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Real Estate

Victoria exceeds first-year housing target, falls short on affordability

Victoria exceeds first-year housing target, falls short on affordability

A city report says 1,477 net new units were completed in the first year, exceeding the target of 659 new homes
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$574 million in federal financing to help build Vancouver rental homes

$574 million in federal financing to help build Vancouver rental homes

VANCOUVER — The federal government is providing more than $574 million in financing to help build about 950 rental homes in Vancouver.
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Vancouver Island bucks B.C. trend with low residential investor-ownership

Vancouver Island bucks B.C. trend with low residential investor-ownership

Statistics Canada data show local communities prioritize local ownership over investment
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B.C. Realtor linked to alleged widespread mortgage fraud racket turns in licence

B.C. Realtor linked to alleged widespread mortgage fraud racket turns in licence

Jin Luo bought a $2.18-million Vancouver property by falsely indicating he had a savings account balance of $850,000 and an annual income of $256,961.
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Rent inflation to slow in the next few years, Desjardins predicts

Rent inflation to slow in the next few years, Desjardins predicts

OTTAWA — The rate at which Canadian rental prices are increasing should slow in the coming years as the government's plan to cut back immigration numbers takes hold, a new report from Desjardins says.
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Vancouver building permit values plummet in September, says StatCan

Vancouver building permit values plummet in September, says StatCan

Canada, other provinces outperforming B.C.
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Condo market slowdown underway in Vancouver, says report

Condo market slowdown underway in Vancouver, says report

Investors pulling back, leading to ‘grinding halt’ in condo sector
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Vancouver falls short of first-year housing target set by provincial government

Vancouver falls short of first-year housing target set by provincial government

City staff says "unprecedented volume of projects in-stream," which will surpass five-year target of 28,900 completed homes
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Vancouver real estate markets set to normalize in 2025, says CBRE report

Vancouver real estate markets set to normalize in 2025, says CBRE report

Commercial, residential growth set to return in 2026
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Housing minister announces applications open for $1B critical infrastructure program

Housing minister announces applications open for $1B critical infrastructure program

OTTAWA — Applications opened Thursday for a $1-billion federal program to help municipalities and Indigenous communities build critical infrastructure.
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