Glacier Media Real Estate

Federal Budget 2019 aims to help first-time buyers and boost rental supply

Lagging the Conservative Party in the polls, the Liberal Party of Canada is appealing to young voters in this election year with 2019 Budget measures that it says will help make housing more...

$1m-plus Vancouver condo sales plunge by two-thirds: Sotheby’s

Where the Vancouver detached home market goes, it seems the condo market inevitably follows. Sales of Vancouver condos above $1 million have plummeted by 66% year over year, according to a report by...

Real estate slowdown is main drag on B.C.’s economy: Central 1

Housing starts and residential investment to decline, but strength in other areas will prevent overall recession, predicts credit union

More tall wood buildings may be on the way in B.C.

There could soon be a rise – literally – in wooden residential buildings across the province, after the B.C. government announced changes to the provincial Building Code to allow for mass timber...

Average B.C. home price has slid nearly 10% in past year: BCREA

Real estate association blames mortgage stress test for “sidelining” buyers, calls for feds to scrap it entirely

Non-residents own 4.9% of Metro Vancouver homes, much higher in new condos: CMHC

While there is a common perception that overseas buyers have snapped up much of Metro Vancouver real estate, the number of homes owned purely by non-residents across the region is 4.9%, according to...

B.C. real estate not alone as home prices slide across prime global cities

London, Sydney, Hong Kong and more seeing price declines over past year, reports The Economist – a correlation that could herald a global recession

Availability of newly built and presale condos skyrockets in Metro Vancouver: report

Number of concrete condos complete and unsold or available for presale quadruples in a year, finds quarterly report

Canadian cities have among highest homeownership rates in world: RBC

Major Canadian cities may be struggling with affordability issues, but the rate of homeownership is among the highest in the world, according to a recent report by RBC. The bank compared Vancouver,...

Metro Vancouver home sales down year-over-year in February but up from January: REBGV

A total of 1,484 home sales took place across the Metro Vancouver region in February, which is down 32.8% year-over-year and is 42.5% below the 10-year average for the month (see graph below),...