MORE REAL ESTATE NEWS

• Owners of Vancouver's most expensive homes pay very little tax, UBC study finds

  A new study from the University of British Columbia has found owners of the most expensive properties in Vancouver are paying very little income tax.

  

• Vancouver renters face increasingly tough market, CMHC report finds

  Vancouver renters continued to pay the highest prices in Canada as vacancy rates in the area dipped below one per cent last year, according to new federal data.

  

• $10M Fraser Valley mansion comes with working winery

  A mansion listed for just shy of $10 million in B.C.'s Fraser Valley comes with a small vineyard, a working boutique winery, horse stables, and a riding ring.

• 100-unit rental building proposed for vacant lot 2 blocks from Granville Island

  A developer has applied for permission to build a 100-unit apartment building on a vacant, triangular lot near Granville Island in Vancouver.

• B.C. pledges $500M to help preserve rental buildings, combat 'speculators and profiteers'

  The B.C. government has pledged $500 million to help non-profit housing organizations purchase affordable rental properties before they can be scooped up by "speculators and profiteers."

• B.C. homebuyers now have 3-day cooling off period to change their minds

  Most homebuyers in British Columbia now have three business days to think about their purchase, allowing them to back out if they can’t secure financing or arrange a home inspection – or even if they just get cold feet.

• Only 'modest' drop in Vancouver home prices forecast for 2023: Royal LePage

  Housing prices in the Vancouver area might only experience a "modest" decrease over the next 12 months, according to a new forecast from Royal LePage.

• B.C. court orders woman to forfeit $150K deposit after she backed out of home purchase due to foreign buyers tax

  The would-be buyer of a nearly $3 million home on Vancouver's west side, who backed out of the purchase after learning B.C.'s foreign buyers tax would apply to her, has been ordered to forfeit her deposit.

• Cooling trend continues in B.C.'s residential real estate market

  High interest rates are continuing to have a cooling effect on B.C.'s residential real estate market, as sales slump, active listings plateau and average prices dip.

• Slump in B.C. real estate sales, prices predicted to continue into 2023

  A new forecast from the BC Real Estate Association is predicting that home sales and prices in the province will continue their decline this year and into 2023.

• 439 rental units, 2 towers proposed near Oakridge mall

  A developer is proposing 439 rental homes in two towers with a six-storey podium between them in Vancouver's rapidly changing Oakridge neighbourhood.

• Would-be buyers, sellers of Vancouver luxury real estate sitting on sidelines: report

  Rising interest rates, inflationary pressure and widespread economic uncertainty are cooling the luxury real estate market in Vancouver, according to a new report.