B.C. launches condo pre-sale registry Steve RandallCanadian Real Estate Wealth The identity and citizenship of all parties in a condo or strata transaction in British Columbia will be listed in a new register. The BC finance minister confirmed Monday that the provincial government has launched the Condo and Strata Assignment Integrity Register (CSAIR) with the […]
City staff want to increase the empty homes tax or charge a different rate for foreign owners Dan Fumano The Province Vancouver city staff want to look at changing the city’s empty homes tax, the first of its kind in North America, and that could mean increasing the tax or charging a different rate for […]
Greater affordability – housing slowdown Ephraim VecinaCanadian Real Estate Wealth Policies that cultivate further housing slowdown are still needed to ensure greater affordability in B.C., Finance Minister Carole James said last week. The statement came amid official reports of considerable slowdown in the province’s home price growth and sales activity, after several changes were introduced […]
Predicted 30-per-cent drop sets off debate on whether too many, or too few, condos are being built Joanne Lee-YoungThe Province The NDP budget forecast a drop in housing starts by as much as 30 per cent across B.C. over the next three years, sparking debate about whether there are too many, or too few, condos […]
CREA report shows market to be slow Steve RandallREP The latest home resales data from CREA showed an improvement in January with a 3.6% rise following declines across the fourth quarter of 2018 (cumulatively 4.3%). But despite some positives, the outlook for 2019 overall is for the Canadian market to remain subdued due to the […]
Multiple bids alone will not assure success or best value Tony GioventuThe Province Dear Tony: Our strata owners recently approved $1.8 million from our contingency fund on elevator upgrades, deck and balcony repairs and the replacement of our boilers. At our general meeting, an owner questioned the council on how the funds would be spent […]
Vancouver Island among others have a balance between supply and demand Steve RandallCanadian Real Estate Wealth Home sales in BC were down 33.2% in January compared to a year earlier. Figures from British Columbia Real Estate Association show that 3,546 sales were recorded by the MLS in January. Prices were also lower with an average […]
At Foxridge Homes’ Parkview Estates, homebuyers can select from dozens of finishing touches Barbara Gunn The Vancouver Sun Parkview Estates Project address: 16525 — 103 Avenue, Surrey Developer: Foxridge Homes Architect: In-house Interior designer: First Impression Design Project size: 64 single-family home lots Unit size: four-, five- and six-bedroom homes; 3,300 — 4,300 square feet […]
This BC suburb sees second-largest home price gains in North America Josh Sherman other Move over, Vancouver. Surrey has had the second-fastest rising home prices in North America over the past five years, suggests a study of 83 major North American cities that also sees five other Canadian cities make the top 10. Between 2013 […]
Strata rules must be approved by vote Tony GioventuThe Province Dear Tony: Our highrise building has a recreation room that can be rented for private parties and is used for social events and meetings in our community. As a result of several owner events where there have been additional janitorial costs, our strata council has […]
