Real estate

New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Budget’s foreign-homebuyers tax could bring in $509 million over 4 years, PBO says

Liberals are proposing a one per cent tax on vacant homes owned by foreign non-residents

 

Ozzie Jurrock. Photography by Lia Crowe

The Visionary

Ozzie Jurrock wrote the book on real estate

  • May 7, 2021

 

B.C. average home price and sales level to 2023, showing steep drop in sales expected next year. (Central 1)

Forecast calls for B.C. home sales to ‘explode,’ then drop off

Average price to rise another 10% in 2021, credit unions say

 

A real estate sign is shown in Victoria, B.C., on Friday, June 1, 2018. THE CANADIAN PRESS/Chad Hipolito

CMHC predicts COVID-19 immunity will moderate pace of home sales, prices by 2023

The agency also predicts that rental demand will rebound as immigration recovers

A real estate sign is shown in Victoria, B.C., on Friday, June 1, 2018. THE CANADIAN PRESS/Chad Hipolito
Real estate sales are a bit down in Langley from last January. (Photo by THE CANADIAN PRESS)

Slight slowdown in record-breaking Langley real estate market

The price of a detached house cooled very slightly in April

Real estate sales are a bit down in Langley from last January. (Photo by THE CANADIAN PRESS)
The $12.8 million house at 587 Vancouver Avenue in Penticton, nominated for several International Design Awards, is described as a property that “has been designed with an obsessive level of attention to detail.” (Jon Adrian / Kevin Chen Realty)

$12.8 million Penticton home listing sparks racist, hateful comments

Realtor Kevin Chen reported threats made against him to police

The $12.8 million house at 587 Vancouver Avenue in Penticton, nominated for several International Design Awards, is described as a property that “has been designed with an obsessive level of attention to detail.” (Jon Adrian / Kevin Chen Realty)
(The Canadian Press)

More than half of B.C.’s first-time homebuyers plan on heading to suburbs for their purchase

First-time buyers largely wanted a detached home, with 61 per cent eyeing that option

(The Canadian Press)
Finance Minister Chrystia Freeland holds a press conference in Ottawa on Tuesday, April 20, 2021. THE CANADIAN PRESS/Sean Kilpatrick

More supply needed to ease housing price crunch, but always more to do, Freeland says

Federal budget promised $2.4B over five years, beginning with nearly $1.8B this year, for affordable housing

Finance Minister Chrystia Freeland holds a press conference in Ottawa on Tuesday, April 20, 2021. THE CANADIAN PRESS/Sean Kilpatrick
A for sale sign is shown in by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home sales up 76% year-over-year, set new March record: CREA

On a month-over-month basis, sales in March were up 5.2 per cent compared with February

A for sale sign is shown in by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. THE CANADIAN PRESS/Sean Kilpatrick
A real estate sign is pictured in Vancouver, B.C. THE CANADIAN PRESS Jonathan Hayward

1 in 3 young Canadians have given up on owning a home: poll

Data released Monday says 36% of adults younger than 40 have given up on home ownership entirely

A real estate sign is pictured in Vancouver, B.C. THE CANADIAN PRESS Jonathan Hayward
Building on the success of Black Press Media’s niche digital platforms, Today’s Home brings the same wealth of knowledge and local expertise to the search for a home, be it buying, selling, or even just daydreaming about what changes you can make in the future.
Building on the success of Black Press Media’s niche digital platforms, Today’s Home brings the same wealth of knowledge and local expertise to the search for a home, be it buying, selling, or even just daydreaming about what changes you can make in the future.
Scott Strudwick is involved in selling mini-strata properties – two houses sharing the same lot in Langley. (Matthew Claxton/Langley Advance Times)

Mini-stratas an option as Langley property prices continue to climb

The price increase in Langley homes has gone up again

Scott Strudwick is involved in selling mini-strata properties – two houses sharing the same lot in Langley. (Matthew Claxton/Langley Advance Times)
Real estate prices and sales finally came down in May in Vancouver and the Fraser Valley but in Chilliwack they stayed steady. (File)

Painful Truth: Is it a bubble if it never bursts?

Housing markets do not make sense, and maybe they never will

Real estate prices and sales finally came down in May in Vancouver and the Fraser Valley but in Chilliwack they stayed steady. (File)
Michael Tremblay. Darren Hull photography

Charting The Course

Michel Tremblay navigates work and adventure

  • Mar 29, 2021
Michael Tremblay. Darren Hull photography
The earliest known drawing of Woodside Farm in the 1850s. (Contributed - Sooke Region Museum)

Woodside sold: Sooke couple buys Western Canada’s oldest working farm

South Island’s Woodside Farm is the oldest continuously operated farm west of the Great Lakes

The earliest known drawing of Woodside Farm in the 1850s. (Contributed - Sooke Region Museum)
(Pixabay)
(Pixabay)
Single-family home prices are rising quickly and governments need to get more involved. (Black Press files)

Our View: Province must take lead on keeping housing affordable

It’s in no one’s best interest for house prices to shoot up 20 per cent a year

Single-family home prices are rising quickly and governments need to get more involved. (Black Press files)
Legacy on Park Avenuea casts a striking silhouette, with the meticulous construction to back it up.

For his final project, this developer held nothing back

Langley’s renaissance has its centrepiece, and you can live there

  • Mar 15, 2021
Legacy on Park Avenuea casts a striking silhouette, with the meticulous construction to back it up.
Single-family houses like these, under construction in Willoughby, are now 20 per cent more valuable than a year ago, according to recent real estate numbers. (Matthew Claxton/Langley Advance Times)

‘Great Congestion’ hits Langley real estate as buyers vie for houses

Townhouses and single-family homes are in high demand and prices are up

Single-family houses like these, under construction in Willoughby, are now 20 per cent more valuable than a year ago, according to recent real estate numbers. (Matthew Claxton/Langley Advance Times)
Low interest rates have acted as a catalyst for the pandemic real estate market. THE CANADIAN PRESS/Graeme Roy

Millennial homebuyers benefiting from pandemic pricing

Mortgage rates at lowest in decades, helping people enter the market

Low interest rates have acted as a catalyst for the pandemic real estate market. THE CANADIAN PRESS/Graeme Roy