Real Estate News

For anyone hoping a quick home sale on the North Shore will still result in lottery windfall, the real estate market has news – the party’s over, at least for now.

Now that a huge North Vancouver estate, listed for a record $36.

March is often the hottest month of the year – at least in terms of real estate sales. But compared with March activity of the past few years, last month was a bit of a wet blanket.

Experts are still left to speculate how B.C.’s incoming speculation tax will impact properties on the North Shore. Starting in 2018, vacant secondary homes in large urban centres will be charged 0.5 per cent on their assessed value.

The new B.C. speculation tax has the purported aim to push empty homes onto the long-term rental market, finance minister Carole James has said.

Chinese consumers can now buy Canadian homes online through a deal inked with Juwai.com, China’s largest real estate website selling international properties, and JD.com, which is China’s largest retailer, both online and offline.

An open house will be held this week to get public input on a mixed-use development proposal for the former White Spot site at Park Royal that has been long in the works.

The head of LandlordBC expects some homeowners will start renting out their properties to avoid the province’s new speculation tax, but says it’s too soon to estimate the extent of its impact.

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.

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.