Real Estate News

Prince George home owners will see a lower mill rate on their 2018 property tax bill, but increasing assessment values in the city mean most home owners will end up paying more than last year.

Average (but not benchmark) home prices have seen a recent decline in Metro Vancouver, the Greater Toronto Area and various other regions across Canada – a fact that is cheered by many hoping for better affordability.

More than seven in 10 Canadian first-time home buyers (71 per cent) are afraid that they’ll be hit by unanticipated costs during the process, according to a new survey by TD Bank.

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.

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 hottest areas to invest in residential real estate in B.C.'s Lower Mainland are not within Vancouver proper, but further east in the suburbs, according to financial website MoneySense.

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.

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.