Vancouver Real Estate

Vancouver records sharp increase in housing starts

Vancouver is one of five metropolitan areas in Canada that recorded sharp year-over-year increases in housing starts in August, according to figures released Tuesday by the Conference Board of Canada.

Vancouver condo residents await report into toxic contamination

Vancouver condo residents await report into toxic contamination

Residents of a 21-storey condo in downtown Vancouver hope to find out soon when their homes will be safe again.

Hundreds were evacuated from the building late Friday, but returned a few hours later when smoke from a renovation project was cleared and a specialist in building hygiene issued the all-clear.

Vancouver Real Estate

Banks hold most of the cards in mortgage game

To understand the housing market and where it’s headed, it’s a good idea to take a close look at the big banks.

As providers of more than 60% of home loans in Canada they are major players, determining everything from who gets to be a buyer to what people can afford to pay.

Regional construction job numbers slip in August

Regional construction job numbers slip in August

Construction employment in the Lower Mainland-Southwest region decreased in August, according to Vancouver Regional Construction Association’s (VRCA) analysis of today’s Labour Force Survey from Statistics Canada.

Why rising interest rates haven’t flattened the housing market

Why rising interest rates haven’t flattened the housing market

So much for the housing market being crushed by rising interest rates.

The Bank of Canada cranked up its trendsetting overnight rate for the third time in four months on Wednesday and the impact will be felt by a wide range of borrowers. But home buyers? Not so much.

5 tips for assessing a lowball offer

5 tips for assessing a lowball offer

Your house is for sale for $350,000, and you’re confident it’s well-priced. You get an offer, but it’s for $300,000, and you’re stunned and disappointed by how low it is.

That seller might still end up with an acceptable sale price. The key is being ready.

Buying a Home: Overview

Buying a Home: Overview

If you’ve decided to buy a house, you may be wondering where to begin — find a real estate agent? Go to open houses? You’ll have to juggle a number of tasks simultaneously, ranging from the fun to the tedious. The preview below will alert you what’s ahead and link you to other key information.

Bank of Canada

Bank of Canada boosts overnight lending rate

Bank of Canada governor Mark Carney raised the overnight lending rate a quarter percentage point on Wednesday morning, in line with most analysts’ expectation.

Carney raised the trend-setting rate from 0.75 per cent to an even 1 per cent.