Real Estate News

Metro Vancouver’s housing market has been assessed as “highly vulnerable” for the eighth consecutive quarter by the Canada Mortgage and Housing Corporation (CMHC).

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.

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.

Province will pass new regs allowing rental-only zones

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.

The city of Port Moody can’t impose a requirement on developers of multi-unit housing projects to offer pre-sales first to residents of the city as part of rezoning applications — but it can try to get builders to voluntarily make such a commitment.

Port Coquitlam and Port Moody are among the region's hottest areas to invest in residential real estate, according to financial website MoneySense.

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.

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.

The B.C. government is launching a review of the province’s two key real estate regulatory groups, in order to "make sure that British Columbians are effectively protected," finance minister Carole James announced April 18.