Canadian GDP edged up by 0.1 per cent in July, following a similar increase in June. Growth in goods-producing industries (+0.5 per cent) offset declines in service-producing industries (-0.1
Steven Axford's Blog Posts
What a lot of people don’t understand is that, depending on what is being asked, this question can lead to two significantly different answers. It is therefore better two split the question
Home prices may be dropping but the rise of interest rates certainly doesn't make it easier on home buyers to break into the market. Waiting for "The Bottom" simply isn't a tactic that should be
Getting a mortgage pre-qualification is the first step in the homebuying process. This comes before a mortgage pre-approval , and is not to be confused with it. Mortgage pre-qualification
There is no doubt that it’s important for strata corporations to be fiscally responsible. That being said, strata corporations whose main focus is keeping strata fees as low as
Colwood’s newest oceanside condominium community is nearing its public home release in the master-planned neighbourhood of Royal Bay, which follows several years of single-family and townhome
Vancouver, BC – September 13, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,645 residential unit sales were recorded by the Multiple Listing Service
August ended with 40 per cent fewer sales than the same month a year ago, and 6.3 per cent fewer than in July.Listen to this article00:03:10The capital region’s real estate market ended August
As was widely expected, the Bank of Canada raised its overnight policy rate by 0.75 basis points, bringing it to 3.25 per cent. In the statement accompanying the decision, the Bank noted that
Released to media today:Less pressure on buyers in August in the Victoria real estate marketA total of 478 properties sold in the Victoria Real Estate Board region this August, 42.5 per cent fewer
Smoking restrictions have been implemented in many different areas of our society, and strata corporations are no exception. More and more stratas are adopting smoking restriction bylaws
In BC in July, home sales continued to decline, while starts and new listings were largely steady. Sales fell once again in all areas of the province, with the lower mainland, Vancouver Island and
There are a few questions you should be asking when considering the alterations that have been made within a strata lot:Have previous owners asked for and received approval
Vancouver suburbs leading decline in home sale prices, report shows, as market soon poised for negative year-over-year price adjustmentCompared to last summer, prices are still up 3.6% in B.C.Photo
The market is cooling, but not as quickly as in other Canadian citiesEric James has a downpayment and nowhere to spend it. Through combined savings and a modest inheritance, he and his girlfriend
Canadian seasonally-adjusted retail sales increased 1.1 per cent in June, hitting $63.1 billion. Sales grew in 8 of 11 subsectors, but were led by higher sales at gasoline stations and motor
Canadian prices, as measured by the Consumer Price Index (CPI), rose 7.6 per cent on a year-over-year basis in July, down from 8.1 per cent last month. The deceleration was driven by declining
If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices;
The British Columbia Real Estate Association (BCREA) reports that a total of 5,572 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2022, a decrease
There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling
The latest news has been focused on rising interest rates, surging inflation, and economic uncertainty with suggestions that the Canadian economy could be tripped into recession.With all this
The BC Home Owner Protection Act requires that all newly built homes (including strata properties) or buildings that have been substantially reconstructed be covered by third-party
A total of 510 properties sold in the Victoria Real Estate Board region this July, 38.9 per cent fewer than the 835 properties sold in July 2021 and a 16.7 per cent decrease from June 2022. Sales of
The current strata insurance situation in BC has been difficult to say the least. Many strata corporations have seen premium increases from 20% to 50%, with some high value/high
Vancouver, BC – July 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 7,136 residential unit sales were recorded by the Multiple Listing Service®
From the Ministry of Finance announcement:A new homebuyer protection period will protect people in B.C. looking to buy a home from being pressured into high-risk sales.The period is the first
The Depreciation Report:A depreciation report provides important insights for buyers looking to buy into a strata corporation. It not only speaks about the current condition of the
The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.The move indicates the central bank will take a more
Royal Bank of Canada was the first of the big banks to announce it will hike its prime lending rate following the Bank of Canada’s larger-than-expected increase to its benchmark rate.RBC, TD
Most buildings that were built in the 90s or earlier came with more parking stalls and storage lockers than units. Today, we’re seeing many new strata developments that have &
The Bank of Canada hiked interest rates by a full percentage point, a surprise move that supercharges efforts to withdraw stimulus amid fears four-decade-high inflation is becoming entrenched
More listings and fewer salesCarla WilsonJul 5, 2022 2:55 AMJul 5, 2022 3:21 AMGreater Victoria real estate data for June 2022.Some real estate agents are seeing prices starting to drop, with more
A total of 612 properties sold in the Victoria Real Estate Board region this June, 35 per cent fewer than the 942 properties sold in June 2021 and a 19.6 per cent decrease from May 2022. Sales of
Over 80 craft breweries and cideries will be at Langford’s first ever beer festivalBy Mariah Burchell -Monday, June 27th, 2022FacebookTwitterReddItEmail(@vicbeersociety/Instagram
As was widely expected, earlier in June, the Bank of Canada hiked its overnight lending rate target 50 basis points to 1.5% while stating it is prepared to act “more forcefully;
The Canada Mortgage and Housing Corp. (CMHC) says 3.5 million more homes need to be built by 2030 to reach affordability. The agency released a report Thursday explaining the need for a
New data released by RBC Economics Thursday suggests it's essentially impossible for many Vancouver residents to carry the cost of a home without going into debt.According to analysis by RBC
So far, council has decided that enforcement will be sparked by complaints; that the owner must occupy the home and make it meet health and safety standards; and that the suites have no max or
Many people want to know what the secret is to getting the most out of their property, and appeal to the most buyers. This report will tell you about the things you can do to help get the most
Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. In April, national home sales
The average five-year fixed mortgage rate reached 4.49 per cent in June, the highest since 2009Rising mortgage rates are already having a cooling effect on the province’s real estate market,
The Bank of Canada indicated that persistent price pressures are making it more likely policymakers will need to raise borrowing costs to contractionary levels in order to keep inflation
June 1, 2022Pace of the Greater Victoria real estate market steady into springA total of 761 properties sold in the Victoria Real Estate Board region this May, 27.5 per cent fewer than the 1,049
Welcome Home!Select Duplex & Carriage HomesAvailable Now!Westhills is pleased to announce our newest limited selection of Duplex and Carriage Homes. These creative living solutions offer
😁 Sales in April were well below last year’s figures as just 824 properties changed hands, versus 1,116 in April 2021.Andrew Duffya day agoMonthly real estate statistics for Greater
A total of 824 properties sold in the Victoria Real Estate Board region this April, 26.2 per cent fewer than the 1,116 properties sold in April 2021 and a 1.1 per cent decrease from March 2022.
Steve Axford presents 2741 Heald Rd, Shawnigan Lake. Are you looking for a piece of history on the perfect setting in Shawnigan village. This multi generational home is the only building that
Canada Mortgage and Housing Corp. says it expects home sales and the pace of price growth for them will remain elevated this year, but ease from their highs of 2021.The national housing agency says
Canadian home sales posted their biggest decline since June as rising interest rates begin to cool the country’s red-hot real estate market.National home sales fell 5.4 per cent in March from
A total of 833 properties sold in the Victoria Real Estate Board region this March, 29 per cent fewer than the 1,173 properties sold in March 2021 but a 16 per cent increase from February 2022.
Market report for Victoria, BCUpdated: 03/29/22HOMES FOR SALE in last 30 days133 arrow_upward3980.7 %30 Day ChangeNew to Market91 homesarrow_upward3567.2 %Off the Market3,622;
A total of 718 properties sold in the Victoria Real Estate Board region this February, 16.8 per cent fewer than the 863 properties sold in February 2021 but a 51.5 per cent increase from January.
Only 2 units available in this release!Designed to fit the needs of a growing family, these homes are a great value for first-time buyers seeking the comfort of a new home. Ready for quick occupancy
A rapid pace of rental apartment, condominium, townhome and single-family-dwelling construction saw the City of Langford deliver more housing between 2016 and 2021 than the City of Victoria,,
Becoming a homeowner is a life-long dream for many Canadians. But, as with all new experiences, there’s uncertainty, and you may second-guess yourself once or twice. You’ll be
The dollar figure on your provincial property assessment notice is not necessarily your home’s market value. Here is a look at BC assessment value and market value and what contributes to
One of Langford’s latest condominium developments is taking things to the next level—quite literally.The Scene has popped up within the heart of Langford, bringing the title of the
What is the Home Buyers' Plan?With the federal government's Home Buyers' Plan, you can use up to $35,000 of your RRSP savings ($70,000 for a couple) to help finance your down payment on a home.To
A total of 474 properties sold in the Victoria Real Estate Board region this January, 26.6 per cent fewer than the 646 properties sold in January 2021 but an 8.2 per cent increase from December.
The 2021 Victoria real estate market year in reviewA total of 438 properties sold in the Victoria Real Estate Board region this December, 30.6 per cent fewer than the 631 properties sold in December
December 1, 2021 A total of 653 properties sold in the Victoria Real Estate Board region this November, 17.9 per cent fewer than the 795 properties sold in November 2020 and 12.3 per cent
October 1, 2021 A total of 761 properties sold in the Victoria Real Estate Board region this September, 23.1 per cent fewer than the 989 properties sold in September 2020 and 8.4 per cent
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell compared with June.The national housing agency says the annual pace of starts fell to 272
August 3, 2021 A total of 835 properties sold in the Victoria Real Estate Board region this July, 14.7 per cent fewer than the 979 properties sold in July 2020 and 11.4 per cent fewer than the
Three years after touring Victoria’s Customs House mixed-use condominium and retail offering during its interior de-construction, Citified is honoured to be the first media
Just because it’s a “Sellers Market” it doesn’t mean you are guaranteed success no matter what. Check out our video below!3 Things to Prioritize When Selling Your?
June 1, 2021 The Victoria market continued to show its strength through the month of May, with a near record setting pace for sales and ongoing record low inventory levels. A total of 1,049
The pandemic-driven surge in residential real estate demand has sent Canadian housing affordability spiraling to its worst level in more than three decades, according to a new report from RBC
OPINIONJun 25, 2021Want to help your cash-strapped children buy a house? Here's howAlexis Leondis, Bloomberg NewsVolume 0% The imbalance between supply and demand continues to prop up
You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important?
We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired
The city of Miami in the sunshine state of Florida is one of the most attractive residential markets in the world. Regarded as the financial capital of Latin America, Miami ranks as the third
Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage.The Office of the Superintendent of Financial(
June 1, 2021 The Victoria market continued to show its strength through the month of May, with a near record setting pace for sales and ongoing record low inventory levels. A total of 1,049
A total of 1,116 properties sold in the Victoria Real Estate Board region this April, 288.9 per cent more than the 287 properties sold in April 2020, but 4.9 per cent fewer than the previous month
There are plenty of home renovations you can take on this summer, many of which can increase the value of your property. If your renovation attempts this spring didn’t quite go as planned, or
It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google
There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is
4 Big Incentives for Homeowners to Sell Now1.4KSHARES1.1K12913159The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The
"Comparing last year’s April market to 2021 does not provide us any real insight into long term market trends,” said Victoria Real Estate Board President David Langlois. &ldquo
1. Make Buyers Feel at HomeOne of the ways to make this happen is to take time to declutter. Pack away any personal items like pictures, awards, and sentimental belongings. The more neutral and tidy
Canada’s top banking watchdog is taking another shot at overhauling its stress test on residential mortgages in a move that would make it harder for some borrowers to qualify.The Office of the
Here’s the latest on what we know about the banking regulator’s new mortgage stress test proposal…12:10 p.m. ET UpdateOSFI has proposed a tougher minimum qualifying rate
If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the
Positive, honest, open communication is key to any successful relationship. It’s also paramount to maintaining that relationship over time - be it with a spouse, friend, or even a tenant.Yes,
April 1, 2021 A total of 1,173 properties sold in the Victoria Real Estate Board region this March, 92.9 per cent more than the 608 properties sold in March 2020 and 35.9 per cent more than
March 1, 2021 A total of 863 properties sold in the Victoria Real Estate Board region this February, 53.3 per cent more than the 563 properties sold in February 2020 and 33.6 per cent more
There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased
A total of 646 properties sold in the Victoria Real Estate Board region this January, 57.2 per cent more than the 411 properties sold in January 2020 and 2.4 per cent more than the previous month of
Real estate marketing is constantly evolving, but no one could have predicted the drastic changes that took place in the industry last year. The pandemic forced agents to adopt a slew of digital
Real estate marketing is constantly evolving, but no one could have predicted the drastic changes that took place in the industry last year. The pandemic forced agents to adopt a slew of digital
Real estate marketing is constantly evolving, but no one could have predicted the drastic changes that took place in the industry last year. The pandemic forced agents to adopt a slew of digital
2021 Real Estate Marketing TrendsVideo will become the medium of choiceAgents will become even more social media savvySelling points will shift2021 will be the year of the new
Real estate marketing is constantly evolving, but no one could have predicted the drastic changes that took place in the industry last year. The pandemic forced agents to adopt a slew of digital
A total of 631 properties sold in the Victoria Real Estate Board region this December, 57 per cent more than the 402 properties sold in December 2019 and a 20.6 per cent decrease from November 2020.
The annual pace of housing starts increased three per cent in October compared with September, Canada Mortgage and Housing Corp. said on Tuesday, although the increase was less than some economists
The First-Time Home Buyer Incentive helps people across Canada purchase their first home. The program offers 5 or 10% of the home’s purchase price to put toward a down payment. This addition
The First-Time Home Buyer Incentive helps people across Canada purchase their first home. The program offers 5 or 10% of the home’s purchase price to put toward a down payment. This addition
The annual pace of housing starts increased three per cent in October compared with September, Canada Mortgage and Housing Corp. said on Tuesday, although the increase was less than some economists
December 1, 2020 A total of 795 properties sold in the Victoria Real Estate Board region this November, 37.8 per cent more than the 577 properties sold in November 2019 but 19.7 per cent
October 1, 2020 A total of 989 properties sold in the Victoria Real Estate Board region this September, 60.6 per cent more than the 616 properties sold in September 2019 and 1 per cent more
When it comes to choosing new flooring for your home or apartment, the options can be overwhelming. Almost every type of flooring has some sort of advantage over other kinds, and taking in all the
A total of 989 properties sold in the Victoria Real Estate Board region this September, 60.6 per cent more than the 616 properties sold in September 2019 and 1 per cent more than the previous month
Canada’s late Spring real estate market continues, but some of the pent-up demand has caught up. Canadian Real Estate Association (CREA) data show a new all-time record for August
A total of 979 properties sold in the Victoria Real Estate Board region this August, 48.1 per cent more than the 661 properties sold in August 2019 and exactly the same total as the previous month
August 4, 2020 A total of 979 properties sold in the Victoria Real Estate Board region this July, 38.7 per cent more than the 706 properties sold in July 2019 and 21.2 per cent more than the
A total of 979 properties sold in the Victoria Real Estate Board region this July, 38.7 per cent more than the 706 properties sold in July 2019 and 21.2 per cent more than the previous month
VANCOUVER — A new forecast says the housing market in British Columbia remains uncertain during the COVID-19 pandemic.Central 1 says it expects home sales to recover marginally in 2020 and
A total of 808 properties sold in the Victoria Real Estate Board region this June, 9.2 per cent more than the 740 properties sold in June 2019 and 76.8 per cent more than the previous month of May
Owning a home remains the largest single investment for most Canadians. So it’s not surprising that fear over an economy turned upside down literally hits home for so many. The Canada
June 1, 2020 A total of 457 properties sold in the Victoria Real Estate Board region this May, 46.1 per cent fewer than the 848 properties sold in May 2019 but 59.2 per cent more than the
On Monday, the Canadian Real Estate Association (CREA) released its national housing statistics for the month of May—the second full month of the COVID-19 pandemic. While restrictions
TORONTO (Reuters) - Canadian home sales rebounded at a record rate in May, when lockdowns to help contain the coronavirus pandemic eased, after plunging in April, data from the Canadian Real Estate
The second phase of the province’s economic restart will look and feel a lot like the first for the real estate market according to the experts.While the province starts getting back to work
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron,
If mortgage demand is an indicator, buyers are coming back to the housing market far faster than anticipated, despite coronavirus shutdowns and job losses.Mortgage applications to purchase a home
Property managers, landlords and building owners are bracing for bad news today, as the COVID-19 pandemic’s effect on the economy is expected once again to disrupt the property rental market
Despite a global pandemic that has decimated economies around the world, Victoria’s real estate market continued to chug along in April, albeit at a much slower pace.Selling prices in some
A total of 287 properties sold in the Victoria Real Estate Board region this April, 58.8 per cent fewer than the 696 properties sold in April 2019 and 52.8 per cent fewer than the previous month of
B.C.’s housing market will take an initial a dive due to the coronavirus-driven recession, but it is expected to recover next year, says the industry’s association.Sales throughout B.C.
Municipal leaders are growing increasingly concerned that affordable-housing projects and other developments could be in jeopardy if local governments are unable to hold public hearings during the
A total of 608 properties sold in the Victoria Real Estate Board region this March, five per cent fewer than the 640 properties sold in March 2019 but eight per cent more than the previous month of
With more than a million Canadian homeowners trying to defer payments, many with little success, five mortgage brokers offer insight and advice Since the banks announced that homeowners
Bank of Canada cuts key interest rate to 0.25%Canada's central bank has also launched a quantitative easing program to bring liquidity to Canadian marketsHayley Woodin / Business in
March 2, 2020 A total of 563 properties sold in the Victoria Real Estate Board region this February, 33.7 per cent more than the 421 properties sold in February 2019 and 37 per cent more than
REAL ESTATE Economics3h agoMorneau unveils new insured mortgage stress test rateBNN BloombergThe Close Morneau unveils mortgage stress test changesBNN Bloomberg's Greg Bonnell looks at the new
Canadian builders began 2020 with a strong rebound in housing starts that is good news for the nation’s increasingly tight real estate markets.Work began on an annualized 213,224 units in
Canadian home sales up 11.5% compared with 2019: CREAThe Canadian PressA home for sale in the Point Grey neighborhood of Vancouver, on Friday, June 17, 2016. , Darryl Dyck/BloombergOTTAWA - The
A total of 411 properties sold in the Victoria Real Estate Board region this January, 24.9 per cent more than the 329 properties sold in January 2019 and 2.2 per cent more than in December.
With extreme weather events displacing residents and diverting immigrants, temperate cities such as ours could be in much hotter demand in the coming decadesJoannah Connolly / Glacier
Investors with their sights set on Vancouver’s recently resurgent market will need to factor a significantly heavier tax burden into their revenue calculations.On January 1, the City of
Starting next week, homeowners in B.C. will receive “declaration” packages and a prompt to claim an exemption from the speculation and vacancy tax.Homeowners in areas where the tax
January 2, 2020 A total of 402 properties sold in the Victoria Real Estate Board region this December, 7.2 per cent more than the 375 properties sold in December 2018 and a 30.3 per cent
Most of Greater Victoria’s 13 municipalities saw the typical assessed value of single-family homes either drop or stay the same as last year, according to information released Thursday by B.C.
December 2, 2019 A total of 577 properties sold in the Victoria Real Estate Board region this November, 15.9 per cent more than the 498 properties sold in November 2018 and a 6.8 per cent
The number of homes sold in Greater Victoria increased by more than 15 per cent in November compared to the same month a year ago.Last month’s 577 sales marked a 15.9 per cent increase
November 1, 2019 A total of 619 properties sold in the Victoria Real Estate Board region this October, 3.5 per cent more than the 598 properties sold in October 2018 and a 0.5 per cent
October 1, 2019 A total of 616 properties sold in the Victoria Real Estate Board region this September, 15.6 per cent more than the 533 properties sold in September 2018 but a 6.8 per cent
Majority of Canadians Say It’s Better to Own than RentSTEVE HUEBLAPRIL 8, 2019Share via:13SharesDespite stratospheric prices in the country’s largest housing markets, a majority of
CMHC looks to raise extra money for housing outside of billions from governmentSocial SharingFacebookTwitterRedditLinkedInThe Canadian Press · Posted: Apr 03, 2019 5:34 PM ET | Last
Impact of ban on realtor dual agency downplayedNo disciplinary action yet under new realtor rulesFrank O'Brien / Western InvestorAPRIL 3, 2019 12:28 PMPhoto Dan ToulgoetTen months
Trudeau weighs in on money laundering in B.C. housing marketBY TARAN PARMARPosted Mar 25, 2019 1:34 pm PDT Last Updated Mar 25, 2019 at 2:44 pm PDTTrudeau speaks to a couple in Maple Ridge
Online luxury real estate auctions aim to shake up salesAmy Smart, The Canadian PressA room in a house at 39623 Old Yale Road in Abbotsford, B.C. is shown in a handout photo. Courtesy of HO
Shared equity mortgage not much help for homebuyers in pricey Vancouver, says realtorSocial SharingFacebookTwitterRedditLinkedInRealtor says grant could benefit those looking to buy in suburbsMegan
Rate cut seen on horizon as Canadian bonds due in more than a decade yield less than cash1.67% is the market telling you the next interest rate move will be downLocal yields have fallen in recent
First-time homebuyers incentive likely won't help Vancouverites buy detached homesBY LASIA KRETZELPosted Mar 20, 2019 11:07 am PDT Last Updated Mar 20, 2019 at 2:22 pm PDTCondominiums in
Easing mortgage stress test better for first-time buyers: criticsKatie DeRosa / Times ColonistMARCH 20, 2019 09:39 PMFederal Finance Minister Bill Morneau.Photograph By SEAN
Majority of B.C. residents support speculation tax, survey findsMario Canseco / Glacier MediaMARCH 19, 2019 06:00 AMPhotograph By ISTOCKOver the past few weeks, British
Canadian Real Estate Prices Go Negative For The First Time Since 2009MARCH 18, 2019Canadian real estate markets are heading into the busy season with negative price growth. Canadian Real Estate
Time for B-20 mortgage stress tests to 'go away': Mattamy Homes founderShane McNeil, BNN Bloomberg Mattamy Homes CEO Peter Gilgan expanding beyond real estateNow Showing6:41Mattamy Homes
Real estate contributing less to the moderating Canadian economyby Ephraim Vecina17 Mar 2019SHAREReal estate and consumer spending are providing less support to the Canadian economy, according
83-unit rental redevelopment in Fairfield gets green lightBill Cleverley / Times ColonistMARCH 2, 2019 06:00 AMA rendering of the new apartment building that will replace Beacon Arms
Greater Victoria real estate sales slide, prices slip as stress test cools marketFebruary’s 421 sales below 10-year averageAndrew Duffy / Times ColonistMARCH 2, 2019 06:00 AM
Bank of Canada likely won't hike interest rates but next move could go either wayFILE PHOTO: Bank of Canada Governor Stephen Poloz listens to a question during a news conference in Ottawa, Ontario,
Victoria real estate market awaits a spring thaw A total of 421 properties sold in the Victoria Real Estate Board region this February, 22.8 per cent fewer than the 545 properties sold in
Five things the government could do to help Canada's stressed out home buyersAs policy wonks look to turn the issue in their side's favour in the federal election, here are a few things they could
B.C. real estate audits reveal widespread tax evasionTaxman recovered over $140 million in nine months last year from B.C. real estate audits; new speculation tax expected to curb tax
The Latest in Mortgage News – Is the Correction Almost Over?STEVE HUEBLFEBRUARY 22, 2019Share via:37SharesA number of news items in recent weeks have focused on the state of Canada’s
Bank of Canada head says interest rates low enough to stimulate economySocial SharingFacebookLinkedInEmailRedditStephen Poloz says upward path for interest rates is 'uncertain'The Canadian Press;
What B.C. cities can learn from Seattle’s successful housing outcomesSeattle’s changes to density zoning, development incentives and consultation processes have resulted in more supply
B.C. boosts borrowing, undaunted by housing slumpNatalie Obiko Pearson, Bloomberg News LNG revenues not yet baked into B.C.'s growth, finance minister saysBritish Columbia plans to boost
Homebuilders seek closer B.C. tiesCarla Wilson / Times ColonistFEBRUARY 19, 2019 07:58 PMB.C.’s housing market is moderating and moving in the right direction, says Finance Minister
Victoria highlights housing investments in advance of budgetBy Peter Mitham | February 19, 2019, 8:42amBudget intentionsThe provincial budget this week will set forth Victoria’s
Victoria eyes cash option for affordable housing projectsBill Cleverley / Times ColonistFEBRUARY 15, 2019 07:00 PMThe proposed policy would require all new condo projects to include
Interest rate hikes don't seem to be hurting Canadian households after allTelephone poll shows a clear majority continue to say higher borrowing costs are either having no impact, or a positive one,
City of Victoria asked to join call for money-laundering probeBill Cleverley , Katie DeRosa / Times ColonistFEBRUARY 14, 2019 06:00 AMIn a government-commissioned report titled Dirty
Non-individual ownership incidence highest in B.C. – reportby Ephraim Vecina14 Feb 2019SHAREAmid moderating housing costs, British Columbia was found to be the territory with the highest
Housing market 'free for all' may be biggest influence in byelectionSocial SharingFacebookTwitterRedditLinkedInRenters and developers say more incentives are needed for affordable housingCBC News
Federal Finance Minister keeping a close eye on housing affordabilityBill Morneau says getting people into affordable homeownership is top of mind, and that Liberal Party won't compromise stability
Finance Minister Bill Morneau has close eye on housing, money launderingAndrew Duffy / Times ColonistFEBRUARY 8, 2019 10:48 PMFederal Finance Minister Bill Morneau joins Shaw
Overbuilding, especially condo apartments, is still a problem in Calgary: CMHCBy Adam ToyDigital content coordinator 770 CHQR162 moreNew condominium units under
Victoria housing market 13th least affordable in the world, according to reportPosted By: CHEKon: February 06, 2019In: News, Top StoriesA Demographia International report says
Greater Victoria real estate continues cooling trendThe number of Greater Victoria real estate sales dropped in January as the market continued to cool.For every month in 2018, sales numbers fell
Victoria Real Estate Market's cool conditions continue A total of 329 properties sold in the Victoria Real Estate Board region this January, 23.7 per cent fewer than the 431 properties
Canada's housing crisis and mortgage stress test are officially election issuesDebate was sparked on Thursday by an NDP motion calling on the government to create 500,000 affordable housing
Victoria Real Estate Market responds as expected to the changing market conditions of 2018January 02, 2019 A total of 375 properties sold in the Victoria Real Estate Board region this December,
7°Black Press file photoVancouver Island housing markets world-class in their unaffordabilityVictoria, Nanaimo, Comox Valley among 20 least affordable in survey of Canada, US, UK and moreJOLENE
Housing affordability eroding; Saanich to boost building costsAndrew Duffy / Times ColonistJANUARY 29, 2019 06:00 AMExcavation continues at Abstract DevelopmentsÍ Fifteen88
Why we need more pubs: Interest rate levels are in the hands of entrepreneurial dreamersTen per cent of firms will account for about 70 per cent of investment by companies with fewer than 500
Financial Expert: Frozen interest Rates Good for Home Buyers Category: Local News Published: Friday, 25 January 2019 16:34 Written by Hayley HartEarlier this month it
Why the government should rethink the mortgage stress testHaider-Moranis Bulletin: Mortgage default rates are sensitive to job losses, not interest rate changes —stress tests might not be much
World's Least Affordable Cities: Rural B.C. Makes The List As Vancouver, Toronto RiseNew Yorkers would struggle to afford house prices in B.C.'s Comox Valley.By Daniel TencerBOOMER JERRITT VIA GETTY
B.C.'s affordability problems are impelling brain drainby Ephraim Vecina22 Jan 2019SHAREBritish Columbia’s best and brightest are packing up and leaving for more affordable housing
Canadians Using Real Estate For Personal Loans Accelerates For A 5th MonthJANUARY 22, 2019Canadians took a break from borrowing home equity, but are back in full force. Office of the
Canada’s economy may soon endure something it hasn’t faced in 68 years, according to BCAA recession without the U.S. in the same boatMore Canadians are going broke because of high
B.C.'s largest public-sector union wants inquiry into money laundering, drugs292292The Canadian Press Published Monday, January 21, 2019 1:16PM PST BURNABY, B.C. - The union representing
Rising interest rates a big worry to Canadians: surveyBY MIKE EPPELPOSTED JAN 21, 2019 7:18 AM EST LAST UPDATED JAN 21, 2019 AT 12:40 PM ESTBUSINESSNATIONALThe Bank of Canada is shown on
Vancouver now ranked ‘second-least affordable’ global housing marketSydney moves down to third place in Demographia rankings as Australian home prices drop; Hong Kong remains least
B.C. VIEWS: Fact-checking the NDP’s speculation tax on empty homesNegative-option billing is still legal for governmentsTOM FLETCHERJan. 20, 2019 9:00 a.m.COLUMNISTSOPINION
MENUBenchmark price for home rises to $840,300 in coreCarla Wilson / Times ColonistMARCH 2, 2018 06:00 AMGreater Victoria real estate prices chart.Photograph By :
Victoria to ask B.C. for authority to levy surtax on empty housesBill Cleverley / Times ColonistJANUARY 18, 2019 06:00 AMVictoria councillors have endorsed a motion introduced by.
Victoria stands tall as one of B.C.'s most valuable marketsby Ephraim Vecina16 Jan 2019SHAREThe latest edition of the Royal LePage House Price Survey reported that during the fourth quarter of
James on speculation tax: ‘I think a bit of politics is going on’ ahead of Nanaimo byelectionKatie DeRosa / Times ColonistJANUARY 17, 2019 06:00 AMFinance Minister Carole:
B.C. homeowners required to apply if they want exemption from speculation taxRob Shaw / Vancouver SunJANUARY 16, 2019 02:30 AMFinance Minister Carole James with Premier John Horgan
Decades of downtown Victoria's heritage preservation 'under threat' due to ongoing development, advocates sayFacebookTwitterRedditLinkedInCitizen group worries development could come at the cost of
Canadian home prices fall for third month in a row, even in Vancouver'The recent trend of home prices is clearly downward in most metropolitan markets'ReutersJanuary 14, 201910:12 AM ESTFiled
High housing costs pushing young professionals out of Vancouver Housing crisis hits health care system CTV News has learned 10 nurses have resigned at one Vancouver hospital due to housing
BCNREB releases 2018 year-end real estate results SCOTT BROOKSJANUARY 11, 2019 3:16 PMFORT ST. JOHN, B.C. – The B.C. Northern Real Estate Board has released its year-end real estate
How did Vancouver real estate holdings compare to other investments in 2018?Jan 10, 2019 ShareTweetShareSharePinCredit: rawpixel/UnsplashNew study compares three different
Victoria aggregate house price climbs 8.4 per cent in fourth quarter of 2018, Royal LePage surveyPosted By: CHEKon: January 11, 2019In: News, Top StoriesThe Royal LePage fourth
Thirty-one storey office tower proposed for downtown VancouverApplication filed for architecturally striking building to replace 15-storey tower in Coal Harbour financial districtNaoibh O&rsquo
Rising multi-family assessments could trigger higher rents across B.C.Landlord group says increased property taxes will force apartment building owners to raise rents or spend less on building
Bank of Canada maintains overnight rate target at 1 ¾ per centThe Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is
Victoria homeowners appealing ‘surreal’ property assessmentsAndrew Duffy / Times ColonistJANUARY 8, 2019 07:30 AM B.C. homeowners have until Jan. 31 to
The 5 most valuable properties in the Vancouver Island regionFaceboTwitterRedditLinkedInB.C. Assessment says Vancouver Island was a hot spot for increasing residential values last yearCBC News
Cost Of Renting In Toronto Expected To Go Up 11 Per Cent This Yearby Toronto StoreysPhoto by Zia Syed on UnsplashAs if it wasn’t already the most expensive rental market in the
Opinion: Land Value Capture idea gaining traction as housing affordability crisis continuesProposed tax would target landowners making a windfall when land values skyrocket due to rezoning or new
Capital Economics has just released an updated forecast, in anticipation of the first Bank of Canada policy meeting next week.TL;DR: In direct opposition to what other analysts are saying,
Elk Valley shelter gets a makeoverElk Valley Safe Homes seeks funding for 24-hour in-house staffing at newly renovated shelterKIMBERLEY VLASICJan. 5, 2019 9:30 a.m.LOCAL NEWSNEWS
Housing affordability to worsen in 2019 even as market cools, says RBCFacebookLinkedInEmailRedditIn Toronto, the cost of owning a home is 79% of median household income, in Vancouver, it's 88
Crash? Recovery? 4 Things That Will (And Won’t) Happen In Canada’s Housing Market In 2019Some homeowners will bust out, but the market as a whole probably won't.By Daniel TencerNURPHOTO
Housing and transportation top of mind in B.C. as new year dawnsBy Mario Canseco | December 31, 2018, 4:00am ShutterstockConversations related to public policy in British Columbia
2019 real estate market outlook: a forecast summaryWhat do housing pundits predict will happen to the B.C. housing market over the next year?Joannah Connolly / Glacier Media
Looking to rent a three-bedroom unit in Coquitlam? Good luckVacancy rate at 0 for three-bedroom units and bachelor suitesGary McKenna / Tri-City NewsDECEMBER 27, 2018 03:54 PM
RBC: Canadian Real Estate Affordability Is At Crisis Levels, But Falling Prices Will HelpDECEMBER 28, 2018Canada’s largest bank believes real estate affordability will continue to deteriorate.
B.C. government works for a robust, sustainable economyBy John Horgan | December 27, 2018British Columbia is unique in the world. Our province is filled with unmatched natural beauty and
Catherine Holt: Non-market housing is essentialCatherine Holt / Greater Victoria Chamber of CommerceDECEMBER 26, 2018 12:13 AM I read in the Times Colonist that home
BC Housing eyes Jan. 3 to start work on Sechelt projectSean Eckford / Coast ReporterDECEMBER 24, 2018 11:32 AM Architect Peter Treuheit’s rendering of the
Government policy and interest rates put pressure on salesMYKE THOMASUpdated: December 22, 2018SHAREADJUSTCOMMENTPRINTThe B-20 stress test tightened its grip on housing markets across
Canadian Real Estate Sales Drop Over 12%, Vancouver’s Decline Is Almost 3x LargerDECEMBER 17, 2018Canadian real estate sales are still dropping. Canadian Real Estate Association )
The Canadian Real Estate Industry Lowers 2019 Sales Forecast For A Third TimeDECEMBER 19, 2018Third time’s a charm… maybe. The latest Canadian Real Estate Association (CREA)
The Rich and Well-Connected Sway Vancouver Council on School TaxAttempt to avoid tax on multi-million-dollar homes ‘disgraceful,’ says UBC prof.By Geoff Dembicki Yesterday;|
Higher interest rates pushing more Canadians to seek debt relief as business booms for insolvency trusteesRecord debt burdens, rising borrowing costs and, in some cases, bigger payday loans are
‘Mild recession’ in housing market to continue in B.C. in 2019: reportCarla Wilson / Times ColonistDECEMBER 18, 2018 07:26 PM Construction proceeds
Pace of Bank of Canada rate hikes could be interrupted, Stephen Poloz saysLatest sign that central bank may put the brakes on increasesBank of Canada Governor Stephen Poloz’s comments on rates
Average rent in Canada to rise 6 to 11 per cent Tuesday, December 18, 2018 A new report released by Rentals.ca predicts that average rent in Canada will increase 6 per cent in 2019.
The Lower Mainland’s top five priciest home sales of the yearCurious about the fanciest homes that sold on the region’s MLS in 2018 – and for how much less than asking? Here&rsquo
Bank of Canada expands balance sheet list to mortgage bondsTheophilos Argitis and Esteban Duarte, Bloomberg NewsThe Bank of Canada stands in Ottawa, Ontario, Canada, on Thursday, Aug. 16, 2018.
'Subdued' housing market predicted in B.C. through 2021: Central 1 Credit Union The Real Estate Council of British Columbia Thursday announced the launch of an anonymous tipline “to
Modest home price growth expected for 2019: Re/Max, Royal LePageLinda Nguyen, The Canadian PressA "For Sale" sign is displayed outside a home in the Outremont borough of Montreal, Quebec,,
Total number of new mortgages slumped in Q2: CMHCThe Canadian PressA real estate sold sign hangs in front of a west-end Toronto property Friday, Nov. 4, 2016. , THE CANADIAN PRESS/Graeme--
B.C.’s average home sale price will edge up in 2019: forecastProvince will drive national decline in total residential sales next year, but prices will rise slightly, asserts Canadian Real
Vancouver’s Household Debt Is A Whopping 86% Residential Real EstateDECEMBER 14, 2018Congrats, Vancouver! You’re Canada’s most indebted city, largely due to the recent rapid rise
Toronto, Vancouver most 'vulnerable' to interest rate hikes: CMHCFacebookTwitterRedditLinkedInEmailCanada Mortgage and Housing Corporation says personal debt levels in biggest cities are at record
37% of Metro Vancouverites think real estate market is 'extremely corrupt': reportFacebookTwitterRedditLinkedInFindings in Transparency International Canada's 1st report on perception of domestic
Stop ‘renovictions,’ B.C. housing task force saysMLAs call for end to strata bans on renting vacant suitesTOM FLETCHERDec. 12, 2018 12:15 p.m.NEWSRules for evictions to renovate a rental
No increase in 2019 for new fixed-rate mortgages: BCREA forecastWith a recent decline in bond yields, lenders have pushed interest rates as high as they will go for a year, predicts
Home assessments rising 5% to 10% in Greater VictoriaCarla Wilson / Times ColonistDECEMBER 7, 2018 06:00 AM Greater Victoria residential property owners
Consumer Insolvency Filings Spike In Canada, And It's Likely Just The BeginningBritish Columbia and P.E.I. led the way with jumps of roughly 20 per cent in insolvencies.By Daniel TencerPESHKOVA VIA
Canadian Mortgage Rates Aren’t Headed Higher After AllBy David Larock54Just like that, all of the dire warnings about rapidly rising Canadian mortgage rates disappeared faster than
Condominium market still 'a lot better' than normal in Vancouver suburbs The Landing condo development is seen under construction in Langley, B.C., on Monday
Developer buys swath of Blanshard Street blockMerchant House has no immediate plans for changes Within the yellow outline are the Monk Office supply building, on the left, and the Montrose
Affordable housing fuels construction in Greater Victoria A sign at the The James rental development at Harbour Towers goes up on Monday. Strong demand for affordable housing is
More than half of all short-term rentals in Vancouver now licensedAs of Nov. 30 there were more than 4,500 active short-term rental listings in the city Since enforcement of
Court order questions how Cordova Bay project OK’d by SaanichCindy E. Harnett / Times ColonistDECEMBER 9, 2018 06:00 AM Artist’s rendering of
No major home price drops for Metro Vancouver and B.C. next year: forecastsTwo separate brokerage surveys predict home values will stay virtually flat or decrease only slightly
2019 Property Assessments Will Reflect BC's Shifting Housing Markets VICTORIA, Dec. 6, 2018 /CNW/ - After years of dramatic increases in British Columbia's annual
Data provided by: Victoria Real Estate Board 3035 Nanaimo Street, Victoria, British Columbia V8T 4W2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing