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Real Estate News

Overspending on rent has become the ‘new normal’

Overspending on rent has become the ‘new normal’

Burnaby renters spending more of their income on rental housing than even Vancouver
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Metro Vancouver is North America’s ‘worst performer’ in luxury real estate

Prime real estate rankings place Metro region in 31st out of 43 global cities
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86% of British Columbians want to curb foreign and speculative investment

86% of British Columbians want to curb foreign and speculative investment

Six in 10 survey respondents think it’s time to consider a foreign buyer ban on B.C. real estate
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Millennials driving Canada’s hot real estate market

Millennials driving Canada’s hot real estate market

Despite high prices, six in 10 Canadian millennials already own a home
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Realtor to donate massive commission from $13.8m listing to World Housing

Realtor to donate massive commission from $13.8m listing to World Housing

A top-producing Vancouver real estate agent, known for her luxury listings and land-assembly deals , has pledged to donate her entire commission from her $13.8 million West Side listing to global housing charity World Housing.
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Will new rules save Metrotown rentals?

Will new rules save Metrotown rentals?

It’s something that’s been repeated at city hall for more than 20 years: Burnaby can’t stop redevelopment because municipalities can’t create rental-only zones. The B.C.
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Burnaby development takes home Ovation gold

Burnaby development takes home Ovation gold

Boffo Developments and Chris Dikeakos Architects took home gold at the Greater Vancouver Home Builders’ Association annual Ovation Awards held last weekend.
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Coolest April for Metro Vancouver home sales in 17 years

Coolest April for Metro Vancouver home sales in 17 years

Metro Vancouver home sales saw the coolest April for 17 years, with the Real Estate Board of Greater Vancouver (REBGV) admitting that “market conditions are changing.
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Buyers, be warned: fixed mortgage rates going up at Big Banks

Buyers, be warned: fixed mortgage rates going up at Big Banks

CIBC announced Tuesday (May 1) that it would be following TD Bank and RBC’s recent moves in raising its fixed mortgage rates, with a 15 basis-point increase taking its five-year fixed rate to 5.14 per cent.
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Opinion: What will Amazon’s 3,000 new jobs do to our housing crisis?

Opinion: What will Amazon’s 3,000 new jobs do to our housing crisis?

Yesterday’s revelation that Amazon will be bringing 3,000 new jobs to Vancouver and setting up home in the redeveloped Canada Post building in downtown Vancouver was heralded by Prime Minister Justin Trudeau as great news for the region, and a boon t
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