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Real Estate News

$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 ).
Feds’ housing strategy ‘fabulous news’

Feds’ housing strategy ‘fabulous news’

Liberals’ $40-billion plan will protect tenants in co-ops with agreements about to expire
Fourteen-storey tower with non-market rentals coming to Metrotown

Fourteen-storey tower with non-market rentals coming to Metrotown

Development proposal also includes a 47-storey, mixed-used tower
BC budget update: NDP sidelines two key housing pledges

BC budget update: NDP sidelines two key housing pledges

$670m for homeless and low-income housing, but no new taxes or promised renters’ rebate