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Real Estate News

Overspending on rent has become the ‘new normal’

Overspending on rent has become the ‘new normal’

Forty per cent of Prince George renters spending more than accepted threshold of income on housing costs
86% of British Columbians want to curb foreign and speculative investment

86% of British Columbians want to curb foreign and speculative investment

Six in 10 survey respondents think it’s time to consider a foreign buyer ban on B.C. real estate
Developers break ground on downtown condo project

Developers break ground on downtown condo project

Ceremony held on Monday afternoon to officially break ground on the Park House condominium development
Millennials driving Canada’s hot real estate market

Millennials driving Canada’s hot real estate market

Despite high prices, six in 10 Canadian millennials already own a home
B.C. agent to donate massive commission from $13.8m listing to World Housing

B.C. agent to donate massive commission from $13.8m listing to World Housing

A top-producing Vancouver real estate agent, known for her luxury listings and land-assembly deals , has pledged to donate her entire commission from her $13.8 million listing to global housing charity World Housing.
Coolest April for Metro Vancouver home sales in 17 years

Coolest April for Metro Vancouver home sales in 17 years

Metro Vancouver home sales saw the coolest April for 17 years, with the Real Estate Board of Greater Vancouver (REBGV) admitting that “market conditions are changing.
Buyers, be warned: fixed mortgage rates going up at Big Banks

Buyers, be warned: fixed mortgage rates going up at Big Banks

CIBC announced Tuesday (May 1) that it would be following TD Bank and RBC’s recent moves in raising its fixed mortgage rates, with a 15 basis-point increase taking its five-year fixed rate to 5.14 per cent.
Council approves rezoning for apartment complex

Council approves rezoning for apartment complex

A proposed 192-unit rental housing complex can proceed, following a decision by city council Monday night to rezone the location on Southridge Avenue and Marleau Road.
Property tax rates down, but assessments up

Property tax rates down, but assessments up

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.
Home prices are not really dropping: Desjardins

Home prices are not really dropping: Desjardins

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.