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Real Estate News

Big building numbers in Coquitlam in 2017

Coquitlam saw another big-bucks year of development in 2017. Building permit values rose 38% from those in 2016, a jump from $345 million to $475 million, according to the city’s most recent economic development activity report.

Ups, downs in Tri-City real estate

A slowdown in sales of houses and an overall drop in transaction activity has not hampered real estate values in the Tri-Cities, according to new data release by the Real Estate Board of Greater Vancouver (REBGV).
RBC issues warning over foreign money in real estate

RBC issues warning over foreign money in real estate

Foreign money “distorting” the country’s biggest housing markets is bad for Canada, RBC’s CEO warned Tuesday.
Real estate industries made up fifth of Canada's GDP in 2017

Real estate industries made up fifth of Canada's GDP in 2017

Real estate, construction and related financial and insurance industries are together responsible for more than 20 per cent of Canada’s GDP in 2017, according to a quarterly report released by Statistics Canada March 2. Here in B.C.
Metro Vancouver detached home sales slump in February

Metro Vancouver detached home sales slump in February

In a month that usually starts picking up in terms of sales activity ahead of the spring market, detached home sales in Metro Vancouver saw a considerable slump in February, according to the latest statistics. Detached sales were down 39.
Rental housing in Coquitlam set to break ground

Rental housing in Coquitlam set to break ground

But costs have risen 40% since project proposed, not known what the market rents will be
Public hearing for expanded Suter Brook proposal

Public hearing for expanded Suter Brook proposal

The prospect of 50 affordable rental apartments and 26 market rental units in Suter Brook drew praise from some Port Moody councillors considering a proposal by Onni to increase density in its last parcel of property in the development.
Four in five British Columbians support new real estate taxes

Four in five British Columbians support new real estate taxes

More than 80 per cent of British Columbians agree that the new speculation tax and the expanded foreign buyer tax are “good” or “very good” moves by the NDP, according to a new poll.
Concert proposal in Coquitlam gets first glance

Concert proposal in Coquitlam gets first glance

As many as 6,000 new residents in eight towers, parks, YMCA, park-and-ride and community policing eyed for Burquitlam
Editorial: Why new speculation tax is not a speculation tax

Editorial: Why new speculation tax is not a speculation tax

Those of us who keep a close eye on the B.C. real estate industry and housing policy were widely anticipating a speculation tax to be introduced in last week’s B.C. Budget, as it had been heavily hinted at by the NDP in advance of the announcement.