Vancouver Real Estate Headlines

A two-storey Port Moody home destroyed by arson nearly two years ago is now on the market for more than $1 million.

It's no secret that home prices are falling, but a report released Wednesday by a real estate website is shedding new light on exactly how different parts of the region are being affected. 2

The number of Vancouver homes declared vacant has dropped 15 per cent since the implementation of the Empty Homes Tax, according to numbers released by the city Wednesday.

One realtor says a lack of foreign buyers is why homeowners who bought a few years ago are now selling for huge losses. 1

It has been on the market for just two weeks and is getting interest from all over North America.

The Trudeau government wants to make home-buying more affordable for millennials, Finance Minister Bill Morneau said Tuesday as he held pre-budget public events in the Toronto suburbs.

For years, it's been impossible to find a detached home in the Vancouver for less than $1 million, but it appears that's starting to change. 2

Federal NDP leader and candidate for the Burnaby-South riding Jagmeet Singh announced his government's three point plan to address housing affordability across Canada and took aim at the ruling Liberal party.

Details of the province's speculation tax are now public, and it appears homeowners living in affected areas will need to apply for exemptions each year. 2

Vancouver finished the year at the lowest seasonally adjusted level since the Great Recession, leaving buyers in control.

A complex of nearly 100 homes has been built in Vancouver to support local Indigenous people who are homeless.

A 125-year-old Chilliwack heritage house is being offered for free, but there's a catch. 1

The total number of homes sold in Metro Vancouver in 2018 fell to its lowest level since 2000 as detached home prices fell nearly eight per cent over the course of the year.

The latest numbers from BC Assessment show many detached homes in Metro Vancouver dropping in value as condos continue trending upward. 2

An unusual tactic by dozens of hosts on Airbnb appears to be another attempt to get around Vancouver’s short-term rental regulations. 1

That tax hike, which comes into effect next year, means the owner of a typical, $700,000-condo in the city will pay $41 more per year.

Central 1 Credit Union, which provides services to more than 300 credit unions across Canada, says in its housing forecast for 2018 to 2021 that B.C. experienced a “mild provincial housing recession” this year.

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.