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Vancouver's housing affordability crisis making neighbourhoods ‘inhospitable’ for middle class: Trudeau

June 18th, 2016
Prime Minister Justin Trudeau agrees that the influx of foreign cash into Vancouver’s real estate market may be making neighbourhoods “inhospitable” to ordinary families. Trudeau, who met Friday with Vancouver experts to discuss this city’s housing affordability crisis, says that while he wants to fix the problem, he warns of “unintended consequences” if a rushed policy initiative ends up ba ...

Vancouver area home sales hit record 5000 in March

April 5th, 2016
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. NICK PROCAYLO / PNG SHAREA For the first time in the Vancouver area ...

Christy Clark pledges crackdown on shadow flipping of Vancouver real estate

March 18th, 2016
VANCOUVER — The British Columbia government says it will impose regulatory changes to end the "shady" practice of contract flipping to protect sellers and consumers in the province's hot housing market. Premier Christy Clark said "pure, naked greed" is driving real estate agents to flip a property multiple times at higher prices before a deal closes, allowing agents to continue making commis ...

Vancouver housing market ‘vulnerable’ to money laundering

March 18th, 2016
Dozens of Vancouver-area real estate firms are failing to comply with federal anti-money-laundering laws that require them to identify who their clients are and where their money comes from, The Globe and Mail has learned. The Financial Transactions and Reports Analysis Centre (FinTRAC), which enforces the legislation, says it found “significant” or “very significant” deficiencies within som ...

B.C. home sales have record-breaking $7.5 billion month in February

March 14th, 2016
  More than $7.5 billion changed hands in February as home sales across the province had a record-breaking month, according to the B.C. Real Estate Association. More than $7.5 billion changed hands in February as home sales across the province had a record-breaking month, according to the B.C. Real Estate Association. The Multiple Listing Service (MLS) recorded 9,637 reside ...

Millennials fleeing Vancouver for cities with more affordable housing, threatening city’s tech economy

March 14th, 2016
STORY PHOTOS ( 1 )     Rising costs are putting Vancouver’s vaunted growth engine at risk as the city hemorrhages people employed in tech and new media for more affordable locales, including Victoria and Kelowna. Kevin Oke had a Vancouver millennial’s dream job, working as lead designer at a video-game company whose clients included Atari and Ubiso ...

High-end Metro Vancouver real estate buyers commuting by helicopter

March 14th, 2016
    Realtor Danny Evans is hoping the option of commuting by helicopter will entice a deep-pocketed buyer to pay $5.8 million for a 10,000-square-foot mansion in Langley. A Bell Jet Ranger helicopter circles an eight-hectare estate in Langley, allowing a high-angle view of a private lake and 10,000-square-foot chateau-style mansion complete with a saltwate ...

Nine Ways to Turn Vancouver's Housing Crisis from 'Breaking Point' to Tipping Point

March 11th, 2016
In wake of recent headlines, we offer these ready-made ideas. By David P. Ball and Katie Hyslop, 10 Feb 2016, Tyee       Barely a day goes by without the B.C. Lower Mainland's ridiculously unaffordable housing hitting the headlines. Last week, Vancouver's mayor offered up $250 million in land for what he says will be affordable housing -- but only if the Trudeau govern ...

North Vancouver February Duplex Sales

March 11th, 2016
Address List Price Sold Price Sold Date DOM 213 E 5TH STREET $748,000 $846,000 2/14/2016 6 239 W 19TH STREET $869,000 $905,000 02/08/2016 7 235 E 5TH STREET $939,000 $960,000 2/29/2016 7 251 E 18TH STREET $879,000 $995,000 02/10/2016 7 359 E 6TH STREET $1,099,900 $1,150,000 02/08/2016 10 3 651 W 14TH STREET $1,280,000 $1,260,00 ...

Another North Shore home sold with mutiple offers above asking by the Powers Team at Hadden Properties.

March 8th, 2016
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