Real estate

An aerial view of houses in Oshawa, Ont. is shown on Saturday, Nov. 11, 2017. New data from Statistics Canada shows multiple-property owners held between 30 and 40 per cent of the housing stock in Ontario, British Columbia, Nova Scotia and New Brunswick. THE CANADIAN PRESS/Lars Hagberg

Multiple-property holders own upwards of 41% of housing in some provinces: StatCan

Top 10 per cent of owners in those provinces earn more than the bottom 50 per cent combined

An aerial view of houses in Oshawa, Ont. is shown on Saturday, Nov. 11, 2017. New data from Statistics Canada shows multiple-property owners held between 30 and 40 per cent of the housing stock in Ontario, British Columbia, Nova Scotia and New Brunswick. THE CANADIAN PRESS/Lars Hagberg
The local real estate market took a small step back in March with higher inventory, lower sales and slightly lower average sale prices. (THE CANADIAN PRESS/Justin Tang)

March saw inventory rise and sales slow in Chilliwack real estate market

With more listings available, CADREB stats showed average values dropping ever-so-slightly

The local real estate market took a small step back in March with higher inventory, lower sales and slightly lower average sale prices. (THE CANADIAN PRESS/Justin Tang)
It took an average 12 days to sell a single-family detached home with the FVREB in March, 14 days for a townhome, and 11 days for an apartment. THE CANADIAN PRESS Jonathan Hayward
It took an average 12 days to sell a single-family detached home with the FVREB in March, 14 days for a townhome, and 11 days for an apartment. THE CANADIAN PRESS Jonathan Hayward
A Chilliwack home that was built in 1912 for an estimated $900 is now on the market for $1,249,000. (Clark Hitchcock photo)

Chilliwack heritage home comes with fascinating history

On the market now for $1,249,000, Proctor House was built in 1912 for an estimated $900

A Chilliwack home that was built in 1912 for an estimated $900 is now on the market for $1,249,000. (Clark Hitchcock photo)
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.The Real Estate Board of Greater Vancouver says home sales picked up between February and March but are still down from a year ago. THE CANADIAN PRESS Jonathan Hayward

Vancouver’s March home sales up 27% since February: B.C. real estate board

Rebound still behind the pace of sales in March one year ago

A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.The Real Estate Board of Greater Vancouver says home sales picked up between February and March but are still down from a year ago. THE CANADIAN PRESS Jonathan Hayward
The 62-acre island north of Fort St. James is selling for $319,000. (Submitted photo)

You could buy this ‘rare’ private island in B.C. for just over $300,000

An entire island in the Nation Lakes north of Fort St. James is up for grabs

The 62-acre island north of Fort St. James is selling for $319,000. (Submitted photo)
The Canadian Real Estate Association says February’s national home sales ticked up by 4.6 per cent from the month before as supply slowly returned to the market, but sales were still down by more than eight per cent since last year. A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy

Canada’s average home price hit record $816,720 last month as supply began to rebound

National average home price climbed by more than 20 per cent since last year: CREA

The Canadian Real Estate Association says February’s national home sales ticked up by 4.6 per cent from the month before as supply slowly returned to the market, but sales were still down by more than eight per cent since last year. A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy
A real estate sign (THE CANADIAN PRESS Jonathan Hayward)

More Chilliwack real estate records fall as CADREB releases February numbers

More properties hit the market last month, but average values continued to climb across the board

A real estate sign (THE CANADIAN PRESS Jonathan Hayward)
The British Columbia Real Estate Association wants the province to establish a process that balances offer transparency for buyers with privacy concerns. (file)

B.C. realtors criticize proposed cooling-off period for home buyers

Proposed legislation will let homebuyers back out of a deal for a property

The British Columbia Real Estate Association wants the province to establish a process that balances offer transparency for buyers with privacy concerns. (file)
The village is over a century old and is an important historical site and was at one point the gateway to the mountaneering community in the Canadian Rockies. (RE/MAX photo)

Saving Golden’s Swiss Village: Dr. Johann Roduit and Dr. Ilona Spaar reflect on iconic B.C. spot

The historic Edelweiss Village has been for sale for over a year, and preservation talks are moving

The village is over a century old and is an important historical site and was at one point the gateway to the mountaneering community in the Canadian Rockies. (RE/MAX photo)
A sign outside a home indicates that it has been rented, in Ottawa, on Monday, March 1, 2021. THE CANADIAN PRESS/Justin Tang

National rental price up 3% from last year, while vacancy rates hold steady: CMHC

The national vacancy rate sat at 3.1 per cent last year

A sign outside a home indicates that it has been rented, in Ottawa, on Monday, March 1, 2021. THE CANADIAN PRESS/Justin Tang
Real estate prices in Chilliwack hit an all time high in 2021 with an average selling price of $728,146. (Black Press file)

Red hot Chilliwack real estate sales in 2021 unlikely to continue for 2022

BCREA first quarter forecast predicts a 21% drop in sales this year

Real estate prices in Chilliwack hit an all time high in 2021 with an average selling price of $728,146. (Black Press file)
Low supply continues to fuel high real estate prices in the Chilliwack and District Real Estate Board area. (Submitted)

More supply in January’s real estate market, but Chilliwack prices keep rising

The latest CADREB report shows all-time high values for single-family homes and townhouses

Low supply continues to fuel high real estate prices in the Chilliwack and District Real Estate Board area. (Submitted)
It was the third highest sales for the month on record, but the sales numbers have cooled while new listings have shot up. THE CANADIAN PRESS Jonathan Hayward

New listings offer ‘glimmer of hope’ after long supply shortage, Fraser Valley Real Estate Board says

67% increase since December a relief after months of decreasing housing supply

It was the third highest sales for the month on record, but the sales numbers have cooled while new listings have shot up. THE CANADIAN PRESS Jonathan Hayward
(Black Press file photo)

B.C. housing sales slow amid ‘severely limited’ supply

The British Columbia Real Estate Association forecasts home prices will rise by 8.5% in 2022

(Black Press file photo)
A for sale is sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler

2021 home sales set Canadian new record, tops previous high by 20 per cent

CREA says about 667,000 residential properties changed hands in 2021

A for sale is sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler
New listings aren’t hanging around on the red-hot real estate market for long, helping to fuel record levels of low supply. (THE CANADIAN PRESS/Graeme Roy)

Real estate inventory in Hope and area reaches record-level low in December

Supply dipped below 1,000 in September 2020 and has continued sliding since

New listings aren’t hanging around on the red-hot real estate market for long, helping to fuel record levels of low supply. (THE CANADIAN PRESS/Graeme Roy)
Fewer for sale signs went up in December than ever before, but homes in Hope and other eastern Fraser Valley areas sold for more than $1M on average. (THE CANADIAN PRESS/Jonathan Hayward)

Average price of single-family home in Hope and area tops $1M

Though the volume of sales fell off in December, homes that did sell went for big bucks

Fewer for sale signs went up in December than ever before, but homes in Hope and other eastern Fraser Valley areas sold for more than $1M on average. (THE CANADIAN PRESS/Jonathan Hayward)
The home on this Greendale property in Chilliwack was apparently built by a Chinese VIP gambler connected to the RCMP’s investigation of money laundering at B.C. casinos. BC Assessment lists 6500 Chadsey Rd. as the most valuable property in Chilliwack in 2022 at $4.31 million. (Google Earth)

House on Chilliwack’s most valuable property list was built by Chinese VIP gambler

French-style mansion built by Rongxiang “Tiger” Yuan, a man reportedly tied to the Chinese military

The home on this Greendale property in Chilliwack was apparently built by a Chinese VIP gambler connected to the RCMP’s investigation of money laundering at B.C. casinos. BC Assessment lists 6500 Chadsey Rd. as the most valuable property in Chilliwack in 2022 at $4.31 million. (Google Earth)
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.  THE CANADIAN PRESS Jonathan Hayward

Real estate board says Metro Vancouver home sales hit record in 2021

Sales in 2021 rose 42.2 per cent over previous year and smashed a sales volume record set in 2015

A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.  THE CANADIAN PRESS Jonathan Hayward