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Real Estate News

Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

Relatively small percentage of homes are jointly owned by a mix of resident and non-resident owners, according to federal housing agency

Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

Median value of Greater Victoria homes owned by foreign nationals is much higher than Canadian-owned homes, according to federal housing agency

B.C. real estate not alone as home prices slide across prime global cities

London, Sydney, Hong Kong and more seeing price declines over past year, reports The Economist – a correlation that could herald a global recession

B.C. real estate not alone as home prices slide across prime global cities

London, Sydney, Hong Kong and more seeing price declines over past year, reports The Economist – a correlation that could herald a global recession
City of Victoria wants province to change assessments on short-term rental condos

City of Victoria wants province to change assessments on short-term rental condos

Change proposed by city council would see such units assessed as commercial, not residential, for tax purposes
Former BC Hydro chair's waterfront home listed for sale (PHOTOS)

Former BC Hydro chair's waterfront home listed for sale (PHOTOS)

Ultra-luxe, energy-efficient, Frank Lloyd Wright-inspired house in West Vancouver is owned by clean-tech entrepreneur Mossadiq Umedaly
Province balks at condo Airbnb tax proposed by Victoria council

Province balks at condo Airbnb tax proposed by Victoria council

The province’s new speculation and vacancy tax declaration could provide a pathway to taxing condos being used as Airbnbs as commercial operations, says Victoria Coun. Geoff Young. But it doesn’t appear the province is prepared to go down that road.
Canadian cities have among highest homeownership rates in world: RBC

Canadian cities have among highest homeownership rates in world: RBC

Federal Budget measures to make homeownership easier for more Canadians need to “tread carefully,” says bank’s senior economist
Metro Vancouver home sales down on annual basis, but up from January

Metro Vancouver home sales down on annual basis, but up from January

With agents reporting busier open houses, and sales-to-listings ratio rebalancing, are there tiny signs of life in the region's real estate market?
‘Out-of-touch’ Liberal leader backtracks over dismissive renter comments

‘Out-of-touch’ Liberal leader backtracks over dismissive renter comments

Andrew Wilkinson, slammed for saying the challenge of paying rent is “fun,” takes to Twitter for some urgent damage limitation