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
Vancouver ranked second least affordable housing market in the world
Study also highlights how ‘middle class is under threat’
Metro Vancouver’s apartment building sales drop in tight rental market
Vacancies flat According to Simon Fraser University associate professor Josh Gordon, the biggest driver of rental vacancies in a given market is economic activity. “The low vacancy rate is a...
Developer seeks 35 more units for West Vancouver Earls site tower
A developer is seeking to add more units to an already approved but not yet built tower project in the District of West Vancouver, bordering the District of North Vancouver. In June, 2018, Darwin...
Construction firm Nexii taps former Vancouver mayor Gregor Robertson as VP
What happened: Vancouver construction firm hires city’s former mayor as vice-president Why it matters: Nexii and Gregor Robertson say the company’s proprietary building material can have a positive...
Tri-Cities wrestle with surging real estate demand
Developers face spiralling costs and political uncertainty as they attempt to deliver workspace and housing in Coquitlam, Port Coquitlam and Port Moody
Rental policies, new supply fail to ease vacancy rates or suppress rent hikes
Pent-up demand for rental homes across Metro Vancouver puts overall vacancy at tight 1.1 per cent, with rents up by nearly double rent-control figure
Vancouver’s weak luxury-home sector dragging on overall recovery: Sotheby’s
While $1 million-plus home sales recovered overall in second half of year, $4 million-plus resale transactions declined further, especially among high-end condos
Government policies hit homeowners but housing market rises
Inequitable assessment Property owners take heart from higher property values, which help to boost equity and in turn their borrowing power. Higher values also generate higher property tax revenues...
Housing starts hit record high in 2019
Absorption rate falls nine percentage points meaning more supply in housing market which could lead to lower prices if trend continues
Mass timber rises as builders look for speed and sustainability
Building up A new year brings new beginnings, and for Penticton-based Structurlam Mass Timber Corp., that includes building on key developments from last year. With its expertise in...