Real Estate News

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.

Rental units intended to help families, and low and middle-income seniors

Only five per cent of British Columbians think that taxing foreign buyers on real estate purchases has resulted in homes becoming more affordable, according to a survey released this week by real estate website Zoocasa.

Metro Vancouver’s sky-high real estate prices are pushing up the percentage of people renting their homes, with some age groups in the city overtaking even traditionally high-rental-rate Montréal, according to a new national study of 2016 Census data

British Columbia commercial real estate investment activity and dollar volume achieved record heights in 2017 with the disposition of 230 office, industrial and retail properties valued at $7.5 billion during the record-setting year.

A newly built, farmland mega-mansion, owned by a shell company, has driven the 26.6-acre lot it sits on from an assessed value of $88,000 to $8.

With 4/20 just a few days away, close to half of the respondents to a new national survey said that they would be put off buying a home if even a legal amount of pot had been grown there, under the upcoming new marijuana legislation.

A Victoria tenants advocacy group says changes to B.C.’s tenancy laws introduced in the legislature April 12 will give more rights to renters facing renovictions.

The provincial government will spend $12.4 million to help the B.C. Conference of the United Church of Canada redevelop some of its land in Vancouver, Coquitlam, Nanaimo and Richmond into a total of 414 new “affordable” rental homes.

B.C. Premier John Horgan announced this week the provincial government will be launching a task force to improve tenancy laws, but for renters in Burnaby's Metrotown neighbourhood, increased protections for tenants may not be enough.