Prices for condos are on a tear across the Lower Mainland but there are signs of an emerging peak at the top end of the market. The $1 million figure has earned a place
Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517
VICTORIA — Greater Vancouver’s real-estate prices continue to climb out of reach of most ordinary families, but the province’s new measures to tackle housing affordability may have an impact on the market, according to a
Some homeowners in the City of Vancouver will end up paying two taxes aimed at discouraging the use of homes as investments rather than places to live. It’s not clear yet how many will
A survey of 535 real estate professionals suggests that moves by the B.C. government to crack down on housing speculators will lead to a broader decrease in consumer confidence. The survey, released by real
Metro Vancouver’s development sector is asking the B.C. government for an exemption to the new real estate speculation tax for bare land. Anne McMullin, CEO of the Urban Development Institute, said an unintended consequence
VICTORIA — B.C.’s finance minister considered taxing the capital gains of real estate speculators but decided it would do little to improve the tight rental market in the province’s biggest urban centres like Vancouver.
VICTORIA — B.C. Finance Minister Carole James will exempt the Gulf Islands and cottages in rural areas from the government’s new speculation tax, part of a suite of reforms she unveiled Monday to respond to
On Monday, the provincial government announced it is making some changes to the speculation tax, which was first announced last month as part of the budget. On Monday, the provincial government announced it is making
VICTORIA — Finance Minister Carole James appears to be rethinking parts of her new speculation tax and now says she’s working to address specific problems before the full rules are made public in the spring.