Real estate

New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Budget’s foreign-homebuyers tax could bring in $509 million over 4 years, PBO says

Liberals are proposing a one per cent tax on vacant homes owned by foreign non-residents

 

Ozzie Jurrock. Photography by Lia Crowe

The Visionary

Ozzie Jurrock wrote the book on real estate

  • May 7, 2021

 

B.C. average home price and sales level to 2023, showing steep drop in sales expected next year. (Central 1)

Forecast calls for B.C. home sales to ‘explode,’ then drop off

Average price to rise another 10% in 2021, credit unions say

 

A real estate sign is shown in Victoria, B.C., on Friday, June 1, 2018. THE CANADIAN PRESS/Chad Hipolito

CMHC predicts COVID-19 immunity will moderate pace of home sales, prices by 2023

The agency also predicts that rental demand will rebound as immigration recovers

A real estate sign is shown in Victoria, B.C., on Friday, June 1, 2018. THE CANADIAN PRESS/Chad Hipolito
The $12.8 million house at 587 Vancouver Avenue in Penticton, nominated for several International Design Awards, is described as a property that “has been designed with an obsessive level of attention to detail.” (Jon Adrian / Kevin Chen Realty)

$12.8 million Penticton home listing sparks racist, hateful comments

Realtor Kevin Chen reported threats made against him to police

The $12.8 million house at 587 Vancouver Avenue in Penticton, nominated for several International Design Awards, is described as a property that “has been designed with an obsessive level of attention to detail.” (Jon Adrian / Kevin Chen Realty)
(The Canadian Press)

More than half of B.C.’s first-time homebuyers plan on heading to suburbs for their purchase

First-time buyers largely wanted a detached home, with 61 per cent eyeing that option

(The Canadian Press)
Finance Minister Chrystia Freeland holds a press conference in Ottawa on Tuesday, April 20, 2021. THE CANADIAN PRESS/Sean Kilpatrick

More supply needed to ease housing price crunch, but always more to do, Freeland says

Federal budget promised $2.4B over five years, beginning with nearly $1.8B this year, for affordable housing

Finance Minister Chrystia Freeland holds a press conference in Ottawa on Tuesday, April 20, 2021. THE CANADIAN PRESS/Sean Kilpatrick
A for sale sign is shown in by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home sales up 76% year-over-year, set new March record: CREA

On a month-over-month basis, sales in March were up 5.2 per cent compared with February

A for sale sign is shown in by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. THE CANADIAN PRESS/Sean Kilpatrick
A real estate sign is pictured in Vancouver, B.C. THE CANADIAN PRESS Jonathan Hayward

1 in 3 young Canadians have given up on owning a home: poll

Data released Monday says 36% of adults younger than 40 have given up on home ownership entirely

A real estate sign is pictured in Vancouver, B.C. THE CANADIAN PRESS Jonathan Hayward
Building on the success of Black Press Media’s niche digital platforms, Today’s Home brings the same wealth of knowledge and local expertise to the search for a home, be it buying, selling, or even just daydreaming about what changes you can make in the future.
Building on the success of Black Press Media’s niche digital platforms, Today’s Home brings the same wealth of knowledge and local expertise to the search for a home, be it buying, selling, or even just daydreaming about what changes you can make in the future.
Michael Tremblay. Darren Hull photography

Charting The Course

Michel Tremblay navigates work and adventure

  • Mar 29, 2021
Michael Tremblay. Darren Hull photography
The Jason Wheeldon PREC team includes Wheeldon, licensed REALTOR assistant Kaytee Wheaton and office administrator Laura Kennedy.

How to make an offer on a house

House-hunting in Cranbrook? Make them an offer they can’t refuse!

  • Mar 29, 2021
The Jason Wheeldon PREC team includes Wheeldon, licensed REALTOR assistant Kaytee Wheaton and office administrator Laura Kennedy.
The earliest known drawing of Woodside Farm in the 1850s. (Contributed - Sooke Region Museum)

Woodside sold: Sooke couple buys Western Canada’s oldest working farm

South Island’s Woodside Farm is the oldest continuously operated farm west of the Great Lakes

The earliest known drawing of Woodside Farm in the 1850s. (Contributed - Sooke Region Museum)
(Pixabay)
(Pixabay)
Low interest rates have acted as a catalyst for the pandemic real estate market. THE CANADIAN PRESS/Graeme Roy

Millennial homebuyers benefiting from pandemic pricing

Mortgage rates at lowest in decades, helping people enter the market

Low interest rates have acted as a catalyst for the pandemic real estate market. THE CANADIAN PRESS/Graeme Roy
(Pixabay)

Kelowna real estate group hacked, confidential information leaked online

RE/MAX Kelowna victim of malware attack, insist no client data leaked

(Pixabay)
In 2020, 8,497 properties were sold in the Victoria Real Estate Board region – a 17.1 per cent jump from 2019. (Unsplash)

Here’s how many months you would have to save up to buy a house in these B.C. cities

Best to start planning early, the National Bank of Canada has found

In 2020, 8,497 properties were sold in the Victoria Real Estate Board region – a 17.1 per cent jump from 2019. (Unsplash)
FILE – A real estate sign is pictured in Vancouver, B.C., on June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

B.C. residential real estate prices have gone up by 16% since last January: report

BCREA said unit sales and dollar sales volume were much higher than January last year

FILE – A real estate sign is pictured in Vancouver, B.C., on June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
(AP Photo/Elaine Thompson, File)

16% boom predicted for B.C. real estate sales in 2021: experts

Along with sales, the average price of homes is also predicted to rise, by nearly 8 percent

(AP Photo/Elaine Thompson, File)
A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy

W-shaped recovery would be ‘very severe’ without government assistance: CMHC

The corporation says the COVID-19 pandemic could trigger nearly 50 per cent drop in housing prices

A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy