Real Estate News

Sales of Vancouver homes over $4 million plummeted in 2018 by 49 per cent year over, according to a report by Sotheby’s International Realty Canada, released January 9.

This ultra-luxe West Vancouver pad, which has an awesome 16-metre indoor pool that looks out over epic ocean and city views, is the region’s priciest new MLS listing of the past week.

Joannah Connolly, editorial director of Glacier Media Real Estate, recently published a 2019 market forecast summary to see where expert opinions differ and whether there was any consensus.

As many as 20 per cent of all residential property owners in the province should be appealing their property assessments, says the man who has literally written the book on the assessment appeals process.

A combination of unsustainably high home prices, rising interest rates, increased taxes and the mortgage stress test are being held responsible for slow residential real estate market activity in Metro Vancouver.

The Vancouver housing market appears to have cooled off ever so slightly, as the B.C. Assessment report issued Jan. 2 notes an average four per cent drop in the value of single-family homes across the city.

Wondering how your home value (or purchasing budget) measures up against neighbouring areas – or how much it has changed over the past year?

B.C.’s Premier John Horgan and housing minister Selina Robinson are receiving opposing recommendations on whether to ban rental restrictions on strata units, or continue to allow strata corporations to limit rentals.

The two towers, named after interior designers, will be constructed on the 41st Ave portion of the Oakridge property. Prices for units vary based on size, floor level, views, amenities and available upgrades.

Even though British Columbia is expected to lead the country’s year-over-year decline in home sales in 2019, the provincial average resale price is forecast to rise slightly.