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Real Estate

Canada needs to build 1.3M additional homes by 2030 to close housing gap, says PBO

Canada needs to build 1.3M additional homes by 2030 to close housing gap, says PBO

OTTAWA — The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country's housing gap.
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B.C. building code changes allow for higher mass timber buildings

B.C. building code changes allow for higher mass timber buildings

New mass timber buildings in B.C. can now reach up to 18 storeys for residential and office towers
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Royal LePage expands footprint with Lower Mainland acquisitions

Royal LePage expands footprint with Lower Mainland acquisitions

Technology investments tailored to the residential, investment markets pay off
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B.C.'s government buys land for transit-oriented housing development

B.C.'s government buys land for transit-oriented housing development

SAANICH, B.C. — British Columbia's government is spearheading a new public development project on Vancouver Island aimed at bringing more affordable homes closer to transit access.
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Spring housing market surge unlikely as affordability, cost of living weigh on buyers

Spring housing market surge unlikely as affordability, cost of living weigh on buyers

After five straight holds of the Bank of Canada's key interest rate that followed its hiking cycle of more than a year, economists say a rebound awaits the national housing market — but don't expect a big surge just yet.
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B.C. Rental Protection Fund head applauds new federal program

B.C. Rental Protection Fund head applauds new federal program

"It's probably fair to say they're pulling many ideas from B.C."
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Vancouver 'one of the most resilient cities' for commercial real estate

Vancouver 'one of the most resilient cities' for commercial real estate

A look into predictions from the Vancouver Real Estate Forum for three commercial real estate markets in 2024.
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Metro Van housing starts expected to drop despite anticipated market rebound: CMHC

Metro Van housing starts expected to drop despite anticipated market rebound: CMHC

Home prices expected to reach new highs by 2026, says CMHC
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B.C. real estate tax evasion and avoidance audits hit $1.3B since 2015

B.C. real estate tax evasion and avoidance audits hit $1.3B since 2015

Tax auditors uncover, on average, $86,036 per re-assessment in their real estate-related audits in 2023; lifestyle/income and capital gains audits account for majority of findings in B.C.
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Home prices could reach peak levels by next year, set new highs in 2026: CMHC report

Home prices could reach peak levels by next year, set new highs in 2026: CMHC report

The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.
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