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Real Estate

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
Real estate receiverships on the rise as projects stall

Real estate receiverships on the rise as projects stall

TORONTO — From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership.
Century-old, $16.7M Vancouver mansion at centre of curious legal battle

Century-old, $16.7M Vancouver mansion at centre of curious legal battle

The West Point Grey property was once used for a U2 video shoot.
Metro Vancouver ‘toughest’ rental market in Canada, says CMHC

Metro Vancouver ‘toughest’ rental market in Canada, says CMHC

High immigration levels, mortgage prices keeping would-be homebuyers in rental units.
Vancouver luxury buyers draw bead on single-family homes, says Sotheby’s

Vancouver luxury buyers draw bead on single-family homes, says Sotheby’s

Activity picked up in the second half of last year as buyers shifted their preference to detached homes.
Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing Corp. began tracking that data in 1988.
Densification potential underpins sale of Surrey shopping centre

Densification potential underpins sale of Surrey shopping centre

Development potential outweighs impact of high borrowing costs