Real Estate News

The City of Vancouver has embarked on an ambitious housing plan to help a middle class that’s increasingly priced out or leaving the city altogether. So what does it all mean?

A new report says row housing, six- to 12-unit multiplexes and co-op housing would be more energy-efficient, would face less local opposition, and could be replicated across huge swaths of Metro Vancouver currently zoned for single-family detached homes.

Warm up the cheese fondue!

Real estate values continue to increase

Average single-family home prices increase in 2021 over 2020 figures

$11 million facility designed for independent living

CMHC-backed report has floated a surtax on all homes over $1 million. Targeting the top 9% of homeowners in Canada, the tax would only apply when a home is sold.

Average increase in regional district and City of Powell River is 43 to 44 per cent

“We are still seeing competing offers on houses and we’re seeing them selling for substantially higher than the asking price." ~ Powell River-Sunshine Coast Real Estate Board president Neil Frost

“In all residential sales, in October 2021, there were 17 units sold, compared to 56 in October 2020. It’s a big difference.” ~ Powell River Sunshine Coast Real Estate Board president Neil Frost