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Real Estate News

Judge backs buyer reneging on $6.5M purchase over land restrictions

Judge backs buyer reneging on $6.5M purchase over land restrictions

A BC Supreme Court judge has concluded a buyer who backed out of a deal to buy a $6.5 million mansion in West Vancouver was entitled to do so because a British Pacific Properties restrictive covenant significantly impacted potential uses.
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Ultra-luxe home on private peninsula listed for $24.9M (PHOTOS)

Ultra-luxe home on private peninsula listed for $24.9M (PHOTOS)

If living on your own island seems idyllic but a bit inconvenient, perhaps the perfect compromise would be your own peninsula, surrounded by private beaches and rocky shoreline.
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Rise or fall of home prices largely linked to purchasing power: analyst

Rise or fall of home prices largely linked to purchasing power: analyst

Whether the region’s home prices are rising or falling is significantly to do with buyers’ spending power – more so than foreign buyers or market speculation, according to the lead data analyst for Vancouver real estate firm the Rennie Group.
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Province to regulate the real estate regulators

Province to regulate the real estate regulators

The B.C. government is launching a review of the province’s two key real estate regulatory groups, in order to "make sure that British Columbians are effectively protected," finance minister Carole James announced April 18.
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$1.9 billion expected for provincewide rental housing

$1.9 billion expected for provincewide rental housing

Rental units intended to help families, and low and middle-income seniors
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Has the foreign buyer tax made homes more affordable?

Only five per cent of British Columbians think that taxing foreign buyers on real estate purchases has resulted in homes becoming more affordable, according to a survey released this week by real estate website Zoocasa.
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Renter numbers on the rise in Metro Vancouver while declining in Montréal

Renter numbers on the rise in Metro Vancouver while declining in Montréal

Metro Vancouver’s sky-high real estate prices are pushing up the percentage of people renting their homes, with some age groups in the city overtaking even traditionally high-rental-rate Montréal, according to a new national study of 2016 Census data
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B.C.'s commercial real estate sales smash records in 2017

B.C.'s commercial real estate sales smash records in 2017

British Columbia commercial real estate investment activity and dollar volume achieved record heights in 2017 with the disposition of 230 office, industrial and retail properties valued at $7.5 billion during the record-setting year.
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B.C. farmland per-acre value nearly 100 times that of Prairies

B.C. farmland per-acre value nearly 100 times that of Prairies

A newly built, farmland mega-mansion, owned by a shell company, has driven the 26.6-acre lot it sits on from an assessed value of $88,000 to $8.
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Will growing, smoking pot under new laws reduce value of your home?

Will growing, smoking pot under new laws reduce value of your home?

With 4/20 just a few days away, close to half of the respondents to a new national survey said that they would be put off buying a home if even a legal amount of pot had been grown there, under the upcoming new marijuana legislation.
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