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Real Estate News

UPDATED: Tla’amin Nation breaks ground for 24-unit housing development

UPDATED: Tla’amin Nation breaks ground for 24-unit housing development

$11 million facility designed for independent living
Could taxing all homes over $1M fix Canada's housing crisis?

Could taxing all homes over $1M fix Canada's housing crisis?

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.
Property assessments rise sharply in qathet region

Property assessments rise sharply in qathet region

Average increase in regional district and City of Powell River is 43 to 44 per cent
Real estate sales volume down, prices up in qathet region

Real estate sales volume down, prices up in qathet region

“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
Low inventory cited as reason for fewer real estate transactions in qathet region

Low inventory cited as reason for fewer real estate transactions in qathet region

“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
Province to introduce cooling-off periods for home buying

Province to introduce cooling-off periods for home buying

“We’re not sure what ­problem they are trying to solve with this,” says Victoria Real Estate Board president
Real estate market in qathet region has a scarcity of inventory

Real estate market in qathet region has a scarcity of inventory

Prices up, number of sales down
Initiative underway to permit short-term rentals in City of Powell River CD4 zones

Initiative underway to permit short-term rentals in City of Powell River CD4 zones

Zoning amendment recommended by director of planning services
Expect growth in markets that offer a solution for 'the missing middle'

Expect growth in markets that offer a solution for 'the missing middle'

Dwellings like rowhomes and duplexes are in low supply. Will addressing the issue see growth and appreciation of the next year?
This mini-Mediterranean resort is actually a $12.8-million Vancouver mansion

This mini-Mediterranean resort is actually a $12.8-million Vancouver mansion

Check out that lair.