Real Estate News

A report presented to city council on Monday night indicated a significant jump in the number of approved building permits so far this year, as well as a marked increase in the estimated value of these developments.

Under changes to the proposed speculation tax, B.C. residents will now only have to pay 0.5 per cent a year on second homes valued at $400,000 or above, finance minister Carole James announced in a media conference March 26. The tax will apply to B.

The B.C. NDP government is responding to the backlash from B.C. home owners against the speculation tax, and will have an update on its details within days, Premier John Horgan announced March 21.

After years of Metro Vancouver leading the country in terms of soaring detached home sales, the recent softening of that market has paved the way for a boom in Montréal, according to a report published March 21.

Canada is a hugely diverse country – and so are its real estate markets. The Lower Mainland and Greater Toronto are notoriously expensive, while some areas are still extremely affordable – even if you’re on a single-person income.

Despite it being completed back in 2006, one of the most bleeding-edge contemporary homes on the market right now has to be this five-bedroom house in West Vancouver’s Altamont, which looks like it belongs in the Hollywood Hills.

Both West Kelowna and now the Regional District of Nanaimo (RDN) have asked the B.C. government not to impose the new speculation tax in their regions, with the latter saying that “in its current form, [the tax] should be eliminated.

There is now a way for the public to report shady real estate deals. The Real Estate Council of British Columbia announced the launch Thursday of an anonymous tipline “to enhance consume protection in British Columbia’s real estate market.

The burden of owning a single-family house in Prince George continues to remain well below the level seen in Vancouver and area, according to an annual report released this week by the B.C. Northern Real Estate Board.

Home sales across the province fell on an annual basis in February, due to tough new rules that make qualifying for a mortgage harder, according to a B.C. Real Estate Association report released March 14. A total of 6,206 B.C.