Feb 11, 2019

Vancouver Sun

UDI forecast predicts the housing market to 'reset' in 2019
Housing industry leaders say Metro Vancouverites can expect to see single-family home prices continue to fall this year along with some softening in the prices of new multi-family homes. But if you are counting on the housing market to be hit by a true recession, you may end up waiting a long, long time.

Western Investor

Weekly Buzz: Major commercial real estate sales
The week’s top stories cover three separate major sales that made news this week, from a shopping mall on Vancouver Island, to the sale of Vancouver’s newest casino and hotel, to a profile of several self-storage facilities across four provinces. Meanwhile, new analysis on construction costs across Canada reveal impending pressures for small developers.

Vancouver Courier

Opinion: BC Assessment process unfair to homeowners, small business
B.C. Assessment’s job is to assess all properties at “actual value,” which is synonymous with market value. For high-value industrial, commercial and investment properties, however, the assessment system often fails. That ends up squeezing smaller businesses and residential taxpayers to pay more than their fair share.

Vancouver Sun

Modular construction may prove to be a functional solution to the housing crisis 
Long before online ordering at, the Sears print catalogue was the major shopping source for Canadian families, especially those in rural areas lacking any nearby retail locations. Consumers bought household tools and appliances through mail order as well as the same item of kids’ clothing in multiple sizes, with an easy return policy for items that didn’t fit.

Vancouver Sun

Housing affordability in 2019 - Will it get better or worse?
Although the temperature has dialled down in Canada’s hottest housing markets, it keeps on getting less affordable to own a home. In RBC’s latest quarterly Housing Affordability Report, the affordability measure is now at its worst level in Canada since 1990. Rising interest rates and the mortgage stress test are the main causes.


Feb 8, 2019

The Globe and Mail

For Canada's luxury property markets, the worst seems to be over 
“Real estate markets across Canada are facing a headwind,” says Brad Henderson, president and chief executive officer of Sotheby’s International Realty Canada. Taking the blame are tightened mortgage guidelines, foreign-buyer taxes and higher interest rates. “Certainly there has been a significant decrease in activity everywhere.”

The Seattle Times

Victoria housing market remains overvalued: CMCH
Greater Victoria’s housing market is now “moderately overvalued,” an improvement from its status as being “highly overvalued,” according to the Canadian Mortgage and Housing Corp. The capital region and Toronto are the two areas among 15 in Canada to see their previous overvaluation rating decreased to moderate from high.

BC Business

Vancouver property prices plunge: report
The fast-paced Vancouver real estate market appears to have come to a screeching halt. The seller’s market saw home prices rise rapidly, leaving first-time homebuyers pulling their hair in many instances. The latest report by Toronto-based Zoocasa, however, suggests the detached market is beginning to plunge in all but one area.

Canada News Wire

Canada housing starts trend steady in January
The trend in housing starts was 208,131 units in January 2019, compared to 207,171 units in December 2018, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

North Shore News

Housing 'solutions lab' sought by City of North Vancouver
City of North Vancouver Mayor Linda Buchanan says it’s time for the North Shore’s municipalities to stop trying to tackle the housing affordability crisis in isolation.Buchanan won unanimous support for a motion Monday night calling for a “North Shore Housing Solutions Lab,” modelled on the Integrated North Shore Transportation Planning Project.


Feb 5. 2019

The Georgia Straight

Market rates for social housing: East Vancouver project to take in high-income renters
Half of the units to be owned by B.C. Housing will be rented to low- and moderate-income households, and the other 50 percent will be for higher income tenants, who will pay market rents.

The Seattle Times

Big decline in Vancouver, BC, home prices could just be the tip of iceberg
Metro Vancouver’s composite home price, including houses, condominiums and townhouses, fell 4.5 percent in January from a year earlier to C$1.02 million ($780,000), the biggest decline since May 2013 and down about 8 percent from the June 2018 peak, according to the Real Estate Board of Greater Vancouver.

The Georgia Straight 

Affordability crunch leads North Vancouver to eye subsidized housing for teachers
For some municipalities in Metro Vancouver, housing has become such an issue that cities are having to brainstorm how to attract and maintain top talent in fields that don’t pay enough to afford decent shelter in the area.

Vancouver Courier 

Banking regulator defends mortgage stress test, open to change when warranted
Canada's financial regulator hit back at criticisms of its stress test for uninsured mortgages, which has made it harder for borrowers to qualify and weighed on national home sales, but said it is open to changes when warranted.

Vancouver Courier 

Q&A: Pitfalls to avoid in buying a fixer-upper home
With real estate prices through the roof, many potential buyers may be considering a fixer-upper so that they can afford a home in their preferred location. Adding your own “sweat equity” can be a great way to build value – and it also means you get to make your home just the way you want it. But this strategy is not without risks.

Jan 28. 2019


Business Times 

Housing in HK and Vancouver Tops World's Most Expensive List 

For the 9th straight year, Hong Kong has proven to be a very expensive place to live in, in terms of property market prices. Business Times SG reported that urban planning consultancy Demographia listed the island state as an area where the prices have gone way beyond the reach of most of its residents.

Vancouver council to vote on looking at increase to Empty Homes Tax
Vancouver’s EHT currently applies a one per cent tax on the assessed value of homes deemed to be vacant for more than six months per year, barring specific exceptions.

Yahoo! Finance Canada

Severe housing downturn in Canada is unlikely: RBC
In its latest Canada Housing Health Check — Royal Bank says the probability is “still low but has increased somewhat in recent months.” RBC says mortgage stress tests and rising rates are making it harder for buyers to get a foot in the door.

Times Colonist

Homelessness crisis comes to fore in Nanaimo all-candidates debate
Contenders for the vacant seat in the B.C. legislature shared their vision at a Nanaimo all-candidates debate Thursday, touching on issues such as homelessness, affordable housing and a foot-passenger ferry to Vancouver.

CBC News 

False Creek boat-dweller defiant in the face of 16 counts of anchoring without a permit
He's now facing 16 counts of anchoring a vessel in False Creek without a permit. On Thursday, Wilson made a brief court appearance with the assistance of University of British Columbia second-year law student Kes Posgate.

Jan 23. 2018


The Georgia Straight 

Report forecasts 1.1 million population rise in Lower Mainland by 2041, requiring 500,000 new housing units

This increase in arrivals from the 300,000 target of 2017 is expected to be felt in the Metro Vancouver housing market, according to a new report...

Vancouver Sun

Vancouver housing second least affordable in the world: report
Vancouver is just behind Hong Kong for least affordable housing, according to the annual Demographia survey...

Global News

Work begins on 200 new units of social housing in Vancouver's DTES 
Crews broke ground Tuesday on a social housing project in Vancouver’s Downtown Eastside that will create 200 new affordable units...

Times Colonist

Housing, ferries, urban sprawl: Nanaimo candidates square off
Housing affordability, a dreamed-of foot ferry to Vancouver, and transportation challenges were among topics three Nanaimo byelection candidates faced in a debate on Monday night...


Vancouver-based Spacio acquired by HomeSpotter, adding open house lead generation to its...
Minneapolis-based HomeSpotter, a real estate platform for agents to manage customer relationships, has acquired Vancouver-based open house lead generation platform Spacio for an undisclosed amount. 



News - January 18, 2019



Housing demand will continue to outpace supply in 2019 


Vancouver Business Journal 


Strong demand for affordable housing throughout Clark County is likely to continue, especially in East Vancouver, Camas, the I-5 corridor and areas ...




Burst housing bubble in 2019? Don't bet on it, BC developers predict 


Vancouver Sun 


During the Urban Development Institute's 2019 real-estate forecast ... words explain Metro Vancouver politics, culture and real-estate market well.




All But Two Canadian Real Estate Markets Have Fallen From Peak Prices 


Better Dwelling 


Canada's most expensive real estate markets are Vancouver, Oakville, and Fraser Valley – in that order. Vancouver's typical home price fell to ...




Homeowners falling behind growing threat of climate-related catastrophes: study 


Vancouver Courier 


That's not inflated by rising real estate values. "All of this data is corrected for inflation and it's corrected for wealth creation," said co-author David ...




Victoria to ask BC for authority to levy surtax on empty houses 


Prince George Citizen 


They also agreed to forward the motion to the Association of Vancouver ... They're buying up our houses; they're bidding up the price of housing.





News - January 15,2019


Opinion: When is the best time to buy in a down market? 

Vancouver Courier 

Recently I was asked to guest live on CityTV's BT Vancouver morning news show to recap a range of industry predictions for real estate in 2019.


Richmond realtor fined $18k for professional misconduct 

Vancouver Is Awesome 

Realtor Chen (Morning) Yu has been handed $18,000 in fines for several ... In one incident, outlined in the Real Estate Council of BC's decision, ...


Teranet: Canadian Real Estate Prices See Third Consecutive Monthly Decline 

Better Dwelling 

Canadian real estate prices saw weakness in the second half. ..... Vancouver real estate prices are just off of peak, but seeing gains taper quickly.


Is the future bright for Vancouver renters? 

Vancouver Courier 

Karen Sawatzky chaired the City of Vancouver's Renters Advisory Committee for three-and-a-half years. The committee formed in late 2014, through a ...


Gatineau housing market among fastest-growing in the province: Quebec real estate board 

Ottawa Business Journal 

Stats from the Quebec Federation of Real Estate Boards show Gatineau finished ... Excluding Greater Vancouver and the Greater Toronto Area, two of ...




News - January 14,2019


Canadian home prices fall for third month in a row, even in Vancouver

Financial Post 

Canadian home prices fall for third month in a row, even in Vancouver ... Canada's once-hot housing market has softened this year, weighed by tighter ...


430 beds of international student housing planned next to Oakridge Centre 

Daily Hive 

A redevelopment that provides housing for international students could be one of the first tower projects within Vancouver's emerging Oakridge ...


Montreal's real estate market expected to soar to new heights this year 

CTV News 

Montreal's real estate market continues to be one of the hottest in Canada. ... “We know Vancouver, Toronto went through the roof the last six, seven, ...


Vancouver Housing Prices Are The Highest In Canada And Nobody Can Actually Afford To Even ... 


If you happen to be living in Vancouver that challenge can be even harder. Vancouver has the highest housing prices in Canada, and people are ...


Vancouver port development dealt difficult bridge hand 

Vancouver Courier 

They have only one bridge and one lane across Burrard Inlet connecting the North Shore's rail traffic to Metro Vancouverhousing and other ...


News – January 4, 2019


Vancouver home sales fall to lowest point since 2000 

CTV News 

The total number of homes sold in Metro Vancouver last year fell to 24,619, marking the lowest total since 2000, according to data from the Real Estate ...


Vancouver Real Estate Officially Enters A Bear Market For The First Time Since 2013 

Better Dwelling 

Vancouver real estate, welcome to the bear market. Real Estate Board of Greater Vancouver (REBGV) numbers show price declines became larger in ...


Economic outlook 2019: LNG Canada offsets real estate slowdown 

Business in Vancouver 

With a liquefied natural gas (LNG) ramp-up in the north and a real estate ... at the University of British Columbia's Vancouver School of Economics.


Comment: Metro Vancouver just one city in global real estate slowdown 

North Shore News 

Way out here on the Best Coast, it's easy to think of ourselves living in something of a separated-off bubble – and that when it comes to real estate, the ...


It's not just VancouverProperty market slump goes global, jolting cities from Hong Kong to Sydney 

Vancouver Sun 

Asia is finally succumbing to the global property slowdown that's jolted homeowners and investors from Vancouver to London, with markets in ...


Island real estate sales dipped 19% last year 

Times Colonist 

The slowdown in Vancouver Island's real estate market has not been isolated to Greater Victoria, as the rest of the Island reported a sharp downturn in ...


News – December 17, 2018


Strong pre-sales in Surrey's condos despite slowing market 

Daily Hive 

And new data on pre-sales in the condo market for that municipality provides a glimpse of how the Surrey real estate market may be performing.


More affordable homes underway for families and seniors in Vancouver 

... work,” said George Chow, MLA for Vancouver-Fraserview. “These homes are helping support vibrant and diverse communities by providing housing ...


Vancouver city council asks province to rescind real estate tax 

Vancouver Mayor Kennedy Stewart has sent a letter to Premier John Horgan asking the province to rescind a new tax on real estate even though ...


Vancouver home prices fall most since 2008, extending declines 

Home prices in Vancouver fell 1.9 per cent in November from a month ... extending a recent run of declines for Canada's most expensive real estate ...


News – December 13, 2018


There are reasons to be optimistic about real estate in 2019 

Financial Post 

The RBC Economic Research also reported there were 35 per cent fewer housing transactions in Vancouver in October 2018 than in October 2017.


US house-auction firm enters the Vancouver market 

The Globe and Mail 

Aurelia Isidoro, who lives in New Jersey, was happy when her real estate auction firm decided to move into the Vancouvermarket. She'd visited the ...


Condominium market still 'a lot better' than normal in Vancouver suburbs 

CTV News 

VANCOUVER -- A tempting bright-red advertisement for a new condo ... Metro Vancouver home sales and prices down to more 'historical' levels: ...


BC's Rental Housing Task Force wants to stop renovictions but rejects vacancy control 

Vancouver Courier 

The B.C. government's Rental Housing Task Force is recommending ... Despite pressure from renter groups such as the Vancouver Tenants Union ...


Vancouver council, Mayor considering property tax increase of 6.3 per cent 

The Globe and Mail 

Vancouver residents and businesses are facing a 6.3-per-cent property-tax hike – a hefty increase that is ... Some councillors are fighting to improve social service


Number of housing starts rises in November 

Mortgage Broker News 

"The national trend in housing starts increased in November, following four ... On the other hand, total housing starts in the Vancouver metro area ...

es and create affordable housing in the city,


Vancouver Empty Homes Tax brings in $38 million in total revenue 

Daily Commercial News 

The tax was developed to reduce pressure on Vancouver's rental housing market by returning under-utilized and empty properties to the long-term ...


News – December 6, 2018


Empty homes are fraction of City of Vancouver estimate: report 


Business in Vancouver 


The City of Vancouver has found 2,538 vacant homes in its first ... under the empty-home tax, as it would under BC Assessments for property tax ...


Toronto Real Estate Sees Fewest November Sales In 6 Years 


Better Dwelling 

Toronto Real Estate Sees Fewest November Sales In 6 Years ... Toronto Real Estate Board (TREB) numbers show November at a multi-year low for sales. ...... Greater Vancouver real estate is seeing softer demand for pre-sale units.


Homeowners can expect a mixed bag of property values: BC Assessment 



Vancouver Courier 


The property assessment organization said that many of Metro Vancouver's ... “It's a real mix in property value changes, but the market can best be ...


BC's property assessments more moderate in 2019 


Vancouver Sun 


BC Assessment says some detached homes in Vancouver may see a ... property assessments are based on what was happening in the real estate ...


Housing costs too high to attract tech talent: study 


Vancouver Courier 


Vancouver gets high marks in CBRE Ltd.'s new tech-sector report, which ranks the city fourth in Canada overall but tops when it comes to value for ...


Draft City of Vancouver 2019 budget delivers $78 million social-housing windfall 


The City of Vancouver plans to invest $78 million in affordable-housing ... range of affordable housing choices for all residents,” the draft budget states.



News – December 3, 2018


Vancouver councillor wants double the number of modular housing units for homeless 

Vancouver Sun 

In addition, Vancouver has lost more than 500 units of low-income housing, mostly from single-room occupancy hotels like the Balmoral, Regent, and ...


The richer the neighbourhood, the more homes are empty, Vancouver tax report finds 

The Vancouver neighbourhood with the highest percentage of empty homes also happens to be one of the city's wealthiest and area with the city's ...


Urban Development Institute: Tiny homes equal big potential 

The Province 

Meanwhile, Vancouverites seeking a first step on the property ladder have been denied ... In an interview with the Vancouver Sun, UDI chairman Jon Stovell, ... such as the Real Estate Foundation of BC and Greater Vancouver Home ...


Bitter lawsuit between wealthy developers reveals delays, downsizing of Yaletown affordable ... 

Vancouver Sun 

Several weeks ago, the city announced affordable housing would be built on .... said Cameron Gray, a former City of Vancouver director of housing.


Sidewalk Labs' latest pitch to win over skeptical Toronto: Help for housing gridlock 

Vancouver Sun 

'We're making an unprecedented commitment here to below-market housing. Our approach here ensures a truly mixed-income community,' exec says.



News – November 30, 2018




Urban Development Institute: Tiny homes equal big potential 


Vancouver Sun 


In an interview with the Vancouver Sun, UDI chairman Jon Stovell, ... such as the Real Estate Foundation of BC and Greater Vancouver Home ...




BC Has Only 4 Truly Affordable Housing Markets Left 


HuffPost Canada 


By: Penelope Graham, Managing Editor, Zoocasa. When discussing expensive real estate in the province of British Columbia, the City of Vancouver ...




Detached home prices plunging? Not exactly (INFOGRAPHIC) 


North Shore News 


But we at Glacier Media's real estate division haven't yet seen this have a ... The infographic reveals that Metro Vancouver's median detached sale ...


Opinion: What Vancouver's impressive Empty Homes Tax revenue tells us 


Vancouver Courier 


This week, the City of Vancouver issued a report on the projected revenues for year one of its Empty Homes Tax. And make no mistake, this tax is ...




David Hutniak: Vacancy controls ultimately harm renters 


Vancouver Sun 


That is why real estate investment trusts and pension funds were finally ... We need to build more secure purpose-built rental housing in Vancouver ...




News – November 26, 2018




Landlords the winners as Metro Vancouver housing sales slump 


Business in Vancouver 


With a near free-fall in Metro Vancouver, British Columbia housing sales will plunge 23 per cent this year, according to the BC Real Estate Association ...




Five real-estate insights to help you climb Canada's property ladder 


The Globe and Mail 


The Globe and Mail can give you an edge in making smart real-estate ... When Vancouver leaders saw their city being hollowed out through foreign ...




BC's operating debt eliminated 


Business in Vancouver 


... tackle the real estate speculation that has driven Vancouver hosing prices to unsustainable levels. Revenue from the property tax transfers is down ...




Canadian Housing Market Seems Poised to Avoid Both Boom and Bust 


Point2 Homes (blog) 


Canada's hot real estate market over the past eight years could have ... in traditionally soaring areas like Toronto and Vancouver were closer to the ...




Secret police study finds crime networks could have laundered over $1B through Vancouver ... 


WATCH: Police investigation links dirty cash to luxury real estate. ... Since 2012, the alleged VIP has sold a number of Metro Vancouver homes worth ...



News – November 23, 2018


Developers oppose proposed rent controls as City of Vancouver considers motion to protect tenants 

Vancouver Sun 

With the provincial government's rental housing task force's report expected within weeks, the lobbying association for B.C.'s real estate development ...


City of Vancouver calls for tenant protections, non-profit housing boost 

Vancouver Sun 

City of Vancouver calls for tenant protections, non-profit housing boost ... 14 and signed by Dan Garrison, Vancouver'sassistant director for housing .... capital gains taxes upon sale of an existing rental property, if it is transferred into ...


BC renters are waiting significantly less time for help from Residential Tenancy Branch 

Vancouver Is Awesome 

Spencer Chandra Herbert, chair of the province's Rental Housing Task Force and MLA for Vancouver-West End, said, “Renters and landlords told our ...


Smaller spaces mean big business for Vancouver self-storage companies 

Vancouver Courier 

The positives include increased demand for storage by urbanites living in condominiums, a sector that now dominates residential real estate in most ...


OUTLOOK: Housing sales decline in Ridge and Pitt, but construction continues 

Maple Ridge News 

As housing sales dropped to the lowest level in five years, new home starts continue to grow in the first quarter of the year in Metro Vancouver.


Jean Swanson's Radical Plan to Transform Vancouver 

In her campaign to get elected to Vancouver city council, Swanson often .... “Everybody on council is motivated to some degree by the housing crisis ...



News – November 22, 2018


Surprise! Vancouver millennials lead in home ownership 


The Globe and Mail 

“The main takeaway is that in Vancouver, you have a lot of parents that are buying real estate outright for their kids,” Mr. Gordon says. “The result ...



Office space crunch hits Vancouver


Business in Vancouver 

Vancouver is facing an office space crunch with declining vacancy rates and rising ... GWL Realty Advisors is partway through building its 33-storey, ...




North Vancouver District rejects 5-storey affordable housing project due to height 


Daily Hive 

A five-storey affordable housing building proved to be too much for a neighbourhood in the District of North Vancouver, with councillors deciding on ...




Developers warn stronger controls in BC could lead to rental housing shortages 


CityNews Vancouver 

VANCOUVER (NEWS 1130) – Some developers are warning thousands of units already under construction across the province could be lost if the ...





Vancouver's hot housing market shows signs of cooling 


Business in Vancouver 

Metro Vancouver's turbocharged residential real estate market is showing signs of slowing, with sales plunging, prices edging down and a large swath ...




Farmers petition BC over plans to curb 'mega mansions' on agricultural land amid speculation debate 

Toronto Star 



More on Vancouver real estate: Subprime lending — as well as the risk that comes with it — is growing in Canada's hottest real-estate markets.



Self-storage sector demand moving upmarket 


Business in Vancouver 

... a sector that now dominates residential real estate in most Canadian cities; ... In core Vancouver neighbourhoods, storage rents can reach $3.75 per ...




News – November 13, 2018


The Need for Downtown Living Options 

The Columbian 

Prestige Development and other local developers are indeed recognizing the housing needs for the multitude of new Vancouver residents who are ...


Chinese buyer interest in Metro Vancouver's homes reaches 2-year high: report 

Daily Hive 

In contrast to 2016 when Vancouver was in second place, just after Toronto. Overall, Canada is the fourth most popular housing market in the world for ...


Anatomy of the Housing Downturn in Vancouver, Canada 


In 2018, “each month has brought weaker than normal sales, rising inventory, and continued downward pressure on prices” in Vancouver, British ...


Are Australian house prices going to join the Canadian Club?

The housing finance data that came out on Friday will only add to that ... Toronto swiftly went from being 6 per cent cheaper than Vancouver to 16 per ...


Real Estate Match-Making Platform Mortgage Sandbox Opens for Beta Testing in Vancouver

Canada NewsWire (press release) 

12, 2018 /CNW/ - Mortgage Sandbox, a Canadian Real Estate Match-Making Platform, announced the launch of beta testing in the Vancouver market ...


After grassroots victories, Vancouver Chinatown activists turn toward revitalization 

The International Examiner 

Her grandfather was one of the pioneers of Chinatown, and her father an influential Vancouver real estate mogul and philanthropist. Lee went to ...



News – October 26, 2018




Prices easing but Canada's housing market still 'highly vulnerable': CMHC 


CTV News 


OTTAWA - Despite an easing in prices, the Canadian housing market ... The federal agency says house prices in Toronto, Vancouver, Victoria and ...




Metro Vancouver residential land rush may be over as housing market slows 


Vancouver Courier 


Toronto real estate consultancy Altus Group Ltd. reports that Metro Vancouver residential land deals worth $1 million and up stayed even at $2.9 ...




Bank of Canada interest rate hike makes Vancouver home ownership harder 


Toronto Star 


VANCOUVER—If Vancouver's housing market wasn't already out of reach for first-time homeowners, the new interest rate increase to 1.75 per cent by ...




Vancouver Pre-Sale Real Estate Supply Is Ramping Up As Sales Drop 


Better Dwelling 


If you're looking for a new condo in Greater Vancouver, a whole lot of supply is kicking around. Numbers from MLA Canada, a Vancouver-based real ...




Luxury home sales drop 35% in Vancouver; high-end condo sales up 


Vancouver Is Awesome 


Sales of luxury homes in two of Canada's most expensive cities fell this year, as the high-end real estate market continued to feel the impact of foreign ...




News – October 22, 2018


The City That Had Too Much Money 


One academic terms the process “the Vancouver model”: a seamy mingling of clean and dirty cash in casinos, real estate, and luxury goods made ...


Empty-homes tax prompts sale of Vancouver condo 

The Globe and Mail 

Empty-homes tax prompts sale of Vancouver condo. Kerry Gold. Vancouver ... Listing agent: Ian Watt, Sotheby's International Realty Canada ...


Metro Vancouver's high-end house rents plunge as inventory spikes: experts 

Times Colonist 

Petr Vokoun, who co-owns Orca Realty, said in an interview that over the last six months, the “deterioration” of the detached house resale market and ...


Ottawa real estate investment 'near-unprecedented': Altus 

Real Estate News EXchange 

These are heady days for the commercial and multi-residential real estate ... That places these assets above even those in Vancouver and Calgary ...


Where is Vancouver's most sought-after neighbourhood? (INFOGRAPHIC) 

Vancouver Courier 

The data analysts at REW found that Vancouver property seekers on their portal have deep pockets (or high aspirations), with the most popular home ...





News – October 4, 2018




Vancouver Housing Demand Drops Like A Rock, And Prices Are Now Falling 


HuffPost Canada 


"Metro Vancouver's housing market has changed pace compared to the last few years," Real Estate Board of Greater Vancouver (REBGV) ...




The big chill: A five-year house price forecast for 33 Canadian cities 


The Globe and Mail 


Canadian house price forecast; A Legault-Ford chat I'd love to hear ... They also come amid fresh numbers that show the Vancouver-area market still ...




Real estate board reports Metro Vancouver home sales down sharply 


CTV News 


VANCOUVER -- The Greater Vancouver Real Estate Board says home sales across the region in September plunged more than 40 per cent ...




Commercial real estate: Co-working just keeps growing 


The Province 


Co-working office providers are continuing to sweep up downtown Vancouver office space as the business model shows no signs of slowing down.




The Speculation Tax Will Be Good for Immigration — and Vancouver 


Yet the property market increased 65 per cent in value from 2015 to 2018, based on the Real Estate Board of Greater Vancouver's Home Price Index




The "Missing Middle" Is Why No One Can Afford Housing In Toronto Or Vancouver




Toronto and Vancouver are the two most unaffordable cities in Canada. According to the CBC, the average price of a detached home in the Greater ...





News – October 1, 2018



Real estate boards agree to sales data access deal 

The Globe and Mail 

His board shares its Multiple Listing System with the Real Estate Board of Greater Vancouver and the Chilliwack Real Estate Board (which in total ...


Toronto, Vancouver Have World's 3rd And 4th Largest Housing Bubbles: UBS 

HuffPost Canada 

The bank's annual Global Housing Bubble Index has ranked Toronto and Vancouver third and fourth, respectively, in a survey of housing bubble ...


Vancouver housing inaffordability at 'never-seen-before level': economist 


CTV News 

TORONTO - Canada's housing affordability has reached its worst level in 28 years and is bound to deteriorate even further, say Royal Bank of Canada ...


SFU Residence and Housing serves students' needs amid housing crisis in Vancouver

The Peak 

While the housing crisis in Metro Vancouver is seeing on-campus dorms fill up and pushing students to look for housing elsewhere, SFU Residence ...


Potential Calgary 2026 Olympic bid stokes hope for more affordable housing

Vancouver Sun 

The bid corporation's plan calls for 240 affordable housing units in ... help on the affordable housing front, citing the troubled Vancouver 2010 Olympic ...



News – September 28, 2018




Resource stocks to the rescue of bursting BC real estate bubbles 


Business in Vancouver 


My father was born in Vancouver in 1930 and was raised in the city he loved. Until recently, Vancouver and Canada as a whole have suffered from the ...




Buyers retreat from Metro Vancouver housing market over new taxes 


Vancouver Sun 


Sotheby's, which studied the sale of all types of housing units valued at $1 ... Housing sales across Metro Vancouver north of the Fraser River fell by ...




How to find housing in Vancouver


Ubyssey Online (blog) 


Vancouver is known for its beautiful mountains, ocean views and having the most expensive housing market in North America. Finding housing for any ...




Vancouver's old-school apartment blocks under pressure 


The Globe and Mail 


Units in the building sell easily. Strata heritage condos are rare and the Queen Charlotte is considered one of the city's finest. Several suites in the ...




BC limits rent increases but tenants' group wants more protections 


Vancouver Sun 


Liberal MLA Todd Stone said landlords will have little incentive to improve aging housing stock in cities like Vancouver and Victoria if they have to go ...




News – September 25, 2018


Vancouver startup aims to open real estate investing to the masses 


Its first home is a real estate development in Vancouver's Trout Lake neighbourhood. The company is taking a 2,000-square-foot house and turning it ...


BC Rental Housing Task Force recommends cutting annual rent increase cap 

Vancouver Sun 

The move, recommended by the B.C. Rental Housing Task Force, would do away ... Chandra-Herbert, task force chair and NDP MLA for Vancouver-West End. ... The Ministry of Municipal Affairs and Housing is expected to make a ...


Vancouver removes perplexing roadblock to affordable housing 

The Globe and Mail 

For years, Vision Vancouver city councillor Andrea Reimer, and many ... The PEF is the repository of some $10-billion of city real estate holdings, ...


Housing remains the top priority as mayoralty candidates debate the issues 

Vancouver Sun 

Six candidates for mayor of Vancouver duke it out over housing, opioid ... to issues facing the city, including housing affordability and transportation.


Easing student housing crunch with wood 

Business in Vancouver 

With thousands of names on waiting lists for student housing at British ... incoming students, especially in metro areas like Greater Vancouver.






News – September 18, 2018


Vancouver neighbourhood back on the rails 

The Globe and Mail 

Gantry cranes at Port Metro Vancouver rise in the distance as a woman ... It set Vancouver on a path that made real-estate development a dominant ...


Real estate sales drops seen in Vancouver, Fraser Valley, Victoria 

CTV News 

CREA attributed the drop to “major declines” in British Columbia real estate and stricter mortgage regulations that came into effect at the start of the ...


Travel Industry Council of Ontario puts realtor registration plans on hold 

Vancouver Sun 

The industry groups said they have agreed to sit down with the Real Estate Council of Ontario, the real estate industry's regulator, and discuss the ...


Net worth rising but higher debt stings Canadian consumers: analysis 

Vancouver Courier 

Soaring home valuations are inflating the average Canadian's net worth, especially in the hot real estate markets of Toronto and Vancouver, but ...


Canadian dollar forecasts that aren't for the squeamish 

The Globe and Mail 

Vancouver is still suffering, about half the markets across the country chalked up sales gains in August from a month earlier, the Canadian Real Estate ...





News – Sep 10, 2018




BC tenants to see the highest rent increase in 15 years 


Based on the Canada Mortgage and Housing Corporation's most recent assessment of rent for a Vancouver two-bedroom apartment — $1,550 per ...




Provincial surplus rises as growth remains stable in BC: finance minister 


Vancouver Sun 


“The biggest risk to B.C.'s economic growth right now, one of the biggest risks, is the issue of unaffordable housing,” she said. “We aren't able to attract ...




Modular housing complex will help residents rebuild their dignity: Musqueam elder 


Vancouver Courier 


The provincial government provided $66 million in funding to build 600 units of modular housing on sites across Vancouver. Throughout the province ...




BC rents could rise up to 4.5 per cent next year 


Vancouver Sun 


Housing costs are expected to rise for renters next year as the Residential Tenancy Branch set the maximum ... tweeted the Vancouver Tenants Union.




The Fight For Sold Data + Housing Market Stabilizes 


Move Smartly 


Elsewhere: The Vancouver real estate market is starting to look like a disaster, the Starbucks factor in neighborhoods and the impact of Airbnb.




Check out the highest priced new real estate listing in the Lower Mainland (PHOTOS) 


Vancouver Is Awesome 


The week after Labour Day always brings a flurry of new listings as it's back to business for the real estate market. Despite last month's sales being ...



News – Sep 7, 2018


Metro Vancouver housing prices drop for 2nd straight month 

The cost of home ownership is down in Metro Vancouver for the second straight month as demand for housing continues to slide across the region.


Housing market calmer in August: Real Estate Board of Greater Vancouver 

“Both July and August we've seen slight decreases in the benchmark price,” Phil Moore, president of the Real Estate Board of Greater Vancouver, said ...


Housing crunch pushes Vancouver students toward off-campus dorms 

GEC has opened several student housing complexes across Vancouver that vary in rental rates. Its latest building — GEC Pearson on South Cambie ...


How a Smart, Progressive Property Tax Could Ease Our Housing Crisis 

Last week The Tyee published my article suggesting there might be many ways to finance a big increase in non-market housing in Vancouver, and ...


Condo in Vancouver's West End doubles in price over three years 

The Globe and Mail 

But the kitchen and bathrooms had been renovated, so it only required paint and new flooring. Now, the couple has decided to sell and rent elsewhere ...


Could Crazy Rich Asians be behind the spike in searches for Singapore flights from Vancouver

Toronto Star 

VANCOUVER—The movie Crazy Rich Asians has been a hit in cities .... he said, referring to Vancouver's notoriously unaffordable real estate prices.



News – Sep 5, 2018


Metro Vancouver pre-sale condo market sees slowdown and flattening of prices 

The Province 

The Metro Vancouver pre-sale condo market, which had been seeing double-digit-percentage price gains of between 30 to 60 per cent, with each new ...


Done Deals highlights: September 2018 issue 

Western Investor 

The downtown Victoria YMCA-YWCA property has been sold to Vancouver-based developer Concert Real Estate Corp. for nearly $22 million, but the ...


Vancouver approves more temporary modular housing on Cambie 

Journal of Commerce 

The City of Vancouver has approved more temporary modular housing for two sites at 610 and 620 Cambie Street. A development permit was ...


Move over millennials: Generation Z is coming for your real estate

Langley Advance 

Millennials might want to snap up a piece of real estate soon, as research ... The survey found that 75 per cent of Vancouver-area generation Z are ...


Mansion Global Daily: So Long Wine Cellars, Vancouver Presales Snag and More 

Mansion Global 

A recent report published by the real estate agency Chestertons MENA showed Dubai rents down 4% in the second quarter over the quarter prior.



News – Sep 4, 2018
 - investing ideas in homebuilder stocks/real estate stocks and industry (press release) 


SRV and real estate investment company Antilooppi have signed an agreement on the renovation and modernisation of the historical office property ...




British Columbia boosts rental benefits for low-income families and seniors as housing costs soar 


Toronto Star 


VANCOUVER—Starting Sept. 1, the monthly benefit rates for two provincial rental assistance programs will be increased, and eligibility expanded to ...




The Latest in Mortgage News – Fallout of High Home Prices 


Canadian Mortgage Trends 


Housing affordability was ranked by residents in both cities as the most pressing issue facing the regions (54% in Toronto and 65% in Vancouver), ...




Vancouver approves temporary modular housing for homeless First Nations 


Daily Hive 


A development permit for two buildings containing 98 new modular housing units for the homeless was approved by the City of Vancouver this week.




Elizabeth Murphy: City's high housing growth rate making homes less affordable 


Vancouver Sun 


Elizabeth Murphy: City's high housing growth rate making homes less ... After more than a decade of high levels of growth in the city of Vancouver, we ...




Maple Ridge home prices still going up, but fewer buying 


Maple Ridge News 


Maple Ridge is also a more active market compared to Coquitlam because prices here are lower than the rest of Metro Vancouver, making housing ...



News – Aug 31, 2018


How Vancouver Can Pay for the Housing We Need 

As some readers know I have been trying to come up with some solution to Vancouver's horrible housing crisis and, until a badly-timed stroke cut short ...


Amid Vancouver housing crunch, students choosing Mom and Dad as landlord 

But with Vancouver's 0.9 per cent vacancy rate and a lack of purpose-built student housing, things aren't easy — and a growing number of students ...


Housing to be significant part of Calgary Olympic plan 

Calgary Herald 

Housing to be significant part of Calgary Olympic plan ... 10 council meeting it will include a great deal of information about housing possibilities. ... makes sense, noting other cities such as Vancouver, which hosted the 2010 Winter ...


Canada's Fastest Growing Real Estate Prices Aren't In Toronto or Vancouver

Better Dwelling 

Canada's most expensive rental market is no longer Vancouver, as prices fall in ... The rise, combined with Vancouver's fall, crowned Toronto the most ...


City of Vancouver staff seek ways to sharply increase number of townhouses in Grandview ... 

With a benchmark price of $1.6 million as of July this year in areas covered by the Real Estate Board of Greater Vancouver, this type of property is ...


Home selling prices still under wraps in BC 

Western Investor 

John Barbisan, president of the Fraser Valley Real Estate Board, said his board cooperates with the Real Estate Board of Greater Vancouver and the ...


News – Aug 28, 2018


Job opportunities, lifestyle, housing prices draw millennials to the Okanagan 

Vancouver Sun 

Amy Matejcek, a real estate agent who specializes in helping millennials ... and significantly cheaper than what you would pay in Metro Vancouver.


Residents priced out of hot markets in Vancouver and Toronto hoping for housing crash: poll 

The Province 

Expensive real estate is the top concern for residents living in and around Vancouver and Toronto, with the majority of people hoping prices will fall by ...


Buying condo in Metro Vancouver may get harder in 2019 


Buying condo in Metro Vancouver may get harder in 2019 ... The BC Real Estate Association is predicting prices will climb nearly two per cent this ...


Canada's Most Competitive Housing Markets Are Not Where You Think 

HuffPost Canada 

Those ratios mean Toronto and Vancouver's housing markets are now "balanced." They were "seller's markets" not long ago. (A ratio above 60 per ...


New housing at Whistler Olympic Village to add 1000 beds for employees 

Daily Hive 

With housing costs now exceeding Vancouver's, Whistler is bracing for its own housing supply and affordability crisis to the extent that it has created a ...



News – Aug 27, 2018


Buying condo in Metro Vancouver may get harder in 2019 


Buying condo in Metro Vancouver may get harder in 2019 ... The BC Real Estate Association is predicting prices will climb nearly two per cent this ..


Comprehensive housing list coming for city of Vancouver 

A comprehensive list of all non-market and social housing available in Vancouver will soon be available online. City staff have been working on the ...


276 rental homes in downtown Vancouver cancelled over City fees 

Daily Hive 

A significant rental housing project in downtown Vancouver's West End neighbourhood, which would have produced 276 purpose-built rental units, ...


Climate Change Is Already Sinking Home Values (Take Note, Vancouver

HuffPost Canada 

The problem could affect Canada as well, particularly the pricey Greater Vancouver real estate market. Interactive maps from U.S.-based organization ...


Tenants battling renovictions — and some are winning 

Times Colonist 

... to stand up against a string of evictions since two Fairfield apartment buildings were acquired by a Vancouver-based real estate company last year


Real estate boards across Canada expected to revise sales-data policies in wake of court decision 

The Globe and Mail 

The Supreme Court is breaking the grip of the country's largest real estate ... president of the Real Estate Board of Greater Vancouver, who said "We ...


News – Aug 24, 2018


Metro Vancouver now Canada's second-least competitive real estate market (INFOGRAPHIC) 

Vancouver Courier 

Once Canada's most fiercely competitive real estate market and famed for its bidding wars, Greater Vancouver is now the second-least competitive ...


OUR VIEW: Are foreign buyers really leaving BC's real estate market? 

Burnaby Now 

It looks like foreign buyers have all but disappeared from the Metro Vancouver real estate market – if you believe the latest data. The latest property ...


Commercial Real Estate: Metro Vancouver office vacancy rate nears record low 

The Province 

Metro Vancouver's office market appears headed for a record-low vacancy rate, possibly dropping below figures not seen since 2007-2008, a new ...


Metro Vancouver housing sales projected to fall by 26% this year 

Daily Hive 

Metro Vancouver housing sales projected to fall by 26% this year ... volumes, according to a new market update by the BC Real Estate Association.


The ranking of Canada's best and worst cities for homebuyers has changed radically 

This isn't to say that housing there has suddenly become affordable. ... and housing regulations divert buyers' interest from Vancouver and Toronto to ...


Vaughn Palmer: Secrecy over details of new speculation tax almost rivals HST hubbub 

Vancouver Sun 

Six months after the New Democrats announced a new tax on real estate ... in the Lower Mainland, southern Vancouver Island and the Okanagan.


Condo in Vancouver's West End bought by investor planning to rent it out 

The Globe and Mail 

Condo in Vancouver's West End bought by investor planning to rent it out. Kerry Gold ... on market 20. Listing agent Keith Roy, Re/Max Select Realty.


News – Aug 23, 2018


Supreme Court clears way for release of Toronto home-sale data

The Globe and Mail

The Supreme Court of Canada has declined to hear an appeal from the Toronto Real Estate Board over a federal Competition Tribunal order on the restriction of home-sale data, effectively ending TREB’s years of legal wrangling with the Competition Bureau.


Key decision coming in battle over Greater Toronto Area real estate data 

CTV News 

GTA home sales, average prices, climb higher in contrast to Vancouver ... Those currently seeking home sale data usually turn to real estate agents ...


Vancouver housing sales expected to drop 26% in 2018 

Vancouver Is Awesome 

... B.C and are expected to push housing sales down further this year, according to a new British Columbia Real Estate Association (BCREA) forecast.


Municipalities ask for changes to controversial BC speculation tax 

Vancouver Sun 

“This is a critical issue for British Columbians — it's not just a housing issue, it's directly tied to our economy,” said Oak Bay Mayor Nils Jensen, whose ...


The ranking of Canada's best and worst cities for homebuyers has changed radically 

Home sales have been inching back up in May, June and July after falling off a cliff ... Zoocasa took at look at the sales-to-new-listings ratio, a measure of ... You'd think Vancouver and Toronto would top the chart as the worst place to ...



News – Aug 22, 2018


Montreal Heats Up, While Toronto and Vancouver Real Estate Continue To Cool 

Better Dwelling 

Another Canadian real estate indicator is pointing to cooler markets across the country. Canadian Real Estate Association (CREA) numbers show ...


Dramatic drop in home sales makes BC an outlier among provinces 

Toronto Star 

VANCOUVER—B.C.'s real-estate market has gone from being one of the strongest in the country to the weakest as the number of sales drops sharply ...


Laneway Housing New By-Laws Are Officially In Effect In Toronto 

Toronto Storeys (blog) 

So Changing Lanes can be the game changer Toronto housing needs. ... Cities like Vancouver and Ottawa, ended up leading the way on laneway ...


Moody's reveals impact of collapsed housing market on Canadian banks 

Mortgage Broker News 

With ever-rising housing prices and increased mortgage lending, especially in Toronto and Vancouver—the two most expensive markets in the ...



News – Aug 20, 2018 


The Amazon era is making Vancouver the world's hottest industrial real estate market 

Financial Post 

“Industrial previously was almost like a forgotten asset class,” Jason Kiselbach, vice president and sales manager at CBRE Vancouver, said by phone.


Moving out: Vancouver families leave city for better housing options 

Vancouver Is Awesome 

Efforts by the city to address affordability and adopt more policies that aim to increase the amount of family housing geared towards Vancouver ...


Metro Vancouver housing market ranked 5th most overvalued in the world 

Daily Hive 

Another global financial publication is reaffirming what we know about the local real estate market: housing prices do not match local income levels.


The upside and downside of BC NDP government housing policies 

In the Champlain Heights area of East Vancouver, that contributed to a 16.1 percent increase in the price of condos in July over the same month in ...


There's no getting around the unsavory perception of 'poor doors' in Vancouver

The Globe and Mail 

Nor does Vancouver's affordable housing director Abi Bond's assertion that “separation does not mean second class” ring true. The two lobbies of the ...


There's no getting around the unsavory perception of 'poor doors' in Vancouver

The Globe and Mail 

Nor does Vancouver's affordable housing director Abi Bond's assertion that “separation does not mean second class” ring true. The two lobbies of the ...


News – Aug 17, 2018 


Vancouver Condo Inventory Jumps 66%, Largest Monthly Price Decline Since 2012 

Better Dwelling 

The Greater Vancouver condo market is quickly changing. Real Estate Board of Greater Vancouver (REBGV) numbers show July saw inventory surge.


'Bittersweet' mood on Fraser St. over sale of century-old building to developer 

Toronto Star 

'Bittersweet' mood on Fraser St. over sale of century-old building to developer ... VANCOUVER—For three generations, the Borden family has been running ... But it could be demolished for a new condo after the family sold it in ...


Court stops City of Vancouver from thwarting Marpole rental housing project 

It is interesting to note that the city even took to court the Board of Variance, a quasi-judicial body created under the VancouverCharter. The board has ...


Average Canadian house sold for $481500 last month, up 1% in past year 

... accurate way of assessing house prices because it's skewed by activity in big cities like Toronto and Vancouver, and by certain types of housing.


News – Aug 16, 2018 


Site of new Vancouver Art Gallery to host temporary social housing


VANCOUVER (NEWS 1130) – Nearly 100 modular homes just approved by Vancouver city council will be in a spot currently used to host special ...


Banks in better shape to absorb losses from possible housing crisis: Moody's 

Financial Post 

Surging house prices and increased mortgage lending by Canada's biggest banks — particularly in hot regions around Vancouver and Toronto ...


Metro Vancouver's most affordable housing might be these new bat condos 

Vancouver Is Awesome 

Bats are the new bees as conservationists seek to protect the flying mammals that are so important to the ecosystem for pollination and insect control.


Here's Where House Prices Have Risen And Fallen Across Canada 

HuffPost Canada 

In Vancouver, solid price growth over the past year has been replaced by a deep ... bag, with sales picking up in Toronto and slowing down in Vancouver. ... health of the housing market — "implies that house prices are more likely to ...


Vancouver is sixth most "livable" city in the world, says annual report 

However, a housing-affordability report released last fall had Vancouver in its top spot, thanks to a large gap between median home sale prices and ...




News – Aug 10, 2018 


Metro Vancouver industrial real estate sees world’s largest jump in lease rates

Vancouver Courier

The cost to lease industrial and logistics space in Vancouver rose 29.1 per cent over the past 12 months, which is the highest year-over-year increase in the world over that period, according to new CBRE data.


B.C. boomers keen to move on to smaller homes: real estate report

Vancouver Sun

Those are among the highlights of a Royal LePage survey of Canadians born between 1946 and 1964, released Wednesday. The real estate company’s survey found 17 per cent of boomers across the country plan to buy a new home in the next five years.


Mortgage Delinquencies Are Flatlining In Toronto And Vancouver Shows CMHC Data

Better Dwelling

Delinquent mortgages for Toronto and Vancouver real estate have assumed a holding pattern. Canada Mortgage and Housing Corporation (CMHC) numbers have given us a little more insight on mortgage payments. The country’s most expensive markets are seeing late payments for large mortgages bottom. That is, they’ve been refusing to go lower. In Montreal, where sales are rising, the ratio of late payments continued to fall across the board. Let’s make some sense of this.


Vancouver named Canadian city with lowest percentage property taxes (INFOGRAPHIC)

Vancouver Courier

In a real estate market with the highest property transfer taxes in Canada, where it takes 20 years to save for a down payment, Vancouverites need to take wins where they can find them.


Three possible scenarios for Vancouver's housing market

BC Business

Will Vancouver home prices tank, surge ever higher or settle somewhere in between? With help from disgruntled residents, global investors and government intervention, here’s how the city’s real estate future could play out, for better or worse





News – Aug 7, 2018 


Prices Continue to Sizzle in Summer Housing Market 

Business Examiner (press release) (blog) 

NANIMO, BC – Prices of single-family homes, apartments, and townhouses continue to rise in the VIREB area despite cooling sales in some markets.


Vancouver, Toronto housing slowdown takes toll on Canada's economic growth 

The Globe and Mail 

Falling home sales in Toronto and Vancouver this year are reverberating throughout the economies in both regions, pulling down broader economic ...


One of BC's smallest First Nations set to increase Metro Vancouver's industrial land supply 

The industrial market in Metro Vancouver is the lowest in North America, according to a review by the commercial real estate firm Avison Young, ...


Vancouver's Northeast False Creek may see new modular homes 

The City of Vancouver is considering adding modular housing to its plan to take down the viaducts. The Northeast False Creek area may be the home ...


The Daily Chase: Aimia partners with Porter; Toronto housing heats up 

So demand is heating up in Canada's largest housing market while a chill hits Vancouver, where sales plummeted to an 18-year low last month.


Vancouver's homes may be costly to buy, but they're cheap to own 

Toronto Star 

Got a million dollars to plow into real estateVancouver's a great place to park it, thanks to a property-tax rate that's the lowest in both Canada and the ...


Vancouver walks tightrope between protecting panoramas against housing needs 

The Province 

VANCOUVER — Paris has its Eiffel Tower, Chicago has its architectural skyline and Vancouver has its sweeping ocean and mountain views.




News – Aug 1, 2018



New mortgages, home sales down in 2017 as delinquency rates improve 

The Globe and Mail 


... 18-per-cent drop in sales in the Greater Toronto Area and 10.5-per-cent decline in Vancouver, according to Canadian Real Estate Association data.


Vancouver Condo Bubble Takes New Hit: Murky Condo Flippers Targeted in Pre-Sale Tax Hunt 




The spending slowdown on housing in Canada was particularly unkind to the province of BC. Read… Spending on Housing Dropped 12% in Canada ...


US home prices march higher in May, throttling sales 


Vancouver Sun 

David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said the price increases are broader than in the housing boom and bust ...



Vancouver council's 'reasonable trade-off' on tower proposal marks flashpoint in housing debate 


The Globe and Mail 

“This was pure political posturing, with Vision Vancouver trying to make it seem like it was affordable housing versus views,” said Melody Ma, ...



Calgary contemplates a more boring future for its boom-and-bust housing market 


The Globe and Mail

Calgary's housing market is an outlier compared with Toronto and Vancouver, the two cities Canadians tend to talk about when they discuss real ...



Injunctions to Shut Down Tent Cities Are No Solution 

In 2017, Vancouver's Ten Year Tent City was successful in blocking the City of ... For Indigenous peoples, ensuring culturally appropriate housing and ...



Top luxury properties from Vancouver Island to Edmonton 

Western Investor

Each summer Western Investor surveys the high-end real estate market to present our selection of trophy properties available across Western Canada ...



News – July 25, 2018 


Vancouver city council approves Jericho Lands planning policy 

Vancouver Courier 

Vancouver city council approves Jericho Lands planning policy ... Vancouver city council Tuesday morning approved a planning program for the future ... creating a complete community with new housing for a range of income levels, ...


Burnaby first in BC to use rental-only zoning laws 

Vancouver Sun 

“Burnaby has been a consistent advocate with asking provincial governments to invest in low-cost housing and give municipalities zoning for rental ...


Vancouver's Real Estate Market Ranks As Least Affordable In North America 

HuffPost Canada 

Greater Vancouver took the top spot for the worst housing affordability with a ratio of 11. This means the median home price of $800,220 is 11 times ...


Housing, homelessness top agenda for Vancouver City Council Position 1 candidates (press release) 

VANCOUVER — Homelessness and housing were the main topics at a League of Women Voters of Clark County forum for the five candidates ...


City Council sets in motion Vancouver Westside's largest redevelopment 

Daily Hive 

... housing options along the housing continuum including those which address the insufficient supply of rental housing in Vancouver, particularly units ...


Opinion: Would more corporate HQs ease Metro Vancouver's housing-income gap? 

Vancouver Courier 

Recent media reports have focused on the gap between median household incomes in Metro Vancouver and median home prices, from RBC's ...



News – July 23, 2018 




What a (cooling) heat map tells us about Canada's housing market 


The Globe and Mail 


Things suddenly look less dire for Canada's housing market. These are early days, of course, and the Vancouver area is still in flux, but recent reports ...




Metro Vancouver homebuyers face unintended consequences of mortgage stress testing rules 


Vancouver Sun 


It doesn't automatically move,” says Gary Serra, a real estate agent who specializes in downtown and east Vancouver. If “you have to re-qualify based ...




Peter ter Weene: There are big gaps in quality of life for millennials in Metro Vancouver


Vancouver Sun 


Cost of living was also flagged as a top issue for millennial women in Vancouver, and questions about housing revealed women are more likely to rent ...




Affordable housing: Build up at light rail 


The Seattle Times 


As the light-rail system expands, we have a once-in-a-lifetime opportunity to make those areas as dense as possible, following the Vancouver, B.C., ...




Conversations That Matter: Unintended harm for the foreign buyers tax 


Vancouver Sun 


Walk down Vancouver's Robson Street these days and you'll see store after store ... walk away; they merely shifted their focus to commercial real estate. ... taxes and no foreign owner taxes on commercial and industrial real estate.





News – July 18, 2018 


Housing market is cooling off nationwide with both prices and sales down 

Toronto Star 

VANCOUVER—The average sale price of homes is down nationwide, according to the latest data from the Canadian Real Estate Association, and the ...


Wage levels exacerbating Vancouver's housing situation 

Mortgage Broker News 

The median cost of a Vancouver home currently stands at $672,000 – but while certainly elevated, it is still lower than San Jose (15% lower) and San ...


Kelowna looks to Vancouver, Victoria in discussions over banning short-term rentals 

Vancouver Sun 

Kelowna should follow Vancouver and Victoria in banning short-term ... to reduce housing options for long-term renters and potentially undercut the ...


CREA reports June home sales down 10.7% from year ago, but up from May 

Vancouver Courier 

The Canadian Real Estate Association (CREA) said Monday sales in June were up 4.1 per ... BMO Capital Markets senior economist Robert Kavcic said in a note to investors that Vancouver, and broadly B.C., are "the clear weak ...


'Move North or Stay South' 

The major cities for IT professionals to settle in Canada are Vancouver, ... mortgage even after 30 years at the current housing prices in Vancouver.




News – July 17, 2018 




Forget About The United States - The Real Housing Bubble Is In Canada 


Seeking Alpha 


Homebuyers by the millions are piling into housing, with quickly rising ... will flood the housing market in Toronto, Vancouver, and other major cities.




Canadian Housing Market Climbing Out Of Slump, But Still Far From Rebound 


HuffPost Canada 


real estate sign is pictured in Vancouver, B.C., Tues. June, 12. Canadian housing activity appears to be climbing out of its slump, but is still far from a ...




Canadian borrowers mustn't count on trade war to stop rising mortgage costs: Don Pittis 


As the Canadian Real Estate Association rolls out its latest data on resale ... But for those who bought into the Canadian real estate market way back ...




Canada's home sales touch 5-year low for June, down 10% since last year 


The Canadian Real Estate Association says the number of homes sold in June was down 10.7 per cent from a year ago. The result was a five-year low ...




Greater Vancouver home sales down 38% in June: BCREA 


Business in Vancouver 


Stricter mortgage qualification legislation continues to play a part in the real estate market across Greater Vancouver and the province as a whole, ...





News – July 13, 2018 


Canada housing prices show signs of stabilizing, reports suggest 

The Globe and Mail 

Canada's once-hot housing market has softened in the wake of rule ... Vancouver prices gained 0.6 per cent, taking the index to a new record.


Housing cost in Vancouver jumped by 40% over past three years 


Houses and apartments in Vancouver have appreciably risen in price for the last decade. In the past three years only, prices have increased by more ...


Sunshine Coast stunted by anti-development stance 

Business in Vancouver 

Meanwhile the Sunshine Coast, which stretches 84 kilometres along Howe Sound and the Georgia Strait north of West Vancouver, is facing a housing ...


Affordable housing: 'Taxing high end real estate transfers could fix the problem'

Affordable housing: 'Taxing high end real estate transfers could fix the ... The city of Vancouver has increased taxes on unoccupied properties and the ...


Priced out of the market: Why homebuyers are moving to Ottawa 

CTV News 

The dream of owning a home has some Toronto and Vancouver residents turning ... According to the Ottawa Real Estate Board, the average price of a ...




News – July 10, 2018 


Vancouver home donated to city for affordable housing, community services 

The Globe and Mail 


Now, the former home of Eric and Florence Pierce on West Third Avenue has been turned over to the City of Vancouver in perpetuity to be used for ...



Canadians Hold Onto Less Cash As The Great Deleveraging Begins 

Better Dwelling 


Vancouver real estate, the country's priciest, suddenly found a fix to their low supply. The price of a typical home reached $1,093,600, up 9.5% from ...



New southeast Vancouver housing co-op targets 'moderate' income earners 

Vancouver Courier 


Officials marked the opening of the first phase of a new housing co-op in the River District near the Fraser River that features 90 units geared toward ...



Opinion: How Seattle reversed its rental housing crisis 

Vancouver Courier 


With Metro Vancouver creaking under the strain of sub-1 per cent apartment vacancy rates and Canada's highest rents, it's eye-opening to look just ...



Vancouver, Can We Talk About Housing Without Getting So Angry? 



In Vancouver, housing is just as divisive, and a harder topic to avoid. .... But they have been mocked by demand-siders who say this is real estate ...


News – July 6, 2018 


Land sales dominate Lower Mainland property markets 

Business in Vancouver 

A Fraser Valley land rush that has driven prices up three fold in the last two years has helped make land the dominant real estate investment in the ...


Vancouver housing supply hits 3-year high, sales decline: Real estate board 

VANCOUVER -- The supply of homes in Metro Vancouver's real estate market hit a three-year high as sales dipped below historical averages last ...


Toronto housing market scores 'snappy turnaround' after months-long slump 

The Globe and Mail 

Brent Jang: Vancouver housing sales drop as prices flatline · Kerry Gold: Recycled listings around Vancouver obscure a major market correction ...


Montreal becomes hot spot for Chinese real estate shoppers, says Juwai report 

Montreal was the hot Canadian real estate market for Chinese nationals last year as interest slipped in Toronto and Vancouver, following the ...


Highest, lowest real estate transfer taxes across Canada (INFOGRAPHIC) 

Vancouver Courier 

Vancouver has been named the Canadian city in which first-time homebuyers pay the highest land transfer tax (LTT) on a home purchase –


Palestinian official: 'Real estate men' won't solve conflict 

Vancouver Sun 

RAMALLAH, Palestinian Territory — A senior Palestinian official has lashed out at President Donald Trump, saying “real estate men” can't resolve the ...




News – July 5, 2018 


Vancouver real estate: Supply of homes for sale hits three-year high 


The Province 


The supply of homes in Metro Vancouver's real estate market hit a ... attached and apartment properties newly listed for sale in Metro Vancouver in ...




Demand booms for modular homes in BC 


Business in Vancouver 


Modular homes are ideal for Vancouver because it's a fast and effective construction method with minimal impact on neighbours, says Paul Binotto, ...




Recycled listings around Vancouver obscure a major market correction 


The Globe and Mail 


A detached house in Metro Vancouver took an average of 38 days to sell, according to the official statistics. It may appear that homes are selling in a ...




Huge rise in Lower Mainland buyers moving to Vancouver Island 




WATCH: The real estate market on the Lower Mainland is sending a record number of buyers Vancouver Island's way. Many people are now taking ...




Move over Toronto and Vancouver, Montreal the new hot housing market for Chinese real estate ... 


Financial Post 


Montreal was the hot Canadian real estate market for Chinese nationals last year as interest slipped in Toronto and Vancouver following the ...




Lions player takes to Twitter for help navigating Vancouver's housing market 




SURREY, B.C. – One B.C. Lions player says social media may have helped him navigate Vancouver's notoriously tough housing market. Offensive ...



News – July 3, 2018 


Millennials are flocking to Vancouver despite the housing crisis, says UBC demographer 

Toronto Star 

VANCOUVER—Mountains and public health care are what led 34-year-old Katie Marshall to move to Vancouver this summer, at a time when the ...


Residents speak up at Vancouver City Hall over proposed changes to Chinatown 

“Right now, Chinatown is under threat from real estate pressures who are seeing the changes happen and they are negative and they impact people's ...


Ex-Wall Street short seller's drastic advice for saving Vancouver's economy – and itself 

California farmer and high profile short seller Marc Cohodes sits down with Global National's Robin Gill to explain how B.C.'s money laundering ...


What's next in the hunt for money-launderers in BC? 

Vancouver Sun 

In his 247-page report, German said top officers at the Vancouver Police Department ... There could be money laundering in real estate, he suggested


The majority of real estate up for sale in Toronto and Vancouver are seeing bidding wars 

Business Insider 

If Canadian real estate markets had a phrase of the year, "foreign buyer" would have been it in 2017. In Vancouver, 67.8% of buyers said foreign ...



News – June 28, 2018 




CMHC: 55% of Toronto and Vancouver Real Estate Buyers Were In A Bidding War 


Better Dwelling 


Well that's what the Canadian real estate industry just did, and man-o-man did people screw up. The Canada Mortgage and Housing Corporation ...




Data shows BC's biggest hubs for globally-owned real estate


Toronto Star 


VANCOUVER—New data released by Statistics Canada show where B.C.'s biggest hubs of “transnational” real estate marketplaces are located, with ...




BC's Indigenous Housing Plan Met With Cautious Optimism 


The British Columbia government's direction on Indigenous housing is ... Vancouver's most recent count found 40 per cent of people who were ...




Seattle struggles to fill empty rentals as Vancouver looks for housing solutions 


Vancouver is struggling to address a critical shortage of rental housing while, just across the border, Seattle now has the opposite problem. A quarter ...




Ottawa renews BC housing subsidies 


The Globe and Mail 


Shayne Ramsay, the chief executive of B.C.'s housing agency, said the ... Little Mountain social-housing project in Vancouver to a private developer.



News – June 27, 2018 


Toronto Is (Still) The Fastest Cooling Real Estate Market In Canada 

Better Dwelling 

The major Canadian real estate markets that are warming up the fastest .... Vancouver saw he SNLR fall to 57.7%, a 10.68% decline from last year.


BC home sales forecast revised, predicted to drop 17.7% 

Vancouver Courier 

It's not looking good for total B.C. home sales this year compared with last year, according to a forecast by the Canadian Real Estate Association ...


Toronto ties with Vancouver for most expensive Canadian city for expats: Mercer 

Business in Vancouver 

Toronto jumped 10 spots over the past year because of an increase in housing costs. Vancouver was Canada's most expensive city last year, ranking ...


BC's ski resorts have highest non-resident homeownership: StatCan 

Vancouver Courier 

The province's top two ski resorts are the areas with the highest proportion of non-Canadian-resident owners of residential real estate, with Vancouver ...


Foreign buyers tax on trial — but BC claims crisis called for action 

"There was an affordability crisis in the Greater Vancouver real estate ... in 2016 as part of a number of initiatives aimed at cooling the housing market.


News – June 26, 2018 


US new-home sales climbed 6.7 per cent in May 

Vancouver Sun 

Aaron Terrazas, a senior economist at the real estate firm Zillow, said that sales growth was strong, yet construction was still running below historic ...


Canadian Real Estate Association Lowers Sales Forecast, Declines Rise Over 50% 

Better Dwelling 

The Canadian Real Estate Association (CREA), the trade association ..... It will give you pretty nice breakdown for all GTA or Greater Vancouver ...


West Van Christmas tree festival funds affordable housing

North Shore News 

West Van Christmas tree festival funds affordable housing ... Shayne Wilson, executive director of Lookout Housing and Health Society joins ... as well as North Vancouver-Lonsdale NDP MLA Bowinn Ma in celebrating the purchase ...


In one of West Vancouver's nicest neighbourhoods, nobody's home except dust bunnies and ... 

Toronto Star 

Stonemason Breton Crellin helps build mansions in West Vancouver, ... There are few affordable housing choices in the municipality, Booth says


Letter: Innovative policy needed to tackle housing crisis 

Goldstream News Gazette 

These rapidly built modular homes offer a quick response, while longer-term solutions to housing are developed. Other municipalities, like Vancouver ...



News – June 25, 2018 


Weekly Buzz: Land values and housing costs 

Western Investor 

Here is Western Investor's pick of the top commercial real estate stories .... of this year, residential land sales in Metro Vancouver dominated real


How to Buy in Vancouver

Mansion Global 

In Vancouver, foreigners pay a 20% tax on top of the purchase price. ... The housing stock in Vancouver is extremely varied, and buyers (along with ...


It could be a long road to recovery for the Canadian housing market — here's what experts are saying 


While many industry experts predicted that the Canadian housing market ... “[Slump housing activity] is actually good news as both Vancouver and ...


Letters: When we reach goal of affordability, what will that look like? 

Vancouver Sun 

In the ongoing debate about affordability in the housing market, I have yet to see ... I would like to give my sincere thanks to The Vancouver Sun for the ...


Residence housing the vulnerable of Vancouver's Downtown Eastside shuttered due to decrepit ... 

Toronto Star 

VANCOUVER—The City of Vancouver is shutting down a decrepit residence on the Downtown Eastside, where some of the city's most vulnerable ...



News – June 22, 2018 




New Real Estate Rules Will Affect Consumers 


Business Examiner (press release) (blog) 


New Real Estate Rules Will Affect Consumers ... and clients work together, says the president of the Vancouver Island Real Estate Board (VIREB).




Vancouver council greenlights $2B affordable housing fund 


Vancouver Courier 


Mayor Gregor Robertson said in a statement, “Today's approval of the Vancouver Affordable Housing Endowment Fund and Financial Strategy will ...




Commercial real estate sales drop off in much of Metro Vancouver 


It's not just residential real-estate agents who are feeling the pinch of slower sales in Vancouver these days. The commercial market also also seen a ...




BC To Crack Down On Anonymous Home Ownership With Public Registry 


HuffPost Canada 


VANCOUVER — British Columbia said on Wednesday it is preparing legislation to crack down on "hidden ownership" in real estate and pledged ...




Multi-million dollar community benefit fee should come as no surprise to developer, city manager ... 


Toronto Star 


By Jen St. DenisStarMetro Vancouver ... for new developments after a proposed social housing and condo building in East Vancouver was cancelled.




News – June 20, 2018 




Vancouver considers allowing duplexes throughout the city 


Zoning that ensures the majority of Vancouver is reserved for single-family homes ... Q&A: Vancouver's mayor says new housing plan aims to create ...




Strata condo windups 'creative' Vancouver property investments 


Real Estate News EXchange 


Strata condo windups 'creative' Vancouver property investments ... The Metro Vancouver commercial property investment market is showing signs of ... software and data solutions to the global commercial real estate industry.




Report links 'good density' with urban investment as Vancouver's affordability crisis continues 


Toronto Star 


But one real estate expert from the University of British Columbia says attracting more investors is of little benefit if local residents can't afford to live in ...




Toronto's directionless summer real-estate market draws lowball offers 


The Globe and Mail 


Patrick Rocca of Bosley Real Estate Ltd. says the action has been so unpredictable so far in 2018 that agents don't really know what to expect for the ...




North Vancouver housing 


North Vancouver housing. Latest North ... North Vancouver residents say they're being forced out after District votes to replace housingcomplex.


News – June 18, 2018 


End to 'dual agency' among changes to BC real estate industry coming into force Friday 

New rules for the B.C. real estate industry come into force Friday and the Real Estate Council of B.C. says those changes will better protect buyers and ...


BC housing market becoming more balanced, if not more affordable 


VANCOUVER (NEWS 1130) – For the first time in three years, the BC Real Estate Association is suggesting there's a better balance of supply and ...


Update of Residential Tenancy Act a 'challenge' 

Vancouver Courier 

The Rental Housing Task Force is visiting 11 communities in B.C., including Vancouver. The Vancouver meeting is full, but there is a wait list and an ...


CREA cuts home sales forecast, May sales down 16.2% compared with year ago 

Vancouver Sun 

real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. The Canadian Real Estate Association is lowering its national home sales ...


As Vancouver tried to woo Amazon, staff fretted over housing data that could make city 'look bad' 

National Post 

VANCOUVER — As city staff scrambled last fall to put together a proposal to woo Seattle-based Amazon to build a second headquarters here, they ...



News – June 15, 2018 




BC housing crisis cure: more supply and transit, less red tape 


Business in Vancouver 


B.C. housing crisis cure: more supply and transit, less red tape ... The solution to Greater Vancouver's housing crisis lies in increasing supply and ...




Dual agency rules will disrupt housing market 


Business in Vancouver 


This followed a handful of high-profile cases of realtor misconduct in Metro Vancouver's white-hot housing market. As part of the new rules, a realtor ...




Reforms put consumer protection first in BC real estate ... 


Vancouver Sun 


“The proposed changes are progressive and we support their speedy implementation” said the Real Estate Board of Greater Vancouver. The B.C. ...




Canada's new house prices remain flat amid new mortgage rules, higher interest rates 


The Globe and Mail 


Prices in Vancouver, also among the country's most expensive housing markets, have been unchanged since January. Vancouver is located in the ...




Dramatic revisions to city's housing plan sparks controversy in Vancouver


The Globe and Mail 


Vancouver is set to adopt a dramatically revised housing plan that will ... year from people who own property here as investments or second homes.


News – June 14, 2018 


Teranet: Toronto Real Estate Is Negative For The First Time Since 2009, Vancouver Still Soaring 

Better Dwelling 

Canadian real estate printed huge gains from last year, due mostly to condos. The Teranet – National Bank of Canada House Price Index


City of Vancouver announces $2B affordable housing endowment fund 

Vancouver Courier 

Dan Garrison, assistant director of housing policy at the City of Vancouver, announces the proposed Vancouver Affordable Housing Endowment Fund ...


The real estate war on the west coast: Vancouver's wealthy haves vs. middle-class have-nots 


Across the street from a run-of-the-mill Starbucks in the Kitsilano neighbourhood of Vancouver is a two-storey Ferrari and Maserati dealership. Locals ...


What Seattle's Failed Amazon Tax Means for Vancouver


Before Tuesday's vote, housing reform advocates in BC told VICE they believed Vancouver would benefit from its own version of the Amazon Tax in ...


More signs point to a real estate sales slowdown in the province 

Business in Vancouver 

On the residential side, the benchmark price for housing in the Real Estate Board of Greater Vancouver sales area rose just 0.2% in May 2017 versus ...


Vaughn Palmer: Harcourt calls housing crisis a permanent condition, confused by taxes 

Vancouver Sun 

Former B.C. Premier Mike Harcourt, who calls the B.C. housing crisis a ... “It is not a crisis, it is a permanent condition,” says the former Vancouver ...




News – June 12, 2018



This expert says Vancouver condo price relief “could be on the way” 




This expert says Vancouver condo price relief “could be on the way” ... With condo sales in the City of Vancouver losing steam, one realtor says price ... to the latest data from the Real Estate Board of Greater Vancouver (REBGV).


Foreign buying of Vancouver real estate—beware the siren call of sovereignty 


In the ongoing debate over Metro Vancouver's housing challenges, the Vancouver Sun's populist columnist, Douglas Todd, has once again played the ...


Metro land squeeze pressures developers and investors 


Western Investor 


Vancouver's real estate market has always been driven by two groups: those who want to get in, and the insiders who want to make money.


Doubt cast on BC vacation-home price drop forecast 


Vancouver Courier 

The Vancouver Island Real Estate Board reports that oceanfront home prices in the Comox Valley in the first four months of this year were up 20 per ...




Jennifer Bradshaw: "Huge" East Vancouver development will save lives and provide much-needed ... 


By Jennifer Bradshaw. Let's talk about size—the magnitude of the opioid and housing affordability problems in Vancouver. An elderly homeless man, ...




News – June 7, 2018 


Montreal area real estate market growth outpaced other Canadian cities in May 

Toronto Star 

It also compares favourably with real estate markets in Calgary, Vancouver and Toronto, where May sales fell by 18, 35 and 22 per cent, respectively, ...


That Second Home in Vancouver Might Just Be Affordable After All 


For Canada's recreational-property market as a whole, Royal LePage expects to see growth this year of 5.8 percent, to an average of C$467,764, ...


11 key facts from Greater Vancouver's spring housing market, so far 


11 key facts from Greater Vancouver's spring housing market, so far ... from the Real Estate Board of Greater Vancouver (REBGV), published June 1.


Vancouver's housing market stokes fears of a 'brain drain' of millennials from the region: study 

New research shows just how challenged young people in B.C. feel about their finances and housing. A survey by Insights West found 60 per cent of ...


BC housing tax to cause vacation property price dip: Royal LePage forecast 

CTV News 

B.C. housing tax to cause vacation property price dip: Royal LePage ... Owners of multimillion dollar Vancouver homes speak out against tax bump.


News – June 6, 2018 




Vancouver Real Estate Inventory Jumps 38%, Now At 34 Month High 


Better Dwelling 


Real Estate Board of Greater Vancouver (REBGV) numbers show prices were higher in May. The price climb wasn't due to a lack of inventory though.




Real estate tipping point? 


Home sales across Metro Vancouver tumbled last month, when compared with May 2017 and the Real Estate Board of Greater Vancouver says that ...




11 key facts from Greater Vancouver's spring housing market, so far 




Cooling demand in Metro Vancouver's housing market allowed supply to accumulate in May, however, the amount of homes for sale still remain below ...




Single homes in Metro Vancouver nudge mark where prices can fall: board 


VANCOUVER _ Home sales across Metro Vancouver tumbled last month, when compared with May 2017 and the Real Estate Board of Greater ...




In Calgary, housing market hits a 'sweet spot' for millennials 


The Globe and Mail 


Meanwhile, the benchmark price in the Greater Vancouver region just hit ... Housing prices are stagnant but not falling, demand is stable but supply, ...


News – June 5, 2018 


Vancouver Real Estate: Single-Family Homes On Verge Of Price Correction, Realty Board Warns 

HuffPost Canada 

Homes in the Greater Vancouver city of Burnaby, B.C. Home sales across Metro Vancouver tumbled last month, and the Real Estate Board of Greater ...


Done Deals highlights: June 2018 issue 

Western Investor 

From | Macdonald Commercial Real EstateVancouver. ... DEAL | Strata dissolution sale of 53 units in Vancouver's West End, sold for approximately ...


Greater Vancouver home sales slow in May 2018 as real estate listings increase 

The Province 

Home sales in May across Greater Vancouver dropped by 35.1 per cent ... If you like having options, now's the time to browse some real estate.


A Tax That Would Solve the Housing Crisis 

In Vancouver, responses to the housing crisis fall into two camps: there are those who would increase supply and those who would limit demand.


Single homes in Metro Vancouver nudge mark where prices can fall: board 

Financial Post 

VANCOUVER — Home sales across Metro Vancouver tumbled last month, when compared with May 2017 and the Real Estate Board of Greater ...





News – June 4, 2018 




Home prices predicted to keep climbing – at slower rate 


Squamish Chief 


Home sales across the Real Estate Board of Greater Vancouver region – including Sea-to-Sky and Sunshine Coast – may be soft so far this year, but ...




What it's like to build homes in Vancouver


Vancouver Courier 


Earlier this week, the City of Vancouver announced a new pilot project to fast ... But there's a real systemic problem around their continued demand for ...




Conversations That Matter: Braking Vancouver's housing market 


Vancouver Sun 


Measures to create housing for those who can't afford Vancouver's sky-high real estate appear to have backfired. The target started out as offshore




Report says supply, not taxes, needed to ease Vancouver's housing crisis 


The Globe and Mail 


Tax-based policies intended to ease British Columbia's housing crisis will generate significant new revenue for the provincial government while ...




In Vancouver, a Housing Frenzy That Even Owners Want to End 


Independent Recorder 


“I live 15 minutes from the downtown core in a house,” said Keith Roy, a real estate agent. “That's crazy. I should be in a townhouse at this distance, ...



News – June 1, 2018 


Higher taxes no solution to Vancouver's real estate crunch, says study 

Cutting through red tape and allowing greater density will do more to create affordable housing in Metro Vancouver than taxing speculators and ...


Economic impact of the office sector 

Business in Vancouver 

The economic scale of British Columbia's commercial real estate sector was ... The City of Vancouver itself received approximately $19.8 million in ...


UBC report says Metro Vancouver housing woes driven by red tape, not speculators 

A new report on Metro Vancouver's sky high real estate prices says speculators and foreign buyers aren't driving the market. Instead, the study from ...


Ninety feet sought for Chinatown height limit 

“Chinatown is a special historic cultural neighbourhood in Vancouver that needs to be protected from intense development pressures and real-estate ...


City of Vancouver plans to invest in renewing aging infrastructure and amenities 

Vancouver Courier 

The City of Vancouver's draft 2019-2022 Capital Plan, which will be ... of 1,200 to 1,600 units of non-market rental housing, creation of approximately ...


Vancouver seeking 'innovative' proposals for False Creek Flats tech and arts hub 

Daily Hive 

The City of Vancouver is seeking international interest to participate in a ... environmentally friendly mixed-use district with housing and job-creating ...


News – May 31, 2018


Vancouver fast tracks new home building permits 


Vancouver Courier 


Vancouver fast tracks new home building permits ... the aim of expediting single-family and laneway homes as part of the Housing Vancouver goal to ...




Charging stations latest cost for new condo buyers 


Business in Vancouver 


Yet, starting in 2019, 100% of new condo buyers in Vancouver will pay to ... “When expressing their deep concerns over housing affordability, why ...




Canada's taxman becoming more aggressive with real estate tax evasion in hot Vancouver and ... 


Toronto Star 


VANCOUVER—In Vancouver and Toronto's hot real estate markets, property owners “try to trick the Canada Revenue Agency” all the time, but over ...




Government is a major contributor to higher Metro house prices 


Business in Vancouver 


If we are serious about slowing the hyperactive escalator lifting our housing prices to higher and higher levels, then we have to push the emergency ...




Cost-conscious parents buying condos for kids studying away from home 


The Globe and Mail 


The tight rental housing market in Vancouver and Toronto makes many of them, like Canadian parents, nervous that their children won't be able to find ...




Has Toronto hit peak condo


The Globe and Mail 


... affordability in the first quarter – especially in Toronto and Vancouver. ... For all three, the offer date came and went without a sale. ... Mr. Bibby senses that buyers in the downtown condo segment have become more cautious.





News – May 30, 2018 


Taxes, fees make up 26% of new Vancouver condo cost 

Vancouver Courier 

“At a time when all governments are purportedly concerned about housing affordability, all of these increased taxes and fees are just making housing ...


Vancouver Tenants Union issues 50-point plan to protect renters and return affordability to BC real ... 

... 50-point plan to protect renters and return affordability to B.C. real estate ... in 2016, Metro Vancouver's vacancy rate for purpose-built rental housing ...


High housing prices blight lives – and widen the inequality gap 

The Globe and Mail 

One reason is that progressive land planners in cities such as Vancouver and Toronto (and provinces such as Ontario) have preferences in housing ...


For low-income residents in Vancouver, a different kind of real estate crisis 

The Globe and Mail 

Development in downtown Vancouver and rising real estate prices have been pushing SROs out of the market for decades, dating back to the lead-up ...


Major Vancouver housing co-op forced to increase rents significantly in face of $500000 debt 

The Globe and Mail 

A major Vancouver housing co-op is facing a half-million-dollar debt that is forcing it to significantly raise rents and offer fewer subsidized units to ...


Montreal's new LRT to upend real estate market 

The Globe and Mail 

Montreal's new LRT to upend real estate market ... Dubai and Vancouver – will also likely have an impact on land use and real estate development.







News – May 29, 2018 


BC housing markets easing into balance 

Business in Vancouver 


Declines were concentrated in the Lower Mainland, Vancouver Island and Okanagan Mainline real estate board regions, which, incidentally, are ...



The pros and cons of reverse mortgages 

CTV News 


With the high value of real estate, many people have a lot of equity in their properties, making them house rich and cash poor. That may have some ...




Zero-waste retail game plan gaining traction in Vancouver

Business in Vancouver 


As with many real estate sectors in B.C., especially in the Metro Vancouver and South Coast region, farmland is under extreme development pressure.



Rental Housing Task Force to visit 10 BC communities in June 

Vancouver Courier 


The province's Rental Housing Task Force, headed by Vancouver-West End MLA Spencer Chandra Herbert, will spend June gathering feedback from ...



Affordable rental-only housing around transit stations proposed by new ProVancouver party 


A new Vancouver civic party is suggesting that condo projects should not ... David Chen noted that real-estate speculation is high in market-housing ...


News – May 25, 2018 


Sales of Vancouver homes above $3-million cool in wake of tax measures 

The Globe and Mail 

The BC NDP government's February budget measures to rein in Vancouver's runaway real estate market are starting to erode sales and prices for ...


Burnaby suddenly Metro Vancouver office hot spot: CBRE 

Real Estate News EXchange 

Metro Vancouver's hot office market is helping to stoke investment demand in the region's suburbs says CBRE, pointing to several of its recent deals ...


Boomers bounce into cottage country 

Business in Vancouver 

Baby boomers and retirees now account for 91% of recreational property sales in Canada, according to an annual survey of the recreational ...


Curbs on demand won't solve surging house prices in Canada 

The Globe and Mail 

In Vancouver, the cost of housing restrictions is by far the largest in Canada, at $640,000 for the average new house. Vancouver's supply constraint ...


Vancouver's rapid cycle of house teardowns comes with environmental cost 

Toronto Star 

VANCOUVER—Between 1985 and 2014, more than 20,000 single-family ... Caroline Adderson, a Vancouver housing critic who runs the Vancouver ...



News – May 22, 2018


Vancouver residents vote on ways to ease housing crisis with Empty Homes Tax revenue

We're learning more about how the City of Vancouver hopes to tackle the housing crisis using the Empty Homes Tax revenue. The city held a session ...



Finally, Something Funny About Vancouver's Real Estate Market


Despite the far-out premise, the story makes very real commentary on how the real estate market affects Vancouverites' lives and their concepts of ...



This Canadian city became the hottest luxury housing market in the world in 2017.



Similar to growth experienced in Toronto and Vancouver in recent years, Victoria saw rapid increases in housing prices and sales in 2017. And ...



Why 'perpetual clouds around housing' could weigh on Big Banks' second-quarter results


Financial Post

Canada's banks are big players in the housing market, which has clearly ... Greater Vancouver and Greater Toronto areas) were down 11.3 per cent.



Surtax on $3-million homes doesn't go far enough, argues UBC prof

Toronto Star



VANCOUVER—As the debate over a tax increase for homes worth over $3 million ... homes as “commodities” and would cool overheated real estate markets. ... Kershaw isn't the first Vancouver-based academic to propose lowering ...


News – May 17, 2018


Victoria lands top spot on Christie's luxury housing markets list

Vancouver Courier

Victoria lands top spot on Christie's luxury housing markets list ... and high domestic demand for housing catapulted the Vancouver Island community ...


Development costs and regulations driving up home prices in Vancouver

Vancouver Sun

The report shows that in Vancouver, after factoring in a profit for the ... limits on housing development — are highest in B.C., with the Vancouver census ...


Home prices dipped in Yellowknife last year, following national trend

But at least one real estate agent says that's a reflection of the types of ... and Vancouver, the Canadian Real Estate Association reported Tuesday.


Cambie plan increases residential, but affordability remains elusive

Business in Vancouver

Vancouver's recent approval of the third phase of the Cambie corridor ... Urban Economics and Real Estate, at another ULI event in September 2010.


News – May 16, 2018 


Teranet: Canadian Real Estate Prices Make “Fourth Smallest” April Advance In 20 Years 

Better Dwelling 

Teranet: Canadian Real Estate Prices Make “Fourth Smallest” April ..... Vancouver real estate continued to make the largest gains in the country.


Regulations add $644K to cost of single-family Vancouver homes: study 

CTV News 

They found Vancouver and Toronto, which are both experiencing “high” demand for housing, had construction costs around $350 per square foot in ...


Money, power and real estate shaping Vancouver's wacky election 

Toronto Star 

Then there's the housing issue. While Vancouver's extremely unaffordable housing has played a big part in previous elections, concern is now “at a ...


Creative Strategy to Fight Extreme Housing Costs in Toronto, Vancouver

The Epoch Times 

A $10 billion project to build affordable housing in Toronto and Vancouver is in the works. In the last few years Canadians have been watching real ...


Baby boomers driving up price of recreational homes in BC, says report 


VANCOUVER – If the high price of real estate here in Metro Vancouver has you thinking about heading to the Interior or Vancouver Island, good luck!







News – May 10, 2018 




Historic Vancouver real estate talk sparked by Courier article 


Vancouver Courier 


An upcoming talk on Vancouver housing by developer Michael Geller, ... about because of a Vancouver Courier article on old real estate headlines.




Greater Vancouver's luxury real estate market is softening, report shows 


Spring sales in the Greater Vancouver area's luxury real estate market are down but prices continued to climb, according to a new report. Sales activity ...




'Fear, not fundamentals' causing Metro Vancouver market slowdown 


The Record (New Westminster) 


Residential developers, marketing executives and real estate agents are bracing for a sustained downturn in the housing market, after sales in April ...




Toronto, Vancouver tumble in global price ranking of prime real estate


The Globe and Mail 


The Toronto and Vancouver real-estate markets are tumbling in the global rankings, knocked from their luxury perches by a combination of rising ...







News – May 9, 2018


Canadian Housing Starts Trend Stable in April 

Canada NewsWire (press release) 

Housing starts in the Vancouver Census Metropolitan Area (CMA) continued their strong trend throughout April. Year-to-date starts were up for both ...


Is Vancouver's overheated housing market changing course? 


Following the announcement of new BC housing policies in February, home price appreciation has been decelerating in Greater Vancouver, which ...


How former Vancouver city planners would have done things differently 

An aerial photograph shows downtown Vancouver in the 1970s. ... She wishes the city had required developers to actually build rental housing on the ...


Rising prices, foreign buyers, and disdain for developers: SFU talk to recount Vancouver's recent ... 

For 30 years, Vancouver architect Michael Geller has collected newspaper clippings related to housing, real estate, and housing affordability.


3 major turning points in the history of Vancouver real estate 

Vancouver's housing affordability crisis is an ongoing saga but has roots going all the way back to the arrival of the first colonizers. To this day, the ...



News – May 3, 2018


New Amazon facility in Vancouver adds pressure to strained housing market 

The Globe and Mail 


Amazon's plan to hire 3,000 people at a new facility in downtown Vancouver has raised concerns about an influx of new workers competing in an expensive housing market — in a region with among the lowest tech-sector salaries in North America. The U.S. online retailer announced this week it will be ...


Investing in the office sector 

Western Investor 


Historically, businesses with large floor plates and lower rent requirements moved from downtown Vancouver to the suburbs, but increasingly, ... With rising rents, some tenants are considering purchasing over renting which in turn has given rise to strata office sales activity in the area, which range from ...


Vancouver-area home sales fall to 17-year low for April 

The Globe and Mail 


In the Vancouver region last month, prices weakened for detached houses while the condo market stayed hot. The Real Estate Board of Greater Vancouver saw 2,579 sales of detached houses, condos and townhomes in its territory last month, down 27.4 per cent from 3,553 transactions in April, 2017.


Supply vs. demand: Social-media housing war spills over into Vancouver's civic election 


Toronto Star 

VANCOUVER— There is no subject more hotly debated in Vancouver than housing, and there's a place on Twitter for people who are deeply obsessed with all things real estate: it's called #vanre. Now, a social media debate that has raged for years between “supply-siders” and “demand-siders” has ...


BC watchdog probes realtor conduct of Vancouver presale condo flips 

The Globe and Mail 


B.C.'s real estate regulator is investigating alleged realtor misconduct in the flipping of pre-construction condo units in Vancouver's hot market and wants the province to start tracking the activity following a recent Globe and Mail investigation. The Globe found select realtors and speculators who buy ...


News – May 2, 2018


Vancouver is no longer Canada's most inflamed housing market 

Mortgage Broker News 

Attesting to the continued global draw of Canadian property, benchmark prices in the ski town of Whistler have now surpassed those in Vancouver. Businesses are buying million-dollar properties to house employees as living costs drive out workers. The cost of visiting has also spiralled, with overnight ...


British Columbia considers halt to exclusive access for condo presales 

The Globe and Mail 

Forcing developers to make preconstruction condo units available to all potential buyers at the same time and the same price is something B.C.'s Finance Minister says she is open to trying in order to help make real estate more affordable in and around Vancouver. It's part of a broader promise by the ...


Richmond's pre-sale condo flipping to be tracked by province 

Richmond News 

... of pre-sale condo assignments. Wenesday's announcement, to require real estate developers to collect and report information on pre-sale condo assignments, comes five months after Canada Revenue Agency (CRA) announced it was investigating select developments in Toronto and Vancouver.


'Amazon Effect' May Push Vancouver Housing Prices Even Higher 


Anything similar in Vancouver could create additional pressure in an already strained market. Vancouver's supply of available rentals has remained below 1 percent for three years in a row. The price of a benchmark home has risen 91 percent in a decade. Government attempts to ease prices -- including ...


Cities can now create rental-housing zones 

Maple Ridge News 

“We do more, relatively more, than most municpalities in Metro Vancouver.” Pitt Meadows Mayor John Becker though said the ability to create rental-only zones is “an excellent opportunity” for cities to help with affordable housing. Many people fall between the cracks to get homes of their own, he added.



News – April 26, 2018 




Living wage climbs alongside housing costs in Metro Vancouver


Toronto Star 


VANCOUVER—The cost of living in Vancouver, especially the cost of housing, has increased so much that living wage advocates have found the wage required for families to get by has gone up for the first time in three years. According to the calculation by Living Wage for Families and the Canadian ...




Buying a home in Vancouver is getting easier — but only if…


Toronto Star 


New numbers from the Canada Mortgage and Housing Corporation show competition for condos and other homes worth less than $1 million is fiercer than the competiton for expensive homes. Pictured here are condo buildings along Vancouver's Coal Harbour. (Jennifer Gauthier / Jennifer Gauthier for ...




Construction labour shortage a massive barrier to BC's new housing: experts 


Vancouver Courier 


Even with good intentions, appropriate funding and expedited permitting processes, there simply aren't enough construction tradespeople to build all the homes required to meet B.C.'s housing targets, according to a group of industry experts. Speaking to a huge audience at the Vancouver Real Estate ...




BC law targets condo flipping, tax evasion, rental home protection 


CTV News 


The Real Estate Board of Greater Vancouver reported last month the average benchmark price for all properties in Metro Vancouver was just below $1.1 million, an increase of 16 per cent since March 2017. The average price for a detached single family home in Metro Vancouver was $1.6 million.



News – April 20, 2018 


Dream of Metro Vancouver ownership has 'shifted': key real estate player 


VANCOUVER (NEWS 1130) – With rising prices putting most homes out of reach for many would-be buyers, is the dream of ownership in Metro Vancouver dead? Andrew Ramlo, a vice-president with the Rennie marketing group, says it's not. “I don't think the dream is dead. The dream is just different ...


'Multigenerational living' may be the new old solution to sky-high housing prices 

Financial Post 

The spatial diversity, for instance, is more pronounced at the Census Metropolitan Area (CMA) level with 5.8 per cent of households in Toronto, 4.8 per cent in Vancouver, and only 1.8 per cent in Montreal being multigenerational households. Given that multigenerational households are, by default, ...


There's no stopping the housing market from weighing on Canada's economic growth 


If Canada's soaring housing market were to come to an end this year, it will stunt economic growth — even if home prices don't decline. ... In Canada's hottest markets — Toronto and Vancouver — Ashworth says that in seasonally adjusted terms, home sales remained “unusually depressed” last month.


Housing crisis amplified on Denman Island 

Ladysmith Chronicle 

While housing problems on the main part of Vancouver Island are well-documented, the Gulf Islands have experienced their own set of challenges related to availability and affordability. Housing issues on the Gulf Islands are amplified due to their size, isolation, rural culture, and housing regulations.



News – April 19, 2018 


Where to buy real estate in Greater Vancouver 2018 




What's a buyer to do? Despite the threat of rising rates, tighter mortgage regulations and well-intentioned government intervention, the Greater VancouverArea (GVA) real estate market continues to defy expectations. Fraser Valley's HPI Benchmark Price — which measures the rate at which housing ...


Vancouver condo flips flying under the radar 


The Globe and Mail 


In February, the B.C. government introduced new tax measures aimed at returning home prices to a semblance of something approaching affordable, while also collecting funds to create much-needed affordable housing. The budget addressed investment properties left empty, and introduced a more ...


See how hot Metro Vancouver's real estate is on this interactive map 


Daily Hive 


A newly created, interactive heat map provides some unique insight into which Metro Vancouver neighbourhoods are on fire when it comes to real estate, and which ones are simply too hot to touch. The heat map was created by EstateBlock, which describes itself as “an innovative Real Estate Search ...


Commercial real estateVancouver's growth will depend on building more office space 


The Province 


Only two high-end office spaces of 30,000 square feet or larger remain available for lease in downtown Vancouver, according to a new tenant profile report by commercial property firm Avison Young. By the end of the first quarter of this year, there were 11 class-AAA buildings, certified in Leadership in ...



BC to spend $1.9 billion to help build rental housing over the next decade 


Vancouver Sun 


VICTORIA — British Columbia's government is investing $1.9 billion over the next 10 years to help build 14,000 affordable homes for renters. Premier John Horgan says fixing the housing crisis in the province isn't just about ownership, but making sure that those who rent can find and afford homes ...


News – April 16, 2018 


Home Prices See Double-Digit Increase in Greater Vancouver off of Extremely Low Inventory Levels 

Canada NewsWire (press release) 

"Greater Vancouver's real estate market continues to be defined by low supply levels," said Randy Ryalls, general manager, Royal LePage Sterling Realty. "As we have seen time-and-time again, the effects of demand-side policies are largely short-lived. The only way that we can create a healthy and ...


Canada's average home price drops over 10% year-over-year in March 

Excluding Toronto and Vancouver, the average home priced slipped to $383,000 a dip of 2 per cent since March of 2017, CREA said. ... Overall, CREA's stats also portray a national housing market where house hunters are more likely to hold off for a better deal, while home sellers aren't quite ready to ...


Sellers blame new mortgage rules as average Canadian house price falls 10% in past year 

The Canadian Real Estate Association said Friday that the number of homes sold also plunged, by almost a quarter from the same month a year ago, which ... says the average price can be a misleading indicator, because it is skewed by what's happening in big markets such as Toronto and Vancouver.


Push factor: Vancouver home sales fall as taxes on foreign buyers are implemented 

The Real Deal 

... to stop speculative investing and normalize housing prices. One of the key groups affected by the new rules are Chinese home buyers, who were the sources of the majority of foreign investment in the market. Vancouver's new costs could work to the advantage of other markets, such as New York City, ...




News – April 11, 2018


Canadian Housing Starts Trend Stable in March 

Canada NewsWire (press release) 


Rising March housing starts capped off a strong first quarter in starts in the Vancouver Census Metropolitan Area (CMA). Starts of multifamily condominium and rental units led the increase, with activity concentrated in the core areas of the City of Vancouver, Richmond, and North Vancouver in the first ...


Will bidding wars in Vancouver's condo market slow down anytime soon? This realtor doesn't think so 



Although Vancouver condo sales continued to drop in March, almost half of those sales were sold above asking price. Vancouver realtor Steve Saretsky says this confirms that bidding wars are still prevalent in the market, and will likely continue for some time. “We have fewer buyers but those fewer ...


Stress tests pushing one in three homebuyers to forgo home purchase: survey 

Financial Post 


Meantime, prices in Vancouver rose to $1,051,513 in January and February up 11 per cent from $950,184 during the same period in 2017. And in Calgary, the average residential sale price was $481,775, up 1.4 per cent from $475,288 a year ago. The OSFI stress test did not impact Western Canada's ...


Provincial government launches rental housing task force 

Vancouver Sun 


Vancouver NDP MLA Spencer Chandra Herbert, a long time advocate for renters, is set to head up a new task force looking at issues in the rental housingmarkets. Premier John Horgan, joined by Minister of Municipal Affairs and Housing Selina Robinson, announced Tuesday that Chandra, who is MLA ...


News – April 9, 2018 


Vancouver realtor and friends win record-setting Canucks 50/50 draw 

Vancouver Courier 

Vancouver realtor and friends win record-setting Canucks 50/50 draw. Derek Kai and two friends score half of a million-dollar ... A Vancouver realtor and two of his friends are $507,278 richer today. And it's not because he sold a million-dollar property. Derek Kai and his friends won Thursday night's ...


Editorial: Confiscatory taxes aren't the answer to housing woes 

Vancouver Sun

The Real Estate Board of Greater Vancouver says the sales-to-active listings ratio is nearing the mark where downward pressure on prices could occur. Before we start cheering on lower home prices, however, we might consider what the B.C. Real Estate Association has to say about the economic toll of ...


RBC CEO says housing market slowdown a welcome shift in consumer psychology 

TORONTO _ The chief executive of Royal Bank says the housing market slowdown is a welcome shift in consumer psychology toward more caution. ... The Vancouver and Toronto region real estate boards, representing the country's hottest markets, reported double-digit annual sales declines in March ...



News – April 5, 2018 

March home sales slow in Metro Vancouver but prices stay high: real estate board 

VANCOUVER _ Metro Vancouver home sales over the first quarter of this year were the lowest in five years, but statistics from the Real Estate Board of Greater Vancouver show prices remain high. The board says home sales across the region in March tumbled 29.7 per cent compared with March 2017 ...


Rising rates and mortgage rules weighed on Vancouver's housing market last quarter. Here are 11 ... 


Metro Vancouver home sales just recorded the lowest first-quarter total since 2013. And, the Real Estate Board of Greater Vancouver (REBGV) points the finger squarely at the introduction of stricter mortgage regulations this year and rising interest rates as the culprits behind the Q1 2018 drop. A total of ...


Speculation tax is essential for housing affordability 

Vancouver Sun 

Those working people, meanwhile, are left to subsidize that elite with their income taxes, and they struggle to save up enough to pay for what is now unaffordable housing. If unchecked, cities like Vancouver become subsidized resort towns for the world's rich. There are three major problems with this ...


Hard to predict where the real estate market will go from here 

Squamish Chief 

According to the Real Estate Board of Greater Vancouver, the benchmark price of a single-family detached home in Squamish in February was $993,600, up 13.3 per cent over a year earlier and nearly double over five years ago. Townhouses averaged $848,600, up 16.3 per cent from last year and 157 ...


News – April 4, 2018 

Speculation tax expected to impact West Vancouver

North Shore News 

“We have a housing crisis and I can accept why government may want to tax vacant properties in an effort to either bring them into use as rental housing or to generate revenue to support other affordable housing,” he said. But, he warned, West Vancouver has very little housing stock that would be ...


Vancouver home sales fell twice as fast as a bank thought they would after BC NDP's new taxes 

... last year, when there were 3,579 sales, according to unadjusted data released by the Real Estate Board of Greater Vancouver (REBGV). Sales, however, went up by 14 per cent from February. Quarterly data provided by the REBGV showed sales dropping right across the region in every housing type.


March home sales slow in Metro Vancouver but prices stay high: real estate board 

Financial Post 

VANCOUVER — Metro Vancouver home sales over the first quarter of this year were the lowest in five years, but statistics from the Real Estate Board of Greater Vancouver show prices remain high. The board says home sales across the region in March tumbled 29.7 per cent compared with March 2017 ...


Vancouver and the Canadian Real Estate Bubble 

Vancouver, in British Columbia, Canada, is one of the most beautiful cities in North America. The metropolis is now being known for a much less envious reason: many real estate professionals hold the opinion that the Canadian city is now experiencing a real estate asset abnormal rise or what is ...


News – April 3, 2018 

How Has Vancouver Changed Property Taxes for Foreign Buyers? 

Mansion Global 

Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week's question. Q: I'm in Hong Kong and looking to buy a $2 million property in Vancouver. How do the new tax changes affect me? A: The 2018 British Columbian budget brought some changes to the way foreign ...


Developers ask for exemption from BC's speculation tax on development land 

Vancouver Sun 

The province faced a firestorm of criticism when it first brought out the idea of expanding the speculation tax introduced by the previous B.C. Liberal government to curb absentee foreign investment in Metro Vancouver housing. Communities such as Kelowna, West Kelowna, Parksville and Qualicum ...


It just got tougher to take Quebec's back door into Vancouver and Toronto real estate 

... under fire for creating a “trampoline effect” that has seen wealthy immigrants arrive in Quebec, obtain permanent residency and then move to other parts of the country, mainly Vancouver and Toronto. More than 46,000 applicants have already taken this route to these cities, and their housing markets.


Vancouver Hopes 'Empty Homes Tax' Can Help Stem Affordability Crisis 

Next City 

A property owner suggested to CBC that while the tax will lead to more housing availability, it won't necessarily drive down prices. And Davidoff argued that the city “painted with a very broad geographic brush” in establishing the tax, pointing out Vancouver's islands hold vacant homes but don't have the ...


News – March 29, 2018 

There's plenty of good news to be had in the Canadian housing market 


“Unlike Toronto and even higher-priced Vancouverhousing markets in the rest of our country remain affordable and healthy,” writes BMO senior economist Sal Guatieri, in a recent note. According to Guatieri, the worrisome national home sale numbers are largely result of big sales drops in Toronto and ...


BC speculation tax facing more pushback, a day after tweaks 

CTV News 

Just a day after bowing to pressure and tweaking its proposed real estate speculation tax, the British Columbia government is facing more pushback from those who ... Metro Vancouver Regional District (excluding Bowen Island and parts of Electoral Area A that aren't in the University Endowment Lands) ...


Will BC homeowners be unfairly penalized by the new speculation tax? These experts weigh in 


According to the British Columbia Real Estate Association (BCREA), the BC government didn't thoroughly explain how it plans to minimize the impact ... “For example, homeowners in the City of Vancouver could potentially be charged twice for leaving their homes vacant: once by the city and once by the ...



News – March 28, 2018

BC bows to housing-tax furor, cuts rates for Canadians with vacation homes 

The Globe and Mail 

The tax applies to Metro Vancouver, the capital regional district around Victoria, West Kelowna, Kelowna, Nanaimo-Lantzville, Abbotsford, Chilliwack and Mission. The Gulf Islands and Juan de Fuca, which were originally covered by the tax, and the Vancouver Island communities of Parksville and ...


BC real estate speculation tax scaled back; exemptions for rural areas 

Times Colonist 

The speculation tax, based on a percentage of property value and to be paid annually, will still apply to Metro Vancouver, the Capital Regional District (excluding the Gulf Islands and Juan de Fuca), Kelowna, West Kelowna, Nanaimo-Lantzville, Abbotsford, Chilliwack and Mission. “We have focused the ...


Vancouver needs more housing choices at prices the rest of us can afford 

Vancouver Courier 

What we need are more housing choices at prices the rest of us can afford. However, there are real obstacles to producing this housing. Firstly, there's the high price of land. Given values along the Cambie Corridor and other Vancouver neighbourhoods, the cost of land for a space equal to that occupied ...


Vaughn Palmer: NDP backs down on half-baked speculation tax 

Vancouver Sun 

First and foremost, the New Democrats no longer intend to treat most British Columbian owners of vacation and recreational properties as real estate speculators in their own province. Second, many of the province's prime vacation and holiday communities were placed beyond the reach of the tax, relief ..

News – March 27, 2018 

$105-million real estate deal reveals hot Vancouver market's inner workings 

The Globe and Mail 

The court decision – as well as the array of property records connected to the sale – provide a rare look into the hidden inner workings of land assembly in Vancouver's hot real estate market, where buyers purchase properties to lay the groundwork for larger redevelopments, aided by recent changes in ...


BC tweaks speculation tax to protect locals with vacation homes 

CTV News 

James told reporters Monday the tax will not apply in smaller, rural communities that aren't facing a housing crisis. Homes with a value of a less than $400,000 will also be exempt, James said. Those who own a vacant home worth more than that will receive a refundable tax credit on the first $400,000 of ...


8 facts you need to know about Metro Vancouver's condo market heading into spring 


... more affordable home option. And this trend is expected to persist in the coming months. In February, the benchmark price of a condo was $682,800, a 27.2 per cent increase from a year ago, according to the latest data from the Real Estate Board of Greater Vancouver (REBGV), published this month.


BC cities dominate list of Canada's most costly markets to buy home on one income 

Business in Vancouver 

We all know Vancouver real estate is expensive, so it's no surprise that the city tops the list of Canada's most expensive regions in which to buy a home for a single-income earner in a new Zoocasa study. What may be a little more surprising is that Toronto – also known for having real estate prices that 


News – March 26, 2018 


On-site amenities a big draw at Fraser Commons 


Vancouver Sun 


Serracan Properties founder Gino Nonni has been in the real estate business for 35 years and his company's work spans nearly every type, whether mixed-use, commercial or residential. Serracan's latest venture is Fraser Commons, a residential development in south Vancouver, the first under the ...




What's driving prices upwards in Canada's hottest housing market? According a new report ... 




Ahead of the seasonal buying rush, BMO has released its annual spring housing affordability report. One factor the bank believes will be pushing prices higher in the next few months? Millennial homebuyers. “The perennially hot markets of Toronto and Vancouver are largely driven by the impact of ...




B.C. speculation tax changed to exempt Gulf Island properties


Modifications to the BC Speculation tax will see differential rates applied to those who hold vacant properties: BC residents who are Canadian citizens and permanent residents will pay 0.5% of assessed value, non-BC Canadian residents (again need to be a Canadian Citizen or permanent resident) will pay 1% of assessed value and foreign investors will pay 2%. 




The province has also defined long-term rentals as being 6 months, and exempted the Gulf Islands and rural parts of Vancouver Island and the Fraser Valley. For more information : Click Here



News – March 21, 2018 

 Condo Prices Rise At The Fourth Fastest Pace In History

Better DwellingLower condo sales and higher inventory should relieve some of the pricing pressure in Vancouver, right? Not according to numbers published by the Real Estate Board of Greater Vancouver. ... Greater Vancouver Real Estate Board (REBGV) numbers show that prices made a huge leap in February.


Interactive map: Where BC's biggest real estate deals were done

Business in Vancouver

So while there were fewer deals over $100 million on Business in Vancouver's Top 100 Real Estate Deals of 2017 list – six compared with eight in 2016 – the value of the deals ranked in the middle of the list increased. The rise in median real estate deal values is also supported by the declining value of ...

 Housing Advocates Rise Up to Tackle Unaffordability

Vancouver's storm has common challenges like population growth and debates over land use. But there's also the challenge of domestic and foreign speculation. Media investigations have revealed that laundered casino and drug money is being funnelled into real estate. And on the national level, the ...


Canadian housing price index falls for the 4th time in 6 months

Mortgage Broker News

Meanwhile, even though Vancouver's price index saw increases in February, Pinsonneault cautioned that the trend is unlikely to last. Latest data from the city's real estate board supported this projection: Vancouversingle-family home sales fell 39.4% year-over-year in February



News – March 20, 2018 


Realtors question legality of new taxes as foreign buyers exit cooling Vancouver housing market ... 




Within real estate circles, the effect of new taxes aimed at foreign buyers cashing in on Vancouver's superheated housing market has been palpable. Shawn Anderson, a realtor with Engel & Völkers Vancouver, says the change has been a psychological one. “We've started to really notice the slow-down ...




How our prices rank in the world: Montreal (rising), Toronto (stable), Vancouver (easing, but ouch) 


The Globe and Mail 


Canadian cities are hardly cheap – Vancouver's costly and Montreal's getting pricier – but they're stable and far less expensive than many other cities .... whatever alternative trade facts President Donald Trump happens to spout because, by his own admission, he doesn't know if they're even real.




Vancouver learns some hard lessons after housing fight 


The Globe and Mail 


The smoke has cleared at the B.C. Court of Appeal, with the City of Vancouver emerging victorious over some residents in the Marpole neighbourhood who oppose a temporary housing project for homeless people. There is a lesson here for the opponents: Litigation can't remove homeless people from ...




City council to debate controversial new real estate tax 




The report is critical of the proposed tax, suggesting its negative impact on the local real estate market has not fully considered by the provincial government. ... The tax also affects homeowners in Metro Vancouver, the Fraser Valley as well as the Vancouver Island regions of Victoria and Nanaimo.



News – March 13, 2018 

Vancouver bid for new condos' charge stations likely won't hike prices 

Vancouver Sun 

A City of Vancouver proposal to ensure all parking spots in new condo buildings are equipped with charging stations likely won't boost the selling price of the units. City council on Wednesday is scheduled to vote on a staff recommendation to mandate that the number of electrical charging stations jump ...


Vancouver And Abbotsford-Mission Sweep Top Spots in Economic Growth In 2018 

Canada NewsWire (press release) 

This will shave growth in construction and in finance, insurance, and real estate. These were two of the region's top-performing sectors, but will throttle back along with Vancouver's housing market. Housing starts are anticipated to decline over the next two years, but will remain comfortably above the ...


'Twas ever thus? Vancouver real estate headlines 30 years ago 

Vancouver Courier 

It's easy to think that the problems facing Vancouver's housing market are relatively new. But if you take a look back at headlines from 20 or 30 years ago, you'll see a different story. Thanks to an extensive collection of real estate news clippings from Vancouver Courier columnist and local developer ...


Column: A wealth of reasons why BC's Speculation Tax misses the mark 

Richmond News 

This number was significantly lower than previous vacant home estimates, which had so often be seen by many as the cause of our housing affordability crisis. In fact, we will not know to what extent foreigners are using Vancouver real estate as a safety deposit box, nor how much money the city will ...


News – March 12, 2018 


BC home sales to fall as interest rates rise, but prices stay strong: BCREA 





VANCOUVER – Real estate experts in British Columbia predict residential home sales will dip this year but remain well above the province's 10-year ... The British Columbia Real Estate Association has released its 2018 first quarter housing forecast, showing residential sales are expected to fall 8.6 per ...


Greater Vancouver housing demand to slow in 2018: BCREA 


Business in Vancouver 


Home sales across Greater Vancouver are expected to drop 8.2% this year after declining 10.5% in 2017, according to a new housing forecast from the British Columbia Real Estate Association (BCREA). The BCREA forecasts around 33,600 units sales will take place this year across the region, down ...


National housing starts hold steady in February 


Mortgage Broker News 


Vancouver played a large role in keeping national starts relatively stable, CMHC stated. “February housing starts in the Vancouver census metropolitan area (CMA) continued to build on the increase in construction activity in the previous month, leading to a strong start to the year in 2018. The North ...

Vancouver council to vote on bylaw requiring all new builds to be equipped with electric vehicle ... 


Vancouver Sun 


City council will vote this week on a bylaw amendment that would require all parking spots in new condos be equipped for electric vehicle charging. Mayor Gregor Robertson is pictured in this file photo posing with one of the city's electric vehicles and charging stations. Arlen Redekop / Vancouver Sun.


News – March 9, 2018 

BC home sales to fall as interest rates rise, but prices stay strong: BCREA 

Times Colonist 

A sold sign is pictured outside a home in Vancouver, B.C., Tuesday, June 28, 2016. Real estate experts in British Columbia predict residential home sales will dip this year but remain well above the province's 10-year average, although they warn rising interest rates could leave some B.C. households ...


2018 BC Budget: What It Means for BC Real Estate


[16] However, if the written agreement is assigned to a foreign entity or taxable trustee on or after February 21, 2018, then the foreign buyer tax will apply.[17] Moreover, no transitional period exemptions are available for transactions involving property located in the Greater Vancouver Regional District.


Vancouver's West Side real estate market experiencing major slowdown 

It has all the earmarks of a housing market ready to go into decline. But for some reason, the average price of a West Side house this year still remains significantly higher than last year: $4.108 million to $3.745 million. It's a similar story with West Side condos. The number of units sold has fallen 33 ...


Vancouver levies property vacancy tax 

MacroBusiness (blog) 

Empty and deemed-empty properties will be sent a tax bill in mid-March with payment due by April 16. The bill is one per cent of the home's assessed value as of July 2017. Most of the 8,481 empty, underused or undeclared properties are condos, at 60.6 per cent. Single-family homes made up 33.5 per ...


Bank of Canada takes wait-and-see approach on NAFTA, housing debt with interest rate decision 

Business in Vancouver 

... Board of Trade event on Thursday (March 8), where Lane told a crowd of Lower Mainland business officials that - despite favourable conditions in places like B.C. - there are signs of uncertainty, most notably in free-trade agreements like NAFTA and in the housing markets of Vancouver and Toronto.



News – March 8, 2018 


Vancouver Empty Homes Tax To Affect Thousands Of Properties 


HuffPost Canada 


Nearly 8,500 homes have been declared vacant or underused in Vancouver after the submission deadline passed for the city's new empty homes tax. Condos and apartment buildings are seen in downtown Vancouver on February 2, 2017. VANCOUVER — Nearly 8,500 homes have been declared ...




Canada housing starts, building permits rise on condo strength 




OTTAWA (Reuters) - Canadian housing starts rose unexpectedly in February and building permits surged in January as demand for condos continued to bolster ... Condodemand has been strong in Toronto and Vancouver, in part because it is the only affordable housing left after a long boom spurred ...




Despite stricter mortgage rules, Vancouver home prices are rising. This expert explains why 




However, despite the stricter rules, home prices have continued to rise in Metro Vancouver and tight supply is to blame according to an economist from one of the country's biggest banks. ... Condos saw the largest year-over-year price gain, by far, rising 27.2 per cent to $682,800 from February 2017.




Homebuyer forum to address trends in alternative home financing 




VANCOUVER (NEWS 1130) – It's a question almost every first time homebuyer faces in Metro Vancouver: How can we afford to purchase a place in such an unaffordable market? Many would-be property-owners have been forced to get creative, looking at alternatives to traditional real estate financing ...



News – March 7, 2018 


More than 2000 homeowners to be taxed under Vancouver's empty homes tax 


Vancouver Sun 


Of the nearly 8,500 homes that were declared vacant, condos accounted for 60.6 per cent while single-family homes made up 33.5 per cent. Multi-family properties and other types of housing accounted for just 5.9 per cent. The city will now conduct audits to verify declarations. Those who receive a ...




Vancouver homebuyer forum to tackle creative, risky buying strategies 


Vancouver Sun 


With Metro Vancouver home prices far outpacing local incomes, some residents have considered or used creative, complicated, and in some respects riskier buying options to get a foothold on the property ... And if you can't afford to buy land, look for condos near transit hubs and educational institutions.




RBC chief issues warning to foreign investors in Canadian real estate


The Globe and Mail 


"We do not need foreign capital using Canadian real estate as a piggy bank," David McKay, said Tuesday at a bank conference in New York hosted by the Toronto-based ... A surge of foreign money into Canadian housing had been adding "gasoline" to markets in Vancouver and Toronto, McKay said.




There's a home shortage for the 65+ population in Vancouver. Here's the key to fixing it 




As Vancouver faces a housing shortage and the city's population ages, international developer Grosvenor says densification is needed to increase ... Although there is currently demand for new residential condos in the city, Patillo says there is resistance to these types of developments, particularly in ...





News – March 1, 2018 

 BC's new taxes on $3M homes could lean hard on Vancouver's west side, maps show 

They show that there's a $3-million line where another boundary once divided Vancouver between areas with single-detached homes worth $1-million or less. And now, that new line marks out which properties could be hit with a pair of new taxes that were introduced with the 2018 provincial budget.


Canadian commercial real estate set to break investment record for third consecutive year in 2018 


According to the commercial real estate and investment firm, 2018 could see commercial real estate “set a historic treble of consecutive investment ... this growing demand until at least 2020, CBRE predicts downtown vacancy will dip to 3.3 per cent in Toronto and 4.9 per cent in Vancouver this year.


Home search: Quick thinking wins the race for Yaletown condo owner 

Then I started to like living in Vancouver,” she said. Demand for homes remains high in Vancouver and nearby cities, especially for condos. According to a recent report by the Real Estate Board of Greater Vancouver (REBGV), the average sales to active listings ratio for properties in January 2018 was ...


Debate sparked over BC budget's housing crisis initiatives 

Business in Vancouver 

Indeed, a glance at the Real Estate Board of Greater Vancouver's benchmark price for housing in the region shows a 75% increase since the province introduced a heightened tax on foreign nationals' purchases of residential properties in Metro Vancouver. The increase occurred even as foreign ...


Concert Properties' Burquitlam proposal gets first glance 

Business in Vancouver 

This area is currently zoned for three-storey apartments with approximately 200 units still being rented and a relocation plan being worked out for residents. The developer seeks a rezoning to construct six towers — two 37-storey rental towers, with approximately 654 units, four market condominium ...


News – February 28, 2018

BC's new taxes on $3M homes could lean hard on Vancouver's west side, maps show 

B.C.'s new taxes on properties worth $3-million or more could lean hard on West Vancouver and Vancouver's west side, traditionally some of the ... That doesn't necessarily mean that most of the taxation will be concentrated in this areas — the maps don't account for condos or townhomes worth that ...


Want a brand-new, completed home? Look outside Vancouver

Vancouver Courier 

The development industry body's quarterly State of the Market analysis, carried out for the UDI by research group Urban Analytics, found that there were just two townhomes(both priced above $1 million) and one solitary new condo that were completed and available for sale within Vancouver proper, ...


Developer plans to revive Hollywood Theatre, add condos

Vancouver Courier 

A development company has applied to the City of Vancouver to restore and revive the former Hollywood Theatre on West Broadway near Macdonald Street, and build an adjoining mixed-use retail and condo building. The company, 4184 Investments, Ltd., is proposing that the theatre – which was built ...


OPINION: BC NDP searching for 'sweet spot' in housing market 

Burnaby Now 

Of course, on the flip side, the NDP has to take care their package of housing measures do not cause a real, prolonged and steep decline in prices. The Bank of Canada has estimated that a 25 per cent price drop would put one-in-four homeowners in Metro Vancouver “underwater”, which means their ...


Domestic bank loans are also to blame for red-hot real estate: study 

A new study says while housing speculation and lack of supply are often talked about, bank lending is also part of Metro Vancouver's housing crisis. ... According to a new study by the B.C. Government & Service Employees' Union (BCGEU), there's a missing element in the region's housing crisis.



News – February 27, 2018


Why BC's new real estate speculation tax is not a speculation tax 


Vancouver Courier 


I was among many who supposed this would take the form of a tax applied upon the sale of a property – say, if a home is flipped by a non-resident within a certain limited time period. For example, a non-resident (for tax purposes) owner who sells a Vancouver home within a year of buying it would have ...




NDP housing plan double-counts thousands of Liberal units 


Vancouver Sun 


She said that meant a Vancouver project with 61 units saw planned rents of $2,428 a month for three-bedroom units fall to $1,663, and rents of $950 for one-bedroom units fall to $845. In a Kelowna project, she said it drove the price of a three-bedroom unit from $1,483 a month to $1,129. “What would be ...




Hong Kong's Aoyuan has big plans in Vancouver, Toronto 


Real Estate News EXchange 


In Toronto, Aoyuan's $201-million acquisition of property at 5799 to 5915 Yonge St. and 46-47 Averill Cr. from Silvercore Inc. in September was the 10th-largest commercial real estate transaction of 2017 in the GTA. It will be the company's largest master-planned community in Canada. Aoyuan will ...




When it comes to Vancouver real estate, millennials don't appreciate comparisons to the 90s 


Do you ever see a comment online that you just have to respond to? It happened to me this weekend. There was an online debate about — what else is new — Vancouver real estate, and young people feeling they have to leave the region because it's too expensive. Laura Ballance, the owner of a PR ...



News – February 26, 2018

Home prices fall by up to 73% in Metro Vancouver as BC budget begins to bite 


Home prices in Metro Vancouver are falling by as much as 73%, suggesting that budget measures announced by the NDP government to promote affordable housing by tackling rampant crime, corruption and speculation in the real estate market is beginning to work even before they come into force.


Study, panel explore missing element in Vancouver's housing debate: banks 

MetroNews Canada 

Finch said the B.C. NDP's first full budget, released last week, contained some promising elements on housing, including luxury real estate tax measures — but warned that without more focus on land taxation, speculators could simply shift their activites into the $500,000 to $1 million range of homes ...


Green Party pressures BC government to specify what 'moderating' housing market means 

In response, B.C. government officials have pointed out that it only affects homes in the regional districts of Metro Vancouver, Fraser Valley, Nanaimo, Victoria and the municipalities of West Kelowna and Kelowna — meaning the vast majority of lake and mountainside cottages and chalets will not be ...


Surprise ruling may be end of Vancouver condo 

The Globe and Mail 

The majority voted against it. The project was then scaled back to 90 feet, with no social housing, and went to the city's development-permit board, where Vancouver's three top bureaucrats voted 2-1 against it. It was the first time in the history of the board, which was created in 1974, that a project was ...



News – February 23, 2018


Mixed reviews for BC's efforts to cool the hot housing market 


CTV News 


Cameron Muir, chief economist at the Real Estate Board of B.C., said plans to help build 114,000 affordable housing units will offer much needed supply for rental and low-income properties. But he said a tremendous undersupply of available homes in Metro Vancouver, Victoria and Kelowna, coupled ...




Budget housing measures to impact West Vancouver


North Shore News 


West Vancouver Mayor Michael Smith said he supports the goal of ending speculation in the real estate market, but isn't sure the province is going about it the right way. To really make an impact, those who invest in housing just to flip it should have their profits taxed as business income, said Smith.




It's time to move on from single family homes, says UBC sociologist 


"This was really a pretty broad swipe at actually trying to improve the housing circumstances for a lot of people in B.C.," he told Stephen Quinn, the host of CBC's The Early Edition . Roughly 80 per cent of of Metro Vancouver is still zoned for single family homes. When it comes to densification, attitudes ...




Real estate industry casts doubt on BC's housing affordability plan 


Muir also questioned the expanded foreign buyers tax, which is increasing from 15 to 20 per cent, and extending to regions outside Metro Vancouver to include the Fraser Valley, Victoria, Nanaimo and the Central Okanagan. He argues only 0.3 per cent of home sale in Kelowna in 2017 were foreign ...




Global responses to hot housing markets: from taxes to tightened rules 


The Globe and Mail 


The story in Australia, particularly in Sydney and Melbourne, is similar to that of Vancouver: a housing price boom fuelled by factors that include a strong economy and overseas buyers. Last spring, the country's banking regulator, the Australian Prudential Regulation Authority, made what looked like a ...




Thousands of properties undeclared as empty homes tax deadline looms in Vancouver




“With a near-zero vacancy rate in Vancouver, our key goal is to shift empty or under-used housing into the rental market. The City has done extensive advertising and notifications about the Empty Homes Tax for more than a year — all homeowners should know that they have to file a declaration, or their ...



News – February 22, 2018


Vancouver City Council passes motion calling for real estate 'flipping tax' 


The provincial government unveiled a suite of new taxes aimed at cracking down on property speculators on Tuesday, but Vancouver City Council says it doesn't go far enough. Tuesday's provincial budget included a new two per cent tax on property speculators, an expansion to the foreign buyers' tax ...




New condos on former Mount Pleasant coffee shop site now up for pre-sale 


Vancouver Sun 


Condos that will soon sit on the Mount Pleasant lot where Bean Around The World used to be are now for sale – which you can afford if you give up about 200,000 lattes. The development located at Main Street and Twentieth in Vancouver's Mount Pleasant – named Main & Twentieth – is currently being ...




BC unveils housing plan that raises foreign buyers levy and taxes speculators 


CTV News 


VICTORIA -- British Columbia is raising its foreign buyers tax and expanding it to areas outside of Vancouver, while bringing in a new levy on ... Cameron Muir, chief economist at the B.C. Real Estate Association, said the tax could hit B.C. residents who have vacation properties or second homes, as the ...




Canadians with BC vacation homes to be hit with new tax 


The Globe and Mail 


Rooftops of houses in the Kitsilano neighbourhood and the downtown core are seen in the hot real estate market of Vancouver in 2017. ... British Columbia's new property tax targeting out-of-province owners will hit Albertans and other Canadians who have vacation homes there with a big additional bill ...




Vancouver's hot housing market just got tougher for wealthy Chinese 


Financial Post 


An Airbnb Canada ad for a Coal Harbour studio view in Vancouver. Airbnb Canada. Separately, the government and Airbnb Inc. have reached an agreement requiring the company collect an 8 per cent provincial sales tax and as much as a 3 per cent local tax on short-term rentals, according to budget ...



News – February 21, 2018


'Dual agency' real estate rules booted to June 



Business in Vancouver 


The date change follows publication of “New 'Dual-Agency' Rules Sowing Seeds of Confusion” (Business in Vancouver issue 1475; February 6-12) that reported on widespread confusion and fear in the residential real estate industry over how the Real Estate Council of BC (RECBC)was planning to ...




BC Budget 2018: Big spending on child care, housing; foreign buyer tax expanded 


Vancouver Sun 


Janet Austin, CEO of the YWCA Metro Vancouver, said her organization was “very pleased” with both the child care and housing announcements, because the YWCA offers both services. She said government hit the right notes of affordability, maintaining spaces and quality of care in the child care plan.




British Columbia Cracks Down on Foreign Housing Speculators 


Wall Street Journal 


Soaring real-estate prices of more than 30% in a single year prompted British Columbia in the summer of 2016 to slap a 15% tax on house purchases by non-Canadians in the Vancouver market, making it the first jurisdiction in the country to take such a step. Vancouver housing prices slowed in the ...




Vancouver Ranked #4 City In The World Most At Risk For Real Estate Bubble 




As we all already know, Vancouver's housing market is a bit of a gong show and this ranking probably shouldn't come as much of a surprise to us. But rather, simply confirming that our city continues to be a risky investment. UBS is a Swiss global financial institution that publishes a Global Real Estate ...




Young families wanting tougher stance on affordability crisis look to BC budget 


Affordability is top of mind for many people living in Metro Vancouver who are looking at the 2018 B.C. budget for answers and solutions. Alec Smecher, a Vancouver ... Property taxes, utilities and child care are all going up and driving families out of the neighbourhood, she said. "Ongoing costs keep ...



News – February 20, 2018


BC readies housing affordability plan amid skyrocketing home prices and soaring rents 


Financial Post 


Condos and apartment buildings in Vancouver. Experts anticipate a mix of supply and demand levers in the B.C. NDP's new housing policy, including a speculation tax and a widening of Vancouver's foreign buyer tax, introduced by the previous Liberal government in 2016, to include more cities.




Vancouver city councillor wants foreign-buyer restrictions on real estate 


MetroNews Canada 


Vancouver city councillor Adriane Carr plans to introduce a motion Tuesday asking council to support restrictions on foreign buyers in the real estate market, ... planner Andy Yan, have called attention to the issue by releasing statistics that show non-residents own 10 per cent of the condos in Vancouver.




Canadian families find unexpected benefits from living in small spaces 


The Globe and Mail 


Adrian Crook hadn't always intended on raising his five kids in a three-bedroom condo in downtown Vancouver. But skyrocketing real estate and rental markets across much of the country have some families choosing small spaces over suburban sprawl – and finding unexpected benefits. Crook moved ...




Vancouver mentioned its plans to address housing crisis in bid for Amazon HQ2 


The Globe and Mail 


Vancouver's ultimately unsuccessful bid to get Amazon's second headquarters included an entire page dedicated to reassuring the company that governments are tackling the region's housing crisis. While the 26-page document sold the region as a place that is green, rich in well-educated potential ...




In NDP's 1st budget, housing advocates 'finally' get to see what BC government will do 


What's the best word to describe the talk around the budget the B.C. government will present on Tuesday? Speculative. "There's a lot to be hopeful about, and we're looking to see if the hard numbers in the budget match that ambition," said Alex Hemingway, a public finance policy analyst with the ...



News – February 19, 2018


Clark County buyers eager for condos, but developers skittish 


The Columbian 


Prestige Development has twin apartment buildings, paired as Our Heroes Place, going up in downtown Vancouver near the intersection Southeast Mill Plain Boulevard and D Street. One of the towers may be converted into condominiums, Kassab said, but that decision is still at least a month away.




BC budget to include comprehensive housing plan: Finance Minister 




Recent statistics from the Real Estate Board of Greater Vancouver shows the average price of a detached home was $1.6 million, and the average price of an apartment was $665,400. Vacancy rates for renters are at one per cent or lower in most cities across B.C., including Victoria and Kelowna.




Big family, tiny space: Canadians are increasingly embracing small living 


Toronto Star 


VANCOUVER—Adrian Crook hadn't always intended on raising his five kids in a three-bedroom condo in downtown Vancouver. But skyrocketing real estate and rental markets across much of the country have some families choosing small spaces over suburban sprawl — and finding unexpected ...




Youth pay the price for British Columbia's real estate crisis 


The Globe and Mail 


If you analyze the census data, it becomes incredibly clear that a large portion of the money being used to purchase real estate in Vancouver has not been earned in Vancouver. We are told that outside buyers are a small but significant portion of the purchases in the market. But these statistics don't ...




Mixed emotions greet Vancouver temporary housing project 


The Globe and Mail 


In a couple of weeks, it will be given to one of 78 people moving into Vancouver's newest temporary housing project for the homeless – an experiment that is a first for any North American city with its model of putting stacked trailer-like units onto temporarily vacant properties around the city.



News – February 16, 2018

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

The Globe and Mail 

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


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

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


Burrard Place redevelopment progresses 

Business in Vancouver 

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


West Vancouver to call on province for tax burden shift 

North Shore News 

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


Canadian home sales hit lowest level in three years

Toronto Star 

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


News – February 15, 2018

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

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


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

Vancouver Sun 

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


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

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


Construction wages expected to increase 10%: ICBA 

Business in Vancouver 

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


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

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


News – February 14, 2018


No new condos in Vancouver for $500K or less 

Vancouver Courier 


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



Vancouver drives house price index in January: National Bank 


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



BC down payment loans boosted home prices 0.6 per cent 

Vancouver Courier 


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



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



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



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

Vancouver Courier 


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


News – February 13, 2018


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

Times Colonist 

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


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

Better Dwelling 

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


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

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


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

Vancouver Courier 

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


Vancouver unveils Marpole temporary modular housing 

Vancouver Sun 

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



News – February 9, 2018


West End proposal mixes ultra-luxe condos with social housing 


Vancouver Courier 


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


Sales of attached properties above historic averages 


The Record (New Westminster) 


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


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


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


Chilliwack real estate sales remain steady, prices continue to rise 


Agassiz-Harrison Observer 


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


District of North Van advances Maplewood Village development plan 


Business in Vancouver 


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


News – February 6, 2018


Vancouver's condos, townhomes in high demand 

Mortgage Broker News 

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


False Creek Flats area faces soaring price pressure 

Business in Vancouver 

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


New 'dual agency' realty rules sowing seeds of confusion 

Business in Vancouver 

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


Canadian mortgages held by foreigners grow, says housing agency 


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


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

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



News – February 5, 2018


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

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


Affordable rental homes included in proposed downtown Vancouver luxury condo development 

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


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

The Globe and Mail 

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


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

HuffPost Canada 

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


North Vancouver mayors tackle condos and commutes 

Vancouver Courier 

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


News – February 2, 2018


Condo, townhome demand rises in Metro VancouverReal estate board 


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


North Vancouver mayors talk condos, commutes, congestion 

North Shore News 

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


UBCM seeks measures to cool real estate speculation in BC 

Vancouver Sun 

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


BC cities call for tax changes to address housing affordability 

CTV News 

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


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

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



News – January 31, 2018


Housing price increases in Fraser Valley outpace Vancouver 


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



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


Financial Post 


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



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



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


Modular housing project proposed near Olympic Village SkyTrain station 


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



Andrew Weaver to put forward Green Party housing policy recommendations 


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



News – January 30, 2018


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


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




Vancouverites have 4 days left to submit empty homes declarations 


CTV News 


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




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


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




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


The News 


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




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




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



News – January 29, 2018

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


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


Canadian pension funds eye further real estate allocations 

The Investor JLL 

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


Langley City sets $100 million construction record 

Aldergrove Star 

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


Editorial: BC's south needs more northern exposure 

Business in Vancouver 

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


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


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



News – January 26, 2018


Vancouver to adopt 'locals-first' housing strategy 


The Globe and Mail 


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




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


Vancouver Courier 


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




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


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




New rental building proposed for East Hastings 


Vancouver Courier 


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




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


Vancouver Sun 


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


News – January 25, 2018

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

Better Dwelling 

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


Final plan for Northeast False Creek goes before council 

Vancouver Courier 

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


Arbutus Village developer wants more density – because of housing crisis 

Vancouver Courier 

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


Heritage homes at risk of bulldozer in West Vancouver

Vancouver Courier 

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


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

HuffPost Canada 

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


News – January 24, 2018


Victoria ranked Canada's second-least affordable housing market 


CTV Vancouver Island 


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



Condos approved for North Vancouver Telus site 


Business in Vancouver 


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


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


HiBusiness (blog) 


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


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


Vancouver Courier 


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




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




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


News – January 18, 2018

Project flow picks up in Vancouver condo pipeline 

Business in Vancouver 

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


Home Listings In Vancouver Real Estate Escalates 

HiBusiness (blog) 

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


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

The Province 

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


Why the 'Housing Crisis' Is Really About Globalization 

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



News – January 17, 2018

Horgan dismisses call to ban foreign ownership of BC real estate 

The Globe and Mail 

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


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

HuffPost Canada 

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


Housing affordability in Greater Vancouver could erode further in 2018 


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


Vancouver Among The Most Exorbitant Real Estate Market Globally 

HiBusiness (blog) 

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


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

CTV News 

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


News – January 16, 2018

Can more housing supply resolve the affordability crisis in Vancouver

The Globe and Mail 

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


Canada's mortgage changes could hurt overall economy 

Business in Vancouver 

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


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


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


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

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


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

Vancouver Sun 

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


News – January 15, 2018

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

Business in Vancouver 

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


Vancouver housing market shrugs off tax to outpace GTA 

The Globe and Mail 

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


Home sales, average prices rose ahead of stricter mortgage rules 

CTV News 

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


Can more housing supply resolve the affordability crisis in Vancouver

The Globe and Mail 

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


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

Better Dwelling 

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



News – January 11, 2018

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


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


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


MetroNews Canada 


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


Vancouver mayor will not seek re-election amid housing crisis 


The Business Times 


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


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


Surrey Now-Leader 


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


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


Vancouver Sun 


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



News – January 10, 2018

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

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


Greater Victoria set record for housing starts in 2017: report 

CTV Vancouver Island 

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


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


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


Vancouver's empty homes tax prompts audits 

CTV News 

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


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

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



News – – January 9, 2018

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


The Globe and Mail 


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




Condos Fuel Strongest Year in a Decade for Canadian Builders 




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




Montreal real estate market has best sales growth in a decade 




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




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


Richmond News 


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




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


Vancouver Sun 


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



News – – January 8, 2018

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

Financial Post 

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


Canadian real estate market outlook 2018 


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


Daryl Katz Lists Vancouver Penthouse Condo For $38 Million 

Huffington Post Canada 

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


Vancouver plans to build temporary modular homes near Olympic Village station 

Times Colonist 

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


Nanoose Bay property tops list of most expensive in region 

Parksville Qualicum Beach News 

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


News – – January 5, 2018

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

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


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

Vancouver Courier 

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


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

Huffington Post Canada 

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


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

Vancouver Sun 

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


Weekly Buzz: Vancouver foreign ownership and Bitcoin ban 

Western Investor 

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


News – January 4, 2018

Vancouver condo prices soar as seller's market emerges 

The Globe and Mail 

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


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

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


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

The Telegram 

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


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

Business in Vancouver 

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


Ottawa vague on helping City of Vancouver curb housing speculation 


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



News – January 3, 2018

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

Vancouver Sun 

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


Condos jump in value: BC Assessment 

North Shore News 

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


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

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


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

Financial Post 

VANCOUVER — The Real Estate Board of Greater Vancouver says home sales across Metro Vancouver were more “historically normal” in 2017, although the number of transactions was still the third highest in the past d