Real estate

Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz

Annual pace of housing starts down in December: Canada Mortgage and Housing Corp

Rural starts were estimated at a seasonally adjusted annual rate of 22,373 units

Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz
Half of the most expensive homes are on 2080 Mackenzie Crt, which is across the street from Revelstoke Mountain Resort. (Liam Harrap/Revelstoke Review)

The 10 most valuable homes in Revelstoke for 2020

Combined, the properties are worth more than $35M

Half of the most expensive homes are on 2080 Mackenzie Crt, which is across the street from Revelstoke Mountain Resort. (Liam Harrap/Revelstoke Review)
Real estate sales in the South Okanagan grew by more than any other part of the province in 2020. (Marissa Tiel - Black Press)

South Okanagan fastest growing real estate market in B.C.

There was over $1 billion in residential sales in 2020

Real estate sales in the South Okanagan grew by more than any other part of the province in 2020. (Marissa Tiel - Black Press)
12990 Pixton Road in Lake Country. (BC Assessment)

Thompson-Okanagan’s most expensive home located in Lake Country

Central Okanagan take the top 20 spots on BC Assessment’s list of highest-valued residential properties in the region

12990 Pixton Road in Lake Country. (BC Assessment)
FILE – Construction cranes tower above condos under construction near southeast False Creek in Vancouver on February 9, 2020. THE CANADIAN PRESS/Darryl Dyck

B.C. property values went up 4.2% in 2020 as most homeowners see ‘moderate increases’

Every region in B.C. reported a zero to 10 per cent increase in valuation, although individual cities differ

FILE – Construction cranes tower above condos under construction near southeast False Creek in Vancouver on February 9, 2020. THE CANADIAN PRESS/Darryl Dyck
(The Canadian Press)

1st-time homebuyers see new opportunities, challenges in pandemic economy

Canadians are willing to give a child, family member an average of $60,513 to help them buy a home

(The Canadian Press)
Houses are seen in an aerial view, in Langley, B.C., on Wednesday, May 16, 2018. A company that supports hundreds of credit unions across Canada predicts British Columbia’s housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. THE CANADIAN PRESS/Darryl Dyck

B.C. housing market to remain vibrant through the new year: report

The report also forecasts a firmer rental market through 2022 as economic conditions normalize

Houses are seen in an aerial view, in Langley, B.C., on Wednesday, May 16, 2018. A company that supports hundreds of credit unions across Canada predicts British Columbia’s housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. THE CANADIAN PRESS/Darryl Dyck
This five-lot block on Westminster Avenue in Penticton is lsited for sale at $3.15 million. (Contributed)

Entire Penticton block listed for sale at $3.15 million

The owner of the Villa Rosa is selling the property that includes their restaurant

This five-lot block on Westminster Avenue in Penticton is lsited for sale at $3.15 million. (Contributed)
A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales rose 32.1 per cent in November compared with the same month last year, matching the record-breaking year-over-year increase seen in October. THE CANADIAN PRESS/Graeme Roy

Home sales shoot up 32.1% year-over-year in November

CREA says the average price is $122,000 lower excluding the Greater Vancouver and Greater Toronto Area

A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales rose 32.1 per cent in November compared with the same month last year, matching the record-breaking year-over-year increase seen in October. THE CANADIAN PRESS/Graeme Roy
The real estate market is brisk in the South Okanagan, with home prices increasing according to November, 2020 statistics. (Contributed)

House prices rise while supply is limited in South Okanagan

Real estate market active, according to November statistics from South Okanagan Real Estate Board

The real estate market is brisk in the South Okanagan, with home prices increasing according to November, 2020 statistics. (Contributed)
A real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan. 3, 2017. nbsp;Real estate brokerage Royal LePage says home prices are increasing in Canada’s cottage country, as more buyers look to move there full-time. THE CANADIAN PRESS/Jonathan Hayward

Home prices rise in cottage country amid demand from remote workers, retirees

The data from Royal LePage comes amid an overall uptick in home prices this year,

A real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan. 3, 2017. nbsp;Real estate brokerage Royal LePage says home prices are increasing in Canada’s cottage country, as more buyers look to move there full-time. THE CANADIAN PRESS/Jonathan Hayward
The Hockley Motel in Mono, Ont., is shown in this undated handout photo. An Ontario motel that served as a backdrop for the beloved CBC sitcom “Schitt’s Creek” is up for sale. The Hockley Motel in Mono, about an hour’s drive northwest of Toronto, was listed for $2 million today. THE CANADIAN PRESS/HO - Colliers International

Calling all eccentric millionaires: ‘Schitt’s Creek’ motel up for sale for $2 million

The listing presents the 6.7-acre riverside property as a fixer-upper that would appeal to travellers

The Hockley Motel in Mono, Ont., is shown in this undated handout photo. An Ontario motel that served as a backdrop for the beloved CBC sitcom “Schitt’s Creek” is up for sale. The Hockley Motel in Mono, about an hour’s drive northwest of Toronto, was listed for $2 million today. THE CANADIAN PRESS/HO - Colliers International
A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales in October edged back from their all-time record high for monthly sales they set in September. THE CANADIAN PRESS/Graeme Roy

CREA says October home sales edged back from record high set in September

The actual national average home price also set another record in October at $607,250

A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales in October edged back from their all-time record high for monthly sales they set in September. THE CANADIAN PRESS/Graeme Roy
Housing sales and the average selling prices are both increasing in the South Okanagan, according to statistics released by the South Okanagan Real Estate Board. (Contributed)

South Okanagan housing market shows increase in activity

Number of sales and average selling prices both higher in October than same month in 2019

Housing sales and the average selling prices are both increasing in the South Okanagan, according to statistics released by the South Okanagan Real Estate Board. (Contributed)
Regulatory agencies overseeing real estate professionals in B.C. have called for a halt to all open houses, across the province. (THE CANADIAN PRESS/Sean Kilpatrick)

B.C. realtors asked to halt open houses due to spike in COVID cases

The Real Estate Council of BC says as COVID-19 cases surge, open houses should stop

Regulatory agencies overseeing real estate professionals in B.C. have called for a halt to all open houses, across the province. (THE CANADIAN PRESS/Sean Kilpatrick)
Online sales are beginning to alter the traditional sales practices for real estate developments. (Contributed)

Embracing digital sales tactics in Okanagan housing market

Real estate industry’s resistance to online sales can’t last

Online sales are beginning to alter the traditional sales practices for real estate developments. (Contributed)
(Black Press Media files)

B.C. suburbs could see increased demand for rental units as people work from home

Vancouver’s average monthly rent is the highest out of 35 cities across Canada

(Black Press Media files)
A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. The Canadian Real Estate Association says home sales in September hit another record for the month as they continued to climb higher and prices soared.THE CANADIAN PRESS/Sean Kilpatrick

Canada records record home sales for September, up 45.6% from 2019

Actual national average home price in September was a record $604,000

A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. The Canadian Real Estate Association says home sales in September hit another record for the month as they continued to climb higher and prices soared.THE CANADIAN PRESS/Sean Kilpatrick
New home construction takes place in a development in Oakville, Ont., on Thursday, August 15, 2019. Canada Mortgage and Housing Corp. says that the pace of housing construction starts increased marginally overall last month compared with October, although there were declines in five provinces. THE CANADIAN PRESS/Nathan Denette

CMHC reports annual pace of housing starts in Canada fell 20 per cent in September

Economists had expected an annual rate of 240,000 starts in September

New home construction takes place in a development in Oakville, Ont., on Thursday, August 15, 2019. Canada Mortgage and Housing Corp. says that the pace of housing construction starts increased marginally overall last month compared with October, although there were declines in five provinces. THE CANADIAN PRESS/Nathan Denette
The South Okanagan Real Estate Board released stats Oct. 5 2020 showing that single-family residential sales in the South Okanagan more than doubled in Sept. 2020 compared to Sept. 2019, with an increase of 122 per cent. (Michael Lang / Black Press)

South Okanagan real estate sales boom in September

More than double the amount of single family units were sold compared to last September

The South Okanagan Real Estate Board released stats Oct. 5 2020 showing that single-family residential sales in the South Okanagan more than doubled in Sept. 2020 compared to Sept. 2019, with an increase of 122 per cent. (Michael Lang / Black Press)