Real Estate News

This Vancouver house might not look like much on the outside, but it’s a Mid-Century Modern home of architectural note, designed by Kenneth McKinley in 1955 and featured in home magazines in the late 1950s. It’s also part of an elite portfolio of global properties that will go to the highest bidder at an auction in Hong Kong on December 19.

October may have shown a slight uptick in Metro Vancouver home sales since September's dismal activity, but the latest statistics from the Real Estate Board of Greater Vancouver show that transactions dropped again November.

Maybe you’ve already noticed it, or maybe you’ve already used it. There’s a large new park on the shore of False Creek, and it might be a world record holder.

Developer Wesgroup has revealed plans for a 49-storey tower at 1450 West Georgia Street in Vancouver’s chi-chi Coal Harbour neighbourhood to replace the aging Georgian Towers.

More than 12,000 new rental units under development would be at risk of cancellation if the oft-mooted “vacancy control” mechanism were to be implemented, according to a new Urban Development Institute (UDI) survey released November 21.

The proposed building along with Vancouver House are meant to create a “Granville Gateway” leading in and out of downtown Vancouver.

Housing Minister Selina Robinson, who is also responsible for municipal affairs and Translink, spoke to delegates Wednesday at the Union of B.C. Municipalities conference at the Vancouver Convention Centre.

Buying a typical Metro Vancouver home at the current benchmark price requires an annual income of at least $100,000, rising to $163,193 in Vancouver proper.

Luxury condo developers and others aiming at the high-end consumer market have a new target on their radar: "Henry" – an acronym for young adults who are “high earners, not rich yet,” according to real estate giant Engel & Völkers.

The City of Vancouver says it has collected $18 million from the first year of its empty homes tax and another $12 million could still flow into its coffers.