Real Estate News

Whether the region’s home prices are rising or falling is significantly to do with buyers’ spending power – more so than foreign buyers or market speculation, according to the lead data analyst for Vancouver real estate firm the Rennie Group.

The B.C. government is launching a review of the province’s two key real estate regulatory groups, in order to "make sure that British Columbians are effectively protected," finance minister Carole James announced April 18.

Vancouver’s Molnar Group is planning a $40-million apartment and townhouse project in Nanaimo as it continues to roll out development plans around Vancouver Island. “We are big believers in the Vancouver Island market.

British Columbia commercial real estate investment activity and dollar volume achieved record heights in 2017 with the disposition of 230 office, industrial and retail properties valued at $7.5 billion during the record-setting year.

With 4/20 just a few days away, close to half of the respondents to a new national survey said that they would be put off buying a home if even a legal amount of pot had been grown there, under the upcoming new marijuana legislation.

Developer Townline has won city hall approval to construct Victoria’s tallest building at 26 storeys, and maybe its deepest, too. In a 5-3 vote, Victoria council approved a development permit and variances for the 777 Herald St. condo project.

A nearly seven-acre assembly of land that includes the historic Capital Iron building, running from the foreshore of Victoria’s Upper Harbour east to Government Street, is going on the market for an unspecified price.

The historic Merchant’s Bank of Canada building — also known as the Bank of Montreal building — in downtown Victoria is on the market for $15.98 million.

The price for a single-family home in the capital region’s core area reached a new high last month.

The Town of Sidney is calling on B.C. to take a second look at its contentious speculation tax, warning that many longtime homeowners who contribute to the community are already planning to sell their properties.