Real Estate News

Record housing starts in first quarter

The number of homes for sale across the province are at or near a 12-year low, pushing prices ever upwards, according to the B.C. Real Estate Association’s monthly statistical report released April 12.

Nearly six years after their first pitch, West Vancouver council voted Monday to send Park Royal’s two-tower 752 Marine Drive proposal to a public hearing.

Three-person task force to be led by Vancouver-West End MLA Spencer Chandra Herbert

It started with a “Stop the Speculation Tax” petition that was launched last month by disgruntled home owners opposing the province's proposed annual tax on underused second homes in areas across B.C.

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.