Vancouver Real Estate Headlines

British Columbia's Rental Housing Task Force is encouraging the provincial government to take steps to prevent renovictions and improve the long-term rental housing supply.

While the market is softening, it's not over-correcting, just returning to a more normal state after a wild few years, experts say.

Home prices in Vancouver are forecast to increase by just 0.6 per cent, according to the annual outlook by Royal LePage.

There’s new hope for first time homebuyers in Metro Vancouver. A new condo development in Port Moody is offering units for sale under a rent-to-own program. Move in, pay rent and in two years all your rent goes toward the down payment, buying you more time to save. 1

Both sales and prices for Metro Vancouver homes have dropped in what the head of the Real Estate Board of Greater Vancouver says is a return to historical demand levels.

A group representing landlords in Vancouver is warning that a newly approved motion intended to protect tenants from renoviction could do more harm than good. 3

Vancouver City Council unanimously approved key parts of a motion Tuesday aimed at protecting tenants who are forced out of their homes by landlords looking to turn a quick profit. 3

The City of Vancouver says it has collected $21 million in the first full year of its empty homes tax and another $17 million could still flow into its coffers.

Newly released data from Canada Mortgage and Housing Corporation is once again painting a bleak picture for renters in Metro Vancouver. 2

A controversial new tax from the province is among the reasons the City of Vancouver is thinking about upping residents' property tax by nearly 5 per cent.

A group called Step Up Now crunched the numbers for residents of Point Grey who will be impacted by a controversial new school tax, then put forms in the mail. 1

While expensive homes have shown a decline in price, experts say the numbers haven't translated to mid-level units.

A Canadian tech company, whose founder claims it’s the most transparent way to sell and buy real estate, is attempting to change how home sales are conducted. 1

The city says $8 million raised by the tax in 2017 has already been earmarked by council for specific affordable housing initiatives.

If approved, the amendment would limit houses on designated agricultural land to 5,400 square feet. 1

Home supply is reaching levels not seen in roughly four years, even as the average price inches up.

House prices are getting more in line with housing market fundamentals such as income, but there still remains a "high degree of overall vulnerability."

The cost of housing is likely about to get worse, and there's new evidence British Columbians are getting more anxious about their finances. 6

The finance minister and Green leader announced three changes just 48 hours after the bill was tabled.

A whopping 67 per cent chose housing as their greatest concern, and 90 per cent said they think housing affordability has gotten worse in the last four years. 2

A modular building of 53 self-contained units on Royal Crescent will open its doors in the coming weeks. 1

The report, titled "No Vacancy," found that the once Vancouver-specific problem of high prices and low vacancy rates has reached as far as Surrey. 2

The lack of affordable housing will likely be front of mind for may Vancouverites as they head to the polls on Oct. 20.

The new twist: using the addresses of Vancouver hotels, which don’t need a short-term rental licence, to claim exemptions from the rules. 1

Statistics from the board show 1,595 homes changed hands in Metro Vancouver last month, a 43.5 per cent drop.

The proposal comes as sky-rocketing prices drive young professionals out of West Vancouver, where seniors are now a growing part of the population. 1

The entire country's affordability is being dragged down by the Vancouver, Toronto and Victoria markets.

A report by former RCMP deputy commissioner Peter German is due in March 2019. 2

Berkeley Tower is 60 years old and needs major structural, electrical and plumbing work. 2

B.C. is tying rent increases to inflation alone, a change from the current formula of inflation plus two per cent. 2

There is not a single market in Metro Vancouver in which a median income is enough to afford a detached house, according to data compiled by a home search website. 1

A Twsawwassen couple says they always paid their rent on time, but when their landlord owed them money, they say they weren’t given the same consideration. 1

The industry is speaking out against a vile letter that was recently delivered to a Coquitlam realtor. 3

Councillors voted 7-4 i nfavour of the plan, which will permit duplexes on 67,000 single-family lots. 3

The Greater Vancouver Area saw a 36.7 per cent year-over-year non-seasonally-adjusted decrease in sales activity, while Fraser Valley and Victoria saw 39.5 per cent and 17.6 per cent drops respectively, according to CREA.

B.C.'s premier campaigned on making life more affordable for renters with incentives including a $400 rebate, but more than a year later, he says there's a major roadblock to handing it out. 1

A lifelong Vancouver resident is now a homeowner after a very lucky day at the fair. 3

The City of Vancouver says its landmark agreement with Airbnb is cracking down on thousands of rogue short term rental listings – but CTV News found several listings exploiting weaknesses in the system. 1

A quarter of employed residents couldn't come up with $2,000 in a month for an emergency.

The benchmark price for all types of properties is down 1.9 per cent from May 2018. 1