Real Estate News

These are some random facts and stats cobbled together from the city’s housing report—including which Vancouver homeowners no longer pay a mortgage.

The St. Paul’s Hospital 6.6-acre site on Burrard Street is up for sale now that plans are moving forward for the replacement health care facility on False Creek Flats.

Falling home sales in Metro Vancouver are “largely policy induced” and policymakers are “using policy to delay housing demand and feeding disruptive cycles,” according to the new president of the Real Estate Board of Greater Vancouver (REBGV).

Two reports on money laundering in real estate and other high-end sectors were handed to the B.C. government today – but it could be a while before they are made public.

In 2018, Burnaby had the largest average deal value ($86.2 million), followed by Tsawwassen, West Vancouver, Langley and North Vancouver.

The four-tower Bentall Centre office complex in downtown Vancouver has been bought by a joint venture led by Blackstone Property Partners (BPP) and Hudson Pacific Properties in what is thought to be the biggest B.C. real estate deal so far in 2019, and perhaps for the year.

New York may soon be following in Vancouver’s footsteps after the record-breaking sale of a Manhattan penthouse has prompted renewed calls for a “pied-a-terre tax” on empty homes valued at above $5 million.

Prime Minister Justin Trudeau touted efforts by the Liberal government to help first-time homebuyers put more down on their mortgages during a visit to a region of the country today that is facing a housing squeeze.

Having failed to sell yet again, the vendor of the unique Sumas Substation "powerhouse" luxury home has turned to online real estate auction house Concierge Auctions to speed up the process.

The federal government’s new First-Time Home Buyer’s Incentive, an interest-free loan, limits total borrowing for the home purchase at $480,000.