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British Columbia

Pricing drops fail to defuse Metro housing affordability concerns

Pricing drops fail to defuse Metro housing affordability concerns

“Changes in prices do not materially affect resale activity [in] Vancouver,” says economist
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Average B.C. home price has slid nearly 10 per cent in past year: BCREA

Average B.C. home price has slid nearly 10 per cent in past year: BCREA

Real estate association blames mortgage stress test for “sidelining” buyers, calls for feds to scrap it entirely
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East Delta greenhouse gets go-ahead for cannabis conversion

East Delta greenhouse gets go-ahead for cannabis conversion

Pure Sunfarms’ total licensed cannabis production area is now approximately 1.03 million square feet in 16 grow rooms
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Reviews positive for Westbank’s S-shaped office building

Reviews positive for Westbank’s S-shaped office building

Project includes upgrade of existing steam plant
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Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

Relatively small percentage of province’s homes are jointly owned by resident and non-resident owners, says federal housing agency
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Metro Vancouver residential land prices may have already peaked

Metro Vancouver residential land prices may have already peaked

Nosebleed dirt prices expected to ease as residential downturn, construction costs, politics and financing fears cool land speculation across the region
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Burnaby’s tallest building ‘topped off’ as Brentwood megaproject grows

Burnaby’s tallest building ‘topped off’ as Brentwood megaproject grows

At a dizzying 614 feet, Tower Two is the tallest building in Burnaby
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Robson Street’s last independent shops say goodbye

Robson Street’s last independent shops say goodbye

13-storey downtown Vancouver office tower slated for 600 block of Robson
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B.C. real estate not alone as home prices slide across prime global cities

London, Sydney, Hong Kong and more seeing price declines over past year, reports The Economist – a correlation that could herald a global recession
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City of Victoria wants province to change assessments on short-term rental condos

City of Victoria wants province to change assessments on short-term rental condos

Change proposed by city council would see such units assessed as commercial, not residential, for tax purposes
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