It is no secret that when home prices go up in the City of Vancouver, prices in other municipalities across the Lower Mainland will also grow. According to a new report from the Canada Mortgage and Housing Corporation (CMHC), the rate at which prices in any given municipality will grow is measurable and consistent with commuting
Canada has had a reputation as an open, transparent, trustworthy society, which operates on the principles of “peace, order and good government.” But when it comes to stopping billions of dollars of illicit money funnelling into Canadian real estate, our elected officials don’t deserve their status. The governments of Canada and B.C. have consistently failed
Prices Are Increasing The benchmark price continued to creep up, as demand for lower price units pushed the average higher. April saw the composite benchmark price, the price of a typical home with luxury bias removed, hit $941,100. This is a 2.4% increase from last month, and an 11.4% increase from the same time last
