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British Columbia

Kelowna home starts surge 61 per cent

Kelowna home starts surge 61 per cent

Okanagan city the outlier as province-wide new home construction flatlined in June and fell in Vancouver, according to CMHC
(Some) B.C. tenants can now be evicted

(Some) B.C. tenants can now be evicted

The easing of the eviction ban does not include evictions for non-payment of rent but does cover eviction orders that pre-date COVID-19
Home prices up, sales down across Northern B.C.

Home prices up, sales down across Northern B.C.

Housing sales are down 30 per cent from 2019 but average home price up slightly to $329,364
Mortgage rates “dirt cheap” as debt, deferrals rise

Mortgage rates “dirt cheap” as debt, deferrals rise

Five-year fixed-rates as low as 1.9 per cent, but near-free money arrives as mortgage debt and deferrals soar
Fraser Valley homes up in June from month, year earlier

Fraser Valley homes up in June from month, year earlier

An average of 55 homes sold every day during the month as determined buyers rolled through pandemic restrictions
Update: Why B.C. paid $7M over assessed value

Update: Why B.C. paid $7M over assessed value

B.C. government says paying nearly double the assessed value for a Victoria hotel was due to development value of the 1.3-acre site
Prices steady as resale home sales increase

Prices steady as resale home sales increase

Metro Vancouver's June housing sales up month-over-month and 17 per cent above June 2019 with prices higher than a year ago
New condo sales, starts plummet in Metro Vancouver

New condo sales, starts plummet in Metro Vancouver

Only two new condominium projects with 200 units launched in the six weeks ending May 15, down 75 per cent from the same period in 2019
Telling tale of two hotel sales

Telling tale of two hotel sales

In Victoria, an award-winning waterfront property sells to a developer for $5.6 million while B.C. taxpayers pay $14 million for a half-century old motel where the building is assessed at $90,000
Trophy waterfront estate up for sale in Vernon

Trophy waterfront estate up for sale in Vernon

The 234-acre parcel, considered among the last great waterfront packages available in the North Okanagan, begins our annual look at trophy and waterfront listings in Western Canada. See our August issue for full coverage.