Have you heard about the red-hot real estate market … in Parksville? While the Vancouver’s market has been in the spotlight for its rapidly rising values, these sky-high growth rates are now trickling out to surrounding locations. Cameron Muir, chief economist of the British Columbia Real Estate Association, says the entire province experienced a record
The bank of mom and dad has skipped a generation, with parents now buying houses or condos for their school-aged children or grandchildren. Nervous upper-middle-class homeowners are hoping that the strategy will help younger generations gain a foothold in Vancouver. At the rate things are going people are afraid,” said Kristine Skinner, a financial adviser
The author of a study released Wednesday says all three levels of government need to act quickly in order to stop the so-called housing affordability crisis from widening the gap between rich and poor in Metro Vancouver. The study, published by the Canadian Centre for Policy Alternatives, calls for funding for at least 5,000 units
