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Real Estate News

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
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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
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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
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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.
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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
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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?
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‘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
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Mass-timber, modular laneway homes aim to fill a housing need

Mass-timber, modular laneway homes aim to fill a housing need

Sustainable, precision-built, time-saving, modular “accessory dwelling units” on display at B.C. Home + Garden Show
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Cooling real estate market to hamper B.C. economy in next two years, says think tank

Cooling real estate market to hamper B.C. economy in next two years, says think tank

Downward trend in home sales is offsetting gains made in energy sector, reports Conference Board of Canada
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Opinion: Think the NDP wants home prices to fall? Think again

Opinion: Think the NDP wants home prices to fall? Think again

For all its talk of the market heading in the right direction, the B.C. Ministry of Finance is betting on an imminent recovery
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