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Real Estate News

RBC issues warning over foreign money in real estate

RBC issues warning over foreign money in real estate

Foreign money “distorting” the country’s biggest housing markets is bad for Canada, RBC’s CEO warned Tuesday.
West Vancouver to consider minimum tree counts on private lots

West Vancouver to consider minimum tree counts on private lots

West Vancouver council is considering mandatory minimum amounts of trees that must be present on single-family lots.
Real estate industries made up fifth of Canada's GDP in 2017

Real estate industries made up fifth of Canada's GDP in 2017

Real estate, construction and related financial and insurance industries are together responsible for more than 20 per cent of Canada’s GDP in 2017, according to a quarterly report released by Statistics Canada March 2. Here in B.C.
$20M West Van home has private beach and pool to die for

$20M West Van home has private beach and pool to die for

This waterfront home in West Vancouver’s Altamont neighbourhood has 80 feet of waterfront, with a saltwater pool and hot tub just steps from its own private, sandy beach – and was the highest-priced new Lower Mainland listing of last week, February 1
Metro Vancouver detached home sales slump in February

Metro Vancouver detached home sales slump in February

In a month that usually starts picking up in terms of sales activity ahead of the spring market, detached home sales in Metro Vancouver saw a considerable slump in February, according to the latest statistics. Detached sales were down 39.
City of North Van delays decision on Upper Lonsdale development

City of North Van delays decision on Upper Lonsdale development

Fate of application for 2601 Lonsdale Ave. awaits full council vote
Province confirms rental buildings to be exempt from luxury house tax

Province confirms rental buildings to be exempt from luxury house tax

Properties with four or more rental units will be exempt from the new school tax announced in B.C. Budget 2018
Four in five British Columbians support new real estate taxes

Four in five British Columbians support new real estate taxes

More than 80 per cent of British Columbians agree that the new speculation tax and the expanded foreign buyer tax are “good” or “very good” moves by the NDP, according to a new poll.

Banks partly to blame for Metro Vancouver housing crisis: union

Banks and other mortgage lenders are key players in the high price of Metro Vancouver and B.C. real estate, according to a study by the B.C. Government and Service Employees’ Union (BCGEU).

‘Dual agency’ real estate rules booted to June

Industry concern cited while commercial agents call for separation from residential