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The Edgemont Village market has slowed dramatically, with only one sale in the last 30 days.  1040 Beaumont Drive sold November 10th for 2,300,000 and was originally listed for 2,588,000. There are currently 19 single family homes for sale in Edgemont Village and 8 recent price reductions.  Current market conditions favour buyers.

Traffic to REW.ca’s home listings tracked to US computers went up by around 200 per cent on the day after the election Joannah Connolly REW.ca November 10, 2016 Donald Trump at the branding of the Trump International Hotel and residential tower in Vancouver. — Holborn Group Web traffic to Lower Mainland and Victoria home listings on REW.ca tripled on the day after the US election, as US re ...

Lawyers in Vancouver say they are seeing a substantial increase in B.C. court cases filed by Chinese companies seeking to seize real estate assets from Chinese immigrants in B.C. The Chinese plaintiffs are asking B.C. judges to enforce monetary judgments awarded in Chinese courts. These Chinese rulings typically involve people found in China to have defrauded Chinese banks or business partne ...

The building at 950 West Broadway in Vancouver is unremarkable, a two-storey concrete structure that is home to an IHOP, a Japanese restaurant and an insurance broker, among other things. But it sold last May for a phenomenal $46-million, according to B.C. Assessment Authority records, even though it had been assessed at just $18-million. It was the latest record-breaking sale in what has be ...

Home sales in the Vancouver region hit their lowest August levels in four years as the real estate market grappled with the shock around the B.C. government’s new tax on foreign buyers. There were 2,489 detached houses, condos and townhomes that sold in August, down 26 per cent from the same month of 2015, the Real Estate Board of Greater Vancouver said Friday. Only 715 detached houses in G ...

First, federal Finance Minister Bill Morneau announced last month that “Ottawa will create a ‘working group’ of officials from all three levels of government to study the state of the Canadian housing market over the summer and make recommendations to the government.” Next, British Columbia Premier Christy Clark announced plans to create a dedicated superintendent of real estate to regulate ...

Concerned about rising home prices and record household debt levels, Canada’s banking watchdog is cracking down, openly asking financial institutions to do more thorough checks on borrowers and vowing to keep an eagle eye on lending practices. In a rare open letter, the Office of the Superintendent of Financial Institutions, which oversees underwriting practices for federally regulated lende ...

Live in the award-winning Pariz building in the heart of Kits. This immaculate, spacious two bedroom ground level condo has 2 private south-facing patios and its own separate entrance. This quiet back unit has S/S appliances, granite countertops & a breakfast bar in the kitchen. The freshly painted walls, engineered hardwood oak floors and south facing windows and doors opening onto your own ...

West Vancouver’s mayor and council have formally called on the province and federal government to rein in real estate speculation – and they’re asking other municipalities to get on board. Council unanimously passed a motion Monday night, recognizing the Lower Mainland’s affordability crisis and the role real estate speculation, “particularly by foreign investors,” is having on it. The motio ...

Ottawa will create a “working group” of officials from all three levels of government to study the state of the Canadian housing market over the summer and make recommendations to the government, federal finance minister Bill Morneau announced Thursday. In a news release issued in conjunction with a speech to the Economic Club of Canada in Toronto, Mr. Morneau said the group would include of ...