Canadian Bankers Association says only 0.18 per cent of Canadian homeowners are underwater, despite record-high home high prices and mortgage debt 2 days ago By:  Frank O’Brien When COVID-19 led to business lockdowns and layoffs early in 2020, there was widespread concern of a looming spike in mortgage defaults.  Yet, despite a record rise in Canadian mortgage debt […]

Canada’s housing agency said the country is now at high risk of a sharp correction in home valuations as the continued appreciation in prices becomes unmoored from economic fundamentals. The Canada Mortgage and Housing Corp. raised its market risk assessment to high from moderate on Tuesday, in a report showing both activity and prices remain near record […]

Billionaires battle over False Creek land deal Vancouver’s Concord Pacific squares off in court against Singapore-based investor Oei Hong LeongSep 23, 2021 7:15 AM By:  Chuck Chiang, Business in Vancouver The legal battle over the former Expo ’86 lands continued this month, when developer Concord Pacific Group appealed a court decision that awarded “special costs” in the […]

You’ll never have to mow the lawn again with these eco-friendly alternatives to grass.2min read There’s a harsh reality to how much water is required to maintain a luscious lawn. And in many dry and arid climates, supporting a grassy front and back yard is unsustainable. If you live in a desert-like climate or are looking for […]

Typical B.C. home price will top $937,000 in 2022 – and $1.2 million in Metro – as housing starts plunge 12.8 per centAug 30, 2021 9:08 AM By:  Frank O’Brien Multi-family construction continues at the Oakridge Centre in Vancouver. | Chung Chow  Despite election pledges from every major political party to boost new home construction, B.C. housing […]

For those thinking of buying a home in B.C., the housing market could have more movement this fallAug 25, 2021 11:49 AM By:  Justin Kerby, REW The market has changed since the beginning of the year, and though a frenzy of dozens of offers is unlikely, B.C. buyers and sellers can still expect to see competition from […]

NEWSREAL ESTATEDEVELOPMENTURBANIZED BC government to allow new secondary homes with flexible uses on farmland Kenneth Chan|Aug 11 2021, 5:27 pmExample of a mansion in Surrey built on a property deemed as part of the Agricultural Land Reserve. Such large homes on farmland are not permitted today. (Google Maps) The provincial government has reversed course on some of its previous […]

Print Share Beverage manufacturing companies are an important part of Canada’s food and beverage manufacturing sector and will play a critical role in Canadian economic growth in 2021. The sector employs over 42,000, 15% of all food and beverage manufacturing jobs, and contributes $7.0B in GDP to the economy. Beverage manufacturing is a low-margin, high-volume […]

The August issue of Western Investor includes a look at seven B.C. waterfront homes listed at a lower price than a city condo. Here is a sample.Jul 16, 2021 3:49 PM By:  Frank O’Brien PreviousNext1 / 3 Fawn Lake: 10-acre waterfront parcel with two cabins in the Cariboo.| LandQuest RealtyExpand A West Coast waterfront home is the often the long-held […]

Interested in buying a house that preserves your town’s history and culture? Learn the upsides and downsides from historic property experts.6min read When purchasing a historic home, buyers should be aware of unique parameters and responsibilities that come with living in a timeless residence. Are you considering buying a home built before your time? Here […]

Down payments are more than $100,000 higher than in Quebec, where buyers paid the lowest level in the country, new study showsJun 29, 2021 7:38 AM By: WI Staff – Chart courtesy of LowestRates.ca British Columbia homebuyers put down an average of nearly $160,000 to purchase a home during the first quarter of 2021, by far the […]