Real estate

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

 

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

 

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

 

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)
The number of homes selling in Chilliwack dropped significantly in May, and average sale prices also dipped. (Sean Kilpatrick/The Canadian Press)

Chilliwack area home sales and prices drop in May

Numbers from the Chilliwack and District Real Estate Board show a downward trend

The number of homes selling in Chilliwack dropped significantly in May, and average sale prices also dipped. (Sean Kilpatrick/The Canadian Press)
The number of active listings have more than tripled since December, according to the FVREB. (File photo)

Fraser Valley property sales drop over 50% in last 2 months: FVREB

Sales-to-active-listings ratio at 22%, peaked at 92% during pandemic

The number of active listings have more than tripled since December, according to the FVREB. (File photo)
Residential real estate is slowing down, but the BC Real Estate Association still projects prices to rise in 2022. (The Canadian Press/Sean Kilpatrick)

Chilliwack real estate prices projected to rise even as market slows

The BC Real Estate Association suggests a drop in unit sales doesn’t mean a drop in values

Residential real estate is slowing down, but the BC Real Estate Association still projects prices to rise in 2022. (The Canadian Press/Sean Kilpatrick)
A real estate sign is pictured in Vancouver on June, 12, 2018. The regulator for British Columbia’s real estate sector has recommended that the province adopt a so-called “cooling-off” period of three business days to protect people buying a home, through legislation tabled this spring. THE CANADIAN PRESS Jonathan Hayward

B.C. financial regulator advises three-day ‘cooling-off’ period for homebuyers

B.C. Financial Services Authority: with exceptions, buyers should not be allowed to waive period

A real estate sign is pictured in Vancouver on June, 12, 2018. The regulator for British Columbia’s real estate sector has recommended that the province adopt a so-called “cooling-off” period of three business days to protect people buying a home, through legislation tabled this spring. THE CANADIAN PRESS Jonathan Hayward
A Saanich home listing is attracting a lot of attention on social media after being featured in a TikTok video. (Courtesy Realtor.ca)

B.C. home featured in ‘creepy’ real estate listings with TikTok video goes viral

Listed for almost $800,000, a sale is pending on the Gordon Head home

A Saanich home listing is attracting a lot of attention on social media after being featured in a TikTok video. (Courtesy Realtor.ca)
A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. A wave of buyer’s remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. THE CANADIAN PRESS/Graeme Roy

Worry, buyer’s remorse high as real estate market slowdown materializes

Country experienced a 25.7 per cent drop in the number of homes sold over the last year

A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. A wave of buyer’s remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. THE CANADIAN PRESS/Graeme Roy
Latimer Heights development could get a 45-storey tower at the corner of 82nd Avenue and 200th Street. (Matthew Claxton/Langley Advance Times)

Petition takes aim at planned Langley high rise

A planned 45-storey tower is the target of some opposition

Latimer Heights development could get a 45-storey tower at the corner of 82nd Avenue and 200th Street. (Matthew Claxton/Langley Advance Times)
Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. The Canadian Real Estate Association says the pace of home sales fell in April as mortgage rates moved higher. THE CANADIAN PRESS/Jeff McIntosh

CREA reports home sales down in April as mortgage rates rise

Number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021

Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. The Canadian Real Estate Association says the pace of home sales fell in April as mortgage rates moved higher. THE CANADIAN PRESS/Jeff McIntosh