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A professor forecasts about a quarter of detached homes could be demolished in just over a decade.
Prospective buyers can see who they are bidding against – and for what amount – in real time.
The effects of B.C.'s foreign homebuyer tax on detached home prices vary by region of Metro Vancouver, recently released data suggests.
The BCREA says the average home price in January was down 17.5 per cent to $621,093.
Nearly 10,000 homeowners opted to delay making their tax payment last year, a huge increase over 2015.
The program to help first-time buyers appears to be having a big impact on entry-level condos.
Just over 1,500 residential properties sold last month, down 39.5 per cent from in January 2016.
Premier Christy Clark's surprise announcement that B.C. will lift the foreign buyer tax under certain circumstances has some wondering whether they're in line for a hefty refund.
Only Hong Kong and Sydney, Australia, were found to be less affordable, according to the Demographia study.
While CMHC reports strong evidence of problematic conditions in the Vancouver housing market, research from BMO Nesbitt Burns indicates shows prices are trending lower.
The median monthly rate for a two-bedroom was also up 4 per cent to $3,150, listings suggest.
Landlord BC has created an online registry that allows tenants to screen their potential landlords.
Canada's federal housing agency is hiking the cost of mortgage loan insurance for homebuyers starting March 17, as part of new regulatory requirements requiring it to hold more capital to offset risks in the country's red-hot real estate market.
Rich Coleman says nearly 30 applications were submitted for a provincial loan program within hours.
Even with the correction, the real estate giant expects local home prices would be $1,126,000.
Recent data found that Vancouver renters are shell out about $1,800 per month for a one-bedroom apartment.
The $400,000 jump will ensure 90 per cent of B.C. homes are eligible to receive a basic grant of $570.
The benchmark price for Metro Vancouver properties fell to $897,600 in Dec., down 17% from Dec. 2015.
The data puts Vancouver as the third most expensive city to rent a one-bedroom, behind Yellowknife and Burlington, Ont.
A retired trader predicts that the value of some Vancouver homes will dip as much as 80 per cent.
Some single-family homeowners saw the assessed value of their home shoot up by 30 to 50 per cent.
Some residents of the Ross House were told their rent would increase from about $450 per month to $660.
The loan program is drawing harsh criticism from economists, who warn it could inflate prices even further.
Stories about real estate buyers from outside Canada dominated headlines in 2016, particularly in Vancouver.
Andy Yan says Langley residents will spend $298K more than Vancouverites on transportation over 25 years.
Homeowners are worried they'll see a major spike in property taxes if the new assessments push them over the threshold of eligibility for a provincial grant.
The B.C. government has announced a new program to help first-time homebuyers get into the market.
The home on Marpole Avenue was shifted just 14 metres in a move that took months of planning.
A realtor says Surrey appears to be the "hardest hit," but sale prices are also dipping in Langley.
Detached houses are selling for hundreds of thousands of dollars less than owners are asking.
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