Real Estate News

Greater Vancouver housing prices saw a “marked retreat” in January, in part responsible for pulling down national numbers.

Funding a home purchase can be a monumental challenge in pricey Canadian cities such as Metro Vancouver – and for some, it means making significant financial and lifestyle sacrifices.

Nearly one in 10 residential properties in B.C. are owned by “non-individual entities,” according to the Canada Mortgage and Housing Corporation (CMHC).

Professional renovators Sebastian Sevallo and Mickey Fabbiano are the best-friend duo who host the show, which takes the worst house on the block and guides its new owners through a radical renovation process.

Henriquez Partners Architects has filed a development application for three more buildings planned for the sprawling Oakridge Centre redevelopment.

Despite the market slowdown, Metro Vancouver’s housing market is still showing a “high degree of vulnerability” to key risk factors, according to the latest quarterly report released February 7 by Canada Mortgage and Housing Corporation (CMHC).

These infographics show how much in dollar terms each Metro Vancouver area’s typical home price has dropped over the past year.

The City of Vancouver is reporting that the number of Vancouver properties declared vacant in 2018 under the Empty Homes Tax fell by 15 per cent from 2017 and 53 per cent of those properties are back on the rental market.

Metro Vancouver’s home sellers took the opportunity of the New Year to list their properties, with new listings in the region up 244.6 per cent month over month, and nearly 28 per cent higher than the same month last year.

A new 2018 year-in-review infographic by property website REW has found a different Vancouver neighbourhood had the most clicks last year – Kitsilano.