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British Columbia

Housing starts down seven per cent in March from February: CMHC

Housing starts down seven per cent in March from February: CMHC

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.
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B.C. experts urge more budget spending to tackle housing crisis

B.C. experts urge more budget spending to tackle housing crisis

Funding attached to the Canada Rental Protection Fund and infrastructure fund is not enough, says B.C. housing minister.
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B.C. home sales slide almost 10 per cent in March despite mortgage rate drop

B.C. home sales slide almost 10 per cent in March despite mortgage rate drop

The B.C. Real Estate Association says the province saw 6,460 residential unit sales in the Multiple Listing Service systems last month, a 9.5-per-cent decline from March 2023.
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Comment: B.C. needs legislation that requires construction payments to be prompt

Comment: B.C. needs legislation that requires construction payments to be prompt

Why should anyone have to wait to be paid for completed work?
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'Factory-built housing' linchpin in solving Canada's housing crisis, says former mayor

'Factory-built housing' linchpin in solving Canada's housing crisis, says former mayor

Co-chair of housing and climate task force says B.C. forestry industry to play key role in building 5.8 million homes through 'factorization' of Canadian housing.
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Liberals say their plan to 'solve the housing crisis' will build 3.9M homes by 2031

Liberals say their plan to 'solve the housing crisis' will build 3.9M homes by 2031

OTTAWA — The federal Liberals have unveiled their plan to solve the housing crisis, building on recent announcements with new tax incentives, more than a billion dollars for homelessness and a country-wide effort to build more housing on public lands
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Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes

Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes

TORONTO — Some advocates are praising Ottawa's move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians would help make home ownership more affordable.
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Metro Vancouver industrial real estate market starting to normalize

Metro Vancouver industrial real estate market starting to normalize

A significant portion of new developments under construction are in strata industrial.
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Canada needs to build 1.3M additional homes by 2030 to close housing gap, says PBO

Canada needs to build 1.3M additional homes by 2030 to close housing gap, says PBO

OTTAWA — The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country's housing gap.
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B.C. building code changes allow for higher mass timber buildings

B.C. building code changes allow for higher mass timber buildings

New mass timber buildings in B.C. can now reach up to 18 storeys for residential and office towers
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