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Real Estate News

New immigrants spending 54% more on Metro Vancouver houses than locals: study

New immigrants spending 54% more on Metro Vancouver houses than locals: study

Average assessed value of immigrant-owned homes higher than those owned by Canadian-born residents, finds Statistics Canada
Regulatory overkill cited as housing outlook goes negative

Regulatory overkill cited as housing outlook goes negative

“Combined effect of tighter mortgage guidelines and higher interest rates has been larger than previously estimated,” says Bank of Canada
Squamish vacation rental operators torn between profit and housing affordability

Squamish vacation rental operators torn between profit and housing affordability

Council considers ways to regulate short-term rentals
EDITORIAL: Getting schooled

EDITORIAL: Getting schooled

West Vancouver has formally asked the province to scrap the additional school tax on homes valued at more than $3 million, which is expected to hit more than a third of the homeowners in the wealthy enclave.
Metro Vancouver office vacancy drops to lowest level since 2008

Metro Vancouver office vacancy drops to lowest level since 2008

The region's office market has long made headlines for scant office availability, but is now even tighter
West Van calls to scrap added school tax

West Van calls to scrap added school tax

District of West Vancouver council is formally asking the province to scrap the additional school tax on homes assessed above $3 million and to curtail the speculation and vacancy tax. The school tax, which adds an additional 0.
Housing crisis concerns overshadow height qualms on East Second

Housing crisis concerns overshadow height qualms on East Second

CNV approves 160 rentals
Metro Vancouver housing affordability still deteriorating: National Bank

Metro Vancouver housing affordability still deteriorating: National Bank

Despite market slowdown and even in detached sector, ownership cost vs income is getting worse, finds nationwide study
LETTER: Speculation tax an unfair penalization of those who invested wisely

LETTER: Speculation tax an unfair penalization of those who invested wisely

Dear Editor: Your editorial on the speculation tax ( Vacancy Tax Welcome , Jan. 23) ignored the built-in inequities of the legislation. Here are two examples from a list of many: A person lives in Victoria but works in Vancouver three days a week.
Sprawling, resort-style estate relisted for $16.78 million (PHOTOS)

Sprawling, resort-style estate relisted for $16.78 million (PHOTOS)

Massive 19-acre property in Richmond back on market for only $20K below previous price, despite not selling in 2018