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April 8, 2019

How to use the new Realtylink

Realtylink is the best way to search for residential properties, houses and homes in BC. Find out how to use Realtylink.org!

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April 8, 2019

Port Coquitlam REALTOR® honoured for commitment to community

REALTOR® Jody Squires was awarded the 2018 REALTORS Care® award for his tireless fundraising and charitable efforts.

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April 8, 2019

Tri-Cities REALTOR® awarded profession’s highest honour

The Real Estate Board of Greater Vancouver awarded REALTOR® and business owner Josh Bath the Professional Excellence Award on April 5, 2019.

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April 2, 2019

Prospective home buyers remain on the sidelines in March

Metro Vancouver home sales dipped to the lowest levels seen in March in more than three decades.

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March 8, 2019

Housing market conditions favour home buyers

The Metro Vancouver housing market saw increased supply from home sellers and below average demand from home buyers in February 2019.

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March 7, 2019

Top tips to help you find your perfect home

Once you find the right REALTOR® for you, and you have your down payment and are pre-approved for a mortgage, the next step is to find your new home.

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March 7, 2019

Make your home green, save money with EfficiencyBC

EfficiencyBC helps you find green cost-savings programs for your home.

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March 6, 2019

What is the home owner grant and how do I get it?

The Home Owner Grant will save you money on your taxes.

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March 4, 2019

How REALTORS® establish a home's selling price

To attract buyers and ensure you receive a price that works best for you, your Realtor will help establish your home’s current market value.

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February 4, 2019

Home listings increase, buyers in holding pattern

Home listings continue to increase across all housing categories in the Metro Vancouver housing market in January.

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January 17, 2019

Save searches, add favourites on Realtylink.org

Are you looking to save your searches and favourite listings? Create a Realtylink.org account.

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December 3, 2018

Conserve water and save money with a rain barrel

A rain barrel is a great way to conserve water and save money in the process.

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December 3, 2018

Home suite home: Making a basement suite feel like home

Making the most out of a limited amount of space is a constant challenge for home owners with basement suites.

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September 11, 2018

2017 REALTORS Care® Award

REALTOR®John Patricelli honoured by the Real Estate Board of Greater Vancouver (REBGV)

 
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Story image for vancouver real estate from Globalnews.ca

Vancouver's iconic St. Paul's hospital hits the real estate market

Globalnews.ca-6 hours ago
“I've probably handled some of the most iconic real estate in the city,” said Tony Quattrin, vice chairman of capital markets for CBRE, the listing ...
 
Story image for vancouver real estate from Straight.com

Forum of the Week: Vancouver Real Estate Forum

Straight.com-2 hours ago
Put together by the events group Informa PLC, the annual Vancouver Real EstateForum will cover a wide range of topics, including housing ...
Story image for vancouver real estate from Vancouver Sun

Dan Fumano: Vancouver hits housing targets for bottom and top ...

Vancouver Sun-Apr. 2, 2019
While home ownership may have long been out of reach for many Vancouverites, the city struggles to produce enough rental homes that are ...
Story image for vancouver real estate from Better Dwelling

Vancouver Real Estate Sales Fall To 1986 Levels, Inventory Rises ...

Better Dwelling-14 hours ago
Greater Vancouver real estate prices are dropping, but buyers aren't interested. Real Estate Board of Greater Vancouver (REBGV) numbers ...
 
Story image for vancouver real estate from Vancouver Sun

BC's commercial real estate market stabilizing

Vancouver Sun-13 hours ago
B.C.'s commercial real estate market stabilizing ... and political headwinds, said Michael Buchan, a principal with Avison Young in Vancouver.
Story image for vancouver real estate from CityNews

Toronto real estate market steady, Vancouver's on decline

CityNews-9 hours ago
New numbers show Toronto's real estate market is remaining steady, whereas Vancouver's is on the decline. Meanwhile, several major ...
Story image for vancouver real estate from Globalnews.ca

Metro Vancouver home prices dip again in March, sales at historic low ...

Globalnews.ca-Apr. 2, 2019
Home prices across Metro Vancouver continued their slow decline in March, according to new figures from the Real Estate Board of Greater ...
 
Story image for vancouver real estate from Financial Post

There's a full-fledged housing chill in Vancouver, but it hasn't reached ...

Financial Post-11 hours ago
Ashley Smith, president of the Real Estate Board of Greater Vancouver, believes that housing “demand today isn't aligning with our growing ...
 
Story image for vancouver real estate from Vancouver Is Awesome

Dirty money in BC real estate reports submitted to province

Vancouver Is Awesome-Apr. 1, 2019
Two reports on money laundering in real estate and other high-end sectors were handed to the B.C. government today – but it could be a while ...
 
Story image for vancouver real estate from CBC.ca

Vancouver real estate prices are down, but still out of reach for many

CBC.ca-Apr. 1, 2019
Real estate prices are down in Vancouver, Canada's highest-priced market. But many renters say buying a house or condo is still out of 
Read full post

Ashley Smith becomes president of Real Estate Board of Greater Vancouver
The Georgia Straight
9 hours ago
Foreign ‘bottom feeders’ fuel West Vancouver recovery
Business In Vancouver
7 hours ago
Weak housing market to drag down BC economy for next 3 years: report
Daily Hive
22 hours ago
 
B.C. home sales, prices down in February
Vancouver Sun
1 day ago
Foreigners prefer newer condos in Metro Vancouver: study
Global News
1 day ago
Non-residents own 4.9% of Metro Vancouver homes
Vancouver Is Awesome
2 days ago
Metro Vancouver residential land prices may have already peaked
Vancouver Courier
2 days ago
9 unsold luxury homes in Vancouver being rented for cheap (PHOTOS)
Daily Hive
3 days ago
 
Housing report offers new insights into B.C.'s non-resident home ownership
Vancouver Sun
3 days ago
 
Five Metro Vancouver mansions rented for (relatively) cheap, cheap, cheap
Vancouver Sun
3 days ago
More for vancouver real estate

Web results

Vancouver, BC MLS® Listings & Real Estate for Sale | REW


https://www.rew.ca/properties/areas/vancouver-bc
 
REW.ca provides the latest MLS® listings of houses, townhomes, and condos for sale in Vancouver, BC. View Vancouver homes for sale.
 

B.C. home sales down in February | Vancouver Sun


https://vancouversun.com/news/local-news/b-c-home-sales-down-in-february
2 days ago - Home sales in B.C. were down again in February, a slump the B.C. Real EstateAssociation continues to blame on federal mortgage-lending ...

Vancouver Real Estate - Houses for Sale in Vancouver | Point2 Homes


https://www.point2homes.com/CA/Real-Estate-Listings/BC/Vancouver.html
 
$399,900.00 to $8,800,000.00
Results 1 - 24 of 1554 - 1554 homes for sale in Vancouver, BC. View photos and listing details of Vancouver, BC real estate, get open house info, find new ...
 

Vancouver Real Estate | Houses for Sale in Vancouver - RE/MAX ...


https://www.remax.ca/bc/vancouver-real-estate
 
$1,188,000.00 to $15,800,000.00
20 listings - Search all houses for sale, condos or townhouses to find the best homes for sale in Vancouver, British Columbia with Canada's #1 Real Estate Brand.
 

Vancouver Real Estate for Sale - Search MLS | Zoocasa


https://www.zoocasa.com/vancouver-bc-real-estate
 
Search properties for sale in Vancouver. Browse MLS real estate listings for homes, houses, condos and townhouses on Zoocasa.com, Canada's top real estate ...
 

Ashley Smith becomes president of Real Estate Board of Greater ...


https://www.straight.com/.../ashley-smith-becomes-president-real-estate-board-greater-...
 
10 hours ago - Oakwyn Realty's Ashley Smith replaces Phil Moore, whose term has expired as president of the Real Estate Board of Greater Vancouver.

Vancouver Real Estate - The Globe and Mail


https://www.theglobeandmail.com/real-estate/vancouver/
 
The Globe and Mail is Canada's top source for real estate news, market analysis and housing ... Vancouver zoning changes boosting land values - and rents.
 

Foreign 'bottom feeders' fuel West Vancouver recovery - Real Estate ...


https://biv.com/article/2019/03/foreign-bottom-feeders-fuel-west-vancouver-recovery
 
8 hours ago - Fuelled by a sudden spike in China-based buyers, the West Vancouver luxury housing market is bouncing off the bottom, according to China's ...

Real Estate | Daily Hive Vancouver


https://dailyhive.com/vancouver/category/real-estate
 
1-in-10 condos in Vancouver have non-resident owners: report. 1,396 .... 'It is a great time to buy' luxury real estate in Vancouver: report.
Read full post

BC government launches first-of-its-kind condo pre-sale registry

Vancouver Sun-6 hours ago
Real estate experts said gathering the pre-sale assignment data is a ... “It's not obvious that this behaviour makes Vancouver certainly in the ...
 
 
 
 
Story image for vancouver real estate from Daily Hive

'It is a great time to buy' luxury real estate in Vancouver: report

Daily Hive-Feb. 22, 2019
'It is a great time to buy' luxury real estate in Vancouver: report ... A new report further affirms Metro Vancouver's luxury housing market's recent ...
Story image for vancouver real estate from Vancouver Courier

BC real estate audits reveal widespread tax evasion

Vancouver Courier-Feb. 22, 2019
After reporting a record number of B.C. real estate audit ... value of homes owned by investor class immigrants in Metro Vancouver, in 2018, ...
Story image for vancouver real estate from CTV News

Looking for a luxury home? It's 'a great time to buy,' real estate ...

CTV News-Feb. 21, 2019
If you're looking to upgrade to a luxury house or condo in Metro Vancouver, a Canadian real estate company says it might be a good time to ...
Story image for vancouver real estate from BNNBloomberg.ca

Montreal's real estate market is about to eclipse Vancouver's

BNNBloomberg.ca-Feb. 15, 2019
In January, the total dollar value of real estate transactions in Vancouver fell to $1.7 billion (US$1.3 billion) on a seasonally adjusted basis, the ...
Story image for vancouver real estate from Globalnews.ca

Shock of federal mortgage stress test now behind BC housing market ...

Globalnews.ca-12 hours ago
The BC Real Estate Association is out with its latest housing forecast, and it's predicting a sales increase of two per cent this year and an ...
BC home sales to creep back up over next two years: BCREA
Local Source-Vancouver Courier-11 hours ago
 
Story image for vancouver real estate from CTV News

Vancouver real estate: Which cities are seeing the biggest drop in ...

CTV News-Feb. 6, 2019
It's no secret that home prices across Metro Vancouver have been falling in recent months, but a report released Wednesday by a real estate ...
Read full post


  1. Asking $5,900,000, Tax Assess $6,891,000. "One of Vancouver's most alluring residences providing an expansive 4,949 sf. w/ 3 bedrooms, 4 baths + den. Artisan craftsmanship & 7 superb private outdoor areas including a roof deck."

  2.  
  3.  

    "The annual 2% tax against a satellite family’s assessed home value is designed to bridge a policy gap that has led to tax avoidance attributable to trends in global migration and the internationalization of B.C. real estate."

  4.  

    "In essence, satellite family breadwinners earn income abroad while having their families live in B.C. The household thus pays little income tax in Canada but utilizes social services, the bulk of which is paid for by such taxes."

  5.  

    "He also encouraged the women to have his children – in two cases flying the pregnant women to other countries so they could give birth there and obtain citizenship for their children – while conducting similar relationships with the others"

  6.  

    "Journalist and author Tom Hawthorn observed, 'Next thing you know they’re going to be complaining about champagne corks damaging the priceless paintings aboard their yachts.'"

  7.  

    began this story, here's the ending: "The decision means the estate of Gang Yuan -– who left no will when his body was found chopped up in his British Properties mansion – will be split among his 5 children from 5 different mothers"

  8.  

    "Yuan gained permanent resident status in Canada through marriage and subsequent divorce from a sixth woman, which Myers described as 'clearly an immigration fraud.' Yuan led a lavish lifestyle, which none of the witnesses knew much about"

  9.  

    “'It’s where speculation occurs before a stick of housing goes up … Property values go up first before the buildings,' said. 'We don’t mind the increase in density,' Tennant said Thursday. 'The speculation is the problem.'”

  10.  

    Asking $3,690,000, Purchased 2018 $4,400,000. "A free-hold property with ideal 70x112 (7,875 SF) lot size in prestigious Little Australia, outside of UBC! This Spanish Colonial inspired home. Govn't assessed Value is $4.44M in 2018!"

  11.  

    "Hundreds of landlords still flouting the law almost a year after Vancouver introduced rules around short-term rentals. says a quick scan of 4,000 units listed on the site showed at least 800 in clear violation of the bylaws."

  12.  

    This is hopeful: “Compared to last year, we are expecting an increase in luxury sales activity,” said Royal LePage Real Estate. “Price reductions and increased selection in Greater Vancouver are expected to stimulate the luxury property market.”

  13.  

    "Government measures to reduce overseas buyer demand and cool the market were seen as partly responsible for this decline. Chinese nationals, an important luxury buyer, have seen restrictions placed on their ability to transfer wealth to Canada.”

  14.  

    "Canadians are ramping up borrowing against their homes even as the real estate market slumps. Helocs, reached a record $243 billion as of Oct. 31, or 11.3 per cent of total household credit, the highest share since mid-2015"

  15.  
  16.  
  17.  

    A lot of density for Dollarton North Vancouver : "The plan calls for 1,120 homes. Darwin proposed the NSID as an 18-building complex on 45 acres of mostly treed land with buildings up to eight storeys high."

  18.  

    "A falsehood has been spreading in dark corners of the Internet that Ginsburg is dead" and reported some people think she has a look-a-like covering for her.

     
  19.  

    Asking $599,000. Tax Assessment $687,000. "High 27th floor. North cool facing with balcony. Very practical floorplan no waste of space. Favorite Yaletown walk to restaurant, pubs, skytrain, library , BC Stadium. Immediate possession. Pets welcomed!"

  20.  

    "It’s one of the first rental towers to be built along Robson in decades, 'in a city that’s in need of rental housing and in a neighbourhood of luxury condominiums,'"

  21.  

    "Condo prices are down over 6% from peak. The price of a condo in Vancouver is coming down. The market is finally cooling, but it’s doing so very quickly. This is the twelfth consecutive month the annual pace of growth has declined."

  22.  

    "In the third quarter of 2018, the average price per square foot for a newly launched Vancouver area condo was $839, down 10% from the same period a year earlier. The inventory of units on the market are up 9%, it amounts to four months of supply."

Read full post

  1. "U.S. carriers have already received the message: shun Huawei equipment. The onus would be on Canada to prove that Huawei has a relationship with the Chinese military and security services."

  2.  
  3.  

    "CREA reported Friday that the average price for all housing types sold through the MLS fell to $455,000 in January, down 5.5% from the same month a year earlier. The last time the number came in below that level was December 2015."

  4.  

    This is why "Last fall, in response to complaints, the provincial government introduced new legislation that would restrict the size of residential properties on ALR — overriding municipal government policies." 13 bathrooms; parking for 50; helipad.

  5.  

    "“substantial income' from film and television production industry and its low property taxes due to its farm status ... provincial government introduced new legislation that would restrict the size of residential properties on ALR"

  6.  

    "a recent collapse in sales. That leaves Montreal’s soaring market poised to overtake the Pacific coast city’s. These measures have included new regional taxes on foreign buyers in Toronto and Vancouver that aren’t in place in Montreal."

  7.  

    "Chandler, 55, faces allegations of misconduct from B.C.’s real estate watchdog including accusations he mishandled more than $10 million of homebuyers’ deposits for units in a Langley condo project called Murrayville House"

  8.  
  9.  

    $2,999,000, Sold 2018 $3,400,000. Tax Assess $3,385,000. "entire sub-penthouse floor, spectacular 360 degree unobstructed, panoramic views of mountains, water and the city. 4 secured parking stalls. Boutique, concrete building in the heart of Kerrisdale!"

  10.  

    $340,000, Tax Assess $453,800. "Great corner 1bdrm suite with panoramic NW views of Downtown, Burnaby Mountain, and the North Shore! Just a 3minute walk to Lougheed Town Centre Mall, Wal Mart, steps to Skytrain"

  11.  

    "We’re the best. Nothing can hurt us. Reality is starting to set in. Prices went up so fast, and maybe for false reasons – not because people wanted to live here, but because they were propping up our market for a safe place to park their money.”

  12.  

    “The market has drastically dropped, and West Vancouver is the worst market in North America with its months of supply. It’s got about 14 months of supply, and it’s going to get worse as we come into spring.”

  13.  

    "The selling price reflects the withdrawal of Mainland Chinese money from West Vancouver. He saw another sale in the neighbourhood where a new house was listed for $10.5 million went for $6 million, well below assessed value."

  14.  
  15.  

    $1,712,000. Tax Assess $2,358,000. Point Grey "Fantastic investment opportunity to own a home so close to UBC and shopping."

  16.  

    $1,750,000. Purchased 2016 $2,380,000. Dunbar "Central location, close to Lord Kitchener Elementary, Lord Byng Secondary, St. George Junior & Senior schools. 5 minute drive to UBC."

  17.  

    "Claridge claimed the money was a gift – a condition required by the lender – and that the house is his and that he was entitled to evict his mother."

  18.  

    ”'By 2026, there will be a new St. Paul’s Hospital on Station Street,' said. 'It will be big, it will be better.' 'That’s pretty fantastic,” said. 'The premier directed us to do the work to get this done.'”

  19.  

    "It may have been a relatively mild January for weather, but it was definitely chilly on the homes sales front across B.C. Last month saw the slowest January market for total B.C. home sales since 2013."

  20.  

    "'We’re seeing offshore money, for the first time, coming into industrial because they understand and can see the quality of the investment.' Canada is among the top countries in the world when it comes to cashless transactions."

  21.  
  22.  

    $549,950, Tax Assessment $627,000. "Fantastic value in this updated CORNER 2 bedroom condo with a HUGE fully fenced patio. Incredible Hastings Sunrise location steps to parks, lots of local breweries, transit, shopping and restaurants"

  23.  

    $898,000, Tax Assessment $1,124,000. "Most Desirable "The Mayfair House" Top Floor Two Bedroom Penthouse in Prestigious Point Grey! Rarely Available this Bright Open Floor Plan Features High Ceilings, Skylights and Generous Room Sizes"

  24.  

    $2,550,000, SOLD Presale 2016 $2,918,895. Tax Assessment $2,814,000. "Welcome to Navio North by Concert, a LEED GOLD Certified Building! Brand NEW, Spacious 2 bdrm, 2 bath + den in heart of S.E. False Creek. Sprawling 1616 sq.ft. of LUXURY living"

  25.  

    "Surrey, B.C. with an 88 per cent price increase from C$450,213 in 2013 to $845,500 in 2018. San Francisco (69 per cent) ranked third, followed by Vancouver (68 per cent)"

  26.  

    Asking $1,599,000. Kitsilano Detached "This home has been in the same family since it was built in the 1940's!! Situated on a tree lined street and in largely original condition."

  27.  
  28.  

    "The real estate listing goes on to boast of the home’s sunny exposure and the fact that the property’s city water and utilities remain intact."

  29.  

    "under the Liberals $16.2 billion over 20 years for power that it is not likely to need. 81% of the $1.4 billion in payments would now flow to companies controlled from outside B.C. many have been snapped up by buyers internationally"

  30.  

    Asking $1,788,000, Tax Assessment $2,277,200. Kitsilano "This very functional craftsman style home has 4 amazing suites to great tenants. Hardwood floors, stained glass windows, beveled glass in the front door."

  31.  

    $2,980,000, Tax Assessment $4,082,000. 2016 SOLD $3,590,000. Shaughnessy "Well maintained 5,236 sqft home situated on a massive 70 x 194 foot lot. reno in 2016 completely, with 4 bedrooms up, 2 with ensuite, very private and lushly landscaped backyard and in-ground pool."

  32.  

    $4,765,000, Tax Assessment $5,794,000. 2011 SOLD $4,250,000. S.W. Marine "Exquisite luxury executive home! Gracious living, custom designed and featuring the finest materials in this state of the art home built to features"

  33.  

    $500,000, Tax Assessment $609,000. Vancouver East Victoria "Excellent Corner 2 Bedrooms & Den unit with lots of storage and an efficient open floor plan. Laminate & tile flooring, in-suite laundry & big patio."

  34.  

    "The Dec. 1 arrest in Vancouver by Canadian authorities of , CFO of , outraged Chinese officials, who have since lobbed accusations of 'backstabbing' and 'white supremacy' at the Canadian government."

  35.  

    "councillors unanimously backed a motion proposed by demanding the probe. It also calls on the mayor to write letters to the premier, minister of finance and attorney general affirming the city’s position."

  36.  

    "When prices did drop, decline was 14% though in a third of all cases prices fell more than 20%, The research highlights a reality that many in Canada's housing markets today have long forgotten: That what goes up can also come down."

  37.  

    "The policy has been amended several times, Pinnacle’s rezoning application proposes a height increase on the site from 17 to 54 storeys under this policy. The project has already attracted opposition."

  38.  
  39.  

    "Greater Vancouver housing prices saw a 'marked retreat' in January, in part responsible for pulling down national numbers. It’s the region’s sixth consecutive month without a composite price gain"

  40.  
  41.  
  42.  

    $867,000, Tax Assessment $1,021,000. 2018 SOLD $963,000. Marpole "Beautifully upgraded 2 Bdrm/2 Bath with rich materials & 270 degree SPECTACULAR VIEWS of WATER, MTNS & BEYOND! Steps to the Canada Line, JW Sexsmith Elementary & Sir Winston Churchill Sec."

Read full post

 
  1.  

    $340,000, Tax Assess $453,800. "Great corner 1bdrm suite with panoramic NW views of Downtown, Burnaby Mountain, and the North Shore! Just a 3minute walk to Lougheed Town Centre Mall, Wal Mart, steps to Skytrain"

  2.  

    "We’re the best. Nothing can hurt us. Reality is starting to set in. Prices went up so fast, and maybe for false reasons – not because people wanted to live here, but because they were propping up our market for a safe place to park their money.”

  3.  

    “The market has drastically dropped, and West Vancouver is the worst market in North America with its months of supply. It’s got about 14 months of supply, and it’s going to get worse as we come into spring.”

  4.  

    "The selling price reflects the withdrawal of Mainland Chinese money from West Vancouver. He saw another sale in the neighbourhood where a new house was listed for $10.5 million went for $6 million, well below assessed value."

  5.  
  6.  

    $1,712,000. Tax Assess $2,358,000. Point Grey "Fantastic investment opportunity to own a home so close to UBC and shopping."

  7.  

    $1,750,000. Purchased 2016 $2,380,000. Dunbar "Central location, close to Lord Kitchener Elementary, Lord Byng Secondary, St. George Junior & Senior schools. 5 minute drive to UBC."

  8.  

    "Claridge claimed the money was a gift – a condition required by the lender – and that the house is his and that he was entitled to evict his mother."

  9.  

    ”'By 2026, there will be a new St. Paul’s Hospital on Station Street,' said. 'It will be big, it will be better.' 'That’s pretty fantastic,” said. 'The premier directed us to do the work to get this done.'”

  10.  

    "It may have been a relatively mild January for weather, but it was definitely chilly on the homes sales front across B.C. Last month saw the slowest January market for total B.C. home sales since 2013."

  11.  

    "'We’re seeing offshore money, for the first time, coming into industrial because they understand and can see the quality of the investment.' Canada is among the top countries in the world when it comes to cashless transactions."

  12.  
  13.  

    $549,950, Tax Assessment $627,000. "Fantastic value in this updated CORNER 2 bedroom condo with a HUGE fully fenced patio. Incredible Hastings Sunrise location steps to parks, lots of local breweries, transit, shopping and restaurants"

  14.  

    $898,000, Tax Assessment $1,124,000. "Most Desirable "The Mayfair House" Top Floor Two Bedroom Penthouse in Prestigious Point Grey! Rarely Available this Bright Open Floor Plan Features High Ceilings, Skylights and Generous Room Sizes"

  15.  

    $2,550,000, SOLD Presale 2016 $2,918,895. Tax Assessment $2,814,000. "Welcome to Navio North by Concert, a LEED GOLD Certified Building! Brand NEW, Spacious 2 bdrm, 2 bath + den in heart of S.E. False Creek. Sprawling 1616 sq.ft. of LUXURY living"

  16.  

    "Surrey, B.C. with an 88 per cent price increase from C$450,213 in 2013 to $845,500 in 2018. San Francisco (69 per cent) ranked third, followed by Vancouver (68 per cent)"

  17.  

    Asking $1,599,000. Kitsilano Detached "This home has been in the same family since it was built in the 1940's!! Situated on a tree lined street and in largely original condition."

  18.  
  19.  

    "The real estate listing goes on to boast of the home’s sunny exposure and the fact that the property’s city water and utilities remain intact."

  20.  

    "under the Liberals $16.2 billion over 20 years for power that it is not likely to need. 81% of the $1.4 billion in payments would now flow to companies controlled from outside B.C. many have been snapped up by buyers internationally"

Read full post

This Week’s Top Stories: Toronto And Vancouver Real Estate Sales Fall To Great Recession Levels, Debt Growth Lowest Since 1983

Time for your weekly cheat sheet on this week’s most important stories.

Canadian Real Estate

The Last Time Canadian Household Debt Grew This Slow Was 1983
Canadian household debt hit a new record high, but the growth rate is decelerating. The balance of outstanding debt reached $2.16 trillion in December, up 3.1% from the year before. This pace of growth was 39% lower than the year before, and the slowest since June 1983. Yes, the last time Canadians borrowed at a slower pace was over three and a half decades ago.
Read More

Canadian Mortgage Growth Has Only Been Lower One Month In The Past 30 Years
Canadian mortgage growth is grinding to a halt, but still pushing new records. The outstanding balance of mortgage debt reached $1.54 trillion in December, up 3.1% from last year. This is the slowest annual pace of growth since April 2001, but it only lasted one month back then. If we wanted to find a period of longer than a month, we have to go back to the 1980s.
Read More

Toronto Real Estate

Greater Toronto New Home Sales Fall To 2008 Levels, Inventory Up Over 38%
Greater Toronto new home sales are dropping, while inventory continues to climb. New home sales fell to 940 in December, the weakest number for the month since 2008. It wasn’t because of a lack of inventory either, which reached 15,768 units – up 38% from last year. The few buyers that did participate in the market didn’t quite have a clear direction either. Single-family home prices continued to fall across the region. Meanwhile apartment condos continued to see rising prices.
Read More

Toronto Real Estate Sales Were The Second Lowest Since Great Recession
Toronto real estate is off to a slow start in 2019. The price of a typical home reached $761,800 in January, up 2.7% from last year. Only 4,009 sales were recorded in the month, up 0.6% from last year. That makes this the second slowest January on record since 2009.

Also worth noting that last year’s numbers received a downward revision. The revision is normal, but without it 2019 would be the lowest since 2009. If this year’s numbers get a similar sized revision, it would also make this the lowest since 2009. The takeaway? The sales number is crap either way.
Read More

First-Time Toronto Real Estate Buyers To Use “Current Home” To Fund Down Payments
The Toronto Real Estate Board conducted their annual buyer survey, giving some useful insights to the industry. The thing that stood out most to use was a chart on how first-time buyers intend to buy their first home. 10% of first-time buyers plan on using equity from their “current home” to buy their next one. First-time buyer. Existing home equity. 
Read More

Vancouver Real Estate

Vancouver Real Estate Prices Make Biggest Drop Since 2009
Vancouver real estate is being hit with lower prices, and falling sales. The price of a typical home across the region fell to $1,019,600 in January, down 4.5% from last year. Sales fell to 1,103, down 39.3% from last year. The price drop is the largest observed since July 2009, and sales were the fewest since January 2009.
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UDI forecast predicts the housing market to “reset” in 2019

Vancouver Sun-15 hours ago
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CTV News-Feb. 6, 2019
It's no secret that home prices across Metro Vancouver have been falling in recent months, but a report released Wednesday by a real estate ...
 
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Vancouver Courier

'High degree' of vulnerability detected in Vancouver housing market ...

Business in Vancouver-Feb. 7, 2019
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Greater Vancouver's real estate board calls on Ottawa to 'tweak ...

Globalnews.ca-Feb. 6, 2019
The Real Estate Board of Greater Vancouver is calling on Ottawa to revisit ... caused more harm than good in Vancouver's hot housing market.
 
Story image for vancouver real estate from Vancouver Sun

Five examples of Metro Vancouver homeowners losing big in a ...

Vancouver Sun-Feb. 5, 2019
1: 2235 West 21st in Vancouver's Arbutus Ridge neighbourhood. .... my clients throughout their journey offering innovative real estate solutions.

Metro Vancouver real estate remains a buyer's market as inventory ...

Business in Vancouver-Feb. 5, 2019
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Story image for vancouver real estate from CTV News

Burned-out house for sale for $1M in Metro Vancouver

CTV News-11 hours ago
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  1. “We have a crisis where hard-working British Columbians are being shut out of the market. We have seen examples of families being forced to live in tents, workers & seniors living in their cars & young professionals leaving the province.”

  2.  

    "faced with some of the highest housing prices in the world. The speculation & vacancy tax is already moderating the housing market curbing foreign investment against people looking to use the market as a resting place for foreign capital"

  3.  

    Someone's high because where detached go, attached is sure to follow. "Eventually, he added the drop in sales of roughly 43% will lead to a price correction of 5 to 10% in single-family homes, but not for condominiums where demand is still 'high.'"

  4.  

    "a far better fix would be to build housing for students, faculty and staff right on campus. Even proponents of the Broadway extension don’t claim that we need such an expensive system ... it’s wildly overbuilt for current transit loads."

  5.  

    "when the province is facing a crisis and the people for British Columbians is facing a crisis and the economy is facing a crisis because of the lack of the affordable housing, it is the responsibility of the provincial government to act.”

  6.  

    "I can tell you it is tied to the opioid crisis that has taken thousands of people from their families,” said . “It’s linked to the real estate market and prices that have made life unaffordable for British Columbians.”

  7.  

    $2,988,800, Sold Jan-2016 $3,200,000, Tax Assess $3,317,800. "Ideal corner lot in one of the West Side's most sought-after neighborhoods. Substantial 49 x 130.35 with North Mountain view. Located on the quiet part of W. King Edward, only 2 blocks to Dunbar shops."

  8.  

    $938,000, Tax Assess $1,174,000. "Renfrew Vancouver East. Cute 2 bedroom home with nice living room, kitchen with eating area and full bathroom on main floor."

  9.  

    "Too much new development, or land inflation due to increased development potential, kills social capital. This affects both housing and small businesses. Addressing this requires a deeper dive into the details of zoning."

  10.  

    “Communities are essentially hollowing out there. Some coffee shops on the west side are now closing a couple of days a week [because they can’t get servers who can afford to live nearby].”

  11.  
  12.  

    ⁩ “Most of the roughly 5,000 migrants a year who exploit Quebec’s buy-a-passport program immediately move to Metro Vancouver and Toronto, where their foreign-sourced dollars pump up the cities’ already high-priced real estate.”

  13.  

    “‘Tax changes targeting foreign buyers or higher stamp duty (Vancouver, Toronto, Hong Kong) has led to slower growth at the luxury end of the market,’ Knight Frank said in the report issued last week.”

  14.  

    "Sales in Vancouver fell by 1.5 per cent in September and benchmark prices declined 1.2 per cent, the Canadian Real Estate Association said Monday."

  15.  

    "Vancouver apartment prices have fallen 3.1 per cent over the last three months, according to the city’s real estate board."

  16.  
  17.  

    Thanks for sticking up for the , and bringing up the fact there was exactly no retribution on Matheson. They need some enforcement to protect their players.

     
  18.  
  19.  

    pushing up camper prices "cost her $6,200. A good deal for a used fibreglass trailer, according to Ian Giles, vintage camper fanatic & repairman. Mr. Giles estimates the standard used vintage camper now sells for $8,000 to $10,000.”

  20.  
  21.  

    Remember this article a month from now. "Despite B.C. home sales taking a nosedive in September, BCREA stands by its assertion that the 'downturn is largely behind us' and that market activity is expected to pick up."

  22.  

    "The B.C. Court of Appeal on Thursday turned down a proposed class-action suit against the Sahota family. The B.C. government says it will review a court ruling to determine whether changes are needed to protect renters."

  23.  
  24.  

    Housing Affordability " has compiled brief summaries on where they stand on key issues facing the city. The following responses were submitted by seven top mayoral candidates."

  25.  

    "The Globe canvassed parties to get their positions on recent affordability initiatives taken by the outgoing Vision Vancouver council - and their big ideas to ease the housing crunch."

  26.  

    "There are many accusations about why there is an agenda to remove them. It would be prudent to obtain a current seismic report from a different engineering firm"

  27.  

    "the Branch is working to recover the funds owing. That said only a small amount ($70,000) has been recovered so far from asset auctions & seized funds. A judgment on a multi-million-dollar property is still going through the legal system"

  28.  

    "We heard about a new report, titled No Vacancy, shows that Metro Vancouver’s affordability crisis is now surging into the suburbs. tells us what the province is doing to tackle some of the troubling findings in No Vacancy."