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Real Estate News

Door shut on down payment loans for first-time buyers

Door shut on down payment loans for first-time buyers

A short-lived and little-used loan program for first-time homebuyers in B.C. is coming to an end. Applications under the B.C. Home Owner Mortgage and Equity Partnership will be accepted until the end of March.
Tempted to sell your Metrotown condo? Don't be too hasty

Tempted to sell your Metrotown condo? Don't be too hasty

Expert recommends that Burnaby condo owners should hold off for a collective deal if they're approached by developers
NDP taking housing affordability seriously with budget, says business prof

NDP taking housing affordability seriously with budget, says business prof

Urban Development Institute argues budget doesn’t address real problem
$500,000 doesn’t go far in Burnaby’s new condo market, report finds

$500,000 doesn’t go far in Burnaby’s new condo market, report finds

Half-a-million dollars will get you a 450-square-foot condo in Burnaby, according to a recent real estate survey. The survey by real estate data firm Altus Group Ltd.
BC down payment loans boosted home prices 0.6 per cent

BC down payment loans boosted home prices 0.6 per cent

The BC HOME Partnership Program (HPP), which offers first-time buyers a loan to help with their down payment, has had relatively little impact on condo and townhome prices, according to the findings of a recent report by the BC Real Estate Associatio
One-third of baby-boomers helping millennials buy real estate

One-third of baby-boomers helping millennials buy real estate

One-third of Canadian baby-boomers – and more in Metro Vancouver – plan to give ‘living inheritances’ to their adult children specifically to help them buy real estate, a new survey has found.
New ‘dual agency’ ban throws real estate agents into disarray

New ‘dual agency’ ban throws real estate agents into disarray

A new B.C.
Developers pay up to keep transit plans on track

Developers pay up to keep transit plans on track

Real estate money may help thaw frozen plans for major Metro Vancouver transit projects
Building permits balloon to record $1 billion

Building permits balloon to record $1 billion

2017 was a record-breaking year for construction in Burnaby. The city handed out $1.05 billion worth of building permits, an increase from the $819 million issued in 2016.

Opinion: Let’s get real on real estate affordability studies

It’s that time of year again – the time when Demographia trots out its annual affordability report, again announcing Vancouver is in the top three least-affordable real estate markets in the world (see our report here ).