Real estate

Prime Minister Justin Trudeau tours a rental housing development in Vancouver, Monday, Feb. 11, 2019. The federal government is hoping to help more Canadians become homeowners through a new rent-to-own initiative, but experts are warning it may not be the best pathway for everyone. THE CANADIAN PRESS/Jonathan Hayward

Rent-to-own can help create homeowners, but experts say may not be best for everyone

Liberals plan a $200-million investment in a five-year rent-to-own program

 

For sale signs are staying up longer in Chilliwack as the local market goes ice cold. (Jonathan Hayward, The Canadian Press)

BCREA predicts Chilliwack will see B.C.’s biggest home value decline

The third quarter forecast from the B.C. Real Estate Association suggests a five per cent drop

 

David and Amanda Horvath look over the looming cliff of a landslide behind their home at 5412 McConnell Crescent in Terrace, B.C. (Michael Bramadat-Willcock/Terrace Standard)

Couple’s ‘dream home’ at risk of sliding into northwest B.C. river

Families look on helplessly as property erodes into river behind them

 

A total of 1,017 sales were made last month, a slight increase of 2.4 per compared to July, and a decrease of 51.3 per cent from August, 2021. THE CANADIAN PRESS/Sean Kilpatrick
A total of 1,017 sales were made last month, a slight increase of 2.4 per compared to July, and a decrease of 51.3 per cent from August, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Benchmark prices from January 2013 to January 2022 in the Chilliwack and District Real Estate Board area. (CADREB)

Chilliwack and area real estate sales numbers continue to cool

Average sale prices not dropping nearly as fast as sales numbers

Benchmark prices from January 2013 to January 2022 in the Chilliwack and District Real Estate Board area. (CADREB)
(Black Press Media Creative)

Canada’s real estate market is cooling. Here’s what to expect this fall

Realtors, economists at odds over how long pricing slide will last and how low it will go

(Black Press Media Creative)
The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July but this month’s drop was the smallest of the five. A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home sales fall for fifth month in a row, down 29% from last July: CREA

New listings in July totalled 73,436, down six per cent from last July

The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July but this month’s drop was the smallest of the five. A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Brown areas are within a five-minute walk of one of the planned local SkyTrain stations. Areas in tan are within a 10-minute walk. (Langley City OCP)

Most land on Langley City SkyTrain route already bought by developers: realtor

Langley City land assemblages are ready to be redeveloped over the next few years

Brown areas are within a five-minute walk of one of the planned local SkyTrain stations. Areas in tan are within a 10-minute walk. (Langley City OCP)
Chads Island sits off the northwest shore of Princess Margaret Marine Park (Portland Island). (Photo courtesy of Unique Properties)

You can own your own private B.C. island for $2.9M

Chads Island has swimmable beaches and a protected dock

Chads Island sits off the northwest shore of Princess Margaret Marine Park (Portland Island). (Photo courtesy of Unique Properties)
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.  THE CANADIAN PRESS Jonathan Hayward

Chilliwack real estate market experiences slowest July in 20 years

The impact of rising interest rates is kicking in, resulting in extremely sluggish sales

A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.  THE CANADIAN PRESS Jonathan Hayward
Weaker demand has forced prices down for detached homes, falling an average of 3.5 per cent from last month, and 10.2 per cent from their peak price in March. (File photo)

Fraser Valley real estate sales sink for 4th month straight

Total sales in March were 2,580; sales in July were 993

Weaker demand has forced prices down for detached homes, falling an average of 3.5 per cent from last month, and 10.2 per cent from their peak price in March. (File photo)
Policies recommended include investments in public housing, mandatory inclusionary zoning and tying rent increases to units rather than individual tenancies. THE CANADIAN PRESS/Darryl Dyck

British Columbians support progressive housing policies to combat affordability crisis: poll

The soaring cost of housing is the single biggest component of the affordability crisis in B.C.

Policies recommended include investments in public housing, mandatory inclusionary zoning and tying rent increases to units rather than individual tenancies. THE CANADIAN PRESS/Darryl Dyck
5462 Stonebridge Dr, Whistler is listed at $39 million. (Photo: MLS listing Maggi Thornhill/Engel & Volkers Whistler).

Whistler $39M home tops list of most expensive houses for sale in Canada

Houses in Vancouver and Surrey on list of top 10 pricey homes on the market in big cities

5462 Stonebridge Dr, Whistler is listed at $39 million. (Photo: MLS listing Maggi Thornhill/Engel & Volkers Whistler).
A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy

June home sales down 24% from last year, 6% since May: CREA

Drops attributed to pressures tied to Bank of Canada’s continued hikes to its key interest rate.

A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy
A render of a planned building by developer Stober Group, that focuses on adding a deep sense of community for its residents (Photo from Stober Group)
A render of a planned building by developer Stober Group, that focuses on adding a deep sense of community for its residents (Photo from Stober Group)
There are more ‘for sale’ signs in Chilliwack and area these days, and less ‘sold’ labels attached to them. (Jonathan Hayward/ The Canadian Press)

Chilliwack real estate sales volume dropping like a rock

Rising interest rates are a major factor, slowing down the once red-hot market

There are more ‘for sale’ signs in Chilliwack and area these days, and less ‘sold’ labels attached to them. (Jonathan Hayward/ The Canadian Press)
Sales last month totalled 1,281, dropping 5.8 per cent from May, adding to a 54 per cent downturn over the previous two months. June sales are down 43 per cent from last year. (File photo)

Property sales down 60% since March: Fraser Valley Real Estate Board

Property values still up over 20 per cent across all types from June, 2021

Sales last month totalled 1,281, dropping 5.8 per cent from May, adding to a 54 per cent downturn over the previous two months. June sales are down 43 per cent from last year. (File photo)
Median price change of all property types by municipality (HouseSigma)

Metro Vancouver median home prices down 13.5% since February, report finds

Home prices in Metro Vancouver continue to fall as interest rates rise

Median price change of all property types by municipality (HouseSigma)
Commissioner Austin Cullen listens to a question while meeting with reporters after releasing his report from his Inquiry into Money Laundering in British Columbia in Vancouver, B.C., Wednesday, June 15, 2022. THE CANADIAN PRESS/Rich Lam

B.C. money laundering report calls for new law enforcement unit, provincial office

Commissioner estimates billions laundered in B.C. every year

Commissioner Austin Cullen listens to a question while meeting with reporters after releasing his report from his Inquiry into Money Laundering in British Columbia in Vancouver, B.C., Wednesday, June 15, 2022. THE CANADIAN PRESS/Rich Lam
This waterfront Oak Bay estate sold for $13,195,000. (Courtesy Sotheby’s International Realty Canada)

$13M Oak Bay waterfront estate sets new listing service record

Priciest sale in Greater Victoria hit $22M in 2021

This waterfront Oak Bay estate sold for $13,195,000. (Courtesy Sotheby’s International Realty Canada)
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