

Toronto housing boom to continue as Vancouver slumps 

The Globe and Mail 

Last month, the average price for detached houses sold in the Real Estate Board of Greater Vancouver's territory was $1.68-million, compared with ...

 

UBC students to compete against other schools to design community around Coquitlam Central ... 

Vancouver Sun 

“This Real Estate Challenge offers a great opportunity for students to work on ... of the Vancouver chapter of the Commercial Real Estate Development ...

 

Vancouver has two of Canada's three most productive malls 

Business in Vancouver 

Vancouver's Oakridge Centre and CF Pacific Centre malls rank No. 2 and No. 3 as the most productive in Canada, according to anew Retail Council ...

 

Vancouver renters are helping the provincial government aid million-dollar homeowners with their ... 

Financial Post 

Under the new cutoff, 83 per cent of homes in Metro Vancouver will be ... “We're putting taxpayers first when it comes to housing,” Housing Minister ...

 

News – Jan 11, 2017

  

Cashing Out of Vancouver Real Estate: 43 Homeowners List On The Same Street 

Better Dwelling 

 

Over the past few days, a number of homes have begun listing – all in the same area of Vancouver. The curious move now makes a little more sense, ...

 

  

Victoria faces property shortages while more move in for lifestyle change 

Vancouver Sun 

 

The Victoria Real Estate Board says a repeat of last year's record-smashing property sales that saw constant bidding wars on southern Vancouver ...

 

 

Vancouver Real Estate Composite Gets Another Downtick In December 

Better Dwelling 

 

 

Vancouver real estate prices received another downtick, and sales fell below the 10-year average according to the latest report from REBGV.

 

Richmond homeowners out of reach of government help despite tax grant changes 

Vancouver Sun 

 

 

This means that even with the B.C. government increasing the property tax break ... In Metro Vancouver, which has seen some of the sharpest price hikes, ... that would do more harm than good by artificially inflating real estate prices.

 

 

News – Jan 10, 2017

 

The alarming crackdown on Chinese money 

The Globe and Mail 

In Canada, for example, the pouring of money across the Pacific from China may (or may not) be a takeover of great swaths of real estate in Vancouver ...

 

B.C.s job growth is unequal and unsustainable: Report 

MetroNews Canada 

About 83% of net job growth in 2016 happened in Metro Vancouver, according to ... The reason why [families] can invest so much in real estate is not ...

 

News – Jan 9, 2017

 

 Vancouvers modular housing not as inexpensive as it seems, argues real estate broker 

MetroNews Canada 

The principal of a Vancouver real estate brokerage firm is arguing that placing low-density temporary modular housing on a city-owned site at Main ...

 

Extra shelter spaces funded for winter: BC housing minister 

CTV News 

Extra shelter spaces funded for winter: B.C. housing minister ... A statement from Rich Coleman says in Vancouver alone, 540 temporary shelter ...

 

Attempted land assembly deal has 33-foot East Vancouver lots listed for $3.4 million 

Globalnews.ca 

But Michael Geller, a Vancouver planner and architect, says there is no way a developer could build affordable rental housing – what Vancouver so ...

 

Some see Vancouver link in tough new currency rules in China 

Vancouver Sun 

The idea that sharply higher housing prices in Vancouver in recent years has been caused, at least in part, by the flow of millions of dollars from China ...

News – Jan 5, 2017

 

Government intervention on housing causes Vancouver to 'temporarily freeze in its tracks' 

Financial Post 

Figures released by the Real Estate Board of Greater Vancouver on Wednesday, however, showed that house prices have cooled by only 2.2 per cent ...

 

Whoopsie! Vancouver Real Estate Document Accidentally Names Chinese Government 

Better Dwelling 

And isn't it the worst when the company you accidentally inserted is also the branch of a communist government that purchases real estate for the ...

 

Vancouver shouldn't boast about new rental housing: real estate consultant 

Globalnews.ca 

WATCH: While the City of Vancouver is touting its newly approved rental units, ... But real estate consultant Michael Geller pointed out that Seattle, ...

 

New Chinese money rules threaten tide of foreign buyers in Canada 

The Globe and Mail 

“There are so many factors in the housing market,” said Dan Morrison, president of the Real Estate Board of Greater Vancouver. “Vancouver is not a ...

News – Jan 4, 2017

 

Home sales figures to wrap up tumultuous year for Vancouver real estate market 

 

Times Colonist 

 

Home sales figures to wrap up tumultuous year for Vancouver real estate ... A real estate sold sign is shown outside a house in Vancouver, Tuesday, ...

 

2017 B.C. property assessments reflect 2016s wild real estate ride but not the aftermath 

 

MetroNews Canada 

 

The 2017 assessment shows values in Vancouver rose an average of 30.6 per cent. If your property increased less than that, you could actually see ...

 

 

 

Limited housing supply in Vancouver and Toronto will help buoy house price inflation: report 

 

Financial Post 

 

And despite the expected slowdown, the attraction of those cities as places to live and work, combined with limited residential real estate supply in ...

 

 

 

Assessment values for BC condos and townhomes rise in double-digit percentages 

 

The Province 

 

Last month, B.C. Assessment warned owners of “typical” condos and ... For multi-family units on Vancouver's westside, B.C. Assessment cited a ...

 

News – Jan 3, 2017

 

Home values skyrocket in Vancouver region 

The Globe and Mail 

Home values in the Vancouver region skyrocketed in the latest BC ... The valuations reflect the state of the real estate sector weeks before the B.C. ...

Greater Vancouver Region 2017 Property Assessment notices in the mail - Canada NewsWire (press release)

 

Vancouver's Relocation Guide 2017: Greater Vancouver area profiles 

Business in Vancouver 

Downtown □ Vancouver boasts one of the most compact and livable urban ... Some of the city's priciest properties are located here, many enjoying ...

 

Foreign-buyer tax won't stop Chinese investment in Vancouver

Business in Vancouver 

This past July, the British Columbia government unexpectedly slapped a 15% tax on any foreign national buying real estate in Metro Vancouver.

 

Chip Wilson's Point Grey mansion tops BC Assessment valuations at $75.8 million 

Vancouver Sun 

B.C. Assessment property valuations for 2017 are now available online. And while the red-hot Metro Vancouver real estate market has cooled in ...

 

News – Dec 21, 2016

 

 

TransLink sells Oakridge Transit Centre lands for $440M 

 

CTV News 

 

TransLink has sold the Oakridge Transit Centre lands, a large parcel of west side Vancouver real estate, to a developer for $440-million. The Crown ...

 

Vancouver Condos Got Another (Minor) Downtick In November 

 

Better Dwelling 

 

If your Vancouver real estate crystal ball is a little cloudy, you're not alone. The latest report from the Real Estate Board of Greater Vancouver (REBGV) ...

 

No December slowdown in housing sales as search for homes expected to extend through Christmas 

 

Financial Post 

 

The Real Estate Board of Greater Vancouver reported November new listings were down 20.9 per cent from just October and were 1.2 below the ...

 

News – Dec 19, 2016

 

Controversial Vancouver property sale promises affordable housing

The Globe and Mail 

A controversial piece of property owned by the City of Vancouver has been sold to a local developer for $20-million and a promise to develop tens of ...

 

Experts say new thinking needed to ease Metro Vancouver housing crisis 

Globalnews.ca 

WATCH: Two housing experts say it's time the city of Vancouver started to think about using land differently, to ease its affordability crisis. Tanya Beja ...

 

10% of Homes Being Resold In Vancouver Have Never Been Lived In 

Better Dwelling 

Empty homes are a unique Vancouver real estate problem. There's been so much land speculation in the tiny city, that people are literally just buying ...

 

News – Dec 16, 2016

 

BC first-time homebuyers loan program sparks debate, concern

Vancouver Sun 

Geller said that that the supply of new housing in Metro Vancouver is limited relative to the demand, and while this program could further increase ...

 

BC government seeks new superintendent of the Financial Institutions Commission

Vancouver Sun 

At FICOM her duties included oversight of the real estate industry, but the province has since hired a stand-alone superintendent of real estate after an ...

 

New forecast says record sales for 2016, but get ready for house prices to actually drop next year

Financial Post 

Canada's realtors are predicting the first decline in real estate prices on a ... too, has been healthy — with the exception of Vancouverand Toronto.

 

News – Dec 15, 2016

 

BC government offers down payment loans to first-time homebuyers 

 

 

Vancouver Sun 

 

It will be recorded as a second mortgage on the title of the property. ... sharply curtailed foreign purchases in the Metro Vancouver real estate market.

 

Real Estate Council restricts licences of two fast-growing Vancouver brokerages 

 

The Province 

 

Two fast-growing Vancouver area brokerages have had restrictions placed on their licences by the Real Estate Council. The council will not say when ...

 

NDP asks Prime Minister to review Richmond MP case 

 

Vancouver Sun 

 

“these are very serious allegations, and clearly this is becoming a serious issue, and I would call on the Prime Minister to look into this.” “I see overall a ...

 

News – Dec 14, 2016

 

House prices slide for 2nd straight month in Vancouver, rise in Toronto: report 

CBC.ca 

A new report released Wednesday indicates house prices in Vancouver ... In Toronto, sales have reached record levels, whether in the apartment ...

 

Canada Has A Housing Supply Crisis. So Why's It Punishing Homebuyers? 

Huffington Post Canada 

Why is the supply of housing not keeping up with demand, even though ... Toronto and Vancouver, easily the two cities in Canada that most need to ...

 

Shortage of skilled labour costing BC billions in lost GDP and taxes 

Vancouver Sun 

Mark van Manen / Vancouver Sun ... However, it also says in its Provincial Outlook: Autumn 2016 that housing starts are expected to decline by 13.3 ...

 

 

News – Dec 13, 2016

 

Got coats? Here are 5 local non-profits that could use your gently-worn winter wear 

 

Straight.com 

 

With the arrival of snow in Metro Vancouver and more cold weather expected this ... The longstanding organization provides housing to 1,200 people ...

 

Micro Condos Are Still Trending In Canada 

 

Huffington Post Canada 

 

Even larger condo units are picking up speed in price. ... item in expensive housing markets like Toronto and Vancouver - all sizes and configurations, ...

 

Vancouver housing prices jump up 40% but new homes still aren't being built 

 

Financial Post 

 

Yet as the Vancouver boom turned into a crisis of affordability, and authorities moved to tackle the problem, housing supply wasn't the direction they ...

 

Wait lists growing for residential care, subsidized housing in BC: advocate 

 

Vancouver Sun 

 

British Columbia's seniors' advocate says seniors are waiting longer for residential care and subsidized housing, while complaints about residential ...

 

For Vancouver gyms, it's survival of the fittest 

 

Business in Vancouver 

 

You need a fairly large space, and Vancouver real estate is definitely not cheap. Q: How do you maintain a competitive edge? A: I think it goes back to ...

 


News – Dec 12, 2016

 

New co-op housing at Fraserview signals change in financing affordable housing 

Vancouver Sun 

View of the Fraser River from the Fraserview Housing Co-op's second floor at 2910 East Kent Ave. in Vancouver. The co-op is expected to be ready by ...

 

UBC becoming a new frontier for family housing 

Business in Vancouver 

July 2016's benchmark price for a detached house on the west side was about $3.6 million, according to the Real Estate Board of Greater Vancouver.

 

Firefighters battle massive blaze at Langley condo

CTV News 

Firefighters battled a massive three-alarm blaze at a Langley, B.C. condo Sundaymorning. The fire began around 10 a.m. near 56th and 201A Street ...

 

News – Dec 9, 2016

 

Move to combine real estate boards across BC falls short 

Business in Vancouver 

 

The proposal also won a majority of support from members of the Greater Vancouver, South Okanagan and B.C. Northern real estate boards.

 

 

Average house price down 15 per cent or more in parts of Metro Vancouver

 

CTV News 

 

Some Vancouver detached homes have sold for hundreds of thousands of dollars below asking, and there's now proof the trend is in effect beyond the ...

 

Some North Shore property assessments to rise 30-50% 

 

 

North Shore News

The latest figures from the Real Estate Board of Greater Vancouver still put the sale price of an average single-family home in West Vancouver at more ...

 

News – Dec  8, 2016

 

Canada's housing market shows signs of slowing, but prices rise 

The Globe and Mail 

The oil slump has dragged down housing sales and prices in the energy heartland province of Alberta, and Vancouver slowed sharply after the ...

 

Rental apartment vacancies, house sales poised to slide in 2017 

Business in Vancouver 

Rental apartment vacancies, house sales poised to slide in 2017 ... Mayor Gregor Robertson and the Vancouver Affordable Housing Agency (VAHA) ...

 

Property-tax increase proposed to fight Vancouver drug crisis 

The Globe and Mail 

Vancouver is mulling a 0.5-per-cent property-tax increase to help fund its fight against the drug-overdose crisis in the city. The proposed tax, added at ...

 

 

News – Dec  7, 2016

 

Vancouver real estate assessments continue to soar 

The Globe and Mail 

Real estate assessments for single-family detached houses in the Vancouver region soared 30 to 50 per cent in value over only a one-year period, ...

 

Vancouver Real Estate Assessments Soar Up To 50% Higher 

Better Dwelling 

Vancouver real estate scene is starting to cool down, but that won't stop the increase in your property assessment this year. Since BC Assessment ...

 

Investors snapping up local real estate

Squamish Chief 

Shane Garstin is a Vancouver real estate investor looking to buy either a house or a townhome in Squamish in the hopes of cashing in on the recent ...

 

Richmond real estate: Sales down, prices dip, foreign purchasers recovering 

Richmond News 

According to the Real Estate Board of Greater Vancouver (REBGV), benchmark prices for detached homes in Richmond declined 3.8 per cent in ...

 

News – Dec  6, 2016

 

Vancouver real estate dip? Detached homes listed under $1M 

CTV News 

Data from the Real Estate Board of Greater Vancouver suggested that the benchmark price for detached properties sold in November was $1.5 million, ...

 

Vancouver aims to coax owners into renting ahead of empty-home tax 

The Globe and Mail 

Vancouver is reaching out to owners of thousands of empty condos, trying to coax at least 2,000 of them to lease their units – and avoid a coming ...

 

Chinese Real Estate Investment Moves to Seattle, Washington 

Live Trading News 

Vancouver, which has seen detached-home prices 2X'd in the past 10 years, joined areas including Australia and Hong Kong in taking steps to slow ...

...

News – Dec  5, 2016

 

Does Vancouver housing funk mean 'the other shoe just dropped'? 

The Globe and Mail 

At least one economist wonders whether the collapse in Vancouver home sales means “the other shoe has just dropped” for Canada's economy.

 

Plan to add more subsidized housing for BC's low-income seniors meets just fraction of demand 

Vancouver Sun 

The 411 Seniors Society, which offers an advocacy centre to seniors in Metro Vancouver, saw the numbers of seniors who came for housing support ...

 

Asian retail giant Muji likely to enter Vancouver next year 

Vancouver Sun 

“I'm actually surprised Muji didn't enter Vancouver first. It might have just been because of a real-estate play, but Vancouver to me would have made ...

 

News – Dec  2, 2016

 

Deal to limit Airbnb rentals in European cities could lead way for Toronto, Vancouver

CBC.ca 

In cities with expensive real estate such as Amsterdam, London and Vancouver, homeowners often use the income from Airbnb rentals to help pay the ...

 

What's On Dec. 1 to Dec. 7: Santa Claus Parade, Royal Winnipeg Ballet's Nutcracker, Christmas ... 

Vancouver Sun 

DECEMBER06 2013. Amacon, a Vancouver real estate developer, continues its tradition The lighting of a large Christmas tree at the Jack Poole Plaza ...

 

Don't just blame foreigners for Vancouver's affordability crisis: CMHC 

Calgary Herald 

Don't just blame foreigners for Vancouver's affordability crisis: CMHC ... in Canadian residential real estate is predominantly domestic,” Siddall said.

News – Dec 1, 2016

 

Foreign ownership of Canadian condos down from 2015: CMHC 

CBC.ca 

In Toronto, 3.9 per cent of condos built in 2010 or later were owned by foreign residents, who also owned five per cent of new condos in Vancouver.

 

Forecasts and foreclosures: What does newest Metro Vancouver real estate prediction mean? 

Vancouver Sun 

The B.C. Real Estate Association forecast this week that average home sale prices will fall by as much as 8.7 per cent in the Greater Vancouver area ...

 

Metro Vancouver looks for answers as homeless tent cities grow 

Vancouver Sun 

The six Vancouver winter shelters get $1.6 million in operating funds from B.C. Housing, while the city covers capital costs. Another of the shelters that ...

 

News – Nov 30, 2016

 

Provincial surplus projected to increase, despite cooling BC real estate

Vancouver Sun 

 

VICTORIA – B.C. is projecting a larger-than-expected budget surplus this year, despite the cooling of revenues from real estate sales.

 

 

'Things probably pretty bad': Metro Vancouver home sales prices predicted to drop next year 

Vancouver Sun 

 

Cameron Muir, chief economist for the B.C. Real Estate Association (BCREA), said: “Home sales in Vancouver peaked in February this year and ...

 

 

West Vancouver's Hollyburn Gardens debate spills into second night 

 

North Shore News 

“Today, there are approximately 180 people living on the equivalent of five housing lots in West Vancouver. To changing that formula so dramatically ...

 

 

News – Nov 29, 2016

 

City of Vancouver proposing 3.4% property tax increase 

CBC.ca 

The City of Vancouver is proposing to raise property taxes and services fees to cover a $55-million increase in its operating budget. The $1.32-billion ...

 

Toronto condo builders still can't keep pace with demand 

The Globe and Mail 

With Vancouver's real estate market in retreat, industry pundits are ... Real estate agent Manu Singh recently listed a condo unit in the popular King ...

 

As Vancouver's housing market cools, commercial property sales soar 

The Globe and Mail 

Claire Wyrostok, owner of popular Vancouver vegetarian restaurant Black Lodge, wonders how long it will be until Vancouver's hot real estate market ...

 

News – Nov 28, 2016

 

BC's high rental market leaves some seniors on the street or in fear of homelessness 

Vancouver Sun 

The high cost of housing in Metro Vancouver and Victoria is rendering some seniors homeless for first time in their lives, while others are being forced ...

 

Canada's vacancy rate rises; Vancouver, Toronto rentals still hot 

The Globe and Mail 

Canada's rental vacancy rate edged up in 2016 as the supply of apartments increased, but rental housing was harder to find in Vancouver and ...

 

Housing prices are hurting Canada's middle class, OECD warns 

CBC.ca 

But it warns middle-class families in Vancouver and Toronto are being squeezed by high housing prices, leaving them vulnerable to higher rates or a ...