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British Columbia

Empty Homes Tax registers 8,481 vacant, exempt or undeclared homes in Vancouver

Owners of empty properties will be sent a tax bill in mid-March for one per cent of their home's assessed value
B.C. property owners fight 'speculation' tax with petition

B.C. property owners fight 'speculation' tax with petition

Home owners and investors from within and outside of B.C. are rapidly signing up to a petition that is aims to fight the provincial government’s recently announced speculation tax.
Vancouver construction costs highest in Canada

Vancouver construction costs highest in Canada

Detached homes cost up to $460,000 to build in Vancouver, versus $420,000 in Toronto and $300,000 in Calgary
Mill town of Powell River becomes low-cost investment destination

Mill town of Powell River becomes low-cost investment destination

Powell River is welcoming an influx of homebuyers and real estate investors looking for low-cost living and potential income growth
FBI has yet to contact developer of Vancouver’s Trump tower

FBI has yet to contact developer of Vancouver’s Trump tower

CNN reports an investigation is ongoing and includes negotiations and financing arrangements at the Trump International Hotel and Tower Vancouver
Real estate industries made up fifth of Canada's GDP in 2017

Real estate industries made up fifth of Canada's GDP in 2017

Real estate, construction and related financial and insurance industries are together responsible for more than 20 per cent of Canada’s GDP in 2017, according to a quarterly report released by Statistics Canada March 2. Here in B.C.
Several new tenants slated for Granville Street

Several new tenants slated for Granville Street

Chit Chat restaurant, Blaze Pizza and Spaces co-working office venture to fill former Tom Lee Music building
Metro Vancouver detached home sales slump in February

Metro Vancouver detached home sales slump in February

In a month that usually starts picking up in terms of sales activity ahead of the spring market, detached home sales in Metro Vancouver saw a considerable slump in February, according to the latest statistics. Detached sales were down 39.
Vancouver Island’s low prices, potential entice developers

Vancouver Island’s low prices, potential entice developers

Lower land costs, higher cap rates and a booming economy put Victoria and the Island in the crosshairs of Lower Mainland real estate investors
Canadian commercial real estate investment value hits $43B record high

Canadian commercial real estate investment value hits $43B record high

Commercial real estate deals surpassed records for the second consecutive year in 2017 - and are on track for new highs in 2018