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Real Estate News

Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

Median value of Greater Victoria homes owned by foreign nationals is much higher than Canadian-owned homes, according to federal housing agency
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B.C. real estate not alone as home prices slide across prime global cities

London, Sydney, Hong Kong and more seeing price declines over past year, reports The Economist – a correlation that could herald a global recession
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B.C. real estate not alone as home prices slide across prime global cities

London, Sydney, Hong Kong and more seeing price declines over past year, reports The Economist – a correlation that could herald a global recession
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Province balks at condo Airbnb tax proposed by Victoria council

Province balks at condo Airbnb tax proposed by Victoria council

The province’s new speculation and vacancy tax declaration could provide a pathway to taxing condos being used as Airbnbs as commercial operations, says Victoria Coun. Geoff Young. But it doesn’t appear the province is prepared to go down that road.
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B.C. government not stablizing housing market the right way: BCREA

B.C. government not stablizing housing market the right way: BCREA

Finance minister says housing market is moving in right direction, but real estate industry critics disagree
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B.C.’s ‘policy-induced’ housing slowdown gives chill to January's market: BCREA

B.C.’s ‘policy-induced’ housing slowdown gives chill to January's market: BCREA

B.C. Northern board bucks provincial trend as one of only three boards seeing home prices higher than one year previously
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What’s the worst Canadian city for a single person to buy a home?

What’s the worst Canadian city for a single person to buy a home?

No Valentine’s Day prizes if you figure it out – but can you guess where Victoria is ranked?
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No housing-related ‘brain drain’ from Metro Vancouver, says analyst

No housing-related ‘brain drain’ from Metro Vancouver, says analyst

More young professionals are coming to the region than are leaving it, according to Census data
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B.C. Assessment process unfair to homeowners, small business

B.C. Assessment process unfair to homeowners, small business

B.C.'s municipalities are badly served by a "hobbled" system — but there are solutions, says former assessor
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Metro Vancouver residential market still ‘highly vulnerable to risks’ even in slowdown

Metro Vancouver residential market still ‘highly vulnerable to risks’ even in slowdown

Despite home prices falling, CMHC’s quarterly report continues to find strong evidence of real estate overvaluation
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