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Real Estate News

Metro Vancouver new home sales down 19% in 2018 – and will fall more: report

Metro Vancouver new home sales down 19% in 2018 – and will fall more: report

Consumers increasingly less willing to pay for higher-priced units in new developments, says Altus Group
Property taxes floor Burnaby tilemaker after soaring assessment

Property taxes floor Burnaby tilemaker after soaring assessment

“Just opening the [BC Assessment] envelope was enough to stop me from sleeping for two days,” says manufacturer and business owner
$4M-plus home sales in Vancouver plummet by half in 2018: Sotheby’s

$4M-plus home sales in Vancouver plummet by half in 2018: Sotheby’s

“Top-tier” of city’s real estate hit by “a barrage of government and regulatory interventions compounded by mortgage rate hikes,” says luxury brokerage
Rate of B.C. seniors deferring property taxes skyrockets

Rate of B.C. seniors deferring property taxes skyrockets

The cost of housing is hitting seniors hard as the rate of those using property tax deferral has skyrocketed, while the reliance on rent subsidies for seniors is growing too fast. That’s according to a new report by B.C.
Real estate values sink for detached homes in West Vancouver, North Vancouver

Real estate values sink for detached homes in West Vancouver, North Vancouver

Condo values up across North Shore but market continues to slide
Check out this $18.6M luxury mansion, perfect for winter (PHOTOS)

Check out this $18.6M luxury mansion, perfect for winter (PHOTOS)

Indoor pool with ocean vistas and a sunroom with fireplace – this newly listed home knows the weather
Victoria homeowners appealing ‘surreal’ property assessments

Victoria homeowners appealing ‘surreal’ property assessments

A Victoria homeowner is gearing up for a fight with B.C. Assessment after the property valuation she received in the mail last week “simply did not reflect reality.
Property assessments are inaccurate more often than you might think, says author

Property assessments are inaccurate more often than you might think, says author

As many as 20 per cent of all residential property owners in the province should be appealing their property assessments, says the man who has literally written the book on the assessment appeals process.
Opinion: Land Value Capture idea gaining traction as housing affordability crisis continues

Opinion: Land Value Capture idea gaining traction as housing affordability crisis continues

Proposed tax would target landowners making a windfall when land values skyrocket due to rezoning or new infrastructure, says BC Government & Service Employees' Union
Richmond plans to introduce a second penalty option for short-term rental violations

Richmond plans to introduce a second penalty option for short-term rental violations

The proposed option carries smaller fine but simplifies dispute process