Real Estate News

District council advances Mosaic’s redevelopment proposal amid tenant displacement concerns

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

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.

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.

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.

The provincial government will spend $12.4 million to help the B.C. Conference of the United Church of Canada redevelop some of its land in Vancouver, Coquitlam, Nanaimo and Richmond into a total of 414 new “affordable” rental homes.

If you dream of owning a detached house in a waterfront location but have less than $800,000 to spend, you’re likely to be out of luck in this region – unless you buy a home that doesn’t come with any land.

A Victoria tenants advocacy group says changes to B.C.’s tenancy laws introduced in the legislature April 12 will give more rights to renters facing renovictions.

Record housing starts in first quarter

The number of homes for sale across the province are at or near a 12-year low, pushing prices ever upwards, according to the B.C. Real Estate Association’s monthly statistical report released April 12.