Canadian home sales drop to seven-year low for month of April

Canadian home sales drop to seven-year low for month of April

April home sales dropped to a seven-year low for the month, the kickoff to the busy spring real estate season, as both sales and prices saw double-digit annual declines, the Canadian Real Estate Association reported Tuesday. Sales sank 13.9 per cent year-over-year and the national average sale price dropped by 11.3 per cent year-over-year to […]

House prism will rise again

House prism will rise again

History tells us that with very rare exceptions, no matter how far property values fall, eventually they will come back even stronger. The latest housing market data shows sales are down and prices have dropped an average of 11 per cent across Canada over the past year, so the difficult task facing people thinking of […]

B.C. home prices virtually unchanged in April: report

B.C. home prices virtually unchanged in April: report

Home prices across B.C. showed little change in April, according to the BC Real Estate Association. In figures released Monday, the association said the average home price rose by just 0.2 per cent compared to April of last year, up to $730,507. Some regions saw bigger increases, with Chilliwack prices going up by 16 per […]

The housing market is tearing us apart, new poll suggests

The housing market is tearing us apart, new poll suggests

The lack of affordable housing in B.C. is creating divisions between economic classes and age groups, according to participants in a new poll commissioned by CBC. The Mustel Group survey shows that 86 per cent of respondents believe the province is now divided along economic lines, while 64 per cent think affordability issues have created […]

Island Voices: We should expand the speculation tax

Island Voices: We should expand the speculation tax

Street scene in St. John’s, NL: Janet Doyle suggests that British Columbia could work something out with provinces losing population, real-estate value and vital businesses, to present an opportunity for would-be foreign purchasers to revitalize those parts of Canada whose economies are flagging. Photograph By PLACES TO VISIT Re: “Everyone loses with B.C.’s real-estate speculation tax,” […]

Top 10 Spring Cleaning Tips for 2018

Top 10 Spring Cleaning Tips for 2018

Believe it or not, it’s time to start thinking about spring cleaning your home. You owe it to yourself and family to enjoy a clean that’s more than dirt-deep. Think allergen-deep. And spring cleaning isn’t something to dread—just follow our easy spring cleaning tips and tricks. Before you tackle your home, check out our tips […]

Realtors warn legal cannabis home   could undermine home value

Realtors warn legal cannabis home could undermine home value

With the full legalization of recreational cannabis expected in just months, the country’s real estate agents are warning that provisions allowing for home cultivation of marijuana plants could undermine property values. In an appearance before the Senate’s social affairs committee now studying Bill C-45, the cannabis legalization bill, the Canadian Real Estate Association (CREA) said […]

RBC hikes mortgage rates, joining TD

RBC hikes mortgage rates, joining TD

Royal Bank of Canada is raising the posted rates on some of its fixed-rate mortgages, becoming the second big bank this week to make adjustments following sharp increases in government bond yields. RBC confirmed on Friday that it is raising rates on its one-to-four year mortgages by 15 basis points. It is also raising rates […]

B.C. government targets tax evasion in condo market to keep prices down

B.C. government targets tax evasion in condo market to keep prices down

British Columbia’s government wants to crack down on tax evasion in the condominium market and gives municipalities more control over rental housing as it looks for ways of easing a housing crunch. Finance Minister Carole James said legislation introduced Tuesday would require developers to collect and report buyer information on the purchase and sale of […]