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Real Estate News

B.C. home buyer confidence damaged by new tax measures, says poll

If one goal of the B.C. government’s new housing taxation policies was to cool home sales in the province, it has likely succeeded, if the results of a new poll of real estate agents are anything to go by.
City sends Upper Lonsdale development to public hearing

City sends Upper Lonsdale development to public hearing

Seemingly back from the dead, a six-storey project earmarked for Upper Lonsdale got new life as City of North Vancouver council voted recently to send the development to a public hearing.
'Apoplectic' over speculation tax, Bowen Island now relieved it's exempt

'Apoplectic' over speculation tax, Bowen Island now relieved it's exempt

“Just the impact was going to be so profound, so devastating," says island mayor
Two more heritage classics face demolition in West Vancouver

Two more heritage classics face demolition in West Vancouver

Time’s up for two of West Vancouver’s architecturally significant heritage homes facing redevelopment.
Vast Surrey villa re-listed for $28.8M, 10 times assessed value (PHOTOS)

Vast Surrey villa re-listed for $28.8M, 10 times assessed value (PHOTOS)

This massive, resort-style “Tuscan villa” in Surrey raised eyebrows and hit media headlines last summer with its record-breaking listing price of $28 million, 10 times its assessed value – later adjusted to $26 million and did not sell at the time.
‘Concerns remain’ over tweaked B.C. speculation tax

‘Concerns remain’ over tweaked B.C. speculation tax

Changes to the proposed B.C. speculation tax , announced by finance minister Carole James yesterday following a backlash from owners, have been broadly welcomed – but do not go far enough, according to industry groups.
Rents fall in Canada’s priciest cities – even in Metro Vancouver

Rents fall in Canada’s priciest cities – even in Metro Vancouver

A decline in Toronto’s rental prices may have put Vancouver back on top as Canada’s priciest city for one-bedroom rents, but prices have declined in all the top five most expensive rental cities.
Province scales back speculation tax, cuts rate for B.C. residents

Province scales back speculation tax, cuts rate for B.C. residents

Under changes to the proposed speculation tax, B.C. residents will now only have to pay 0.5 per cent a year on second homes valued at $400,000 or above, finance minister Carole James announced in a media conference March 26. The tax will apply to B.
Sunshine Coast needs foreign buyers tax, MLA says

Sunshine Coast needs foreign buyers tax, MLA says

"Is everybody going to suddenly come to the Sunshine Coast because they don’t have to pay the 20 per cent?”
Opinion: Squamish needs same housing measures as Metro Vancouver

Opinion: Squamish needs same housing measures as Metro Vancouver

When it comes to affordability, the province needs to start looking at Squamish like it’s part of the Lower Mainland. We’re feeling the same crunch, whether their data reflects it or not.