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Real Estate News

B.C. home buyer confidence damaged by new tax measures, says poll

If one goal of the B.C. government’s new housing taxation policies was to cool home sales in the province, it has likely succeeded, if the results of a new poll of real estate agents are anything to go by.
Vast Surrey villa re-listed for $28.8M, 10 times assessed value (PHOTOS)

Vast Surrey villa re-listed for $28.8M, 10 times assessed value (PHOTOS)

This massive, resort-style “Tuscan villa” in Surrey raised eyebrows and hit media headlines last summer with its record-breaking listing price of $28 million, 10 times its assessed value – later adjusted to $26 million and did not sell at the time.
‘Concerns remain’ over tweaked B.C. speculation tax

‘Concerns remain’ over tweaked B.C. speculation tax

Changes to the proposed B.C. speculation tax , announced by finance minister Carole James yesterday following a backlash from owners, have been broadly welcomed – but do not go far enough, according to industry groups.
Rent prices drop in Burnaby

Rent prices drop in Burnaby

What it costs to rent a one-bedroom suite in Burnaby dropped a bit in March, according to the Canadian Rent Report.
Province scales back speculation tax, cuts rate for B.C. residents

Province scales back speculation tax, cuts rate for B.C. residents

Under changes to the proposed speculation tax, B.C. residents will now only have to pay 0.5 per cent a year on second homes valued at $400,000 or above, finance minister Carole James announced in a media conference March 26. The tax will apply to B.
This really is moving houses: Entire Moodyville homes "recycled"

This really is moving houses: Entire Moodyville homes "recycled"

Since the houses were set to be demolished, buyers had to pay for the moving process only
Premier promises update to speculation tax in 'days ahead'

Premier promises update to speculation tax in 'days ahead'

The B.C. NDP government is responding to the backlash from B.C. home owners against the speculation tax, and will have an update on its details within days, Premier John Horgan announced March 21.
Canada’s 'top-tier' detached home buyers shifting sights to Montréal

Canada’s 'top-tier' detached home buyers shifting sights to Montréal

After years of Metro Vancouver leading the country in terms of soaring detached home sales, the recent softening of that market has paved the way for a boom in Montréal, according to a report published March 21.
Canada’s best and worst cities to buy home on single income (INFOGRAPHIC)

Canada’s best and worst cities to buy home on single income (INFOGRAPHIC)

Canada is a hugely diverse country – and so are its real estate markets. The Lower Mainland and Greater Toronto are notoriously expensive, while some areas are still extremely affordable – even if you’re on a single-person income.
Editorial: Is lodging one solution to our affordability crisis?

Editorial: Is lodging one solution to our affordability crisis?

Having a lodger living in the spare bedroom is a phenomenon that I am very familiar with, having grown up in the U.K. where such arrangements are common.