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Real Estate News

Homeowners feeling the sting of rising interest rates

Homeowners feeling the sting of rising interest rates

Many now paying "equivalent of one extra mortgage payment" per year
Penthouse at Vancouver House – with rooftop hot tub – re-listed for $10.88M (IMAGES)

Penthouse at Vancouver House – with rooftop hot tub – re-listed for $10.88M (IMAGES)

Wealthy buyers who missed out first time can snap up purchase contract on arguably one of city’s most prestigious condos
City of North Van council approves 187-foot tower, pockets $17 million

City of North Van council approves 187-foot tower, pockets $17 million

It’s worth putting a highrise in Central Lonsdale to put $17 million in the city’s coffers.
Opinion: Is Canada’s housing market at extreme risk or out of danger?

Opinion: Is Canada’s housing market at extreme risk or out of danger?

Price correction imminent, soft landing achieved… it depends which economists you ask
Relief for B.C. renters on its way: Horgan

Relief for B.C. renters on its way: Horgan

Premier promises to act on recommendations of rental task force
Man ordered to fill illegal Burnaby suite with sand

Man ordered to fill illegal Burnaby suite with sand

Gurjit Jawandha built a basement suite in his home so the grandmother of his children would have a place to live while helping care for his kids. The City of Burnaby told him to demolish the suite and fill it with sand.
Open the door to short-term rentals, Airbnb tells municipal leaders

Open the door to short-term rentals, Airbnb tells municipal leaders

B.C. cities grapple with cost of enforcement of new regulations as hospitality industry changes
B.C. real estate downturn “largely behind us” – despite actual sales dropping

B.C. real estate downturn “largely behind us” – despite actual sales dropping

Demand for homes is gradually recovering and expected to pick up this fall, asserts BCREA
Let us decide on speculation tax, local leaders tell province

Let us decide on speculation tax, local leaders tell province

Local governments, not the province, should determine whether to impose a speculation tax on vacant properties, B.C. municipal leaders have agreed. Delegates to the Union of B.C.
Exactly how unaffordable are Metro Vancouver’s detached homes? (INFOGRAPHIC)

Exactly how unaffordable are Metro Vancouver’s detached homes? (INFOGRAPHIC)

Study reveals $159K chasm between median income earned and income needed for typical Burnaby South house purchase, with gap of more than $100K in rest of city