For the first time in the Vancouver area, more than 5,000 homes have sold in a single month. A total of 5,173 residential properties were sold in the region in March, marking a 27.4-per-cent increase over March 2015 and a 24-per-cent increase over February 2016, according to the Real Estate Board of Greater Vancouver. “March […]
Results from Canada Mortgage and Housing Corp.'s first-ever rental turnover survey in Metro Vancouver points to a migration of rental demand from the pricier centre to less-expensive suburbs.
Vancouver-area seniors tend to be viewed as equity-rich fat cats with paid-off homes to finance their post-employment years. As the myth goes, these folks sell their West Side homes for millions, then relocate to stylish condos or retreats in Sechelt or Qualicum Beach while having enough left over to dole out downpayments on housing for their children.
Vancouver's heritage homes seem to be disappearing as rapidly as the original forest they replaced.
Across North America, city governments and neighbourhood activists are worried that the exploding popularly of Airbnb is hurting neighbourhoods and putting a strain on rental housing stock, as landlords choose the lucrative option of short-term rentals over long-term tenants.
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Updated content and reports 21 Nov 2016
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