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Real Estate News

Peak millennial home buyers see living spaces shrink 12% in year

Peak millennial home buyers see living spaces shrink 12% in year

The average home square footage that “peak millennials” – currently 25-to-32-year-olds – can afford to buy is typically 12 per cent smaller in Greater Vancouver than it was a year ago, according to a Royal LePage survey released April 26.
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West Vancouver punts vote on tower at Earls site

West Vancouver punts vote on tower at Earls site

West Vancouver council has shunted a vote on a major tower application for Marine Drive. Council was set to vote on first reading of a rezoning that would have allowed Darwin Properties to build a 26-storey tower and four townhouses at 303 Marine Dr.
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District of North Van gives go-ahead for towers on Grouse Inn site

District of North Van gives go-ahead for towers on Grouse Inn site

Nearly four years after council granted its approval, the Grouse Inn highrises can finally be built, following District of North Vancouver council’s approval of a development permit April 16.
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Construction labour shortage a massive barrier to B.C.’s new housing: experts

Construction labour shortage a massive barrier to B.C.’s new housing: experts

Even with good intentions, appropriate funding and expedited permitting processes, there simply aren’t enough construction tradespeople to build all the homes required to meet B.C.'s housing targets, according to a group of industry experts.
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B.C. cracks down on condo-flip taxation, creates rental zoning tool

B.C. cracks down on condo-flip taxation, creates rental zoning tool

A crackdown on non-payment of taxes on presale condo flips is one of three new housing measures announced by the finance minister April 24.
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North Shore low on list of region’s real estate investment hot spots

North Shore low on list of region’s real estate investment hot spots

You might think some parts of the North Shore would be included the region’s hottest areas to invest in real estate right now – but not according to financial website MoneySense.
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Developer proposes artisan market, helipads for Britannia Beach

Developer proposes artisan market, helipads for Britannia Beach

A developer is proposing to set up an artisan market and a launch site for a helicopter touring company on Britannia Beach.
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Buyer backs out of real estate deal over British Properties restrictions

Buyer backs out of real estate deal over British Properties restrictions

A BC Supreme Court judge has concluded a buyer who backed out of a deal to buy a $6.5-million mansion in West Vancouver was entitled to do so because a British Pacific Properties restrictive covenant significantly impacted potential uses.
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Ultra-luxe home on private peninsula listed for $24.9M (PHOTOS)

Ultra-luxe home on private peninsula listed for $24.9M (PHOTOS)

If living on your own island seems idyllic but a bit inconvenient, perhaps the perfect compromise would be your own peninsula, surrounded by private beaches and rocky shoreline.
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Rise or fall of home prices largely linked to purchasing power: analyst

Rise or fall of home prices largely linked to purchasing power: analyst

Whether the region’s home prices are rising or falling is significantly to do with buyers’ spending power – more so than foreign buyers or market speculation, according to the lead data analyst for Vancouver real estate firm the Rennie Group.
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