There aren’t many asset classes in the world that have performed better than Vancouver real estate. June was an amazing month for folks who own property in the Greater Vancouver Area. The benchmark price hit $917,800–a new record high. Prices were up 3.2% compared to May and 32.1% over the past year. Vancouver real estate is
The B.C. government will give the City of Vancouver the powers it needs to implement an empty home tax, provincial Finance Minister Mike de Jong announced this morning. “It strikes us that if the city wants to do this, it is a reasonable request on their part,” said de Jong, who has requested the Speaker’s office
The Home Inspectors Association of B.C. is calling for the province to implement a mandatory post-bid “cooling off period” so prospective homebuyers can get a property inspected before they purchase it. The association says homebuyers are increasingly bypassing inspections to win bidding wars in the red-hot housing market in Metro Vancouver. “The market is so hot, if
