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Real Estate

Development pressures drive Craftsman Collision out of central Vancouver

Development pressures drive Craftsman Collision out of central Vancouver

Busy auto body's West Sixth Ave. location to be replaced by nine-storey office tower
To the surprise of no one, Vancouver named third least affordable city in study

To the surprise of no one, Vancouver named third least affordable city in study

In not-so-surprising news, the latest Demographia study names Vancouver as the third least affordable city in a study of 293 metropolitan housing markets. It ranks just behind Hong Kong and Sydney.
Interest rate hikes create FOMO factor, boosting condo sales

Interest rate hikes create FOMO factor, boosting condo sales

Condos selling for above asking prices despite lending rate hikes and mortgage stress test
Development in Vancouver 'on wrong side of change'

Development in Vancouver 'on wrong side of change'

The barriers to development – such as restrictive zoning, lengthy permit processes and community opposition – are one of the key reasons that companies like Amazon won’t consider Vancouver for headquarters, according to a local developer.
New 'Dawson’s Creek' townhouse development gives playful nod to TV teen soap

New 'Dawson’s Creek' townhouse development gives playful nod to TV teen soap

I saw the bright pink signage driving south on Highway 99 towards the U.S. border. “DAWSON’S CREEK Townhomes. I don’t want to wait.
$28M mansion on 'Billionaire’s Row' is region’s priciest new listing

$28M mansion on 'Billionaire’s Row' is region’s priciest new listing

A huge home on “Billionaire’s Row” – Belmont Avenue in Point Grey, where two of B.C.’s five highest-valued properties are located – was the region’s priciest new MLS® listing of last week (January 8-14).
New condo supply to pick up after 2017 starts slump

New condo supply to pick up after 2017 starts slump

Fears of a new condo shortage in Vancouver have eased slightly as mandatory registrations of new strata units with BC Housing for warranty insurance increased through the second half of last year.
Landlords in B.C. lobby to nip pot in the bud

Landlords in B.C. lobby to nip pot in the bud

B.C. landlords want the province to follow the lead of Quebec and ban marijuana growing in private homes when recreational marijuana becomes legal under federal legislation on July 1. LandlordBC, an industry lobby group, is also pushing the B.C.
One-bed apartment in Vancouver? That’ll be $2,000 a month

One-bed apartment in Vancouver? That’ll be $2,000 a month

The median rental price of a one-bedroom Vancouver apartment has breached the $2,000-a-month milestone, according to rental website Padmapper in its monthly analysis of current listings.

Tough new mortgage rules could hurt overall economy

The January 1 changes to Canada’s mortgage industry will remove up to 50,000 homebuyers from the market and threaten the entire economy, mortgage brokers warn.