Vancouver Real Estate Headlines

Vancouver has fewer vacant properties and the mayor is crediting the city's empty homes tax.

Condo real estate deals are falling apart and owners are at risk of losing their financing because some condo buildings can’t get insurance. The Condominium Home Owners Association says this could signal a collapse in B.C.'s condo market unless the provincial government intervenes. 1

But Reliance Properties says its offer is generous, and goes above and beyond what the City of Vancouver requires.

Like many basketball fans, Anoop Majithia was shocked and saddened by the sudden death of NBA legend Kobe Bryant in a helicopter crash last weekend. Unlike many basketball fans, Majithia had a highly visible way to express his mourning publicly.

Some condo residents in Port Coquitlam have been living with no power and no heat for the past couple of days since a torrential rain storm resulted in the building's underground parkade filling up with water. 1

Possible changes to one of B.C.'s farmland laws could result in secondary dwellings being permitted more easily.

Dozens of new affordable rental units are now available for seniors with the opening of a housing redevelopment in Vancouver. 1

For the second year in a row, Vancouver has ranked as the second-most unaffordable housing market in the world. 1

A Salmon Arm man made false statements about his mortgage investment company, which offered loans to real estate developers, the B.C. Securities Commission is alleging.

The number is up from 2015, when B.C. notaries said just 70 per cent of their first-time homebuyer clients needed help.

Developers started building fewer homes than expected in December, mostly because of a decline in multi-unit projects, Canada's housing agency said Thursday.

It is not yet known who the ticket holder is, or what they plan to spend their newfound fortune on, but CTVNewsVancouver.ca looked into some options.

While real estate sales are starting to tick back up and prices were lower last month compared to the year before, more than three quarters of B.C. residents are in favour of various housing taxes meant to address speculation, a new poll has found.

Craigslist rental listings show rents for apartments in Vancouver House are on the high side – but something of a bargain when compared with another high-profile luxury tower.

Homeowners have started receiving notices of their property's assessed value from BC Assessment, and while the number is down for nearly every property in the region, they'll likely be paying more in property taxes. 1

Grouse Mountain Resort is set to change hands for the second time in less than three years.

The threshold is being lowered for homeowners who qualify for a grant to help offset property taxes in British Columbia.

The Vancouver area's real estate board says the number of home sales last year was up from 2018, but remained below the region's 10-year average, despite a moderation in prices.

A B.C. judge has quashed a City of Vancouver decision to charge $249,313 in empty homes tax to a homeowner who claimed her $26.7 million property was exempt.

The Canadian Real Estate Association says November home sales rose 11.3 per cent compared with a year ago.

Public hearings continue Tuesday for a proposed development at Larch Street and 2nd Avenue in Kitsilano. 1

The Real Estate Board of Greater Vancouver says commercial sales remain below the pace of previous years.

It's the highest rate in Canada, and an illustration that property prices in Vancouver continue to bear little relation to local wages.

Once again, the B.C. government has tweaked the Speculation and Vacancy Tax after homeowners and advocates insisted it was unfairly targeting family cabins. 1

Canadians are losing millions of dollars in rental scams. Often it can be prevented if you know the warning signs. Vacancy rates are low, rents are high and finding a place to live in Metro Vancouver is tough. However, it’s gotten even harder as another hurdle has been thrown into the mix. 1

Property tax assessments are down in B.C.’s lower mainland while other parts of the province are seeing values go up in many cases. 1

Developers get a tax break when they put community gardens on empty lots that are awaiting development. 1

The Laxton Lake Estate near Abbotsford includes a four-bedroom house, a three-car garage and a caretaker’s suite on 80 acres of land.

One of the groups that helped put together new protections for renters in Burnaby is worried the updated policy goes too far.

The Real Estate Board of Greater Vancouver says home sales returned to around historically typical levels in November after a quieter first half of the year.

Vancouver's controversial empty homes tax is going up by 25 per cent starting next year, and there will be more increases to come, following a decision by city council.

The City of Vancouver has released its draft financial plan for 2020 and the $1.6 billion budget proposes an increase in multiple fees for residents.

Housing sales in British Columbia are climbing faster than anticipated after a downturn, but a rebound won't be as inflamed as the sellers' market two years ago, says a report released Monday by Central 1 Credit Union.

The City of Vancouver's second annual report on the EHT also showed decreases in the number of vacant and exempted properties across the city.

The British Columbia government has announced changes to the building code that expand options for secondary suites in multi-family buildings.

Some people living in the Metrotown area are afraid four new rezoning projects will make it impossible for them to afford rent in their neighbourhood. 1

The Canadian Real Estate Association says the number of home sales was up 12.9 per cent nationally in October compared with the same month last year. 1

"There's no scenario where that tax makes up for the harmful impact of all the short-term rentals on housing availability and affordability in the province," said David Wachsmuth, a professor at McGill University.

The majority of Vancouver's short-term rentals are now licensed, but the city says not all of the operators are following the rules. 1

The eight-acre Lily Island, located off the southeastern tip of Gabriola Island, is for sale for about $1.4 million.