Real Estate

BIV's real estate coverage ranges from reporting the latest statistics to providing in-depth analysis of all real estate issues in Vancouver and British Columbia

B.C. budget boosts housing funding, cuts off local government

Local losers Prudence was the message as B.C. Finance Minister Carole James tabled her budget last week. “The old practice of hoarding surplus at the expense of people is over,” she declared early...

First Nation’s high bid claims bankrupt Sechelt development

Vendor ‘was doing cartwheels’ after court-ordered sale of 397-acre Sunshine Coast waterfront site

Metro Vancouver’s luxury home prices forecast to slip further

While the region’s overall market recovers from recent correction, prime real estate still has a way to go, predicts Royal LePage

Philanthropist, businessman Robert H. Lee dies at 86

Lee founded Prospero Group in 1979, was UBC chancellor and chair of UBC Properties Trust

Housing-start drop not due to demand: CMHC

The province expects a precipitous drop in housing starts this year and another slip in 2021, but housing experts warn that is no indication demand for housing has dropped off or that homebuilders...

New West condo owners launch petition in response to insurance crisis

Soaring insurance premiums are causing panic among some condo owners. Asifa Lalji, who owns a condo in Anchor Pointe at the Quay, said her strata had been anticipating increases to their insurance...

Collaboration essential to resolving B.C. development dilemmas

Crisis response A year ago, Anthem Properties Group CEO Eric Carlson announced at the Urban Development Institute’s (UDI) annual forecast luncheon that he was decamping for Sacramento, as the...

Budget 2020: No new relief for renters or homebuyers

Zero new housing measures or changes to housing policy from provincial government, which uses Budget 2020 to reiterate existing 10-year plan

Condo owners face huge bills from massive strata insurance rate hikes

Strata property owners – and those who rent from them – are looking at unprecedented costs, while some strata buildings risk losing their insurance entirely

Condo buildings face insurance crisis as premium rates soar

Insurance costs for strata corporations have been skyrocketing in condo-heavy markets such as Vancouver, Toronto and New York, while some buildings have been told flat out their insurance will not be...