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Real Estate News

Home prices are not really dropping: Desjardins

Home prices are not really dropping: Desjardins

Average (but not benchmark) home prices have seen a recent decline in Metro Vancouver, the Greater Toronto Area and various other regions across Canada – a fact that is cheered by many hoping for better affordability.
First-timers plagued by fears over home-buying process

First-timers plagued by fears over home-buying process

More than seven in 10 Canadian first-time home buyers (71 per cent) are afraid that they’ll be hit by unanticipated costs during the process, according to a new survey by TD Bank.
New development benefits city: Burnaby mayor

New development benefits city: Burnaby mayor

Affordable housing focus of Mayor Derek Corrigan's annual State of the City address
Micro co-op design wins ‘missing middle’ housing competition

Micro co-op design wins ‘missing middle’ housing competition

Vancouver- and Richmond-based architectural firm Haeccity Studio has won an open design competition seeking innovations to improve the supply of “missing middle” housing in Metro Vancouver.
Metro Vancouver housing market still ‘vulnerable’ – for eighth straight quarter

Metro Vancouver housing market still ‘vulnerable’ – for eighth straight quarter

Metro Vancouver’s housing market has been assessed as “highly vulnerable” for the eighth consecutive quarter by the Canada Mortgage and Housing Corporation (CMHC).
Peak millennial home buyers see living spaces shrink 12% in year

Peak millennial home buyers see living spaces shrink 12% in year

The average home square footage that “peak millennials” – currently 25-to-32-year-olds – can afford to buy is typically 12 per cent smaller in Greater Vancouver than it was a year ago, according to a Royal LePage survey released April 26.
Construction labour shortage a massive barrier to B.C.’s new housing: experts

Construction labour shortage a massive barrier to B.C.’s new housing: experts

Even with good intentions, appropriate funding and expedited permitting processes, there simply aren’t enough construction tradespeople to build all the homes required to meet B.C.'s housing targets, according to a group of industry experts.
Three Metrotown towers head to public hearing

Three Metrotown towers head to public hearing

Three towers add 856 units, remove 211 from lowrise walk-ups
B.C. cracks down on condo-flip taxation, creates rental zoning tool

B.C. cracks down on condo-flip taxation, creates rental zoning tool

A crackdown on non-payment of taxes on presale condo flips is one of three new housing measures announced by the finance minister April 24.
Burnaby low on list of region’s real estate investment hot spots

Burnaby low on list of region’s real estate investment hot spots

You might think some parts of Burnaby would be included the region’s hottest areas to invest in real estate right now – but not according to financial website MoneySense.