Real estate

Prime Minister Justin Trudeau tours a rental housing development in Vancouver, Monday, Feb. 11, 2019. The federal government is hoping to help more Canadians become homeowners through a new rent-to-own initiative, but experts are warning it may not be the best pathway for everyone. THE CANADIAN PRESS/Jonathan Hayward

Rent-to-own can help create homeowners, but experts say may not be best for everyone

Liberals plan a $200-million investment in a five-year rent-to-own program

 

David and Amanda Horvath look over the looming cliff of a landslide behind their home at 5412 McConnell Crescent in Terrace, B.C. (Michael Bramadat-Willcock/Terrace Standard)

Couple’s ‘dream home’ at risk of sliding into northwest B.C. river

Families look on helplessly as property erodes into river behind them

 

House for sale. (THE CANADIAN PRESS/Evan Buhler)

Four straight months of falling house prices in Central Okanagan

The benchmark price for a single-family home is still above $1M

 

(Black Press Media Creative)

Canada’s real estate market is cooling. Here’s what to expect this fall

Realtors, economists at odds over how long pricing slide will last and how low it will go

(Black Press Media Creative)
The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July but this month’s drop was the smallest of the five. A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home sales fall for fifth month in a row, down 29% from last July: CREA

New listings in July totalled 73,436, down six per cent from last July

The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July but this month’s drop was the smallest of the five. A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Brown areas are within a five-minute walk of one of the planned local SkyTrain stations. Areas in tan are within a 10-minute walk. (Langley City OCP)

Most land on Langley City SkyTrain route already bought by developers: realtor

Langley City land assemblages are ready to be redeveloped over the next few years

Brown areas are within a five-minute walk of one of the planned local SkyTrain stations. Areas in tan are within a 10-minute walk. (Langley City OCP)
Chads Island sits off the northwest shore of Princess Margaret Marine Park (Portland Island). (Photo courtesy of Unique Properties)

You can own your own private B.C. island for $2.9M

Chads Island has swimmable beaches and a protected dock

Chads Island sits off the northwest shore of Princess Margaret Marine Park (Portland Island). (Photo courtesy of Unique Properties)
Policies recommended include investments in public housing, mandatory inclusionary zoning and tying rent increases to units rather than individual tenancies. THE CANADIAN PRESS/Darryl Dyck

British Columbians support progressive housing policies to combat affordability crisis: poll

The soaring cost of housing is the single biggest component of the affordability crisis in B.C.

Policies recommended include investments in public housing, mandatory inclusionary zoning and tying rent increases to units rather than individual tenancies. THE CANADIAN PRESS/Darryl Dyck
5462 Stonebridge Dr, Whistler is listed at $39 million. (Photo: MLS listing Maggi Thornhill/Engel & Volkers Whistler).

Whistler $39M home tops list of most expensive houses for sale in Canada

Houses in Vancouver and Surrey on list of top 10 pricey homes on the market in big cities

5462 Stonebridge Dr, Whistler is listed at $39 million. (Photo: MLS listing Maggi Thornhill/Engel & Volkers Whistler).
The Okanagan real estate industry is in the midst of a ‘cooling off’ period after robust sales and climbing housing prices over the last two years. (File photo)

Okanagan real estate market volatility cools down

Rising interest rates curb hot seller’s market

The Okanagan real estate industry is in the midst of a ‘cooling off’ period after robust sales and climbing housing prices over the last two years. (File photo)
A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy

June home sales down 24% from last year, 6% since May: CREA

Drops attributed to pressures tied to Bank of Canada’s continued hikes to its key interest rate.

A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy
Commissioner Austin Cullen listens to a question while meeting with reporters after releasing his report from his Inquiry into Money Laundering in British Columbia in Vancouver, B.C., Wednesday, June 15, 2022. THE CANADIAN PRESS/Rich Lam

B.C. money laundering report calls for new law enforcement unit, provincial office

Commissioner estimates billions laundered in B.C. every year

Commissioner Austin Cullen listens to a question while meeting with reporters after releasing his report from his Inquiry into Money Laundering in British Columbia in Vancouver, B.C., Wednesday, June 15, 2022. THE CANADIAN PRESS/Rich Lam
Recreational real estate in the Okanagan is rising in popularity, as Canadians seek to take advantage of what B.C. has to offer (Photo Submitted by RVezy).

Analyst expects Okanagan recreational real estate market to pop

COVID-sparked minset reset could have Canadians seeking out the good things in life in B.C.

Recreational real estate in the Okanagan is rising in popularity, as Canadians seek to take advantage of what B.C. has to offer (Photo Submitted by RVezy).
This waterfront Oak Bay estate sold for $13,195,000. (Courtesy Sotheby’s International Realty Canada)

$13M Oak Bay waterfront estate sets new listing service record

Priciest sale in Greater Victoria hit $22M in 2021

This waterfront Oak Bay estate sold for $13,195,000. (Courtesy Sotheby’s International Realty Canada)
A real estate sign is pictured in Vancouver on June, 12, 2018. The regulator for British Columbia’s real estate sector has recommended that the province adopt a so-called “cooling-off” period of three business days to protect people buying a home, through legislation tabled this spring. THE CANADIAN PRESS Jonathan Hayward

B.C. financial regulator advises three-day ‘cooling-off’ period for homebuyers

B.C. Financial Services Authority: with exceptions, buyers should not be allowed to waive period

A real estate sign is pictured in Vancouver on June, 12, 2018. The regulator for British Columbia’s real estate sector has recommended that the province adopt a so-called “cooling-off” period of three business days to protect people buying a home, through legislation tabled this spring. THE CANADIAN PRESS Jonathan Hayward
Brendon Ogmundson, Chief Economist for BC Real Estate Association. (Photo/Gary Barnes)

Big drop in housing sales predicted for Central Okanagan

Economist expects prices will stay relatively flat

Brendon Ogmundson, Chief Economist for BC Real Estate Association. (Photo/Gary Barnes)
A Saanich home listing is attracting a lot of attention on social media after being featured in a TikTok video. (Courtesy Realtor.ca)

B.C. home featured in ‘creepy’ real estate listings with TikTok video goes viral

Listed for almost $800,000, a sale is pending on the Gordon Head home

A Saanich home listing is attracting a lot of attention on social media after being featured in a TikTok video. (Courtesy Realtor.ca)
A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. A wave of buyer’s remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. THE CANADIAN PRESS/Graeme Roy

Worry, buyer’s remorse high as real estate market slowdown materializes

Country experienced a 25.7 per cent drop in the number of homes sold over the last year

A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. A wave of buyer’s remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. THE CANADIAN PRESS/Graeme Roy
Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. The Canadian Real Estate Association says the pace of home sales fell in April as mortgage rates moved higher. THE CANADIAN PRESS/Jeff McIntosh

CREA reports home sales down in April as mortgage rates rise

Number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021

Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. The Canadian Real Estate Association says the pace of home sales fell in April as mortgage rates moved higher. THE CANADIAN PRESS/Jeff McIntosh
A tradesperson works on a balcony at a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away. THE CANADIAN PRESS/Darryl Dyck

Higher interest rates push homes sales in B.C. back toward normal: association

British Columbia Real Estate Association estimates a balanced market is at least a year away

A tradesperson works on a balcony at a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away. THE CANADIAN PRESS/Darryl Dyck