Savvy shoppers can still do relatively well in Vancouver by searching for the right unit in the right location Vancouver’s existing housing market seems to defy economic logic. The Conference Board’s Metro Resale Index shows that Vancouver remains a balanced market. Since neither buyers nor sellers should have bargaining advantage under these conditions, prices should [...]

The Fraser Valley Real Estate Board processed 1,608 property sales on its Multiple Listing Service (MLS®) in May, an increase of 9 per cent compared to 1,477 sold during May of last year, and an increase of 6 per cent compared to April’s 1,516 sales. Sukh Sidhu, president of the Board, reports, “Overall, the Fraser [...]

Fate of controversial tax will be decided through referendum Developers and construction workers in Nanaimo and across the province hope that new housing sales will pick up once the fate of the Harmonized Sales Tax is decided. Home construction in Nanaimo is down more than 30% from this time last year, according to data from [...]

VANCOUVER – Home sales in B.C. edged down one per cent to 7,857 units in May compared to the same month last year, according to a B.C. Real Estate Association survey released Wednesday. However, the report also said that the average price of a home climbed 20 per cent to $596,872 last month compared to [...]

Foreign investment also a major factor in Metro Vancouver, which showed greatest rise in sales Demand for luxury homes across Canada – especially in Metro Vancouver – is rising, with the improved financial standing of wealthy Canadians the main reason, according to a report released Wednesday by Re/Max. But while rich foreign investors – especially [...]