June sales in Victoria 4.5% more than in June 2018 Neil SharmaREP If British Columbia’s housing market is in a slump, nobody told buyers and sellers in Victoria. While only 740 properties sold in June, it was a 4.5% boost over June 2018, according to the Victoria Real Estate Board. However, while there was a […]
Greenest City 2020 Action Plan initiated Neil SharmaCanadian Real Estate Wealth Vancouver’s green building sector is getting a major boost, thanks to an initiative from the municipal government that intends to reduce greenhouse gas emissions in existing buildings 20% below 2007 levels and require buildings constructed from 2020 henceforward to be carbon neutral in operations. […]
The Westerly, an upscale 39-unit oceanfront project from Vancouver-based Seacliff Properties. Barbara GunnThe Vancouver Sun In terms of established master-planned communities, Vancouver Island’s Fairwinds is more than a little noteworthy. Created more than 30 years ago, the 750-acre community in Nanoose Bay — about a 20-minute drive up island from Nanaimo and its ferry crossing […]
Metro Vancouver’s reduced residential property prices must look pretty tempting to those looking to get their money out of troubled Hong Kong Joannah ConnollyWestern Investor Since the foreign buyer tax was first introduced in Metro Vancouver in 2016, and then extended in 2018, the percentage of overseas buyers has plummeted, according to B.C. government figures. […]
Q2 condo sales remains strong in Toronto Steve RandallCanadian Real Estate Wealth The market for condo apartments remained strong in the Greater Toronto Area in the second quarter. Greater Toronto Realtors reported 7,038 sales of condo apartments through the Toronto Real Estate Board’s MLS in the three months, up 3.2% compared to a year earlier. […]
Beware: The presence of birds may be sign of significant problems Tony GioventuThe Province Dear Tony: Our building is 30 years old and we are under attack. The Flickers and woodpeckers have been boring holes into our stucco siding; we have blackbirds and swallows nesting in our eaves and within the siding, and we had […]
The News is a project from Elevate Development Corp. in Abbotsford Kathleen FreimondThe Province Start spreading the news: units in Elevate Development Corp.’s Abbotsford project – The News – are now being marketed to homebuyers. The News comprises 282 units in two six-storey buildings, plus a three-storey amenities block at the northwest corner of Sumas […]
Multi-family building transactions follow downward trend set by market residential home sales Peter Mitham Western Investor Release of June housing resale data last week by the Canadian Real Estate Association provoked mixed reactions. On the one hand, RBC Economics headlined its analysis of the figures: “A stable market isn’t a bad thing.” While downward pressure […]
The price of recreational homes across most Canadian regions are rising Steve RandallCanadian Real Estate Wealth The price of recreational homes across most Canadian regions are rising according to a survey of RE/MAX brokers and agents. The Leger poll reveals that 74% of regions surveyed posted healthy year-over-year price gains; with a national gain of […]
Purpose built rentals in Vancouver declining Ephraim VecinaCanadian Real Estate Wealth The number of rental construction proposals in Vancouver’s periphery currently far exceeds that seen in the city itself, according to the Goodman Report’s 2019 Mid-Year Metro Vancouver Rental Apartment Review. Since 2016, new proposals for rental-purpose buildings in the city have declined by 29%. […]
