MORE REAL ESTATE NEWS

• Higher interest rates push homes sales in B.C. back toward normal, association says

  The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away.

  

• Public apology issued by B.C. township ordered to pay $350,000 for selling man's property

  A small township in B.C.'s North Okanagan issued a public apology Wednesday after being ordered to pay hundreds of thousands of dollars for selling a man's property without his knowledge.

  

• Which Vancouver neighbourhoods have the cheapest rents?

  There are still 10 neighborhoods in Vancouver where the average one-bedroom apartment is less than $2,000 a month – a relative bargain as rates continue to climb, according to a recent report.

• Vancouver home sales down in April, real estate board says

  The Real Estate Board of Greater Vancouver says home sales in the region fell in April and returned to more historically typical levels for the month.

• Vancouver mansion listed for $40M in 2020 now for sale for $6M less

  A mansion described as a "contemporary masterpiece" is for sale in Vancouver, and while the price is significant, it's actually lower than the sellers asked for last time around.

• Owners of empty homes will pay more in Vancouver

  It will soon cost more to be the owner of an empty residential property in Vancouver, as a motion for another tax hike is approved.

• 'Grand Estate' with bowling alley, 15-person hot tub listed in West Vancouver for $23M

  If you're in the market for a mansion and can afford nearly $80,000 in annual property taxes, realtors in West Vancouver may have the home for you.

• Tenants push for collective bargaining rights as rents skyrocket, investors scoop up buildings

  Faced with skyrocketing rents and a growing number of investor landlords, tenant advocates are pushing the B.C. government for collective bargaining rights that would give them more power to negotiate with building owners.

• B.C. property owners face $52K in real estate fees even though sale never happened

  A Metro Vancouver couple is left facing tens of thousands of dollars in real estate commission fees, even though the sale of their properties never actually went through.

• World's tallest 'passive house' building will be built in downtown Vancouver

  A massive residential tower planned for Vancouver's downtown core will be the world's tallest "passive house" building, a Canadian developer says.

• Rate of vacant storefronts is 'just atrocious' Vancouver mayor says of idea for new tax

  A step is being taken to determine whether B.C. municipalities can tax empty businesses – similarly to empty homes – after a vote from Vancouver city council.

• No keys, broken windows, trash left by tenant: 3 stories of buying as-is real estate in B.C.

  It's a sign of the competitive housing market that some British Columbia home buyers agree to buy a property "as is," and while that generally means accepting some flaws, it sometimes ends in a legal dispute.