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Real Estate

Strong start to home sales in 2024 unlikely to delay BoC rate cuts: economists

Strong start to home sales in 2024 unlikely to delay BoC rate cuts: economists

TORONTO — A surge in home sales across Canada's largest markets to kick off 2024 is unlikely to prompt the Bank of Canada to delay its probable interest rate cuts later this year.

Federal government extends foreign buyer ban on Canadian homes to 2027

OTTAWA — Foreign nationals and companies will be banned from buying residential properties in Canada for an additional two years, the federal finance minister said Sunday, the latest in a raft of measures aimed at addressing housing affordability con
Developer sues City of Kelowna, mayor over scuttled project

Developer sues City of Kelowna, mayor over scuttled project

This is the second lawsuit brought against the city by Centurion Appelt but the first targeting the mayor
Land costs threaten densification around Langley transit stations

Land costs threaten densification around Langley transit stations

Developers, investors may reduce density to save on costs or sell to groups with the financial capacity for higher-density projects
Vancouver home sales rise in January as demand outpaces newly listed properties

Vancouver home sales rise in January as demand outpaces newly listed properties

VANCOUVER — The Real Estate Board of Greater Vancouversays home sales got off to a strong start in the first month of 2024 but the pace of newly listed properties did not keep up with demand. The board says January home sales totalled 1,427, a 38.
BC receives failing grade as red tape snarls renovations, construction

BC receives failing grade as red tape snarls renovations, construction

Technology and permitting improvements can cut hassles
Interest rates not to blame for housing crisis, Macklem says

Interest rates not to blame for housing crisis, Macklem says

OTTAWA — Bank of Canada governor Tiff Macklem says the central bank can't solve the housing crisis with interest rates because the root cause is a supply shortage.
West Point Grey couple loses battle to continue as Airbnb operator

West Point Grey couple loses battle to continue as Airbnb operator

Julee Kaye: "By telling me I'm not allowed to share it part time, the city is eliminating all those benefits and increasing the pressure on other housing stock."
Vancouver real estate projects in receivership: ‘A blip’ or a beginning?

Vancouver real estate projects in receivership: ‘A blip’ or a beginning?

The site assessed at $98M will be allowed to hit the market in about three weeks
Immigration policy changes needed to meet construction demand

Immigration policy changes needed to meet construction demand

B.C.'s residential construction industry is anticipating a 4,500-worker shortfall this year