BrianAJackson via Getty Images
Bloomberg via Getty Images
The most basic economic principle is, when there is a rise in demand, the invisible force of supply will kick in, and this is how economic growth is generated. For those who want to blame the housing crisis on immigrants, let's think about how our economy would look like if B.C. or Canada did not have the intake and growth brought by immigrants.
It will apply to non-principal residences that are left empty for six months of the year or longer.
Vancouver gained. But the gains were lower.
Yun Han Xu via Getty Images
"The short supply of single-family homes ... coupled with strong demand" is something to watch.
It's bad news for prospective buyers. It could be bad for the market, too.
The federal government is concerned.
The bank predicts that rate hikes from the central bank, which is expected to raise its trend-setting overnight interest rate next year, are likely to erode affordability.
Residents of Toronto and Vancouver ought to ask themselves why they're still living in those cities, when they could buy prime Roman real estate for cheaper. A map released by commercial real estate c...
The future of Metro Vancouver's real estate lies with baby boomers who hold an astonishing $163.4 billion in mortgage-free property, said the city's "condo king" in an annual address. "What will be th...
Following a solid 2013, Vancouver housing prices appear to have stalled, according to an annual city study. The Bing Thom Architects report, which focuses on single family homes, shows only a minimal...
Vancouver's real estate market proved the exception to Canada's rule in the second quarter of 2013, as housing prices continued to show a drop over the same period in 2012, while nationally the trend...
Vancouver remains the worst place in Canada to afford a house despite slumping prices, says a report from the Royal Bank of Canada (RBC). The costs of owning a detached bungalow in Vancouver take up 8...
VANCOUVER - The number of homes sold in the Vancouver area was down 29.4 per cent last month compared with February last year, continuing a trend of below-average activity and declining prices.The Rea...