By Staff The Canadian Press Posted August 2, 2023 12:15 pm 2:05Is Metro Vancouver’s real estate market heating up again? As spring temperatures warm up, so apparently are parts of the Metro Vancouver real estate market. Kamil Karamali reports – Apr 19, 2023 The Real Estate Board of Greater Vancouver says last month’s home prices rose from June…
By Staff The Canadian Press Posted July 28, 2023 9:22 pm Updated July 29, 2023 11:03 am Shown are milk jugs at a grocery store in Roslyn, Pa., Tuesday, June 15, 2021. Wholesale prices, boosted by rising food costs, increased 0.8% in May, and are up by a record amount over the past year, another indication that inflation pressures are…
More B.C. renters are spending over half their income on rent and utilities each month than anywhere else in Canada, a new report has found. The Canadian Rental Housing Index, released Monday, found that 16 per cent of B.C. renter households fall into that category, compared to 15 per cent in Ontario, 13 per cent in Nova Scotia and Manitoba,…
By Staff The Canadian Press Posted May 23, 2023 2:53 pm Statistics Canada says investor-occupants made up almost 10 per cent of homeowners in British Columbia in 2020. A new report from the agency shows B.C.’s share of investor-occupants, who own a single property with multiple units, including their primary residence, is much higher than in other provinces. Investor-occupants made…
By Staff The Canadian Press Posted May 2, 2023 1:50 pm Cherry blossom trees line a residential street in Vancouver, on Tues. April 4, 2023. THE CANADIAN PRESS/Darryl Dyck The Real Estate Board of Greater Vancouver says April home sales slid 16.5 per cent from a year ago as new listings remained below historical norms. The B.C. board says sales…
The amount of residential construction in Metro Vancouver remained high, but wavered little between 2021 and 2022, according to new data from the Canada Mortgage and Housing Corporation. In a housing supply report published Wednesday, the Crown corporation said work on 25,983 new units began last year, down 30 units from the 26,013 recorded in 2021. Overall, Metro Vancouver saw…
Real estate companies say cost concessions will need to be made if they are to do everything they can, as quickly as they can, to help alleviate the province’s housing crisis. More than 1,200 people, including developers, building owners and investors attended the Vancouver Real Estate Forum on Wednesday. Topics of discussion included rising construction and labour costs, post-pandemic building-use…
The Union of BC Municipalities (UBCM) has kicked off its two-day housing conference, one day after B.C. Premier David Eby laid out a multibillion-dollar housing plan for the province. More than 500 participants, including municipal and provincial politicians, have registered in the ‘HousingBC Summit,’ which will explore regulation of short-term rentals, local financing opportunities, rezoning, supply-boosting, speculation challenges, housing partnership…
Home construction in British Columbia will need to rise to unprecedented levels to offset the impact of record immigration on the housing market, the B.C. Real Estate Association said in a new report on Tuesday. The province must build 25 per cent more new homes than usual for the next five years to address deteriorating housing affordability, the association said…
British Columbia’s latest budget has earmarked billions of dollars in new spending to tackle the province’s housing crisis, but the very same document shows the province is falling behind when it comes to getting shovels in the ground. Estimates in the NDP’s latest three-year fiscal plan showed 46,721 new housing starts in B.C. last year, but projected a 16.5-per cent…
