Vancouver is facing a significant slowdown in housing construction, according to new data that confirms the fears of many industry observers. Despite a strong demand for housing and a unified push from all levels of government to boost supply, factors…
In a decision that could set a significant precedent for rental markets in British Columbia, the Residential Tenancy Branch (RTB) approved a landlord’s request to increase rent by 23.5% over two years at a fourplex property. The ruling has…
A recent Statistics Canada (StatCan) report reveals that short-term rentals, which could be repurposed as long-term housing, make up only a small fraction of the total housing stock in British Columbia. Despite efforts to regulate these rentals, their impact on…
Metro Vancouver’s housing market is experiencing a surge in newly listed properties, with inventory rising nearly 20% year-over-year in July. Despite this increase, the number of transactions has not kept pace, highlighting a disconnect between supply and demand. According…
Metro Vancouver has just experienced the largest quarterly presale inventory release since mid-2022, according to a recent report by real estate sales and marketing firm MLA Canada. The second quarter of 2024 saw a significant influx of new units hitting…
The signs of distress are everywhere. Many of Vancouver’s priciest condos are being offered at big discounts. One downtown condo that was bought for almost $3 million is now on the market for $2.3 million. At the elite, funky…
Home sales in Metro Vancouver have declined in May, deviating from the typical seasonal trend. This slowdown has contributed to a continued rise in the number of homes available for sale, with over 13,000 properties now listed on the…
Canada’s tax regulator, the Canada Revenue Agency (CRA), has revealed a staggering $1.3 billion in unpaid taxes within British Columbia’s real estate sector. This discovery follows intensified audits and scrutiny over recent years, focusing on both personal transactions and professional…
Royal LePage’s latest market forecast paints a vivid picture of Canada’s real estate landscape, predicting a significant 9% year-over-year increase in home prices by the fourth quarter of 2024. This upward revision stems from a robust first quarter, with strong…
In February 2024, Metro Vancouver’s housing market saw a notable increase in new listings, alleviating concerns about potential overheating. According to Greater Vancouver REALTORS® (GVR), new listings rose by 31% year-over-year, reaching 4,560 properties listed for sale on the Multiple…