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October 8th, 2019
“We’re seeing more balanced housing market conditions over the last three months compared to what we saw at this time last year,” Ashley Smith, REBGV president said. “Home buyers are more willing to make offers today, particularly in the townhome and apartment markets.” [read more]
September 20th, 2019
“Home sales returned to more historically normal levels in July and August compared to what we saw in the first six months of the year,” said REBGV President Ashley Smith. [read more]
May 3rd, 2019
“There are more homes for sale in our market today than we’ve seen since October 2014. This trend is more about reduced demand than increased supply,” Smith said. “The number of new listings coming on the market each month are consistent with our long-term averages. It’s the reduced sales activity that’s allowing listings to accumulate.” [read more]
February 12th, 2019
With that being said, home Buyers are still looking to Squamish for its mix of small town feel, access to excellent job markets in Whistler and Vancouver, outdoor lifestyle and general affordability compared to neighbouring communities. If you're a first time buyer with a young family, you can buy a nice 3 bedroom townhome in Squamish starting in the high $500's in the resale market. [read more]
July 20th, 2017
3. Allow basement suites in duplexes, townhouses, and apartments. Basement suites provide a significant amount of affordable housing. However, they’re generally not allowed in duplexes and townhouses. Municipalities should change zoning to allow this form of housing. They should also allow “lock-off suites” within apartments, such as those at SFU’s UniverCity. Think of them as “mortgage-helpers in the sky”. [read more]
September 21st, 2016
The “policy shock” of the new foreign buyer tax has created a “temporary market disruption” that will play out over the next three to six months, after which “market fundamentals” will mean the market recovers, according to a leading economist. [read more]
September 11th, 2016
Almost all of the presale units in projects under construction downtown are spoken for and sales so far this year have broken records, according to developers. Industry watchers say it’s too soon to tell when or how a slowdown in the resale market will catch up with presales. [read more]
July 28th, 2016
The provincial government will implement a 15 per cent foreign buyer tax on all residential transactions effective August 2, 2016. The tax will be added to the Property Transfer Tax and will apply to all residential properties purchased by foreign nationals or foreign-controlled corporations. [read more]
July 28th, 2016
In a surprise move, British Columbia introduced a new 15 percent property transfer tax on foreign real estate buyers in Vancouver on Monday, action intended to calm soaring prices. The new tax would apply to buyers who are neither Canadian citizens, nor permanent residents. [read more]
April 25th, 2016
Riding on the coattails of strong housing momentum in the south coast markets, provincial housing sales and prices will reach a new zenith this year, with robust sales and price gains continuing through 2018, says the latest housing forecast by Central 1 Credit Union (Central 1). [read more]
April 11th, 2016
North Vancouver residential real estate market conditions continue favour Sellers across all products types (detached homes, townhomes and condos), with well below seasonal averages for total active listings and record setting sales volume pace carried over from the past few months. [read more]
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