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Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA

Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA

The Canadian Real Estate Association says it's now expecting the national average home price to climb 4.9 per cent on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024.
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Short-term-rental-unit owners file lawsuit against province and City of Victoria

Short-term-rental-unit owners file lawsuit against province and City of Victoria

Enforcement against short-term units is to start May 1. New law bans most short-term rentals that are not part of an owner’s principal residence.
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Film studio development in Burnaby falls through, mayor now wants to 'protect' land

Film studio development in Burnaby falls through, mayor now wants to 'protect' land

The plan for a new film production studio in Big Bend by Larco Investments (Bridge Studios) is not going ahead, according to the Burnaby mayor.
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Kamloops city council backs Sun Peaks bid for exemption from foreign homebuyer ban

Kamloops city council backs Sun Peaks bid for exemption from foreign homebuyer ban

Resort community argues unique needs, tourist economy justify exemption
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Entry to housing market feels out of reach for 76% of non-owners: CIBC poll

Entry to housing market feels out of reach for 76% of non-owners: CIBC poll

TORONTO — Three in four Canadians who don't own a property say buying a home feels out of reach, a new poll shows.
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Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes

Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes

TORONTO — Some advocates are praising Ottawa's move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians would help make home ownership more affordable.
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Metro Vancouver industrial real estate market starting to normalize

Metro Vancouver industrial real estate market starting to normalize

A significant portion of new developments under construction are in strata industrial.
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Canada needs to build 1.3M additional homes by 2030 to close housing gap, says PBO

Canada needs to build 1.3M additional homes by 2030 to close housing gap, says PBO

OTTAWA — The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country's housing gap.
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B.C. building code changes allow for higher mass timber buildings

B.C. building code changes allow for higher mass timber buildings

New mass timber buildings in B.C. can now reach up to 18 storeys for residential and office towers
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Royal LePage expands footprint with Lower Mainland acquisitions

Royal LePage expands footprint with Lower Mainland acquisitions

Technology investments tailored to the residential, investment markets pay off
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