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Real Estate

May home sales down 4.3 per cent from year ago, but activity up month-over-month

May home sales down 4.3 per cent from year ago, but activity up month-over-month

Home sales in May fell 4.3 per cent compared with a year ago, however the Canadian Real Estate Association said Monday that activity picked up when compared to the previous month.
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CMHC says annual pace of housing starts in May down 0.2 per cent from April

CMHC says annual pace of housing starts in May down 0.2 per cent from April

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May edged down 0.2 per cent compared with April.
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Airbnb says thousands of B.C. reservations at risk, blaming 'rushed' rental rules

Airbnb says thousands of B.C. reservations at risk, blaming 'rushed' rental rules

Property owners have reported that typos and formatting errors have prevented them from registering with the province, despite meeting all the legal criteria for hosting short-term rentals.
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New $70M fund brings fresh capital to Western Canada's real estate market

New $70M fund brings fresh capital to Western Canada's real estate market

Cameron Stephens eyes high-yield mortgage opportunities in B.C. and Alberta as investors shift toward private credit
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How undervaluation of Vancouver sites could cost millions in property taxes

How undervaluation of Vancouver sites could cost millions in property taxes

VANCOUVER — Retired architect Michael Geller says he's always keen to restore some "justice" to Vancouver's real estate scene. So, when he noticed an official BC Assessment valuation of about $6.
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Ottawa's GST rebate on new homes would save typical first-time buyer $27K: PBO

Ottawa's GST rebate on new homes would save typical first-time buyer $27K: PBO

OTTAWA — An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa's latest housing proposal, the parliamentary budget officer said in a new report on Wednesday.
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Vancouver city council approves divisive Commercial-Broadway towers

Vancouver city council approves divisive Commercial-Broadway towers

Public hearing reveals starkly different views on plans for Safeway site
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Prefab momentum grows in B.C. as federal housing push takes shape

Prefab momentum grows in B.C. as federal housing push takes shape

With experience, task force and industry capacity, leaders in the province say B.C. is poised to take advantage of financing
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Federal government slow to reduce, modernize its office space

Federal government slow to reduce, modernize its office space

OTTAWA — The federal government has moved slowly to reduce its office space, a new report by Canada's auditor general said Tuesday.
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B.C. judge rules against owners of floating homes on Crown land

B.C. judge rules against owners of floating homes on Crown land

Judge cites housing crisis but upholds province's trespass, seizure notices
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